|
Title: Bitcoin price discrepancy at different exchanges Post by: jdndndndx on January 13, 2014, 04:51:15 AM Why is there a nearly $100 price difference between BTC prices at Mt. Gox and Coinbase?
Ignorant question: If this price difference exists why can't I just buy BTC all day at one exchange and sell it at the higher priced exchange? I'm new so please just assume ignorance on my part. ;) Title: Re: Bitcoin price discrepancy at different exchanges Post by: keithers on January 13, 2014, 05:24:53 AM some of it has to do with how easy or difficult is is to get money on and off of the exchange
Title: Re: Bitcoin price discrepancy at different exchanges Post by: Nagle on January 13, 2014, 05:49:22 AM Why is there a nearly $100 price difference between BTC prices at Mt. Gox and Coinbase? Because you can't get dollars out of Mt. Gox. They've been in default for over six months. See this thread (https://bitcointalk.org/index.php?topic=179586.0). Title: Re: Bitcoin price discrepancy at different exchanges Post by: patricktim on January 13, 2014, 05:52:11 AM what about price difference between Mt. Gox and btc-e?
Title: Re: Bitcoin price discrepancy at different exchanges Post by: Lauda on January 13, 2014, 05:56:34 AM Use the search button in the future, this has been asked many times over.
Title: Re: Bitcoin price discrepancy at different exchanges Post by: darcimer on January 13, 2014, 05:58:27 AM I can't even get the bitcoins I deposited back. :(
Title: Re: Bitcoin price discrepancy at different exchanges Post by: ranran1102 on January 13, 2014, 06:01:42 AM dears, i agree with yr idea, so therefore what's yr location ? different place has different price, what do you think of to use BTC to be purchase something useful valuable else ? Title: Re: Bitcoin price discrepancy at different exchanges Post by: illpoet on January 13, 2014, 08:36:36 AM yeah pretty much everyone has asked the btc-e/mtgox question when they first get into it. many many ppl have tried to work out an arbitage situation but its very difficult. There was a small window of time when you could easily get usd onto btc-e from the united states and also get bitcoins/usd off of mtgox easily/quickly and the price difference pretty much disappeared overnight. Then bitinstant stopped funding btc-e.com and the price dif went back up. then mtgox started defaulting/taking forever to wire money to the us and the price dif went drastically up. The truth is its damn near impossible to get usd onto btc-e if you are a us citizen. Theres been much speculation that the btc-e admins do this intentionally bc they are afraid of uncle sam, and they should be. Mtgox's current problems are 100 percent due to us govt interference. Whatever the reason, the difficulty is what drives the price on btc-e down and the price on mtgox up. So there you have it. There are actually pretty decent arbitage opportunities now if you look towards the newer/smaller exchanges springing up that are us regulator friendly like coinmkt.com or litetree.com but to do it you have to have a good amount of btc/ltc already.
Title: Re: Bitcoin price discrepancy at different exchanges Post by: kwoody on January 13, 2014, 09:49:59 AM MtGox has held some of my money hostage for a while now. $8,125.78 USD and 29.66 BTC.
Almost enough money to make me want to fly over to Japan and smack them around a bit. Almost. Title: Re: Bitcoin price discrepancy at different exchanges Post by: bitpop on January 13, 2014, 01:35:27 PM Do it, it's called arbitrage.
Title: Re: Bitcoin price discrepancy at different exchanges Post by: nestor on January 13, 2014, 07:01:00 PM They just do this, so we can have fun with arbitrage ;-)
|