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Author Topic: Why are the exchanges so intertwined?  (Read 2539 times)
obocaman
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September 04, 2014, 05:47:32 PM
 #21

What the hell is intertwined?  Grin
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September 05, 2014, 04:08:55 AM
 #22

Yea people are always watching the price in hopes of taking advantage of these kinds of situations.  I've been around at the right time myself and have been amazed by how fast the price will fluctuate from exchange to exchange.  Now you know to move fast when the opportunity arises.   Also don't forget that the chat boxes of full of people talking about how to make money so one post could alert many people if there is a difference in price from exchange to exchange.
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September 05, 2014, 06:15:28 PM
 #23

They are not intervened, whales moving prices isnt "intervened."
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September 05, 2014, 10:09:47 PM
 #24

They are not, do you know its the real free market? fiat is intervened, not crypto markets.
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September 07, 2014, 12:07:02 PM
 #25

What the hell is intertwined?  Grin

A word other posters are confusing with "intervened" Wink

"Intertwined" is connected together (possibly loosely) - think of several lengths of twine (string, thin cord, yarn, etc) jumbled up, and then pulling on the end of one piece - it'll make the other pieces of twine move too. It's quite a good analogy for the loose coupling between exchanges, IMO.

This space intentionally left blank.
lihuajkl
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September 07, 2014, 01:41:35 PM
 #26

the market force (supply and demand)makes them interwind, which means their price move the same direction at the limited range. otherwise like MtGox, its price departed too much from the market average price and monopolies the price, and ended up going to bankruptcy.

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November 11, 2014, 01:54:30 AM
 #27

The Bitcoin world is linked, if there won't fall the price like others, it would lost much.

/done/.
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November 11, 2014, 08:32:26 PM
 #28

in the stock market a great deal going on exchange value of the currency is going very fast, we must be cautious in predicting whether the value of a currency will rise or fall, rise or fall of a currency depends on how many requests to sell or buy the currency, the more traders buy a currency, the value of the currency will be getting up, and when more and more the trader sells a currency, the value of the currency will fall ...  Cool
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November 12, 2014, 05:03:18 PM
 #29

If the price changes on an exchange then the change is seen very quickly on other exchanges? Why is this? Do the exchanges ensure this or the users? Or is it bots which access many exchanges at once?

I can't see users reacting so quickly to a price changes and actually implementing those changes on other exchanges.

If there is arbitrage, people or bots are going to quickly make use of it.
This results in price stabilization across exchanges.
BootstrapCoinDev
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November 12, 2014, 05:39:53 PM
 #30

Yep, transfer fiat to bitstamp, and btc to bitfenix, buy at 400 on bitstamp, get btc out of bitstamp, and simultaneously sell btc at 409 on bitfenix, rinse and repeat. at times get btc out of bitstamp and send them to bitfenix, get the fiat out of bitfenix and send to bitstamp. these are all the needed steps for a roundtrip. you have utilized the spread of 10% only once, but for more than one of the steps you have to pay a percentage on the full amount.

RobertDJ
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November 13, 2014, 04:08:56 AM
 #31

If the price changes on an exchange then the change is seen very quickly on other exchanges? Why is this? Do the exchanges ensure this or the users? Or is it bots which access many exchanges at once?

I can't see users reacting so quickly to a price changes and actually implementing those changes on other exchanges.

If there is arbitrage, people or bots are going to quickly make use of it.
This results in price stabilization across exchanges.
This is exactly correct. It is not that the various exchange are connected to eachother, it is that market participants are going to "correct" the prices on the different exchanges if one price differs from other exchanges too much, provided that the exchange can be sufficiently trusted
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November 13, 2014, 04:12:55 PM
 #32

Yep, transfer fiat to bitstamp, and btc to bitfenix, buy at 400 on bitstamp, get btc out of bitstamp, and simultaneously sell btc at 409 on bitfenix, rinse and repeat. at times get btc out of bitstamp and send them to bitfenix, get the fiat out of bitfenix and send to bitstamp. these are all the needed steps for a roundtrip. you have utilized the spread of 10% only once, but for more than one of the steps you have to pay a percentage on the full amount.

Low level technique.

There are some other high level arbitrage techniques that doesn't involve moving fiat and hence raise some pretty bad red flag with your local bank.
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