Quote from: 1234567 on January 07, 2014, 02:34:37 AM

Quote from: dimka on January 07, 2014, 01:40:35 AM

Quote from: deepceleron on January 07, 2014, 01:38:19 AM

Type "arbitrage" in the search box.

You'd have to figure out how to get your fiat out of mtgox and into another exchange in less than six months.

Right now at coinbase I can buy/sell one bitcoin for 932, at mt.gox I can buy/sell one for $1018. Thats a crazy amount of money...

Yes, but the time it takes to transfer USD to coinbase after selling on Gox means what you're doing is effectively gambling--there's no way to tell which exchange will have a lower USD/BTC price once your money finally arrives, and the price of Bitcoin could change dramatically while your money is being transfered. Arbitrage sometimes works on smaller altcoins with fast transaction speeds, but since Cryptsy's (the only exchange that has enough volume with most coins to make arbitrage feasible) deposit/withdrawal systems are so incredibly slow/broken, it's usually not worth your while.

Well I knew there was a catch, thanks for showing me