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Author Topic: Bitcoin Rate in Thai Baht and US are not similar  (Read 731 times)
zenepay
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October 15, 2015, 04:35:27 PM
 #1

Hi
Has anyone buy bitcoins from your country and sell oversea?
What exchange rate will be? Where mostly we can make profit.

In Thailand recently Bitcoin grow too fast. People trade like stock market.
But I looked the blockchain site the rate does not change too much.

Should we buy from somewhere and sell in Thailand to make profit?
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October 15, 2015, 04:49:58 PM
 #2

It depends on what the prices are on your country from another. If you converted it to USD, you can weigh what profits you the most. Also keep in mind that some other exchanges do not cater buyers from overseas unless there is a method in which you can pay via btc without the risk of chargebacks. Abd the fees you might incur, too. Better to short your bitcoins rather than buy from another country and sell into your local currency.

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n2004al
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October 15, 2015, 05:01:55 PM
Last edit: October 22, 2015, 07:59:12 AM by n2004al
 #3

Hi
Has anyone buy bitcoins from your country and sell oversea?
What exchange rate will be? Where mostly we can make profit.

In Thailand recently Bitcoin grow too fast. People trade like stock market.
But I looked the blockchain site the rate does not change too much.

Should we buy from somewhere and sell in Thailand to make profit?

I don't think that it will be practically possible even the prices will be the needed different. Normally the difference should be very few so, having in mind various fees that hold every exchange during an transaction and/or the send and deposit of bitcoins, adding here the time needed to sent bitcoins from an exchange to another (some time are even various restrictions too) I think it will be not possible to earn. Or maybe very little amounts. Even you will play with big amounts. But you must follow all the principal exchanges yourself and make the right decisions. Only the seriousness ones. Because to act with the others may be risky.
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October 15, 2015, 05:15:38 PM
 #4

Hi
Has anyone buy bitcoins from your country and sell oversea?
What exchange rate will be? Where mostly we can make profit.

In Thailand recently Bitcoin grow too fast. People trade like stock market.
But I looked the blockchain site the rate does not change too much.

Should we buy from somewhere and sell in Thailand to make profit?

Yes you can, rates for every exchanges is different, so you can do what called arbitrage.
yayayo
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October 15, 2015, 05:30:16 PM
 #5

i think the arbitrage opportunities for Bitcoin are still huge - not only between countries but also within the same country. The reason is that there are so many different exchanges which (unlike the stock exchanges) are not accessible via a unified interface. The problem is however the time it needs to transfer funds between different exchanges, so in many cases it will be difficult to realize a arbitrage opportunity.

The easiest way to generate income from arbitrage might be doing exchange <--> local (in person) arbitrage, because the local Bitcoin market tends to adjust slower to price movements than the exchanges.

ya.ya.yo!
gentlemand
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October 15, 2015, 07:47:28 PM
 #6

Buying with fiat will always be the thing that restricts something like that. If only there was a way to move money anywhere in the world in less than an hour...

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October 15, 2015, 08:37:50 PM
 #7

Price of BTC varies depending of the demand.

Since usually move money into or out of the country is not easy and not cheap, then the difference may be significative, more as more closed is the country's economy

techsuvidha
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October 18, 2015, 05:34:23 PM
 #8

There are slight difference in bitcoin prices in various currency. You may go for arbitrage but your transactions should be high, only then you could get some profit!
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