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Title: Why does bitfloor always seem to be $5-6 higher the MtGox? Post by: Berghoff on April 06, 2013, 06:31:56 PM Wouldn't there be an arbitrage opportunity here?
Title: Re: Why does bitfloor always seem to be $5-6 higher the MtGox? Post by: jthelle on April 06, 2013, 06:44:52 PM Thanks for the tip!
Only way to really profit from this is: -10 pile large amounts of USD to MtGox (there are some fees involved) -20 trade USD to BTC on MtGox -30 trade BTC back to USD on bitfloor -40 withdraw your USD from bitfloor (there are some fees involved) -50 goto 10 Also note that steps 10 and 40 might have significant waiting times. Title: Re: Why does bitfloor always seem to be $5-6 higher the MtGox? Post by: leopard2 on April 06, 2013, 06:52:28 PM btc-e is even cheaper, but try to get real money there...not possible. Looks like exchanges that make deposits and withdrawals easy and unbureaucratic, have better prices and vice versa.
Title: Re: Why does bitfloor always seem to be $5-6 higher the MtGox? Post by: Berghoff on April 06, 2013, 09:29:14 PM Thanks for the tip! Only way to really profit from this is: -10 pile large amounts of USD to MtGox (there are some fees involved) -20 trade USD to BTC on MtGox -30 trade BTC back to USD on bitfloor -40 withdraw your USD from bitfloor (there are some fees involved) -50 goto 10 Also note that steps 10 and 40 might have significant waiting times. True, but right now if I were the guy who was on MtGox who has a sell order of 150 for $143, they could transfer it over to bitfloor and sell it for $145 and earn an extra $300 by selling through BitFloor. Aye, I suppose they'd need to cash out through bitfloor then, and who knows what that might be like. |