Re: Those that dream of $1200/bitcoin can thank this man.

I think we must forget about price back to 1200 it's time for wake up from your dream. Bitcoin is never again reach to $1200

Quote from: TheRealistMassiah1 on August 02, 2015, 01:30:17 AM

additional note: when you see one price on exchange A at $300 and on exchange B at $270 ... of course you would want to buy the bitcoins at EXCHANGE B for $270 and sell it higher at EXCHANGE A for $300 so that's how prices are influenced at different exchanges ...

I never see range price too deep like that, the best range is $5-$7 at different exchanges

Really?? ..

recently Chinese bitcoin exchanges were like 30--60$ usd higher than the USD exchanges ... pretty crazy case of arbitrage there =] (cny exchanges were $350 usd and ... usd exchanges were $290-$300 per bitcoin)

that difference in price was only there for a very short time. no chance for traders on other exchanges to benefit from the crazy difference.

Yeah moving funds around mostly takes too long.. Before you can acces them again and stuff. On top of that, you have your withdrawel fees that hurt your profit.