Anunnthorn (OP)
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February 20, 2014, 05:43:21 AM |
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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?
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Lauda
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February 20, 2014, 05:49:43 AM |
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You mean, why are there only a few exchanges?
Use the search button, this was asked already many times (why the prices differ).
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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DeathAndTaxes
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Gerald Davis
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February 20, 2014, 05:56:10 AM |
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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? |
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keithers
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This is the land of wolves now & you're not a wolf
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February 20, 2014, 06:15:38 AM |
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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.
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freedomno1
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Learning the troll avoidance button :)
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February 20, 2014, 06:17:18 AM |
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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
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Believing in Bitcoins and it's ability to change the world
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hilariousandco
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Join the world-leading crypto sportsbook NOW!
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February 20, 2014, 11:18:08 AM |
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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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February 20, 2014, 11:19:15 AM |
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it's a good thing from my view.
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Lauda
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February 20, 2014, 10:18:01 PM |
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it's a good thing from my view.
The more the better. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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jbrnt
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February 20, 2014, 10:20:14 PM |
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We need at least 1 exchange for each currency, and there just isn't enough for them.
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Lauda
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February 20, 2014, 10:27:40 PM |
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We need at least 1 exchange for each currency, and there just isn't enough for them.
Each currency? That would take forever. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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keithers
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This is the land of wolves now & you're not a wolf
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February 20, 2014, 10:54:29 PM |
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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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