Hello,
I'm just interested if is it possible or there is some catch. I see that price of BTC on stocks is different (of course) but the difference is big enough to make money with just buying on one stock and selling on the other one. So my Q is what's the catch? I already checked fees and still it's should be ok.
I've never trade BTC (yet) so correct me if I'm wrong or there is only classic risks like falling price..
I check price @ http://bitcoincharts.com/markets/currency/USD.html
Thanks in advance for your time.
I'm just interested if is it possible or there is some catch. I see that price of BTC on stocks is different (of course) but the difference is big enough to make money with just buying on one stock and selling on the other one. So my Q is what's the catch? I already checked fees and still it's should be ok.
I've never trade BTC (yet) so correct me if I'm wrong or there is only classic risks like falling price..
I check price @ http://bitcoincharts.com/markets/currency/USD.html
Thanks in advance for your time.
What you're referring to is called arbitrage. You buy low on one exchange and sell a bit higher on another. This is a well-known exploit in trading.
I've done it successfully a number of times with other coins. With BTC, you'll have to invest a lot of USD for it to be really profitable.
The only thing you have to be wary of is price volatility combined with transaction time (the time it takes to receive the BTC can vary quite a bit).
If you've noticed the price difference, other people have too
