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Lopumbo
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September 15, 2017, 05:50:24 PM |
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Can anybody explain to me the huge price difference of 500$ between China and USD? Is the market this inefficient?
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COCA COLA MAN
Newbie
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Activity: 21
Merit: 0
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September 15, 2017, 05:56:30 PM |
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Can anybody explain to me the huge price difference of 500$ between China and USD? Is the market this inefficient?
No need of explanation, just arb some  |
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JimboToronto
Legendary
Offline
Activity: 4200
Merit: 4914
You're never too old to think young.
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September 15, 2017, 05:57:42 PM |
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Can anybody explain to me the huge price difference of 500$ between China and USD? Is the market this inefficient?
Because of recent FUD regarding Chinese exchanges, many Chinese investors and traders are panicked. Hence the low price. Also, China has serious capital controls which restrict CNY/USD exchange. Hence no arbitrage. |
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explorer
Legendary
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Activity: 2016
Merit: 1259
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September 15, 2017, 06:01:10 PM |
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hmmmm, is everybody seeing sigs disabled right now...or just me?
Only for the last 4 years or so... It's a feature, not a bug  |
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jbreher
Legendary
Offline
Activity: 3052
Merit: 1665
lose: unfind ... loose: untight
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September 15, 2017, 06:04:54 PM |
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there is far better tech that will provide complete anonymity,
yes... and this tech can and will be added on top of bitcoin
Not convinced. It is not clear to me that anonymity can be bolted on at an upper layer. Seems to me anonymity needs to be a fundamental construct at the lowest layer. For argument's sake, how exactly do you see this working? |
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conspirosphere.tk
Legendary
Offline
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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September 15, 2017, 06:05:21 PM |
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Most of my coins are anonymous. I haven't used an exchange since 2013.
As soon as I can sell my AltcoinCash anonymously OTC or through an ATM, I'll continue to hold them to protect the anonymity of my precious bitcoins.
Why being anon? You're in an hotbed of human rights (however they define them).  |
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jbreher
Legendary
Offline
Activity: 3052
Merit: 1665
lose: unfind ... loose: untight
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September 15, 2017, 06:07:06 PM |
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Why should I buy something if my currency is more worth tomorrow.
Because you value access to that thing today. |
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sgk
Legendary
Offline
Activity: 1470
Merit: 1002
!! HODL !!
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September 15, 2017, 06:11:45 PM |
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OK, I am here. Where is my daily dose of Chinese FUD?
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1116
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September 15, 2017, 06:29:01 PM |
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Why being anon? You're in an hotbed of human rights (however they define them). We buy our shitholes prefab from the same factories you get yours. We're really not that special. |
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profitgenerator212
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September 15, 2017, 06:29:20 PM |
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I think price will go down to 2000$, I'd not buy into BTC until 2500$. I think this is a sucker's rally those who buy now above 3000$.
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Meuh6879
Legendary
Offline
Activity: 1512
Merit: 1012
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September 15, 2017, 06:36:06 PM |
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Why should I buy something if my currency is more worth tomorrow.
Because you value access to that thing today.  |
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empowering
Legendary
Offline
Activity: 1078
Merit: 1441
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September 15, 2017, 06:41:55 PM |
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Can anybody explain to me the huge price difference of 500$ between China and USD? Is the market this inefficient?
No need of explanation, just arb some Good luck getting fiat onto a Chinese exchange for that arb play |
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empowering
Legendary
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Activity: 1078
Merit: 1441
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September 15, 2017, 06:52:47 PM |
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 but I needs me some uncertainties for my doooms 
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Last of the V8s
Legendary
Offline
Activity: 1652
Merit: 4392
Be a bank
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September 15, 2017, 06:53:18 PM |
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empowering
Legendary
Offline
Activity: 1078
Merit: 1441
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September 15, 2017, 06:55:31 PM
Last edit: September 15, 2017, 07:09:55 PM by empowering |
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 Good for a laugh |
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Wekkel
Legendary
Offline
Activity: 3108
Merit: 1531
yes
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September 15, 2017, 07:48:12 PM |
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Mythul
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September 15, 2017, 07:49:28 PM |
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FOR THE TRUE OLD SCHOOL HODLERS. MEMBER THIS?
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moneymaker11
Newbie
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Activity: 24
Merit: 0
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September 15, 2017, 07:50:34 PM |
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lol USD 700 dollar higher than CNY. One of these will see a big correction. Question is which one.
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ragnar0k
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September 15, 2017, 07:50:34 PM |
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How is it possible to have a gap between $ and CNY of almost 1000$?
I might get worried for when China wakes up...
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ragnar0k
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September 15, 2017, 07:52:03 PM |
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lol USD 700 dollar higher than CNY. One of these will see a big correction. Question is which one.
Spooky. We posted the same question in the same second  |
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