Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
can someone explain me why BTC-e has lower price for proximately 10$ than Bitstamp or Huobi ?
/tinfoil hat on
I have wondered about this as well. The only answer I can come up with that makes any sense is arbitrage. There appears to be a group or groups doing extended arbitrage between BTC-e and Bitstamp/Huobi and who knows where else. I have watched this for several weeks now and it is just to consistent to be coincidence imo. In the scenario I envision these groups have a few hundred to a few thousand BTC and do this daily taking $2,000-$20,000 profits out in fiat. Even with just 200 coins it's 60k a month, not bad profit.
/tinfoil hat off
the arbitrage is there for anyone to take advantage of.
some poeple think price is lower there because they don't do AML ( is this even true? idk...) and so poeple that want to sell with no questions ask go there, providing more selling pressure.