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BTCjust (OP)
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September 13, 2014, 05:20:29 AM |
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I watched for a long time, BTC-e price is always the lowest in the last two years,  but it is strange that LakeBTC which the latecomer actually been able to maintain a relatively high price.  Both exchanges I have is being used, but I can't found the causes of price gap. What causes the BTC-e perennial lowest price? And why LakeBTC always at a high price? |
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AccessDenied12
Newbie
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Activity: 3
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September 13, 2014, 07:13:19 AM |
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Some exchanges cost more to withdraw etc and in hidden-ish fees which makes the actual cost higher? Not sure if that would reflect on the value though if I'm honest...
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User705
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First 100% Liquid Stablecoin Backed by Gold
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September 13, 2014, 07:17:03 AM |
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Btc-e is where the eastern european crowd cashes out  so lots of btc but less fiat. Western/bigger exchanges is more incoming retail buyers so lots of fiat but less btc because some btc sellers might believe their info gets recorded by big brother etc... |
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Malin Keshar
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September 13, 2014, 07:47:39 AM |
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There is no more such differences at the moment.
I don't know why they appeared, I don't know why they are gone, just that they existed and now don't exist anymore
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Mieehayii
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September 13, 2014, 09:37:24 AM |
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Some exchanges cost more to withdraw etc and in hidden-ish fees which makes the actual cost higher? Not sure if that would reflect on the value though if I'm honest...
the cost of BTC-e is more expensive than LakeBTC. https://bitcointalk.org/index.php?topic=695082.0 |
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liquidiser
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September 13, 2014, 11:54:07 AM |
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BTC-e has very low volume compared to LakeBTC. You can soon push the price down if you try selling big amounts of coins there.
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Dalmar
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September 13, 2014, 12:24:48 PM |
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BTC-e has high deposit fees (1%), this translates into less buying pressure. Hence, the price difference with exchanges with no deposit fees like Bitstamp and Bitfinex.
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jjacob
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September 14, 2014, 02:22:54 PM |
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because arbitrage between exchanges is really not easy.  |
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Jamacn
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September 15, 2014, 06:48:13 AM |
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BTC-e has high deposit fees (1%), this translates into less buying pressure. Hence, the price difference with exchanges with no deposit fees like Bitstamp and Bitfinex.
1% is the cheapest fee of deposit on BTC-e |
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Bejkn
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September 15, 2014, 08:08:27 AM |
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BTC-e has very low volume compared to LakeBTC. You can soon push the price down if you try selling big amounts of coins there.
In comparison, LakeBTC is a littler exchange BTC-e volume has about 3,000 a day, but with only less than 2000 at LakeBTC When 5,000 volume on LakeBTC, BTC-e has almost 8,000 volume |
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titulng
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HubrisOne
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September 15, 2014, 09:36:15 AM |
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because arbitrage between exchanges is really not easy. this is the result and not the cause |
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intighet
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mene mene tekel upharsin
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September 15, 2014, 03:57:07 PM |
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because arbitrage between exchanges is really not easy. this is the result and not the cause It is certainly the cause. If moving funds between exchanges was free of costs, the arbitrage opportunities would represent free money. Taking advantage of these opportunities would close the pricing gaps and equalize the exchanges. |
Malus pro bono surrepat, et bonus pro malo displiceat; fallaces enim sunt rerum species, quibus credidimus.
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gog1
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September 16, 2014, 01:20:43 AM |
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There's not only exchange fee, but moving $ from banks to exchange / okpay (other similar thing online) also cost $. A 2% spread is not worth the effort / slippage / fees, etc.
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Jamacn
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September 16, 2014, 07:49:49 AM |
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is lakebtc price the highest? I'm sure you've never been concerned about the localbitcoins price   |
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w4ssop
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September 16, 2014, 07:51:32 AM |
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The spread between exchanged is used by aribitrage traders to earn some coins, it's a nice job but you have to move big amounts of money.
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Nrcewker
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September 16, 2014, 10:01:11 AM |
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The spread between exchanged is used by aribitrage traders to earn some coins, it's a nice job but you have to move big amounts of money.
consider where the cost There's not only exchange fee, but moving $ from banks to exchange / okpay (other similar thing online) also cost $. A 2% spread is not worth the effort / slippage / fees, etc.
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giveBTCpls
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September 16, 2014, 05:53:16 PM |
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The reason for the price differences are fees for transferring between the bitcoin exchanges (you have to transfer both, bitcoins and fiat currency for a complete cycle) and fees for trading bitcoins against fiat currencies.
Because of the arbitrage traders, who make profits as long as the price difference is big enough, the prices on different exchanges quickly adjust to be right at the border between where the fees eat up the earning and where you make profits.
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GreenCoin22
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September 17, 2014, 03:52:57 AM |
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is lakebtc price the highest? I'm sure you've never been concerned about the localbitcoins price Why is the price so high on localbitcoins |
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freedomno1
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September 17, 2014, 04:14:26 AM |
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Localbitcoins offers a premium for the time it takes to meet up with someone in person
And the convenience of not having to spend 2 to 4 weeks getting all your AML/KYC information provided to the exchanges
The rest is either volume or fees that make those small arbitrage differences among the exchanges.
Tends to be around 1.5% between highest and lowest not including fee structures.
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