Bitstamp now $44 behind Chinese exchanger

[Flomess]

I'm always amazed by those spreads, arbitrage should surely be profitable with those conditions, and i've heard of quite a few bots capable of doing it by themselves.
So why is none doing it as soon as spreads like those appear?
 

[synthgauge]

I'm always amazed by those spreads, arbitrage should surely be profitable with those conditions, and i've heard of quite a few bots capable of doing it by themselves.
So why is none doing it as soon as spreads like those appear?
 

I do arb sometimes. Note, its dangerous to store big sums on chinese exchanges if u are not a chinese. If they find out ur country is not in the qualified list of counties theyre bound to serve, they may lock u out of that account.

[lolikop]

Another question how come huobi and okcoin never got hacked like mtgox bitstamp and finex

It will happen in the future expect  bloody waterfallls when it does fake or not its only a matter of time

[richardsNY]

Another question how come huobi and okcoin never got hacked like mtgox bitstamp and finex

It will happen in the future expect  bloody waterfallls when it does fake or not its only a matter of time

Well, we will never know whether or not these exchanges have been hacked if they don't admit it themselves, or when they don't seem to have any problems like MtGox had for example. If they keep operating like they always do, then they can keep it hidden basically for years and years. It also depends on the number of coins being stolen. If it's "just" a few thousand, then nothing will happen to these exchanges. If it's about hundreds of thousands of coins, then it's different of course.

[Slark]

If you think this spread is huge you should monitor some local exchanges. Price difference might be as big as $120 in some cases.
For example in India when government decided demonetize 500 and 1000 rupee notes Bitcoin price skyrocketed to $881.

Reference: https://www.cryptocoinsnews.com/india-bitcoin-premium-reaches-20/

[panju1]

If you think this spread is huge you should monitor some local exchanges. Price difference might be as big as $120 in some cases.
For example in India when government decided demonetize 500 and 1000 rupee notes Bitcoin price skyrocketed to $881.

Reference: https://www.cryptocoinsnews.com/india-bitcoin-premium-reaches-20/

The problem with price differences in India and China is that there is no way to arbitrage them. Both countries have capital controls and the bureaucracy can be ruthless on people who try to violate them.

[Sithara007]

Another question how come huobi and okcoin never got hacked like mtgox bitstamp and finex

It will happen in the future expect  bloody waterfallls when it does fake or not its only a matter of time

Most of the hackers are either Chinese or Russian. And that is the reason why Chinese exchanges such as Huobi and Russian exchanges such as BTC-e never gets hacked. They employ these hackers to protect their wallets from robbery. 

[alyssa85]

I'm always amazed by those spreads, arbitrage should surely be profitable with those conditions, and i've heard of quite a few bots capable of doing it by themselves.
So why is none doing it as soon as spreads like those appear?
 

You can arbitrage on western exchanges, but hard to do a western-eastern exchange arb because eastern countries have capital controls.

Suppose you bought bitcoin on bitstamp and transferred the bitcoin to a chinese exchange and sold it for £30 higher. Then what? How do you get your fiat out of a chinese exchange given China has capital controls? You'd have to leave it there and hope bitcoin's price in China goes below that of the western exchanges, and then you can buy bitcoin and transfer it west. But the price in china might always remain higher, in which case you are stuffed.

[upsidedown75]

You can arbitrage on western exchanges, but hard to do a western-eastern exchange arb because eastern countries have capital controls.

Suppose you bought bitcoin on bitstamp and transferred the bitcoin to a chinese exchange and sold it for £30 higher. Then what? How do you get your fiat out of a chinese exchange given China has capital controls? You'd have to leave it there and hope bitcoin's price in China goes below that of the western exchanges, and then you can buy bitcoin and transfer it west. But the price in china might always remain higher, in which case you are stuffed.

It would be too hard to do arbitrage trading by involving fiats. In my experience arbitrage trading is well effective only when we are dealing with digital currencies/crypto currencies.

But whenever we are going for fiats, at least as per my country laws, I am exposing myself into government taxes and other regulations, that might become a problem at any point of time so I'm not going for arbitrage trading with bitcoin/fiats trading.

[vFdFJO]

It's happening again.

[veleten]

forget China!
if you looked at Indian exchanges not so long ago,bitcoin was traded at 840-890$
and there were volumes,so people were actually BYING at 850$ and up
now that the excitment caused by the 500/1000 notes exchange has somewhat subsided,the prices returned to more or less normal
yet there is a 50-60$ margin still,so supply and demand theory works,at least at bitcoin exchanges 

[CyberKuro]

https://bitcoinwisdom.com/

Bitstamp 729.76
 BTC-e 720.73
 Bitfinex 731.05
Huobi 752.01/5170.46

There will always be gap between two exchange platforms not only between chinese and non-chinese platform. Price in btc-e, bitstamp and bitfinex also differs always which most of the time depends upon the trading volume, number of traders, deposit/withdraw option trading platform have. This is normal..

As long as bitcoin market, trading and exchanges, also China miners lead the way on these area there will be a gap due to bitcoin transaction there is higher even in Western countries and America also have good development of bitcoin.

[alyssa85]

You can arbitrage on western exchanges, but hard to do a western-eastern exchange arb because eastern countries have capital controls.

Suppose you bought bitcoin on bitstamp and transferred the bitcoin to a chinese exchange and sold it for £30 higher. Then what? How do you get your fiat out of a chinese exchange given China has capital controls? You'd have to leave it there and hope bitcoin's price in China goes below that of the western exchanges, and then you can buy bitcoin and transfer it west. But the price in china might always remain higher, in which case you are stuffed.

It would be too hard to do arbitrage trading by involving fiats. In my experience arbitrage trading is well effective only when we are dealing with digital currencies/crypto currencies.

But whenever we are going for fiats, at least as per my country laws, I am exposing myself into government taxes and other regulations, that might become a problem at any point of time so I'm not going for arbitrage trading with bitcoin/fiats trading.

And that is why the prices in pure crypto currency - say BTC/ETH or BTC/DOGE are the same on most exchanges. The arb has evened them out.

[vFdFJO]

not again!!!

[Red-Apple]

not again!!!

WOW
BitStamp: 760
OkCoin: 788

this is starting to look like the good old days of Chinese being the front runner of bitcoin price and other western exchanges following it up. now i am starting to strongly believe $800 is possible this month like a piece of cake.

[BitHodler]

not again!!!

WOW
BitStamp: 760
OkCoin: 788

this is starting to look like the good old days of Chinese being the front runner of bitcoin price and other western exchanges following it up. now i am starting to strongly believe $800 is possible this month like a piece of cake.

Chinese exchanges aren't very far from reaching $800 at this point, but people want western exchanges to reach $800, otherwise it doesn't mean anything for people.

If you look closely, then the gap will remain at least $10-$20 in most of the situations, so if we want western exchanges to touch $800, Chinese exchanges must reach $820.

Bitfinex is usually closer to the price on Chinese exchanges compared to Bitstamp and the mostly very conservative BTC-E.

BTC-E however seems to adapt more and more to what is happening over at Bitfinex instead of being a follower of Bitstamp. That's an interesting development.

[alyssa85]

not again!!!

WOW
BitStamp: 760
OkCoin: 788

this is starting to look like the good old days of Chinese being the front runner of bitcoin price and other western exchanges following it up. now i am starting to strongly believe $800 is possible this month like a piece of cake.

The thing is, there are so many contradictory things going on.

The Chinese yuan is falling, and some Chinese might want to get their money into bitcoin to preserve it's value.

The Italians are voting today on a constitutional referendum, and if the govt loses they could resign, which might create turmoil in the markets.

On the other hand, the US economy is doing great and the Fed meets on Dec 13th and will likely raise interest rates. That should strengthen the dollar against gold and other currencies.

So the big question is, which is the strongest force? If it is the strengthening dollar, then bitcoin's price should drop. But if it is the desperation of the rest of the world to get their money out, and they can't buy dollars directly, they might buy bitcoin..

This confusion is what makes bitcoin fun!

[Przemax]

All those talks about Yuan falling makes me laugh. Folks. China goverment and whole China in general view it as problem if their currency is going up, not down. Its bad for buisness for them. So if you hear someone saying that Chineese are wanting to preserve the value of their currency its not a news. It was the same in 2015, 2014, 2013 etc etc. Nothing new. And yeah usa doing great is not a news as well they keep saying that since 2009.

[vFdFJO]

It's happening again!

[CoinCidental]

It's happening again!

its ALWAYS happening lol
but not many people are willing to send their btc into china or india to perhaps sell it for a higher price
because if they lock your account for any reason bullshit capital control reason  you are pretty likely
to lose the lot .........