Bitcoin trade - page 3. | Bitcointalksearch.org

Rahar02

hero member

Activity: 910

Merit: 523

Quote from: Raffy11 on November 23, 2017, 12:05:21 AM

Bitcoin trade is Unlike stock markets, there are no official Bitcoin exchanges. Instead, there are hundreds of exchanges around the world that operate 24/7. Because there is no official Bitcoin exchange, there is also no official Bitcoin price. This can create arbitrage opportunities, but most of the time exchanges stay within the same general price range. So we can exchange bitcoin anytime anywhere.

Yes, you can try to do arbitrage trading, some factors to consider;
- how to do it? As bitcoin could be converted into cash and vice versa, so you need 2 bank accounts. Or those 2 exchanges support the same bank.
- bitcoin transactions takes more than an hour, the price may change significantly during this time.
- bitcoin or cash withdrawal fees, it's useless unless you have big capital to earn more profits.

Persiville

member

Activity: 144

Merit: 10

Earn with impressio.io

Quote from: el kaka22 on November 24, 2017, 10:55:25 AM

Quote from: S.coastapps on November 23, 2017, 12:42:55 AM

Yes, I Totally agree with thecoinfinder! There is no official rate of Bitcoin in the trade market.

Bitcoin is not a controlled market and obviously we should not expect any official rate. All the above, we have to understand that there are some factors in some of the local exchanges that have made it as such which is what we have in the situation of Zimbabwe and I have tried the arbitrage idea here, but it is not possible as international transactions are prohibited and hence created a high demand for bitcoin.

However, in every other exchange, there is just a little difference most times and unless you are very fast about it, you may end up losing if you want to go the arbitrage way.

That's the risk of trading, you might lose as well as your initial investment. Its a risky gamble but if you are willing to try then you can go for it. Lots of people and expert traders do some kind of those stuffs such as arbitrage and so on, personally I am also scared to that and what might happen in my investments, so i'd rather trade with one exchange just for in case.

el kaka22

legendary

Activity: 3710

Merit: 1170

www.Crypto.Games: Multiple coins, multiple games

Quote from: S.coastapps on November 23, 2017, 12:42:55 AM

Yes, I Totally agree with thecoinfinder! There is no official rate of Bitcoin in the trade market.

Bitcoin is not a controlled market and obviously we should not expect any official rate. All the above, we have to understand that there are some factors in some of the local exchanges that have made it as such which is what we have in the situation of Zimbabwe and I have tried the arbitrage idea here, but it is not possible as international transactions are prohibited and hence created a high demand for bitcoin.

However, in every other exchange, there is just a little difference most times and unless you are very fast about it, you may end up losing if you want to go the arbitrage way.

Qunenin

hero member

Activity: 966

Merit: 506

Quote from: ?? on ??

Quote from: Blockchain System on November 23, 2017, 05:56:55 AM

So... It’s very easy to trade Bitcoin Wink

There are lot of website for the bitcoin trade.One among them is local bitcoin.com,I had using this for very long period. You can try this, it's a trusted one.I had tried many trade with this site. I had both sell and buy in this website. It will based on current price and it's a best one. You can try this.

LocalBitcoin allow you to trade in your local currency but it is rather used by people to buy sell bitcoins locally. If you need the real trading experience you should use bittrex or poloniex. Here you will get order books / Charts etc and all such trading stuff which is lacking in local bitcoins site.

Dart18

sr. member

Activity: 1400

Merit: 259

Quote from: Raffy11 on November 23, 2017, 12:05:21 AM

Bitcoin trade is Unlike stock markets, there are no official Bitcoin exchanges. Instead, there are hundreds of exchanges around the world that operate 24/7. Because there is no official Bitcoin exchange, there is also no official Bitcoin price. This can create arbitrage opportunities, but most of the time exchanges stay within the same general price range. So we can exchange bitcoin anytime anywhere.

Yes and actually website wallets are the most late to update the price of bitcoin.
Instead of having more you will lose some of it.
That is why we see a lot of users let their bitcoin stay in trading sites. That way it is more valuable and the price is not really far on what we are expecting.
Also, they could buy more of the altcoin that they want in case another price surge comes.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: Yadstiker on November 23, 2017, 05:50:52 AM

Quote from: haroldtee on November 23, 2017, 05:25:39 AM

Quote from: TheCoinFinder on November 23, 2017, 12:35:44 AM

Obviously, there is no official price for bitcoin and no official exchange that can officially come with a fixed market rate.
What i analysed is that in some countries like zimbabwe and india, bitcoin price is very different than general rates.
If we see the market, it is $8200 per bitcoin but in zimbabve, it is already trading by $13000.
While in india, bitcoin is traded between the price range of $8500-$9000.

Zimbabwe is a very good reference as bitcoin is trading far above market value. However, we have to understand that some factors really made this to be like that. The government totally banning international transactions made those in Zimbabwe unable to pay merchants abroad and also the USD low supply within the country which is what they adopted since the Zimbabwean currency became useless.
Ability to even do any arbitrage here is impossible, as the only way you can get your USD in any of the exchange is if you have a Zimbabwean account since any international transaction cannot be done unless you are willing to wait until the government remove the ban.

You certainly do have a point out there. It just clearly shows how valuable it is in the other country, we might say its too expensive and would think who would dare to buy those bitcoins in their country, but listen up, think about the worth, it is that important to them.

The Zimbabwe crisis is really a good case study on how bitcoin can be used as a tool to help citizens inside a torn country. As I have mentioned, bitcoin is now being used as a hedge for basic goods just like oil in that country. That's why its a premium price out there. But I don't know if you can do arbitrage on their exchanges though, I wouldn't take the risk to do that.

Blockchain System

member

Activity: 84

Merit: 10

So... It’s very easy to trade Bitcoin Wink

Yadstiker

full member

Activity: 373

Merit: 100

Quote from: haroldtee on November 23, 2017, 05:25:39 AM

Quote from: TheCoinFinder on November 23, 2017, 12:35:44 AM

Obviously, there is no official price for bitcoin and no official exchange that can officially come with a fixed market rate.
What i analysed is that in some countries like zimbabwe and india, bitcoin price is very different than general rates.
If we see the market, it is $8200 per bitcoin but in zimbabve, it is already trading by $13000.
While in india, bitcoin is traded between the price range of $8500-$9000.

Zimbabwe is a very good reference as bitcoin is trading far above market value. However, we have to understand that some factors really made this to be like that. The government totally banning international transactions made those in Zimbabwe unable to pay merchants abroad and also the USD low supply within the country which is what they adopted since the Zimbabwean currency became useless.
Ability to even do any arbitrage here is impossible, as the only way you can get your USD in any of the exchange is if you have a Zimbabwean account since any international transaction cannot be done unless you are willing to wait until the government remove the ban.

You certainly do have a point out there. It just clearly shows how valuable it is in the other country, we might say its too expensive and would think who would dare to buy those bitcoins in their country, but listen up, think about the worth, it is that important to them.

haroldtee

sr. member

Activity: 644

Merit: 299

Quote from: TheCoinFinder on November 23, 2017, 12:35:44 AM

Obviously, there is no official price for bitcoin and no official exchange that can officially come with a fixed market rate.
What i analysed is that in some countries like zimbabwe and india, bitcoin price is very different than general rates.
If we see the market, it is $8200 per bitcoin but in zimbabve, it is already trading by $13000.
While in india, bitcoin is traded between the price range of $8500-$9000.

Zimbabwe is a very good reference as bitcoin is trading far above market value. However, we have to understand that some factors really made this to be like that. The government totally banning international transactions made those in Zimbabwe unable to pay merchants abroad and also the USD low supply within the country which is what they adopted since the Zimbabwean currency became useless.
Ability to even do any arbitrage here is impossible, as the only way you can get your USD in any of the exchange is if you have a Zimbabwean account since any international transaction cannot be done unless you are willing to wait until the government remove the ban.

erickkyut

hero member

Activity: 1176

Merit: 509

Quote from: Raffy11 on November 23, 2017, 12:05:21 AM

Bitcoin trade is Unlike stock markets, there are no official Bitcoin exchanges. Instead, there are hundreds of exchanges around the world that operate 24/7. Because there is no official Bitcoin exchange, there is also no official Bitcoin price. This can create arbitrage opportunities, but most of the time exchanges stay within the same general price range. So we can exchange bitcoin anytime anywhere.

Yes it is more convenient to trade in the crypto market rather than the stock market because we can do it everytime and anywhere as long as there is an internet connection but it is five times riskier than the stock market. Crypto market is more volatile than stock market. It is fluctuating and changing every minute. Since Bitcoin market is riskier, it can give you higher return.

TeamUpcoin

member

Activity: 151

Merit: 10

The concept of having a centralized BitCoin exchange contradicts the nature of blockchain.

The market should decide the price, as it does now. Multiple exhanges, constant price fluctuations - that's the way it should be.

Mister1k

hero member

Activity: 896

Merit: 520

Quote from: Raffy11 on November 23, 2017, 12:05:21 AM

Bitcoin trade is Unlike stock markets, there are no official Bitcoin exchanges. Instead, there are hundreds of exchanges around the world that operate 24/7. Because there is no official Bitcoin exchange, there is also no official Bitcoin price. This can create arbitrage opportunities, but most of the time exchanges stay within the same general price range. So we can exchange bitcoin anytime anywhere.

There is no patent or copy right taken in the name of bitcoin anyone until our satoshi comes to the real world. Till that time you will never find the any official site to have the bitcoin value or official exchange exclusive for bitcoin alone. In the forum you may find the satoshi profile says that the founder and his early posts also will be there to confirm it. Likewise there is no proof from the satoshi's invention in the value chart and exchanges as of now.

You can exchange bitcoin into other cryptos or even fiat currencies. However, trading is like a gambling you may face the both the profit and losses at all the time.

bitcoinisbest

hero member

Activity: 1218

Merit: 557

Quote from: timikulit on November 23, 2017, 02:29:00 AM

this is a good idea. Is there anybody doing this set-up

Selling and Buying bitcoin on different exchanges?

Is it profitable. despite of bitcoin high transaction fees?

This is an arbitrage where you buy/sell between different exchanges or sites etc. It will depend upon the exchanges on which you are trading what are their fees, btc incoming fees etc.. Each country do have their exchanges and their transaction fees are different. So you would have to calculate based on exchanges you plan to trade to make this opportunity a viable option.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: Raffy11 on November 23, 2017, 12:05:21 AM

Bitcoin trade is Unlike stock markets, there are no official Bitcoin exchanges. Instead, there are hundreds of exchanges around the world that operate 24/7. Because there is no official Bitcoin exchange, there is also no official Bitcoin price. This can create arbitrage opportunities, but most of the time exchanges stay within the same general price range. So we can exchange bitcoin anytime anywhere.

Obviously, by now everyone knows how bitcoin exchanges work and there are no official exchanges because bitcoin is decentralizes. I mean by official price, you are implying that there should be a stable price? It won't happened as its exchanges have their own way of computing what each exchanges price will be.

Its good though for day traders because they can simply take advantage of it, even do arbitrage to profit. Just like mentioned above me, India and Zimbabwe prices are above the current average price. I understand Zimbabwe because they are in economic turmoil and buying bitcoin is to store their wealth and hedge important products. Not familiar with India though.

valying

member

Activity: 94

Merit: 10

Quote from: xenxen on November 23, 2017, 03:29:10 AM

yes bitcoin trade is different from stock market because in bitcoin you dont need more requirements for your broker although this is no official price because of have more exchanger site...

So you think bitcoin trading is easily ? Yeah, i guess you're losing much in trading or you have no knowledges about trading bitcoin for sure.

xenxen

sr. member

Activity: 763

Merit: 252

yes bitcoin trade is different from stock market because in bitcoin you dont need more requirements for your broker although this is no official price because of have more exchanger site...

Koadharber

hero member

Activity: 1065

Merit: 510

Quote from: Raffy11 on November 23, 2017, 12:05:21 AM

Bitcoin trade is Unlike stock markets, there are no official Bitcoin exchanges. Instead, there are hundreds of exchanges around the world that operate 24/7. Because there is no official Bitcoin exchange, there is also no official Bitcoin price. This can create arbitrage opportunities, but most of the time exchanges stay within the same general price range. So we can exchange bitcoin anytime anywhere.

So what are you trying to prove here? I know that most Bitcoin or altcoin traders do know this fact which is actually true, Bitcoin has no official price and exchangers prices do really differ depending on the demand on where those exchange been located but most of them do have the nearly the same rate.Arbitrage is possible but would really be difficult since not all exchangers do have the same protocol or requirements specially if you do transact on bulks.

timikulit

full member

Activity: 196

Merit: 103

^

So the main problem is how to encash your bitcoin from their country.

How about buying other crypto from their exchange then send it to your wallet. (ETH,DASH or XMR)

I think that is possible.

DaMut

sr. member

Activity: 1274

Merit: 263

Quote from: timikulit on November 23, 2017, 02:29:00 AM

this is a good idea. Is there anybody doing this set-up

Selling and Buying bitcoin on different exchanges?

Is it profitable. despite of bitcoin high transaction fees?

if you have the requirement you will get an instant profit for every transaction,
but arbitrage is not easy as we're talking about because we need to fullfill the requirements,
for example zimbabwe exchanges offer us $13000 for every Bitcoin that we have,
while our average price around $8200 at the moment,it's very easy but the question is how can you encash your money from their exchanges ?
that is the problem that we face when we're doing the arbitrage,
it's all not about the fees,
also indian exchanges offer us $10000 for every Bitcoin that we have a few days ago,
but nobody can sell it in there because they can not encash it.
so selling it from different exchanges is not an easy as we think,unlike we're buying or selling it from different exchanges but using same currency

timikulit

full member

Activity: 196

Merit: 103

this is a good idea. Is there anybody doing this set-up

Selling and Buying bitcoin on different exchanges?

Is it profitable. despite of bitcoin high transaction fees?

Topic: Bitcoin trade - page 3. (Read 1338 times)