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That's true, but I'm unclear why you'd store USD for any length of time on mtgox anyway.
by jaggederest 13y ago
That's true, but I'm unclear why you'd store USD for any length of time on mtgox anyway.
- pmorici 13y agoIt takes a long time to transfer money into MtGox and with the wild price fluctuations it might be prudent to wait for a better price instead of buying at the current market price the second the transfer clears.
- dragonwriter 13y ago> That's true, but I'm unclear why you'd store USD for any length of time on mtgox anyway. The same reason you'd keep any currency in an account tied to a particular marketplace: liquidity that allows you to trade without the delay of getting money into the marketplace from somewhere else.