[Boards: 3 / a / aco / adv / an / asp / b / bant / biz / c / can / cgl / ck / cm / co / cock / d / diy / e / fa / fap / fit / fitlit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mlpol / mo / mtv / mu / n / news / o / out / outsoc / p / po / pol / qa / qst / r / r9k / s / s4s / sci / soc / sp / spa / t / tg / toy / trash / trv / tv / u / v / vg / vint / vip / vp / vr / w / wg / wsg / wsr / x / y ] [Search | Free Show | Home]

Price discrepancies in different markets.

This is a blue board which means that it's for everybody (Safe For Work content only). If you see any adult content, please report it.

Thread replies: 11
Thread images: 2

File: 1494036468221.jpg (110KB, 640x640px)
1494036468221.jpg
110KB, 640x640px
I am new to this. I have some questions about the pic.

1) What does it mean that there is such a huge price discrepancy?
2) Can this be abused? Is it illegal?
3) What would it be called to use this?

As I think about it, it would mean that I could buy 1 BTC for $1722 and then sell it at around $3400. Why is that not right?

Thanks.
>>
Here is the pic about the prices.
>>
>>2568958
If you could buy BTC at 1722 I'd say empty your life savings and do it.

But no one's selling for 1722 and no one's buying for 3400 so you're almost definitely retarded.
>>
It's called arbitage, you're looking at btc in 2 different currencies, you'll be competing with bots for milliseconds, you'll be raped by transaction fees. Go for it.
>>
>>2568958
If these prices represent real supply and demand, then go for it. It's called arbitrage. I made some good gains yesterday on arbitrage on folding coin between polo and bittrex.
>>
>>2568958
Perfectly legal
Doing this actually helps the markets to even out
You are taking advantage of their own discrepancies
But by the time your coins transfer and with fees, it's not as easy as it may seem
>>
Holy shit this might actually work. You could make infinite money like this
You're a genious OP
This is going to revolutionize finances
>>
>>2568985
> competing with bots for milliseconds
I don't know what that would mean.

> you'll be raped by transaction fees
When? Why?

>>2569006
> coins transfer and with fees

What fees?
>>
>>2569048
Fuck you.

I know that it cannot be so easy. I am just asking things to understand why.
>>
>>2569054
I think the best profit is made cross continental, not cross exchange

i.e. selling bitcoins via lbc in brazil
>>
>>2569077
Yeah, I saw that when I tried buying here in Costa Rica.
Thread posts: 11
Thread images: 2


[Boards: 3 / a / aco / adv / an / asp / b / bant / biz / c / can / cgl / ck / cm / co / cock / d / diy / e / fa / fap / fit / fitlit / g / gd / gif / h / hc / his / hm / hr / i / ic / int / jp / k / lgbt / lit / m / mlp / mlpol / mo / mtv / mu / n / news / o / out / outsoc / p / po / pol / qa / qst / r / r9k / s / s4s / sci / soc / sp / spa / t / tg / toy / trash / trv / tv / u / v / vg / vint / vip / vp / vr / w / wg / wsg / wsr / x / y] [Search | Top | Home]

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/


If you need a post removed click on it's [Report] button and follow the instruction.
DMCA Content Takedown via dmca.com
All images are hosted on imgur.com.
If you like this website please support us by donating with Bitcoins at 16mKtbZiwW52BLkibtCr8jUg2KVUMTxVQ5
All trademarks and copyrights on this page are owned by their respective parties.
Images uploaded are the responsibility of the Poster. Comments are owned by the Poster.
This is a 4chan archive - all of the content originated from that site.
This means that RandomArchive shows their content, archived.
If you need information for a Poster - contact them.