I'm following the Bitcoin developments for some time now, and am about to jump in (waiting for my exchange accounts to get verified).
So, this is probably just a stupid question, but I can't get my head around it.
The buy/sell differences between the various exchanges can be very big. What would stop me from buying at, for example (and not considering the now offline mtgox) 1btc at $651 at bitstamp (which as per today is at $651/$642 buy/sell) and then selling that same bitcoin at another exchange that offers a better selling price, say Kraken (which i believe now is at $673/$670).
Presto, that's $30 per btc in the pocket for barely any effort (and i think i've seen bigger differences between exchanges)... But surely, it won't work that way?.
Damn, i feel like a noob
Can anyone enlighten me??
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