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September 29th, 2013

Thank you very much.

JG2 $20
Eileen $100
KL $10
PC 2 Bitcoins [!!!]
UR $50

I continue to recommend bitnz.com for your bitcoin needs in New Zealand. Yes, it’s true: You might get a slightly better deal at MtGox at times (buy side is actually NZ$16.21 cheaper on bitnz vs. MtGox at the moment!), but if you consider that MtGox is routinely unusable and the wire fees that they charge, bitnz.com is the better way to go. I’ve cleared everything out of MtGox. That place is a total mess.

When considering the spreads between bitnz and MtGox, at first glance, you might think that there’s enough slop in there for an arbitrage opportunity. Take out the calculator and include the commissions on both exchanges, though, and *poof* there’s no arbitrage opportunity (for us at the retail level anyway).

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