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Title: exchanges - disparity of price Post by: randayh on November 18, 2013, 10:20:43 PM Bitstamp: 620.1
Mt.Gox: 727.9 BTC-e: 606.1 BTCChina: 844.58/5150 Does anyone know why there is such a huge price difference from each exchange? I still don't understand why no one is taking the opportunity to profit from the price spread. Title: Re: exchanges - disparity of price Post by: Keyser Soze on November 18, 2013, 10:41:07 PM Bitstamp: 620.1 You can't get your dollars out of MtGoxMt.Gox: 727.9 BTC-e: 606.1 BTCChina: 844.58/5150 Does anyone know why there is such a huge price difference from each exchange? I still don't understand why no one is taking the opportunity to profit from the price spread. Hard to get your dollars into BTC-e Can't move a significant amount of fiat out of China. Title: Re: exchanges - disparity of price Post by: DeathAndTaxes on November 18, 2013, 10:43:16 PM There would be no disparity if it was easy to do. If you could easily get USD out of MtGox and into BTC-e the price difference would be tiny. The reality is you can't and thus it isn't.
Title: Re: exchanges - disparity of price Post by: lucasjkr on November 18, 2013, 10:51:19 PM Not to mention campbx needs you to pick up a postal money or just mail a check (ach to come in two days). And coinbase, you can sell at today's price, but if you buy you have no idea what you're going to fill at, 4 days from now.
Basically liquidity is not your friend here. If you could wait for your money, though, you'd make tremendous returns buying at campbx or coinbase, and selling at mtgox, but from the sounds if it you could be waiting quite a while before the funds reach your account so you can trade again... Title: Re: exchanges - disparity of price Post by: wopwop on November 18, 2013, 10:51:52 PM Mark Kerpeles of MtGox is leading the way!
Title: Re: exchanges - disparity of price Post by: Keyser Soze on November 18, 2013, 10:52:52 PM Not to mention campbx needs you to pick up a postal money or just mail a check (ach to come in two days). And coinbase, you can sell at today's price, but if you buy you have no idea what you're going to fill at, 4 days from now. Basically liquidity is not your friend here. If you could wait for your money, though, you'd make tremendous returns buying at campbx or coinbase, and selling at mtgox, but from the sounds if it you could be waiting quite a while before the funds reach your account so you can trade again... When you buy on Coinbase you lock in the price when you place the order. Title: Re: exchanges - disparity of price Post by: Kouye on November 18, 2013, 10:55:20 PM When you buy on Coinbase you lock in the price when you place the order. Yes, but they tend to cancel your trade when it's not in their favor after a few days. ;)Title: Re: exchanges - disparity of price Post by: Keyser Soze on November 18, 2013, 10:58:29 PM When you buy on Coinbase you lock in the price when you place the order. Yes, but they tend to cancel your trade when it's not in their favor after a few days. ;)Title: Re: exchanges - disparity of price Post by: Kouye on November 18, 2013, 11:00:46 PM Personally haven't had a trouble with them, but I hear some people have. That's how you run a scam. Fuck 20%, please 80%. :)Title: Re: exchanges - disparity of price Post by: marcotheminer on November 18, 2013, 11:02:59 PM It sucks, such a big price gap
Title: Re: exchanges - disparity of price Post by: Pangia on November 18, 2013, 11:17:41 PM Mark Kerpeles of MtGox is leading the way! Which way would that be? Towards the exit with our USD? |