Huge arbitrage opportunity at Tradehill

[MyFarm]

Why isn't anyone taking advantage of the tradehill arbitrage opportunity?  Right now someone is bidding 16.0 on Tradehill.  Sell there, buy back on Mt Gox for less than 15 and boom, you're in quick and easy money.

I'm surprised nobody has been taking advantage of this sort of stuff.

[Sukrim]

Well... why don't you?

[Astro]

Arbitrage is hard when the volume on TH is literally 100 BTC per day.

[MyFarm]

Well... why don't you?

No BTC to sell there, just cash waiting to buy.  Otherwise I would.

[lemonginger]

high transaction costs and limits to liquidity I think -- once it becomes easier to buy and sell these will largely disappear

[Astro]

TH needs to release its API if they want to see the trade volume of mtgox.

[gigitrix]

Yes. Bitcoincharts.com is my home, would love to see some more data points than MtGox and Britcoin.

[MyFarm]

high transaction costs and limits to liquidity I think -- once it becomes easier to buy and sell these will largely disappear

For a spread like this, transaction costs are a drop in the bucket.  And lack of liquidity is what CREATES this opportunity.

[Sukrim]

By the way, the 16 USD offer is gone already while I'm still waiting for my funds to get enough blocks to clear...

At least I got already 11 Bitcents from just ~1 USD of referrals after a few trades!