Quote from: groundcontrol67 on November 08, 2017, 02:39:55 AM

Quote from: goodoboy on November 08, 2017, 02:35:27 AM

Quote from: EXtremeAEX on November 08, 2017, 01:55:09 AM

Different exchanges have their own internal markets, and the price of Bitcoin in the exchanges depend on the buyers and the sellers in the exchange, so the prices fluctuate a lot. However, users can buy and sell between multiple exchange sites so that they can buy at the lowest and sell at the highest.

Thats why it is an advantage to trade at multiple sites to get these benefits, however, bear in mind the trading fees and the withdrawal fees, so unless you are trading at a large volume, it is still not worth it.

Thank you for the response.

Just to make sure I understand. A person can buy a bitcoin on one exchange for cheap price, then sell on another exchange for higher price?

Why not just buy and sell higher on one exchange? I am not sure I understand?

Thanks

a) the difference may not be enough to outweigh the fees, b) there is a delay to transfer funds between exchanges and you are liable to price changes in that period. c) people do exactly that and make good money from it.

I think this is called arbitrage trading. people wants to search bigger profit and they do this to help them to reach more profit but like above me said, you need to thinking about the time to send the funds from one exchanges you bought bitcoin into other exchanges that you want to sell because I have bad experience for this and I don't think that its a good idea to do arbitrage if there is taking too much time before its landing into other wallet.