If Gox enables btc withdrawals, arbitrage will lower price on Bitstamp. Prices has been hovering in the 300-400 for 2 days with big volume due to continuous billy sell. Thinking goxers would relinquish the opportunity of instant double up, is just a bull's delusion.
If Gox continue to delay or imposes New quota on btc withdrawal, market will assume Gox is nearly insolvent..Price plummets.
Either way, price on non-Gox exchanges are currently over-valued.
If Gox continue to delay or imposes New quota on btc withdrawal, market will assume Gox is nearly insolvent..Price plummets.
Either way, price on non-Gox exchanges are currently over-valued.
Agreed, I cant see anyway the price doesnt plummet when Gox comes a conclusion one way or another. After that, hopefully we can settle down and look to the stars again.