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Author Topic: Different value of Bitcoin  (Read 219 times)
Ozero
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August 30, 2018, 05:15:56 AM
 #21

Why are prices different on different platforms? The BTC/USD on Bitcoin.com is different from Bitfinex, also different at Poloniex. One could buy at lower price from platform A and sell at higher price at platform B, right?
Yes this is true. You can buy bitcoin on the exchange, where it is currently cheaper and sell it on another exchange, where its price will be more expensive. However, you need to take into account that both when buying bitcoin, and when selling it, you pay a certain fee and it is necessary that it does not exceed the difference between prices on exchanges. In addition, it is also necessary to take into account that the price of bitcoin may fall during this time and it will not be profitable to sell it. It will be necessary to expect its rise.

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August 30, 2018, 05:27:04 AM
 #22

the important thing you forgot to mention was "how much different" because a little difference is understandable. the markets are not connected to each other directly. so when more buys or sells happen in an exchange its price changes more  compared to others. for example as above comment says $75 difference is a lot but it is unrealistic and possible he made a mistake because according to bitcoinwisdown.com price is like this:
bitfinex: 6316
bitstamp: 6314
coinbase: 6320

you see the difference is $4 which is only 0.06% and negligible.

there is also a lot of other factors to consider. for example price can be extremely high on an exchange that nobody uses like Yobit price of bitcoin is usually higher because it is a shady exchange that nobody uses. or sometimes the exchange that has a big difference has an issue. for instance Wex (new btc-e) has a much higher bitcoin price because you can neither deposit nor withdraw anything for more than 2 weeks now.

ps. you mentioned bitcoin.com, make sure the price you are looking at is bitcoin price not bitcoin cash price. they are known to sell bitcoin-cash to people instead of bitcoin!

I like how you presented scenarios affecting such price of bitcoin in an exchange. I highlighted in blue which for me are perfect examples of actual happenings in the crypto market. Who would send their bitcoins in an exchange that you don't know if you can get it back again? Making their bitcoin's price relatively higher as compared to others.

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spartan82
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August 30, 2018, 05:39:41 AM
 #23

Bitcoin price is not stable. Bitcoin is any time to change the price. It good future investment. But people before invest check the price values in the market place. Then you know the price. If price will be low that time invest. Next time bitcoin price increase that time sell. It help to people future growth. So people believe the bitcoin.

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August 30, 2018, 05:49:53 AM
 #24

the market is what creates prices so that the difference between one market and another is sure to happen. if we are going to play with a price difference on one market with another market on just one coin it's a good step to get profit

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August 30, 2018, 06:00:02 AM
 #25

Buying and selling at different exchanges is called arbitrage. It's a fairly common concept in trading. It is almost always not as profitable as you think due to exchange fees and withdrawal fees, and not without risk due to the fact that a fluctuation in price between your buy and sell actions can completely eliminate any profit.
You're partly right, but I disagree with you, for one reason. If the fluctuations in 1-5% is quite a large amount that can cover all costs and bring profit. There are also such exchanges that allow you to earn on arbitration. For Example Cryptaldash

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August 30, 2018, 06:53:12 AM
 #26

Their are both different exchange sites and at that their price can never be the same, but the differences will not be that much it will still remains within a cycle. Bitcoin. Com is the world most popular exchange and bitfinix as a young exchange will look for means to gain market popularity so at that it will give friendly price.

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August 30, 2018, 07:37:17 AM
 #27

Here the bitcoin prices changes with different of opinion and some platforms estimate the bitcoin to usd according to their demand and supply of bitcoin while some check with volatility and some other check with the bitcoin transactions to USD daily so different prices comes.

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August 30, 2018, 07:45:26 AM
 #28

the important thing you forgot to mention was "how much different" because a little difference is understandable. the markets are not connected to each other directly. so when more buys or sells happen in an exchange its price changes more  compared to others. for example as above comment says $75 difference is a lot but it is unrealistic and possible he made a mistake because according to bitcoinwisdown.com price is like this:
bitfinex: 6316
bitstamp: 6314
coinbase: 6320

you see the difference is $4 which is only 0.06% and negligible.

there is also a lot of other factors to consider. for example price can be extremely high on an exchange that nobody uses like Yobit price of bitcoin is usually higher because it is a shady exchange that nobody uses. or sometimes the exchange that has a big difference has an issue. for instance Wex (new btc-e) has a much higher bitcoin price because you can neither deposit nor withdraw anything for more than 2 weeks now.

ps. you mentioned bitcoin.com, make sure the price you are looking at is bitcoin price not bitcoin cash price. they are known to sell bitcoin-cash to people instead of bitcoin!

I like how you presented scenarios affecting such price of bitcoin in an exchange. I highlighted in blue which for me are perfect examples of actual happenings in the crypto market. Who would send their bitcoins in an exchange that you don't know if you can get it back again? Making their bitcoin's price relatively higher as compared to others.

well these exchanges still have their user base, so maybe saying "nobody" was a bit overstating.
for example Yobit still has the signature campaign and they are getting paid in their Yobit account, some trade with that amount. there is also some altcoins that can only be found only there. and additionally they don't ask for any form of KYC so there are some people who want that and go there. but it is still a pretty bad exchange and shady which means their volume will be low although the reported volume is high and fake.

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August 30, 2018, 08:22:53 AM
 #29

it depends on crypto trading, because each market has a different trading volume, binance, ETHFINEX, BITFINEX is a very good exchange, the trading volume there, is very large, different with mercatox, because mercatox is in position 50.

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August 30, 2018, 08:37:51 AM
 #30

Bitcoins have a lot of value, as you know that bitcards can be stored as well as traded as gold. Bitrate trading will bring you savings thanks to low transaction costs and speed. Fast transactions
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August 30, 2018, 08:52:16 AM
 #31

Buying and selling at different exchanges is called arbitrage. It's a fairly common concept in trading.

if you do it between exchanges it is called Arbitrage and it is not at all common. in fact it is one of the rarely used strategies in trading because of the risks and the fact that the profit although possible, will always be small and doesn't worth the effort.














 

 

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August 30, 2018, 08:52:47 AM
 #32

Each exchange has different volume and different number of users, they also offer different costs per transaction.
In effect this brings about different prices on different exchanges, and allows arbitrage trading.

And this is not perculiar to bitcoins, but cryptocurrencies in general.
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August 30, 2018, 09:11:09 AM
 #33

Why are prices different on different platforms? The BTC/USD on Bitcoin.com is different from Bitfinex, also different at Poloniex. One could buy at lower price from platform A and sell at higher price at platform B, right?
indeed that is the case and thus allows us to trade by making profits in accordance with our thinking and their prices are different, of course because of trade and investors that affect it

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August 30, 2018, 09:12:38 AM
 #34

Buying and selling at different exchanges is called arbitrage. It's a fairly common concept in trading. It is almost always not as profitable as you think due to exchange fees and withdrawal fees, and not without risk due to the fact that a fluctuation in price between your buy and sell actions can completely eliminate any profit.
You're partly right, but I disagree with you, for one reason. If the fluctuations in 1-5% is quite a large amount that can cover all costs and bring profit. There are also such exchanges that allow you to earn on arbitration. For Example Cryptaldash

True, but a 5% fluctuation can also go the other way, and either eliminate any profit or even end up meaning you lose money on the trade. It's not risk free.


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August 30, 2018, 09:16:08 AM
 #35

Why are prices different on different platforms? The BTC/USD on Bitcoin.com is different from Bitfinex, also different at Poloniex. One could buy at lower price from platform A and sell at higher price at platform B, right?

Because the price is set by the market and price is formed depending on supply and demand. Each of the exchanges is a separate mini market

Fairly right answer.

Consider all the exchangers as crypto space which is separated from the other exchanger (crypto space) with the specific volume or more or less different volume than the other one. Each of them have different volume because of its user base being different one. Some of them have more users thus giving them more trading volume either 24 hours or forever volume. This creates difference between rise and down of the volume. Thats why the melodrama of different prices.
Could it also be that some exchange reduce the price to attract more attention and patronage? Because the competition is high and there could be some strategies that upcoming exchanges will adopt to be relevant in the market.

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August 30, 2018, 10:58:27 AM
 #36

interesting topic they are right, it all depends on stock demands and everything news even a facts and a fud.
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August 30, 2018, 11:16:24 AM
 #37

What are the values of Bitcoin? The Bitcoin value is still fairly high. But the Bitcoin market is down. That says there isn't a difference between the Bitcoin values.
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August 30, 2018, 11:44:39 AM
 #38

Bitcoin is still a very young type of asset for this they have high volatility. I think the more people will use it the less volatility becomes. I believe that the price of Bitcoin will rise.
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August 30, 2018, 11:46:39 AM
 #39

It is the most important feature of bitcoin thet the value of it is not fixed and also the market of it always running through high volatility,
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August 30, 2018, 02:04:27 PM
 #40

why is that different, because there is a bargain in buying and selling bitcoin
in an exchanger offered at a different price on another exchanger and with a different trading volume, so there must be a price difference on each exchanger, even though it is actually not much different.

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