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Title: What would be the best way to arbitrage between the exchanges Post by: fleabag on October 25, 2013, 08:38:46 PM I know it probably has been asked and answered before. But seeing there is such a large spread between mt gox and say campbx, how difficult or easy would it be to buy on one and sell on the other?
Title: Re: What would be the best way to arbitrage between the exchanges Post by: Tirapon on October 25, 2013, 08:40:20 PM You can't get dollars out of Mt Gox. Hence the spread.
Title: Re: What would be the best way to arbitrage between the exchanges Post by: fleabag on October 25, 2013, 08:41:34 PM You can't get dollars out of Mt Gox. Hence the spread. nobody can get any fiat at all out of gox? why? Title: Re: What would be the best way to arbitrage between the exchanges Post by: NamelessOne on October 25, 2013, 08:48:27 PM You can't get dollars out of Mt Gox. Hence the spread. nobody can get any fiat at all out of gox? why? Title: Re: What would be the best way to arbitrage between the exchanges Post by: fleabag on October 25, 2013, 08:52:54 PM what is FUD?
Title: Re: What would be the best way to arbitrage between the exchanges Post by: BittBurger on October 25, 2013, 09:28:46 PM LOL ... smh ...
Dude,,,, you are just a day trader who sits at home and plays on etrade, and you discovered BTC ... am i right? You don't even know the basics, like the guy said. Im not a coder, programmer, geek, nor would I fit in with anyone on this forum socially .. but even I know that Gox isn't allowing USD withdrawals in the USA in any reasonable timeline. Title: Re: What would be the best way to arbitrage between the exchanges Post by: joesmoe2012 on October 26, 2013, 01:40:02 AM Suitcases full of money and First Class Airplane tickets ...
Title: Re: What would be the best way to arbitrage between the exchanges Post by: Nagle on October 28, 2013, 06:49:15 AM Another arbitrage issue is that much of the current run-up is being driven by exchanges in China. But if you sell Bitcoins for yuan, it's hard to get the yuan out of the country or convert them into some other currency. So you can't easily arbitrage between the yuan-only China exchanges and the ones in other currencies.
Title: Re: What would be the best way to arbitrage between the exchanges Post by: painlord2k on October 30, 2013, 08:27:41 PM Another arbitrage issue is that much of the current run-up is being driven by exchanges in China. But if you sell Bitcoins for yuan, it's hard to get the yuan out of the country or convert them into some other currency. So you can't easily arbitrage between the yuan-only China exchanges and the ones in other currencies. Unless you use the yuan to buy some stuff and export them to your country and sell the stuff. It is not easy, but could be don. Title: Re: What would be the best way to arbitrage between the exchanges Post by: theonewhowaskazu on October 30, 2013, 08:29:22 PM I know it probably has been asked and answered before. But seeing there is such a large spread between mt gox and say campbx, how difficult or easy would it be to buy on one and sell on the other? Because you can't truly sell on Gox for real $$$ unless you're some kind of whale/insider. Title: Re: What would be the best way to arbitrage between the exchanges Post by: windjc on October 30, 2013, 08:58:57 PM I know it probably has been asked and answered before. But seeing there is such a large spread between mt gox and say campbx, how difficult or easy would it be to buy on one and sell on the other? Because you can't truly sell on Gox for real $$$ unless you're some kind of whale/insider. Or live in Japan. To arbitrage, you must be in Japan or have a business partner who has Japanese bank accounts. Even then, you lose around $4 converting Yen into USD from Gox. So if the spread is $12, the spread is actually $8. That's $8 minus trading fees on 2 exchanges and minus two wire fees. So, with the exchange differences being only around 5% right now, the profits margins are not huge. |