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Title: $55 arb opp Post by: annette786 on November 09, 2013, 02:38:52 AM Price is over $400 in China, but $345 on bitstamp. WTF?
The Chinese can get an $8 RC car for my kid to my doorstep and make profit, and we can't export a bitcoin? Title: Re: $55 arb opp Post by: Elwar on November 09, 2013, 02:40:19 AM By the time you transfer your coins to BTCChina, cash out and get it into an account to put on bitstamp the price will be beyond $400.
Title: Re: $55 arb opp Post by: superduh on November 09, 2013, 02:42:38 AM $80 difference between btc china and btc-e!!! people can make a killing with no exposure to long term prices.. crazy
if btc china had litecoins i'm sure that the gap would be smaller Title: Re: $55 arb opp Post by: pera on November 09, 2013, 02:49:54 AM Maybe they are manipulating the price?
Title: Re: $55 arb opp Post by: XxionxX on November 09, 2013, 03:23:06 AM By the time you transfer your coins to BTCChina, cash out and get it into an account to put on bitstamp the price will be beyond $400. +1 :'( I think OH YEAH ARB TIME!! And then I remember the bugs in fiat... Title: Re: $55 arb opp Post by: bitnewfly on November 09, 2013, 07:10:32 AM Hi Chinese bitcoin fellows. There is big gap between BTC and BTC-china now. I can transfert the trrading among them: RMB, Dollars....
PM me if you need any help, we can work together. Title: Re: $55 arb opp Post by: Vycid on November 09, 2013, 09:32:10 AM I believe it's very difficult to remit RMB from China, and thus the arbitrage. If things cool off a bit, the gap should close.
Title: Re: $55 arb opp Post by: fghj on November 09, 2013, 06:18:38 PM if btc china had litecoins i'm sure that the gap would be smaller Nope, litecoin doesn't have magical ability to transmute CNY to USD at rate closer than bitcoin to that used to calculate this gap.The Chinese can get an $8 RC car for my kid to my doorstep and make profit, and we can't export a bitcoin? Apparently someone buying bitcoin on our side of the wall, selling them beyond the wall and paying for stuff he wants imported not only saves on fees but also gets like 12% discount for exchange rate. I guess that's the price of risk of getting caught in volatility (like some definitely doing this were caught in april).Title: Re: $55 arb opp Post by: piramida on November 09, 2013, 06:46:04 PM There is a rule of thumb - the harder it is to get fiat out of exchange, the higher the BTC value at that exchange is.
Title: Re: $55 arb opp Post by: Vycid on November 09, 2013, 08:54:52 PM There is a rule of thumb - the harder it is to get fiat out of exchange, the higher the BTC value at that exchange is. It's quite easy to get RMB out of BTCChina. But as I said, it is quite difficult to get RMB out of China (and hence back to the other exchanges). |