JayJuanGee
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How much alt coin diversification is needed? 0%?


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April 26, 2014, 05:42:46 AM

I understand that withdrawing BTC from Huobi and such is still possible? If so, I do not believe we can have Gox-style decoupling - arbitrage, a.k.a. dumping Chinese coins on Bitsamp and such is still possible. It was complete inability to withdraw anything from Gox that coused its prices to decouple.
That is my understanding too.

Yes but arbing only works for so long when you cant get money back into a Chinese exchange.
Even if all "easy" deposit channels are cut off, I imagine that there will be ways to get money into the exchanges, e.g. taking cash to their offices.  Perhaps even after May 10.

Arbitrage seems to be a lucrative activity for those who have the skills and tools, so they have enough motivation and money to find a way.


Why would this NOT create a private courier system?  would that work? Send the fiat to the courier, and the courier delivers the fiat to the exchange.  Does seem a bit inconvenient way to convert back and forth to/from Fiat and BTC.