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Author Topic: Arbitrage Opportunity at Bitcoin7  (Read 776 times)
datguywhowanders
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June 30, 2011, 04:51:35 AM
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There is currently 433.7018 BTC priced at $16.50 over at Bitcoin7.com. This is the second such noticeable difference that I've seen in the last couple of days.

I'm wondering who would sell their BTC at $16.50 when they can get $16.85 or $17 at another exchange? Is this an attempt by the folks owning B7 to draw in new customers or is it an attempt by a idealistic Bitcoin supporter who wants to reduce the exchange single point of failure?

Has anyone on the forum taken advantage of these opportunities when they presented themselves? And, can anyone speak positively about their interactions on Bitcoin7?

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iBug
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June 30, 2011, 10:41:36 AM
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A few hours ago there was a drop down to $ 14.30.
Luckily I had placed a few buy orders before and so I got some BTC at $ 16.00 and about 50 BTC at $ 15.xx  Wink
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June 30, 2011, 07:45:41 PM
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There is currently 433.7018 BTC priced at $16.50 over at Bitcoin7.com. This is the second such noticeable difference that I've seen in the last couple of days.

I'm wondering who would sell their BTC at $16.50 when they can get $16.85 or $17 at another exchange? Is this an attempt by the folks owning B7 to draw in new customers or is it an attempt by a idealistic Bitcoin supporter who wants to reduce the exchange single point of failure?

Has anyone on the forum taken advantage of these opportunities when they presented themselves? And, can anyone speak positively about their interactions on Bitcoin7?

The larger the quantity of something you're selling, the more you may want to discount the cost in relation to top market price, so that you can liquidate quickly. That's all. It's not a Bitcoin7 conspiracy.

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