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>And it'll have to be worse than a website getting hacked or a hardfork, which were the kinds of things that caused crashes years ago when the market was younge
by pseudonym 14y ago
>And it'll have to be worse than a website getting hacked or a hardfork, which were the kinds of things that caused crashes years ago when the market was younger.
Actually, despite the market being older, there's still only one major exchange. If there were another competitor to MtGox that was moving the same volume, I'd agree with you; but as it stands we're still only a MtGox hack or crash away from some major changes in the BTC->USD prices.
- unabridged 14y agoThis is a big issue, the next biggest USD exchange has about a -10% price difference and I'm not sure what that means.
- CompelTechnic 14y agoThe smaller exchanges lag behind due to a combination of low volume/liquidity and non-negligible transfer fees that prevent arbitration.
- joezydeco 14y agoAre you talking about BTC-E? Because I noticed that as well, until someone pointed out that they're in Russia and it's nearly impossible to move USD out of there, making arbitrage just a nice idea that can't really happen.