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Re: What's Stopping Someone From Buying From one Exchange, Selling in Another?
by
eric7
on 03/04/2013, 02:55:49 UTC
Quote from: dree12 on April 03, 2013, 02:35:45 AM
Quote from: eric7 on April 03, 2013, 02:28:21 AM
Quote from: additionalpylons on April 03, 2013, 02:24:30 AM
Quote from: eric7 on April 03, 2013, 02:22:13 AM
This might be a silly (read: newbish) question, but what's stopping someone from buying a few Bitcoins from BTC-E at 87.849 USD per BTC, and then selling them at MtGox for 118.2 USD per BTC to make a profit?

Nothing. And you got the prices totally wrong. It's about 87 EURO / 1 BTC on BTC-E. If there were such a huge difference, people would have exploited it already.

Are you sure? I'm currently seeing BTC/USD = 87.849.

http://i.imgur.com/Bmqd4AF.png

This image is from March 30. The current price is $119/BTC.

That's so odd. For me it's been quoting at lower prices (the same prices, maybe?) for the past few days. Perhaps some sort of caching bug or something...