you can make a profit of $4,000. I am considering doing this.
As a rule of thumb whenever there is a big gap between exchanges that remains that way for a long time there is always something wrong. Because if there were indeed a 8-9% difference and there were $4k profit to be made there were hundreds of other active arbitrage traders who would have taken advantage of it and grabbed the profit hence closing the gap.
I‘m curious about why would big gap appear? why would some exchanges set their price lower than the market? who'll take the loss? if they just meant to attract users then how would the developer make up the loss? businessmen are always wily and shrewd so I just couldn't figure it out!
I know some traders bought robot to achieve that process but I don't know whether it worked or not
it is not the same as commodities in stores where the owner can willfully adjust the price. the fact is no one can buy Bitcoin with a discount