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by FatalLogic
4573 days ago
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Mt Gox is acting like a futures market. Many people invest dollars into Bitcoin because they believe it will increase in dollar value. If they exchange their Bitcoins for dollars at Mt Gox, they know they will have to wait to get the dollars. They believe that, while they are waiting, the value of Bitcoin will probably rise. So they demand the expected future value of their Bitcoins, not the present value. |
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