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Author Topic: CAVirtex is a joke right now....  (Read 958 times)
favelle75 (OP)
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April 01, 2014, 07:28:05 AM
 #1

Extreme low-balling in both BTC and LTC prices. The CDN dollar is only worth 90% of the US dollar yet prices across the board for BTC/CDN and LTC/CDN are lower than BTC-e and Bitstamp. I hope none of my fellow Canadians are being duped to sell at these prices (they shouldn't be selling now anyways)....

On the bright side, there could be some serious arbitrage to be done in the right hands...

_Crypto made easier than cash_

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Velkro
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April 01, 2014, 03:22:55 PM
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there is reason that there is no arbitrage, too much risk
just dont use it Smiley
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April 01, 2014, 03:46:59 PM
 #3

I wish VOS prices where that low.. I'd buy.
5thStreetResearch
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April 01, 2014, 04:07:39 PM
 #4

Extreme low-balling in both BTC and LTC prices. The CDN dollar is only worth 90% of the US dollar yet prices across the board for BTC/CDN and LTC/CDN are lower than BTC-e and Bitstamp. I hope none of my fellow Canadians are being duped to sell at these prices (they shouldn't be selling now anyways)....

On the bright side, there could be some serious arbitrage to be done in the right hands...

Low prices is a joke?  Why not load up on bitcoin at these depressed levels then?  Is there an issue with withdrawing from the site?

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April 01, 2014, 10:10:46 PM
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Extreme low-balling in both BTC and LTC prices. The CDN dollar is only worth 90% of the US dollar yet prices across the board for BTC/CDN and LTC/CDN are lower than BTC-e and Bitstamp. I hope none of my fellow Canadians are being duped to sell at these prices (they shouldn't be selling now anyways)....

On the bright side, there could be some serious arbitrage to be done in the right hands...

Low prices is a joke?  Why not load up on bitcoin at these depressed levels then?  Is there an issue with withdrawing from the site?

Nope. I for one have been loving this. 300 coin sell order seems to be the culprit.
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April 01, 2014, 10:38:01 PM
 #6

Extreme low-balling in both BTC and LTC prices. The CDN dollar is only worth 90% of the US dollar yet prices across the board for BTC/CDN and LTC/CDN are lower than BTC-e and Bitstamp. I hope none of my fellow Canadians are being duped to sell at these prices (they shouldn't be selling now anyways)....

On the bright side, there could be some serious arbitrage to be done in the right hands...

Low prices is a joke?  Why not load up on bitcoin at these depressed levels then?  Is there an issue with withdrawing from the site?

Nope. I for one have been loving this. 300 coin sell order seems to be the culprit.

Is there any way to trade on there from the US?  Im guessing there is not but that discount is pretty significant.  Would make for a nice arb opportunity.

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April 01, 2014, 10:40:13 PM
 #7

Extreme low-balling in both BTC and LTC prices. The CDN dollar is only worth 90% of the US dollar yet prices across the board for BTC/CDN and LTC/CDN are lower than BTC-e and Bitstamp. I hope none of my fellow Canadians are being duped to sell at these prices (they shouldn't be selling now anyways)....

On the bright side, there could be some serious arbitrage to be done in the right hands...

Low prices is a joke?  Why not load up on bitcoin at these depressed levels then?  Is there an issue with withdrawing from the site?

Nope. I for one have been loving this. 300 coin sell order seems to be the culprit.

Is there any way to trade on there from the US?  Im guessing there is not but that discount is pretty significant.  Would make for a nice arb opportunity.

No, Canadian only exchange.
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April 02, 2014, 12:43:05 AM
 #8

This has happened a lot over the last two years. CAVirtex has been overrun more often than not by polar bears. My theory is that cold winters combined with relatively low electricity prices makes Canada a much better than average place to mine BTC. The result is that Canada is a net exporter of BTC leading to lower prices.  A similar argument can be made for LTC.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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April 02, 2014, 04:24:12 AM
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This has happened a lot over the last two years. CAVirtex has been overrun more often than not by polar bears. My theory is that cold winters combined with relatively low electricity prices makes Canada a much better than average place to mine BTC. The result is that Canada is a net exporter of BTC leading to lower prices.  A similar argument can be made for LTC.

Wait until after the spring thaw and the bulls will drive out those polar bears and grizzlies.  Cool
ArticMine
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April 02, 2014, 06:03:35 AM
 #10

This has happened a lot over the last two years. CAVirtex has been overrun more often than not by polar bears. My theory is that cold winters combined with relatively low electricity prices makes Canada a much better than average place to mine BTC. The result is that Canada is a net exporter of BTC leading to lower prices.  A similar argument can be made for LTC.

Wait until after the spring thaw and the bulls will drive out those polar bears and grizzlies.  Cool

Over the years I have learned to really appreciate these polar bears, since they have assisted me greatly in building up my BTC portfolio. I mean back in 2012 it was rally good to pay say 4.78 USD rather than say 5.02 USD per BTC. It actually worked all through the summer. These uniquely Canadian bears rarely went into hibernation.

I expect in later years others will also learn to appreciate their activity this summer also. 

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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