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by neals 4632 days ago
$200? Hardly. Maybe if you look at Mt.Gox, it might look like you could get $190 per bitcoin. Howerver, there is no way to actually get that money to your bank account, since Mt. Gox hasn't been doing any banktransfers for months.

The price is high on Mt.Gox because people that have money on there can only get it out by buying Bitcoins and transfering those to other exchanges. This drives the Mt.Gox price up.

If you look a the exchanges that are actually solvent, the price is more around $160.

2 comments

People have been saying this for the last $100 or so of rise.

And yet here we are.

Yes indeed, people have been saying they can't get their money out of Gox for quite a while. Thanks for backing me up on that, I guess?
My experience was that buying Bitcoins from other exchanges is usually much more expensive than Mt.Gox. I'm not sure about selling, though.
I've been trying to get a fair amount of both $ and € out of Gox for 3 months now. Nothing is going through.