Why so much spread in price today!

[pooya87]

I am talking about everywhere else other than bitfinex:
GDAX: $1420
Bitstamp: $1360
btc-e: $1312
Kraken: $1353
Gemini: $1370
itbit: $1379
CEX.io: $1356
https://bitcoinaverage.com/en/currency-markets/btc-to-usd

btc-e being lower is understandable!
but the rest of them are more or less the same as far as options go so why such a big difference? i am not an expert in arbitrage trading but there should be some opportunities among all these prices in different exchanges! i mean there is $67 difference between GDAX and Kraken! What The Hell

[FiendCoin]

I am talking about everywhere else other than bitfinex:
GDAX: $1420
Bitstamp: $1360
btc-e: $1312
Kraken: $1353
Gemini: $1370
itbit: $1379
CEX.io: $1356
https://bitcoinaverage.com/en/currency-markets/btc-to-usd

btc-e being lower is understandable!
but the rest of them are more or less the same as far as options go so why such a big difference? i am not an expert in arbitrage trading but there should be some opportunities among all these prices in different exchanges! i mean there is $67 difference between GDAX and Kraken! What The Hell

Probably something to do with disbelief 

[Vaskiy]

This varies with the exchange services, because everywhere profiting is the major concern. For this some might quote an added price tag, and some a little less price. So the users will move with the one that provides the convenience and the satisfaction in the security aspects and some exchanges charge big for the escrow service which is the cause for price difference between these.

[pooya87]

This varies with the exchange services, because everywhere profiting is the major concern. For this some might (1)quote an added price tag, and some a little less price. So the users will move with the one that provides the convenience and the satisfaction in the security aspects and some exchanges charge big for the (2)escrow service which is the cause for price difference between these.

i have no idea what you are talking about!
(1) they don't "quote an added price tag" it is real price in real orders with real bitcoin and fiat changing hand and you can see it in real time on their very real exchange platform.
(2) care to explain what you mean by "escrow service"

[ethereumhunter]

I am talking about everywhere else other than bitfinex:
GDAX: $1420
Bitstamp: $1360
btc-e: $1312
Kraken: $1353
Gemini: $1370
itbit: $1379
CEX.io: $1356
https://bitcoinaverage.com/en/currency-markets/btc-to-usd

btc-e being lower is understandable!
but the rest of them are more or less the same as far as options go so why such a big difference? i am not an expert in arbitrage trading but there should be some opportunities among all these prices in different exchanges! i mean there is $67 difference between GDAX and Kraken! What The Hell

i think its depend on how much traders that trading in each of the sites and if there is any spread from one site into another, i think its good to do arbitrage trading but we need to thinking about the time to make deposit so we don't missed the right time to sell. but for me, i would not doing arbitrage trading because i have bad experience when i want to send btc into destination wallet and i need to waited too long and after i receive in destination wallet, the price is down or equal from the first wallet.

[Humanxlemming]

I am talking about everywhere else other than bitfinex:
GDAX: $1420
Bitstamp: $1360
btc-e: $1312
Kraken: $1353
Gemini: $1370
itbit: $1379
CEX.io: $1356
https://bitcoinaverage.com/en/currency-markets/btc-to-usd

btc-e being lower is understandable!
but the rest of them are more or less the same as far as options go so why such a big difference? i am not an expert in arbitrage trading but there should be some opportunities among all these prices in different exchanges! i mean there is $67 difference between GDAX and Kraken! What The Hell

i think its depend on how much traders that trading in each of the sites and if there is any spread from one site into another, i think its good to do arbitrage trading but we need to thinking about the time to make deposit so we don't missed the right time to sell. but for me, i would not doing arbitrage trading because i have bad experience when i want to send btc into destination wallet and i need to waited too long and after i receive in destination wallet, the price is down or equal from the first wallet.

For me Bitcoin is too hard to arbitage because of the super slow to confirmed our transaction (TXID). Well its much more realible to arbitage other altcoin that have super fast to confirmed our transaction like Ethereum (ETH) that its nice to arbitage but as what we see ETH price is always the same in other exchanges

[michkima]

It will balance in the end as people will move from exchange to exchange because of this spread and most likely the exchanges will balance their selves out. This is a good opportunity for those people looking to do some arbitrage trading on these platforms.

[Pursuer]

For me Bitcoin is too hard to arbitage because of the super slow to confirmed our transaction (TXID). Well its much more realible to arbitage other altcoin that have super fast to confirmed our transaction like Ethereum (ETH) that its nice to arbitage but as what we see ETH price is always the same in other exchanges

first of all arbitrage doesn't work like that, you don't exactly withdraw and wait for the amount to get there to do the trading, it is so much different approach (google it and learn).

secondly when you withdraw you are doing it through the exchange and these services have been paying a high fee (from 100 in times like this up to 300 satoshi per byte when there is a spam attack) according to network so they all get a good and fast confirmation.

thirdly altcoin arbitrage with what you describe is so much worse. try it and you will see. you mostly get the problem of most altcoins being in maintenance mode in most exchanges so you can't really deposit/withdraw those with good opportunities.
and for big coins that have a running wallet you have the same problem as bitcoin: slow confirmation. yeah when you compare the 10 min block generation of bitcoin with a 10sec block generation of an altcoin you obviously think the altcoin is faster but when you deposit that altcoin to the exchange wallet you will have to wait for much more confirmation (I have seen 100 confirmation requirement for some altcoins) and in the end you'll end up waiting a longer wait.
and taking into consideration the highly volatile nature of altcoins, you will end up losing money.

[tokeweed]

I am talking about everywhere else other than bitfinex:
GDAX: $1420
Bitstamp: $1360
btc-e: $1312
Kraken: $1353
Gemini: $1370
itbit: $1379
CEX.io: $1356
https://bitcoinaverage.com/en/currency-markets/btc-to-usd

btc-e being lower is understandable!
but the rest of them are more or less the same as far as options go so why such a big difference? i am not an expert in arbitrage trading but there should be some opportunities among all these prices in different exchanges! i mean there is $67 difference between GDAX and Kraken! What The Hell

You missed Bitfinex and Okcoin USD which is supposed to be the two exchanges that are causing the large price spread between the all the other different exchanges.  Be fair and please post the prices quoted in them.

[YuginKadoya]

Well not all exchange rates sites, have the same bitcoin price but I think it depends on the service fee and the fee of their expense that compensate them that is why there are exchange rates like that, well I think they will settle some miner fees, investment fess, and they are not base on the same country I guess that is why I think that some are basing their exchange on the their currencies rates! that is what I think.

[alyssa85]

It's a bank holiday Monday in many parts of the world (because it's May 1st), and thus wire transfers won't be happening, and fiat isn't moving. Wait will Tuesday for normal service to resume.

[pooya87]

~
You missed Bitfinex and Okcoin USD which is supposed to be the two exchanges that are causing the large price spread between the all the other different exchanges.  Be fair and please post the prices quoted in them.

i intentionally "missed" them because these two exchanges are out of the game, both of them have serious problems with their banks and fiat going in or out of their exchange. so it is not a matter of being fair. all the other exchanges are working normally as always to my knowledge.
if you have any additional information please share with me.

[xIIImaL]

It's a bank holiday Monday in many parts of the world (because it's May 1st), and thus wire transfers won't be happening, and fiat isn't moving. Wait will Tuesday for normal service to resume.

Hey great speculation buddy, but feeling fear that bitcoin usally falls in high number whenever we see the sudden bump in the chart. I think we see the bitcoin price again 1200$ plus or lower than that. I am not in a holiday this day and I don't what is the occasion to off in the project in many parts of the world?. Is it any festival today to see this price difference.

[freebutcaged]

Probably because some idiots have lost their patience and are accumulating nonstop without considering the fluctuation in the price they're causing and you could as well consider this a natural course of events as new people and investors are entering in to crypto and not everyone goes using all the exchanges, so you might see these prices or maybe it's because of btc-e recently starting to block their clients asking for identification and even blocking crypto deposits and withdrawals.

[BitHodler]

It's mostly due to the market movers on each exchange that don't have much incentive to follow one or more exchanges.

It could be that they don't believe current growth is legit, or it could be done to create beneficial (for them) arbitrage opportunities. After all, it's a free market.

I am not that much in arbitrage trading myself, but I am sure that current spreads are being exploited as-we-speak. It's not for nothing that such spreads occur from time to time.

[talkbitcoin]

this is no surprise that BitStamp is once again lagging behind either. i have a felling that ever since BitFinex started rising up because of their situation, BitStamp also started going down on the opposite side and it usually has a lower price than all the rest. it maybe because of whales there don't want the price to rise for time-being and are fighting the whole market and failing(?)

it is worth mentioning that the difference between GDAX and Kraken is $39 so it seems like market is balancing out.
and GDAX has nearly half the volume now!!!

[Qartada]

Well GDAX has been having some kind of weird pump so I'm sure it'll even out due to arbitrage quickly enough.  The liquidity is pretty low so the price can be pumped easily and arbitrage will take a while to kick in.

Another important thing which hasn't been considered on here yet is the spread between the buy and sell price on these exchanges.  If you buy on Bitstamp and sell on GDAX, you won't get the $80 profit because the sell price will be lower than the buy price.  Also the fees and inconvenience of exchanging with fiat currency will mean that a larger spread between exchanges can happen as well.

Note:  BTC-E shouldn't be counted.  They're not accepting fiat deposits so you can't buy there.

[moviebuff777]

I am talking about everywhere else other than bitfinex:
GDAX: $1420
Bitstamp: $1360
btc-e: $1312
Kraken: $1353
Gemini: $1370
itbit: $1379
CEX.io: $1356
https://bitcoinaverage.com/en/currency-markets/btc-to-usd

btc-e being lower is understandable!
but the rest of them are more or less the same as far as options go so why such a big difference? i am not an expert in arbitrage trading but there should be some opportunities among all these prices in different exchanges! i mean there is $67 difference between GDAX and Kraken! What The Hell

What about Poloniex? The price on that site seems to be high. Possibly higher than any of these you have listed.

[tokeweed]

~
You missed Bitfinex and Okcoin USD which is supposed to be the two exchanges that are causing the large price spread between the all the other different exchanges.  Be fair and please post the prices quoted in them.

i intentionally "missed" them because these two exchanges are out of the game, both of them have serious problems with their banks and fiat going in or out of their exchange. so it is not a matter of being fair. all the other exchanges are working normally as always to my knowledge.
if you have any additional information please share with me.

But isn't that what's causing the wider spreads?  Those users in those exchanges have been buying BTC up with everything they have so they could withdraw since fiat withdrawals are blocked.  It's almost the same kind of scenario as Mtgox that occured years ago.

[pooya87]

~
You missed Bitfinex and Okcoin USD which is supposed to be the two exchanges that are causing the large price spread between the all the other different exchanges.  Be fair and please post the prices quoted in them.

i intentionally "missed" them because these two exchanges are out of the game, both of them have serious problems with their banks and fiat going in or out of their exchange. so it is not a matter of being fair. all the other exchanges are working normally as always to my knowledge.
if you have any additional information please share with me.

But isn't that what's causing the wider spreads?  Those users in those exchanges have been buying BTC up with everything they have so they could withdraw since fiat withdrawals are blocked.  It's almost the same kind of scenario as Mtgox that occured years ago.

wider spread between bitfinex and others yes, but spread between the exchanges i listed in my first post, no i don't think that can explain why this big spread is happening. i have a couple of theories of my own but i mostly wanted to hear what others have to say.
it has been shrinking ever since by the way.