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Why is there many bitcoin exchange!
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Topic: Why is there many bitcoin exchange! (Read 956 times)
Anunnthorn
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Why is there many bitcoin exchange!
February 20, 2014, 05:43:21 AM
#1
Could someone please explain why is there so many bitcoin exchange, each trading price doesn't seem to correlate between different exchange, aren't all bitcoin the same value?
Lauda
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Re: Why is there many bitcoin exchange!
February 20, 2014, 05:49:43 AM
#2
You mean, why are there only a few exchanges?
Use the search button, this was asked already many times (why the prices differ).
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
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DeathAndTaxes
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Gerald Davis
Re: Why is there many bitcoin exchange!
February 20, 2014, 05:56:10 AM
#3
Quote from: Anunnthorn on February 20, 2014, 05:43:21 AM
Could someone please explain why is there so many bitcoin exchange, each trading price doesn't seem to correlate between different exchange, aren't all bitcoin the same value?
Why isn't there only one gold shop in the entire world? Who needs 2 or 2,000?
keithers
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Re: Why is there many bitcoin exchange!
February 20, 2014, 06:15:38 AM
#4
There actually aren't enough exchanges. Think of how many exchanges there are, and then think of how many countries there are. There isn't even 1 exchange for every 3 countries. There isn't even really a major exchange for each continent.
freedomno1
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Re: Why is there many bitcoin exchange!
February 20, 2014, 06:17:18 AM
#5
Arbitrage exists based on liquidity and the ability to transfer coins easily between them
Security concerns sometimes impact prices like with gox leading to different prices
Believing in Bitcoins and it's ability to change the world
hilariousandco
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Re: Why is there many bitcoin exchange!
February 20, 2014, 11:18:08 AM
#6
Quote from: Anunnthorn on February 20, 2014, 05:43:21 AM
Could someone please explain why is there so many bitcoin exchange, each trading price doesn't seem to correlate between different exchange, aren't all bitcoin the same value?
1 Bitcoin is worth 1 Bitcoin, so yes, they are all the same value, but people pay different prices for them with fiat. Are all items the same price in different stops too?
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DubFX
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Re: Why is there many bitcoin exchange!
February 20, 2014, 11:19:15 AM
#7
it's a good thing from my view.
Lauda
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Re: Why is there many bitcoin exchange!
February 20, 2014, 10:18:01 PM
#8
Quote from: DubFX on February 20, 2014, 11:19:15 AM
it's a good thing from my view.
The more the better.
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Re: Why is there many bitcoin exchange!
February 20, 2014, 10:20:14 PM
#9
We need at least 1 exchange for each currency, and there just isn't enough for them.
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Re: Why is there many bitcoin exchange!
February 20, 2014, 10:27:40 PM
#10
Quote from: jbrnt on February 20, 2014, 10:20:14 PM
We need at least 1 exchange for each currency, and there just isn't enough for them.
Each currency? That would take forever.
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Re: Why is there many bitcoin exchange!
February 20, 2014, 10:54:29 PM
#11
Quote from: LaudaM on February 20, 2014, 10:27:40 PM
Quote from: jbrnt on February 20, 2014, 10:20:14 PM
We need at least 1 exchange for each currency, and there just isn't enough for them.
Each currency? That would take forever.
Yeah, that would be a new exchange every day. Have you tried clicking "show unread posts since last visit" lately? An exchange for each currency would make crypto look like a joke to the entire world...
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