huge arbitrage opportunity

grue (OP)

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huge arbitrage opportunity

June 29, 2011, 02:42:31 PM

#1

tradehill price: 17 USD
cavirtex price: 16 CAD (1 CAD = 0.97107 USD)
amount available for under 17 CAD: 248.1016 btc

It is pitch black. You are likely to be eaten by a grue.

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stic.man

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Re: huge arbitrage opportunity

June 29, 2011, 02:58:31 PM

#2

what are your profits after all the fees there? pennies?

grue (OP)

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Re: huge arbitrage opportunity

June 29, 2011, 03:40:54 PM

#3

Quote from: stic.man on June 29, 2011, 02:58:31 PM

what are your profits after all the fees there? pennies?

cavirtex is fee free, and trade hill has 0.3%.

It is pitch black. You are likely to be eaten by a grue.

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dinzy

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Re: huge arbitrage opportunity

June 29, 2011, 04:44:44 PM

#4

I would hardly define that as huge.

Nagle

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Re: huge arbitrage opportunity

June 29, 2011, 06:24:55 PM

#5

All the Bitcoin exchanges pay out cash rather slowly. So you can't sell on exchange A, move your cash quickly, buy on exchange B, and repeat, using the same capital. That cycle takes days, rather than minutes. This limits arbitrage.

Ellen Alemany

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Re: huge arbitrage opportunity

June 30, 2011, 01:57:29 AM

#6

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smell

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Re: huge arbitrage opportunity

June 30, 2011, 05:41:03 AM

#7

Not to mention that cavirtex does not take deposits at the moment of anything except bitcoin.