$100 price difference between exchanges ...

Crystal Method

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Quote from: tenakha on October 11, 2018, 09:56:33 AM

Sure, it is possible. Already the price of each digital currency is different in each exchange. It isn't possible to have the same price in all of them, because the demand-supply determines the price and accordingly, the price is different in every exchange.
This is called ''scalping'' and is a way to make some profit. But, the prices are always variable, that's why earning is risky with scalping.

But if you use the right bot, it is possible to make really good profit on scalping!

bitbunnny

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I don't see why is this so strange, it's usual.thing among exchanges. Actually you don't have to trade Bitcoin for so long to notice that different exchanges have different price. Besides that is how arbitration trading is done that offers excellent options for profit if you know what are you doing and you are very well introduced with situation on multiple exchanges.

supine

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It is possible since prices are driven and made by traders and not with just a single source. So, if one trading site trades with a different price, it is favorable for traders who checked it earlier. Price differs depending on the activeness of people that are trading in a site and on what price they are trading.

jems

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It seems that this is a natural thing, because each exchange has a different price caused by merchant activity on an exchange and the amount of trading volume on the coin. With the price difference between exchanges it can make other land to benefit from trading and what I know is arbitration. .

sawree6

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It’s obvious. Different exchanges have different fees and set their own prices basing on the general market tendencies. Usually, exchanges which are more focused on new traders set higher fees and even higher prices. Platforms for professionals are more loyal. You can easily check prices using BTC calculators on different exchanges (here's one from CEX: https://cex.io/bitcoin-calculator). There’s even a trading strategy of betting on different prices and getting profits from this. However, it’s hardly possible to trade in this way now – as more and more platforms move to the unified price.

LongerBitcoin

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Quote from: arpon11 on October 17, 2018, 11:24:39 AM

Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

It happened sometimes in this ways and the arbitrage traders always take the advantage of this to make some profit from the market. I don't think anything serious is happening somewhere that is making price behave the way it does across exchangess but with time we would see corrections.

Some anonymous exchanges show higher price but still people do not trust then at all. I myself don’t care about the price difference between the exchanges and always select best exchange for my transactions because it is a matter of money and everyone should use only reliable exchange for coin transaction. Otherwise they may be scammed by some exchanges.

Frobeek

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Quote from: alex0808 on October 17, 2018, 11:09:46 AM

Quote

you have to understand that coinbase does not use USDT but USD

Does Bitfinex trade USDT? On their website is diplayed USD ...

Yeah you are right. I also wonder how and why different exchanges show different prices of bitcoin at the same time. I think they want to catch the buyers and sellers to show some high price than the actual price. We cannot trust all the exchanges because of scams. I always use Binance and Okpay for my transactions because these two are the best exchanges in the world and more authentic than others.

o_e_l_e_o

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Quote from: bones261 on October 19, 2018, 10:57:20 PM

One of the reasons Tether's market cap has fallen is that Bitfinex has recently sent over 600 million Tethers to the Tether treasury wallet. This effectively takes the Tethers out of circulation.

Yes, but that's because more people are selling Tether than buying, by a large margin. They've had to redeem $600 million in Tether to maintain the peg to USD, which is still only sitting at $0.98 despite the marketcap continuing to fall. The issue is that I doubt they have enough assets to redeem the remaining $2 billion in outstanding Tether, but we don't know because they wouldn't submit to an external audit (I wonder why? Roll Eyes

)

Quote from: bones261 on October 19, 2018, 10:57:20 PM

I'm not certain how tether/Bitfinex accounting works. I'm not sure anyone outside their organization really does.

I'm not sure anyone inside their organization really does either. I would be staying well away from both Tether and Bitfinex right now.

Hui8

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Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

The very first thing you should do when you see such huge difference is to go and make a margin trade and have those 100 bucks equivalent profits in your investment. This can be quickest way of making money whenever you see such price differences.

Well, coming to the point, there is always difference between the prices of coins over two different exchangers because of decentralised market. This market is giving freedom to each market to trade with different volume and user base who creates slightly different scenario for all.

Thats why the price difference.

mia khalifa

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it is a price difference that often occurs when there is good news and a quiet market will definitely experience a price difference even though there is not that much at least there is a price difference that can provide benefits you must be able to use it well.

bones261

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Quote from: o_e_l_e_o on October 19, 2018, 04:17:40 PM

Quote from: 1Referee on October 18, 2018, 12:57:34 PM

It seems that Bitfinex is in the process of losing its whales with how their cold wallet keeps shrinking. In the last ~45 days Bitfinex's cold wallet shrunk with 100,000BTC, and the outflow of capital isn't even over.

Wow. USD value has fallen from $1.5 billion to $800 million, a fall of $700 million. Meanwhile, Tether's market cap has fallen from $2.8 billion to $2.1 billion, also a fall of $700 million.

Is it possible that Tether was actually backed up by their own cold wallet? And now they are having to empty their cold wallet to pay off Tether?

Either way, with their cold wallet emptying that rapidly and Tether still on the verge of imploding, if I had any coins on Bitfinex I would be moving them out of there ASAP.

One of the reasons Tether's market cap has fallen is that Bitfinex has recently sent over 600 million Tethers to the Tether treasury wallet. This effectively takes the Tethers out of circulation.
https://www.ccn.com/tether-has-yanked-610-million-out-of-circulation-this-month/
I'm not certain how tether/Bitfinex accounting works. I'm not sure anyone outside their organization really does.

Quote from: atoshi on October 18, 2018, 10:16:17 AM

Why Bitfinex website display USD instead of USDT?

Well, if you make a wire deposit of $100 in Bitfinex, you are only credited with 100 USD(T), regardless of what the market value of USDT is at the time. Likewise, if you make a wire withdrawal of $100, your balance is deducted by only 100 USD(T). At least, I think that is how I think that it works. Huh

At the present time, I'm not sure how easy it is to get a wire withdrawal from Bitfinex. (I'm a minnow American anyway. So they don't want my business at the present time. That is fine with me because I left Bitfinex after they had the hack back in the summer of 2016. Unfortunately, I managed to leave some dust behind. I have like 14 cents usd and about 3000 sats BTC and BCH.)

jaymmagne

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Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

This defends on how the traders trade on specific exchange. Volume of the trading is a factor with the price of the Bitcoin on certain exchange too. It can affects the value especially theirs a lot of traders in an exchange. It is possible that the difference of the price from the exchange you had and from the exchange of the other traders will be equal to $100 or more.

Junralz

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It would be a big trouble if such difference could be true because people will definitely stay in that platform. There are certain rules that they need to follow and this should be necessary in order to be fair.

o_e_l_e_o

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Quote from: 1Referee on October 18, 2018, 12:57:34 PM

It seems that Bitfinex is in the process of losing its whales with how their cold wallet keeps shrinking. In the last ~45 days Bitfinex's cold wallet shrunk with 100,000BTC, and the outflow of capital isn't even over.

Wow. USD value has fallen from $1.5 billion to $800 million, a fall of $700 million. Meanwhile, Tether's market cap has fallen from $2.8 billion to $2.1 billion, also a fall of $700 million.

Is it possible that Tether was actually backed up by their own cold wallet? And now they are having to empty their cold wallet to pay off Tether?

Either way, with their cold wallet emptying that rapidly and Tether still on the verge of imploding, if I had any coins on Bitfinex I would be moving them out of there ASAP.

Cointoli

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Because of differences in exchange rates, there is often a difference in exchange rates between exchanges. Time difference between exchanges also causes the price difference, but time difference will not floor and the exchange will quickly rebalance.

ShowOff

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Quote from: jonhn772 on October 18, 2018, 12:38:38 PM

Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

Actually I don't have any idea about this matter. But I think it is good opportunity to buy at low price from one exchange and sell with high price in others exchange 😆

And when you late to send that bitcoin on other exchanges, then it get dumped again. You need to wait more time to price back again when you bought it. Arbitrage is not simple like it was said by people.

Capt00

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Bitfinex is one of a very well know exchanges that have a large amount of trader there, in that case, many manipulators have likely used that exchange because of having a huge amount of valuable coins. Good thing to see that this kind of exchange site has an opportunity to have more traders like Poloniex and Binance.

1Referee

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Quote from: Parodium on October 18, 2018, 10:25:00 AM

It is likely that the majority of the biggest whales use Bitfinex.

It seems that Bitfinex is in the process of losing its whales with how their cold wallet keeps shrinking. In the last ~45 days Bitfinex's cold wallet shrunk with 100,000BTC, and the outflow of capital isn't even over. Bitfinex needs to act quick in order to not turn into the next Poloniex. I just hope for the traders there that Bitfinex won't halt withdrawals in an attempt to stop the 'bankrun' that's going on.

Quote from: Parodium on October 18, 2018, 10:25:00 AM

The arbitrage opportunity is definitely there, but they don't last long so act fast.

It's not an arbitrage opportunity at all. USD has more value than USDT, so the 'higher' BTC/USDT prices are technically still the same as the 'lower' BTC/USD prices on exchanges as Coinbase.

jonhn772

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Quote from: alex0808 on October 11, 2018, 08:04:54 AM

Any possible reason for such a difference on bitcoin price between bitfinex and coinbase? Right now around $100 difference https://coinalyze.net/ ...

Actually I don't have any idea about this matter. But I think it is good opportunity to buy at low price from one exchange and sell with high price in others exchange 😆

Parodium

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DMs have been disabled. I am busy.

Bitfinex is always at a higher price than the other exchanges, and it always seems to be the first to move whenever a big event goes down. It is likely that the majority of the biggest whales use Bitfinex. The arbitrage opportunity is definitely there, but they don't last long so act fast.

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