Bitcoin trade

[Raffy11]

Bitcoin trade is Unlike stock markets, there are no official Bitcoin exchanges. Instead, there are hundreds of exchanges around the world that operate 24/7. Because there is no official Bitcoin exchange, there is also no official Bitcoin price. This can create arbitrage opportunities, but most of the time exchanges stay within the same general price range. So we can exchange bitcoin anytime anywhere.

[1714759092]

1714759092

[TheCoinFinder]

Obviously, there is no official price for bitcoin and no official exchange that can officially come with a fixed market rate.
What i analysed is that in some countries like zimbabwe and india, bitcoin price is very different than general rates.
If we see the market, it is $8200 per bitcoin but in zimbabve, it is already trading by $13000.
While in india, bitcoin is traded between the price range of $8500-$9000.

[S.coastapps]

Yes, I Totally agree with thecoinfinder! There is no official rate of Bitcoin in the trade market.

[okala]

Though bitcoin has no central market for exchange were price are regulated within buyer and seller and many are taking advantage of it to make arbitrage trading there is still general accepted price areas par time. Traders take this general trading area to make their trading decisions.

[imadmirer]

Unlike stock bitcoin is 24/7 and unlike forex, bitcoin and crypto trading has no fixed market rate. And this opens up a lot of possibilities.

If a regular trader is involved in more than 4 or 5 exchanges including fiat besides alt coins, Arbitrage trading shows a lot of promising opportunities. They invest some in promising coins, but trade whenever they find any arbitrage opportunities.

[karungbitcoin]

Yes different country and different exchange, the price of Bitcoin also different. So will be possible to do arbitrage but the problem is when Bitcoin confirmation transaction is too long , and also not all exchange provide methode deposit  in Bitcoin, any some exchange only provide deposit  only in fiat. Then some exchange also required verification ID , so will be not efisien when we should be create ahundreed account of exchange.

[Gategold]

Bitcoin trade is Unlike stock markets, there are no official Bitcoin exchanges. Instead, there are hundreds of exchanges around the world that operate 24/7. Because there is no official Bitcoin exchange, there is also no official Bitcoin price. This can create arbitrage opportunities, but most of the time exchanges stay within the same general price range. So we can exchange bitcoin anytime anywhere.

Each exchange has different characteristic, which very good for some trading strategy. It's about how many bitcoin is traded every day and other factors.

[timikulit]

this is a good idea. Is there anybody doing this set-up

Selling and Buying bitcoin on different exchanges?

Is it profitable. despite of bitcoin high transaction fees?

[DaMut]

this is a good idea. Is there anybody doing this set-up

Selling and Buying bitcoin on different exchanges?

Is it profitable. despite of bitcoin high transaction fees?

if you have the requirement you will get an instant profit for every transaction,
but arbitrage is not easy as we're talking about because we need to fullfill the requirements,
for example zimbabwe exchanges offer us $13000 for every Bitcoin that we have,
while our average price around $8200 at the moment,it's very easy but the question is how can you encash your money from their exchanges ?
that is the problem that we face when we're doing the arbitrage,
it's all not about the fees,
also indian exchanges offer us $10000 for every Bitcoin that we have a few days ago,
but nobody can sell it in there because they can not encash it.
so selling it from different exchanges is not an easy as we think,unlike we're buying or selling it from different exchanges but using same currency

[timikulit]

^

So the main problem is how to encash your bitcoin from their country.

How about buying other crypto from their exchange then send it to your wallet. (ETH,DASH or XMR)

I think that is possible.

[Koadharber]

Bitcoin trade is Unlike stock markets, there are no official Bitcoin exchanges. Instead, there are hundreds of exchanges around the world that operate 24/7. Because there is no official Bitcoin exchange, there is also no official Bitcoin price. This can create arbitrage opportunities, but most of the time exchanges stay within the same general price range. So we can exchange bitcoin anytime anywhere.

So what are you trying to prove here? I know that most Bitcoin or altcoin traders do know this fact which is actually true, Bitcoin has no official price and exchangers prices do really differ depending on the demand on where those exchange been located but most of them do have the nearly the same rate.Arbitrage is possible but would really be difficult since not all exchangers do have the same protocol or requirements specially if you do transact on bulks.

[xenxen]

yes bitcoin trade is different from stock market because in bitcoin you dont need more requirements for your broker although this is no official price because of have more exchanger site...

[valying]

yes bitcoin trade is different from stock market because in bitcoin you dont need more requirements for your broker although this is no official price because of have more exchanger site...

So you think bitcoin trading is easily ? Yeah, i guess you're losing much in trading or you have no knowledges about trading bitcoin for sure.

[TravelMug]

Bitcoin trade is Unlike stock markets, there are no official Bitcoin exchanges. Instead, there are hundreds of exchanges around the world that operate 24/7. Because there is no official Bitcoin exchange, there is also no official Bitcoin price. This can create arbitrage opportunities, but most of the time exchanges stay within the same general price range. So we can exchange bitcoin anytime anywhere.

Obviously, by now everyone knows how bitcoin exchanges work and there are no official exchanges because bitcoin is decentralizes. I mean by official price, you are implying that there should be a stable price? It won't happened as its exchanges have their own way of computing what each exchanges price will be.

Its good though for day traders because they can simply take advantage of it, even do arbitrage to profit. Just like mentioned above me, India and Zimbabwe prices are above the current average price. I understand Zimbabwe because they are in economic turmoil and buying bitcoin is to store their wealth and hedge important products. Not familiar with India though.

[bitcoinisbest]

this is a good idea. Is there anybody doing this set-up

Selling and Buying bitcoin on different exchanges?

Is it profitable. despite of bitcoin high transaction fees?

This is an arbitrage where you buy/sell between different exchanges or sites etc. It will depend upon the exchanges on which you are trading what are their fees, btc incoming fees etc.. Each country do have their exchanges and their transaction fees are different. So you would have to calculate based on exchanges you plan to trade to make this opportunity a viable option.

[Mister1k]

Bitcoin trade is Unlike stock markets, there are no official Bitcoin exchanges. Instead, there are hundreds of exchanges around the world that operate 24/7. Because there is no official Bitcoin exchange, there is also no official Bitcoin price. This can create arbitrage opportunities, but most of the time exchanges stay within the same general price range. So we can exchange bitcoin anytime anywhere.

There is no patent or copy right taken in the name of bitcoin anyone until our satoshi comes to the real world. Till that time you will never find the any official site to have the bitcoin value or official exchange exclusive for bitcoin alone. In the forum you may find the satoshi profile says that the founder and his early posts also will be there to confirm it. Likewise there is no proof from the satoshi's invention in the value chart and exchanges as of now.

You can exchange bitcoin into other cryptos or even fiat currencies. However, trading is like a gambling you may face the both the profit and losses at all the time.

[TeamUpcoin]

The concept of having a centralized BitCoin exchange contradicts the nature of blockchain.

The market should decide the price, as it does now. Multiple exhanges, constant price fluctuations - that's the way it should be.

[erickkyut]

Bitcoin trade is Unlike stock markets, there are no official Bitcoin exchanges. Instead, there are hundreds of exchanges around the world that operate 24/7. Because there is no official Bitcoin exchange, there is also no official Bitcoin price. This can create arbitrage opportunities, but most of the time exchanges stay within the same general price range. So we can exchange bitcoin anytime anywhere.

Yes it is more convenient to trade in the crypto market rather than the stock market because we can do it everytime and anywhere as long as there is an internet connection but it is five times riskier than the stock market. Crypto market is more volatile than stock market. It is fluctuating and changing every minute. Since Bitcoin market is riskier, it can give you higher return.

[haroldtee]

Obviously, there is no official price for bitcoin and no official exchange that can officially come with a fixed market rate.
What i analysed is that in some countries like zimbabwe and india, bitcoin price is very different than general rates.
If we see the market, it is $8200 per bitcoin but in zimbabve, it is already trading by $13000.
While in india, bitcoin is traded between the price range of $8500-$9000.

Zimbabwe is a very good reference as bitcoin is trading far above market value. However, we have to understand that some factors really made this to be like that. The government totally banning international transactions made those in Zimbabwe unable to pay merchants abroad and also the USD low supply within the country which is what they adopted since the Zimbabwean currency became useless.
Ability to even do any arbitrage here is impossible, as the only way you can get your USD in any of the exchange is if you have a Zimbabwean account since any international transaction cannot be done unless you are willing to wait until the government remove the ban.

[Yadstiker]

Obviously, there is no official price for bitcoin and no official exchange that can officially come with a fixed market rate.
What i analysed is that in some countries like zimbabwe and india, bitcoin price is very different than general rates.
If we see the market, it is $8200 per bitcoin but in zimbabve, it is already trading by $13000.
While in india, bitcoin is traded between the price range of $8500-$9000.

Zimbabwe is a very good reference as bitcoin is trading far above market value. However, we have to understand that some factors really made this to be like that. The government totally banning international transactions made those in Zimbabwe unable to pay merchants abroad and also the USD low supply within the country which is what they adopted since the Zimbabwean currency became useless.
Ability to even do any arbitrage here is impossible, as the only way you can get your USD in any of the exchange is if you have a Zimbabwean account since any international transaction cannot be done unless you are willing to wait until the government remove the ban.

You certainly do have a point out there. It just clearly shows how valuable it is in the other country, we might say its too expensive and would think who would dare to buy those bitcoins in their country, but listen up, think about the worth, it is that important to them.