Why is BTC value significantly different among exchangers?

[quone17]

It's not "arbitrage," it's that the arbitrage costs are too high. You can wait months to get your money because the price will have changed so much. If it was really easy to get money out of all the exchanges then the price difference would be basically non existent.

[cozytrade]

He's going to test for us how quickly a Japanese national can get his fiat out to a Japanese bank account.

It takes 2 weeks to transfer to a Japanese bank.

[cozytrade]

Fly to japan, get a free vacation. 0 risk.

Wow, big risk 

[bitpop]

He's going to test for us how quickly a Japanese national can get his fiat out to a Japanese bank account.

It takes 2 weeks to transfer to a Japanese bank.

Let's do a group sell, arbitrage this mother fuckrr and standardize the price. The only thing that keeps exchanges the same is arbitrage and us brave souls will do it.

[AndersAA]

Let's do a group sell, arbitrage this mother fuckrr and standardize the price. The only thing that keeps exchanges the same is arbitrage and us brave souls will do it.

Would be fun to close that abomination down - though we will probably never see our BTCBTCBTC again *SIGH*

[bitpop]

Let's do a group sell, arbitrage this mother fuckrr and standardize the price. The only thing that keeps exchanges the same is arbitrage and us brave souls will do it.

Would be fun to close that abomination down - though we will probably never see our BTCBTCBTC again *SIGH*

Are you willing to die for Bitcoin?

[AndersAA]

Are you willing to die for Bitcoin?

There's another thread for that: https://bitcointalk.org/index.php?topic=421463.0

...but nah, freedom in general - maybe.

[empoweoqwj]

It's not "arbitrage," it's that the arbitrage costs are too high. You can wait months to get your money because the price will have changed so much. If it was really easy to get money out of all the exchanges then the price difference would be basically non existent.

And the risk that gox goes out of business whilst you are in the middle of attempting a big arb. And there is a risk, because gox doesn't know the f*** what it is doing. If it did, it would let people take fiat out.

[bitpop]

Idk but somebody needs to arbitrage them to standardize that mother fucker

[empoweoqwj]

Idk but somebody needs to arbitrage them to standardize that mother fucker

My man in Toyko is working on it now

[samson]

Am I the only one who still doesn't get it? Why don't billionaires buy a crapload of BTC elsewhere for 800$ elsewhere and sell them for 900$ on mtgox?? To me it sounds like an almost instant 12.5% profit with a 6 week payout time?
Do we expect mtgox to take the money and run?

Pretty much

People like you have been saying this since last summer 

[empoweoqwj]

Am I the only one who still doesn't get it? Why don't billionaires buy a crapload of BTC elsewhere for 800$ elsewhere and sell them for 900$ on mtgox?? To me it sounds like an almost instant 12.5% profit with a 6 week payout time?
Do we expect mtgox to take the money and run?

Pretty much

People like you have been saying this since last summer 

But effectively they have taken the money. They are holding onto peoples $$$$ illegally. Gox can't say "processing withdrawal" on the website and then refuse to answer support questions about why after six months no money ever gets sent out. That's theft in itself. How many millions of dollars do you think they have now of peoples' money waiting for fiat withdrawals? Are you saying these will ever happen?