Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][Blocknet] The internet of blockchains / XBridge / true cross-chain P2P
by
xojex
on 06/11/2014, 18:41:42 UTC
Quote from: onealfa on November 06, 2014, 06:31:17 PM
Quote from: BitcoiNaked on November 06, 2014, 06:20:15 PM
Quote from: notsofast on November 06, 2014, 06:17:32 PM
I see plenty of Bittrex investors buying on Poloniex at sub-ITO price, then selling an equivalent amount of their captive BLOCK into the Bittrex buywall. Cross-exchange arbitrage.

I believe deposits and withdrawals are closed during this 48 hour so you can't arbitrage.
Yes I CAN.
Withdraw is closed for Bloks, not bitcoins
I can sell all my block's on bittrex, then imediatelly I CAN withdraw all  received BTC's right into poloniex, and easy re-buy about +10% more bloks on poloniex. Why do you think I can't Huh?

But in doing so, there is risk the project fails to reach the funding goal. Those Blocks selling under .00025 came from coingateway, not polo. The new owner wouldn't have the TX history with coingateway, so they would not receive a refund from them. So they would be left holding a bag if they can't refund them with polo.