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comment by mk
mk  ·  1695 days ago  ·  link  ·    ·  parent  ·  post: Bitcoin Crosses $1000 Again

    as investors relied on the digital currency as an alternative asset, countering the negative effects of a sell-off in emerging markets.

I don't think that is the case. From what I have gathered, the spread between MtGox and the other exchanges has increased as it is very difficult to get USD out of MtGox. As a result people are buying BTC at MtGox, then selling it for USD at other exchanges, driving the spread, and increasing the buys for BTC at MtGox.




ahametals  ·  1694 days ago  ·  link  ·  

And sadly, many people wish they could use Gox but it is completely unreliable. I'm wondering myself.