Re:Bitcoin broke $700 ($750 at this moment)
by dragontamer on Monday November 18, 2013 @04:50PM
(#6757348)
Interesting.
Clarkmoody is using "Mt. Gox", which is a well known exchange where it is damn near impossible to get your USD out of. Notice that other BTC exchanges (btc-e is more cannonical right now...) have prices closer to $550.
Keep in mind WHICH exchange these prices are coming from. Unlike more established currencies, there is very little arbitration going on between exchanges, and prices swing DRAMATICALLY between say... Mt. Gox and BTC-e.
Clarkmoody is using "Mt. Gox", which is a well known exchange where it is damn near impossible to get your USD out of. Notice that other BTC exchanges (btc-e is more cannonical right now...) have prices closer to $550.
Keep in mind WHICH exchange these prices are coming from. Unlike more established currencies, there is very little arbitration going on between exchanges, and prices swing DRAMATICALLY between say... Mt. Gox and BTC-e.