Location : Wasted Space Job/hobbies : Cayman Islands Actuary
Subject: Re: Bitcoin, last 7 days: Up and down like a toilet seat Sun Nov 24, 2013 2:15 am
The volatility might in part be due to MtGox being suspect.
comment by Paul N
Another reason it’s spiking (and another reason there’s huge differences between the exchanges) is that it’s extremely difficult to cash out, so it’s a one-way street for the exchanges. Magic: The Gathering Online Exchange (MtGox) is really shady and their payment processor cut them off for failing to meet Anti Money Laundering rules. They can now transfer a maximum of $10k USD per month to their US customers. That’s not $10k per month per customer, that’s $10k for ALL customers in the US. Last I heard, wait time for withdrawals was up to a year. That really jacks up the price of coins on that exchange – money goes in, bitcoins go out, but it’s impossible to go the other direction.
Subject: Bitcoin, last 7 days: Up and down like a toilet seat 
Sat Nov 23, 2013 8:03 pm
