$55 arb opp

[annette786]

Price is over $400 in China, but $345 on bitstamp.  WTF? 

The Chinese can get an $8 RC car for my kid to my doorstep and make profit, and we can't export a bitcoin?

[Elwar]

By the time you transfer your coins to BTCChina, cash out and get it into an account to put on bitstamp the price will be beyond $400.

[superduh]

$80 difference between btc china and btc-e!!! people can make a killing with no exposure to long term prices.. crazy
if btc china had litecoins i'm sure that the gap would be smaller

[pera]

Maybe they are manipulating the price?

[XxionxX]

By the time you transfer your coins to BTCChina, cash out and get it into an account to put on bitstamp the price will be beyond $400.

+1

 

I think OH YEAH ARB TIME!! And then I remember the bugs in fiat...

[bitnewfly]

Hi Chinese bitcoin fellows.  There is big gap between BTC and BTC-china now. I can transfert the trrading among them: RMB, Dollars....
PM me if you need any help, we can work together.

[Vycid]

I believe it's very difficult to remit RMB from China, and thus the arbitrage. If things cool off a bit, the gap should close.

[fghj]

if btc china had litecoins i'm sure that the gap would be smaller

Nope, litecoin doesn't have magical ability to transmute CNY to USD at rate closer than bitcoin to that used to calculate this gap.

The Chinese can get an $8 RC car for my kid to my doorstep and make profit, and we can't export a bitcoin?

Apparently someone buying bitcoin on our side of the wall, selling them beyond the wall and paying for stuff he wants imported not only saves on fees but also gets like 12% discount for exchange rate. I guess that's the price of risk of getting caught in volatility (like some definitely doing this were caught in april).

[piramida]

There is a rule of thumb - the harder it is to get fiat out of exchange, the higher the BTC value at that exchange is.

[Vycid]

There is a rule of thumb - the harder it is to get fiat out of exchange, the higher the BTC value at that exchange is.

It's quite easy to get RMB out of BTCChina.

But as I said, it is quite difficult to get RMB out of China (and hence back to the other exchanges).