Quote from: dillpicklechips on October 18, 2017, 08:55:07 AM

Quote from: AdolfinWolf on October 17, 2017, 06:07:05 PM

Quote from: EugeneAS on October 17, 2017, 05:44:01 PM

Bittrex is not accepting Fiat, that is why sometimes rates can differ, because people do not have this much BTC to buy, for example.

Also, of course, prices may be slightly differ depending on people who are trading there. The persons who usually equalise the prices are called arbitragers. They see the price difference, and quickly buy on one market and sell on another. When there are many people doing this, the two prices equalise. This happens on non-crypto markets too.

That they don't have fiat isn't the reason for the difference i think. Bittrex offers trading in USDT aswell ( USD$ in Tether.)

Has more to do with actual volume, and just the supply x/ demand and, as a result arbitrage.

We can treat these exchangers as different markets of Bitcoin (or any other cryptocurrencies) hence they have their own price and volume which opens an opportunity to arbitrage which in return will make the prices between these exchangers to come to a point and made the price somewhat similar or close to one another. Hence, arbitrage offers an interaction between exchangers to have a uniform (but not totally) market.

Yeah, i guess you could see arbitrage as some kind of balancer between the markets/exchanges.
Still wondering if anyone still does it with the current markets, it seems almost impossible to me, with the sky-high volumes on most markets.

I guess it might be possible on smaller market cap coins, but no longer possible on tokens like ethereum..