Bitcoin Forum
November 24, 2017, 08:54:19 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Massive price difference between Bitstamp and BTC-E  (Read 1116 times)
hjordan
Newbie
*
Offline Offline

Activity: 19


View Profile
November 21, 2013, 04:16:05 PM
 #1

I wondered in the past if there was an arbitrage opportunity between Mt. Gox and Bitstamp to buy on BS and sell on MG, but found out there wasn't as you couldn't withdraw funds from MG, which is why the price had been pushed up, as there was high demand to buy to get the coins out.

Now there is a huge difference between BS and BTC-E (as much as $80 difference in the last day). These differences would normally be pounced upon by arbitrage traders and quickly close, but they're not. Is this a genuine arbitrage opportunity?
If not -- as it seems too good to be true -- what is going on? I know BS have had trouble with their site lately, but if you're able to get your funds out then it looks like you can just buy on BTC-E and sell on BS.
Join ICO Now A blockchain platform for effective freelancing
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
SgtSpike
Legendary
*
Offline Offline

Activity: 1358



View Profile
November 21, 2013, 04:17:36 PM
 #2

I wondered in the past if there was an arbitrage opportunity between Mt. Gox and Bitstamp to buy on BS and sell on MG, but found out there wasn't as you couldn't withdraw funds from MG, which is why the price had been pushed up, as there was high demand to buy to get the coins out.

Now there is a huge difference between BS and BTC-E (as much as $80 difference in the last day). These differences would normally be pounced upon by arbitrage traders and quickly close, but they're not. Is this a genuine arbitrage opportunity?
If not -- as it seems too good to be true -- what is going on? I know BS have had trouble with their site lately, but if you're able to get your funds out then it looks like you can just buy on BTC-E and sell on BS.
I think this is an issue with bitstamp right now - people are having trouble withdrawing their funds from the exchange.
hjordan
Newbie
*
Offline Offline

Activity: 19


View Profile
November 21, 2013, 04:25:08 PM
 #3

That's exactly what I though, although BS say on their FB page that their banking issue is now resolved, so maybe you can still arbitrage trade for now, but there may be a backlog in withdrawing for the time being.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!