Thanks Danny
So does that allow a "Trader" to sell their bitcoins on one exhange and buy bitcoins at a lower price on another exchange? Just trying to understand the buy / sell basis. D
>They are all accurate.
>Each site has a different price, and they accurately report their price.
That is Bitcoin arbitrage, a trading strategy, buying bitcoins from an exchange where the price is low and selling it at an exchange where the price is high. It's a good strategy to make some quick bucks, but you need to have both bitcoin and cash on the right exchanges at the right time. Difference in price, verifications, cash deposit, transaction confirmation time, difference in fees, a slight delay is enough to lose the arbitrage opportunity.