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Porgie Tirebiter

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Porgie Tirebiter

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Re: gump90 post# 3968

Friday, 02/21/2014 3:27:23 PM

Friday, February 21, 2014 3:27:23 PM

Post# of 59337
No probably about it. You can sign up for MtGox right now and buy in for now around $120 per.

Trades are limited to other MtGox customers and no withdrawals are allowed.

Why would a newb touch it? Arbitrage is the answer. It's not possible at the moment. That's the reason for the spread.

If Bitcoin is legitimate, you'll be able to play that spread at some point in the future.

If, on the other hand, MtGox Bitcoins are different than say Bitstamp Bitcoins then Bitcoin is proven not legitimate.

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