errornone (OP)
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August 04, 2015, 02:16:19 PM |
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Why btce has always lower bitcoin price than every other exchange?
example:
Btce 280usd Bitstamp 284usd Coinbase 285usd
This happens everytime. Maybe it has higher fees than others? (I dont think this is the cause)
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Quickseller
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August 04, 2015, 02:33:46 PM |
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They are generally more discrete then the other major exchanges in terms of verification requirements in order to withdraw funds. As a result, people who have privacy in mind are going to sell on btc-e although people will less frequently be concerned about privacy when buying Bitcoin so there are less people buying on btc-e
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errornone (OP)
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August 04, 2015, 03:10:01 PM |
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But usually the market fix this situations, this lower price attract more buyers and the price rise to the market average... But this is not happening.
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Quickseller
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August 04, 2015, 03:12:17 PM |
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The difference in price is small, only around 1.5% and money cannot be moved from exchange to exchange efficiently (or cheaply) so arbitrage is not heavily used.
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errornone (OP)
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August 04, 2015, 03:37:49 PM |
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Ok thank you
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CoinBateman
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August 04, 2015, 04:46:19 PM |
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Getting fiat in and out of btc-e is rather difficult.
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@CoinBateman | Killer Crypto Instinct
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BTCjust
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August 05, 2015, 05:28:05 AM |
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fiat deposits' and withdrawsls' fees on btc-e is high, so people usually entry and exit btc-e via bitcoin, no one would to withdraw fiat on btc-e, so.
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randy8777
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August 05, 2015, 09:16:10 AM |
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btc-e orderbook is very thin. a few wealthy traders can manipulate the price the way they want. but i find btc-e price often more realistic than other exchanges.
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