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Topic: Bitcoin trade (Read 1336 times)

hero member
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www.Crypto.Games: Multiple coins, multiple games
February 09, 2020, 09:31:56 AM
#67
However, stablecoins could be official and stablecoins could have an official governmental page which is what we are hoping for the future. Think about USA eventually making a USDS type of deal that is USA dollar stablecoin and they have a website where you can send your stablecoin and receive regular fiat in return whenever you want. If that were to happen believe me there would be HUGE changes in bitcoin world, not just for the Americans but everyone around the world who can withdraw dollars to their bank accounts.

We would effectively using the whole USA as an exchange which you could trust more than any other exchange since this is a whole nation and how can you trust an exchange more than you can trust a nation. So, a governmental approach would benefit us all.
full member
Activity: 742
Merit: 121
February 09, 2020, 04:36:54 AM
#66
There is no official price and there are no other official sources either, since they are not needed. That's the beauty of technology, that no regulatory authority is needed. The price is formed by itself. Of course, there are manipulations in this market. But no official organizations are needed.
hero member
Activity: 1722
Merit: 528
February 08, 2020, 11:57:19 PM
#65

I agree with you I can trade with Bitcoin at any time It will be entirely up to you. There is no catch barrier to trading Bitcoin and this is not an official job. You can trade Bitcoin as you wish but you will have to trade depending on the market situation.
Trading Bitcoin also requires the right time, if you enter the market when the situation is stagnant, it is difficult to get profit. Indeed Bitcoin prices tend to fluctuate but there was a time when prices were stagnant and I thought it was not the right time to trade Bitcoin, except if you plan to long-term, it's okay to enter the market.

But can you afford that?

Not all of the long term investments prevails. It is not that when you go with it, it would be an easy profit, but it is not. Always think if you will be able to afford that since investing in cryptocurrencies are a huge risk that is why you should be really careful with it. The price chart is not that easy to read and that is the same as what will happen. all of it falls into your knowledge and skill as an investor.
hero member
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February 08, 2020, 11:11:56 PM
#64

I agree with you I can trade with Bitcoin at any time It will be entirely up to you. There is no catch barrier to trading Bitcoin and this is not an official job. You can trade Bitcoin as you wish but you will have to trade depending on the market situation.
Trading Bitcoin also requires the right time, if you enter the market when the situation is stagnant, it is difficult to get profit. Indeed Bitcoin prices tend to fluctuate but there was a time when prices were stagnant and I thought it was not the right time to trade Bitcoin, except if you plan to long-term, it's okay to enter the market.

It is difficult, but at least we can search that right time to enter the market by analyzing the market. When we analyze the market, we will find out that bitcoin will be down for a while, and that will be a good time to enter the market and buy bitcoin. No matter if you want to use the bitcoin, for the long term or short term, you can try to make a profit from selling the bitcoin when the price increase. Even if the bitcoin price fluctuates every day, we can try to buy a low price and sell at a high price.
sr. member
Activity: 1638
Merit: 278
February 08, 2020, 10:28:59 PM
#63
Today one of the fastest-growing transactions is with the use of bitcoin or cryptocurrency, and those kinds of processes can help a lot towards the future. If we are talking about bitcoin there are a lot of people starts investment because of the potential of this coin we all know that the price of the bitcoin came from the lowest price that is almost a thousand dollar each bitcoin, but today the cost of the bitcoin continuously increasing and gain a lot of profit and popularity and now many people make an investment on it because of the possible income they can get in the future. Still, with the help of the bitcoin trade, we can trade into different coins and currency that can help us to make more profit because trading on it.
Actually I have to correct you on one point. Price for bitcoins have not started from a thousand dollar but it started with few cents in the early stage of bitcoins. $0.18 was the first launch price of bitcoins perhaps as compared to now it has hiked above $9500 which makes a profit of around 9500% which is extreme and none of the other commodities including gold, real estate, etc can give this immense profits.

Bitcoins are been trying to overrule the traditional payment methods and benefits of bitcoins are making them more popular among the traders. This is where we find profits only because of the high price movement offered by bitcoins in a number of exchanges.
hero member
Activity: 1442
Merit: 510
February 08, 2020, 12:38:43 AM
#62

I agree with you I can trade with Bitcoin at any time It will be entirely up to you. There is no catch barrier to trading Bitcoin and this is not an official job. You can trade Bitcoin as you wish but you will have to trade depending on the market situation.
Trading Bitcoin also requires the right time, if you enter the market when the situation is stagnant, it is difficult to get profit. Indeed Bitcoin prices tend to fluctuate but there was a time when prices were stagnant and I thought it was not the right time to trade Bitcoin, except if you plan to long-term, it's okay to enter the market.
legendary
Activity: 3318
Merit: 1128
February 07, 2020, 05:39:09 PM
#61
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.

I agree with you I can trade with Bitcoin at any time It will be entirely up to you. There is no catch barrier to trading Bitcoin and this is not an official job. You can trade Bitcoin as you wish but you will have to trade depending on the market situation.
Bitcoin trading markets does not pressurize anyone to stay with the markets. Also there are no legal obstacles in trading with bitcoins like paying taxes, etc so it makes the markets more popular. Bitcoins are not regulated by any of the legal authorities so how could we expect an official exchange for bitcoins? Bitcoins are a digital coin which can be transferred on the blockchain network which is completely decentralized. People make benefits from buying and selling bitcoins with the high volatility of prices and it is what makes them gain profits.

There is no need of any official bitcoin markets as bitcoins as not actual stocks. They are a digital commodity which can be sold and bought on a number of platforms.
sr. member
Activity: 1918
Merit: 370
February 07, 2020, 11:12:11 AM
#60
Yes arbiratge also promising some profit but there are any risk too, the risk is when Bitcoin confirmation so long and the withdrawal fee from current exchange to others exchange also expensive. And also some exchange has rule to enable withdraw should be have verified account, so this is not efisien .
The risks you're describing are too low we can't even consider them as risks. If you want a fixed rate for your bitcoin, then stick with one trustworthy exchange. If you want lower transaction fees then find an exchange that charges little or none if there's any. The world is your ouster. The real risk with bitcoin trading especially with exchanges is scamming. Even with the current knowledge of the average trader and the development bitcoin had so far, there is still a high chance of you being scammed. That being said, if you are not a wary trader you would get yourself stuck on a scam exchange and your bitcoins will be gone for nothing.

Instead on focusing how "unfair" exchanges are with their high transaction fees and everything, find feasible solutions to get past these easy obstacles.
full member
Activity: 798
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February 06, 2020, 10:03:38 PM
#59
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.

I agree with you I can trade with Bitcoin at any time It will be entirely up to you. There is no catch barrier to trading Bitcoin and this is not an official job. You can trade Bitcoin as you wish but you will have to trade depending on the market situation.
full member
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February 06, 2020, 09:31:49 PM
#58
Bitcoins are never an official currency which would never ever create any official exchange or anything like what you stated. There are a number of exchanges which work simultaneously and avail us benefits which are suitable for us. This also opens doors to a number of profits which are even been acquired by the arbitrage trading if ever you have huge number of bitcoins and you are using those to make instant profits by finding some higher volume exchanges having different prices.

The prices for bitcoins on each exchange depends on the order book and the demand and supply factor which might keep a price difference for some time which opens doors for us to quickly buy and sell on various platforms. Bitcoins are decentralized which would never make them able to create any official platform. In-short, we could call bitcoins as unofficial.


Today one of the fastest-growing transactions is with the use of bitcoin or cryptocurrency, and those kinds of processes can help a lot towards the future. If we are talking about bitcoin there are a lot of people starts investment because of the potential of this coin we all know that the price of the bitcoin came from the lowest price that is almost a thousand dollar each bitcoin, but today the cost of the bitcoin continuously increasing and gain a lot of profit and popularity and now many people make an investment on it because of the possible income they can get in the future. Still, with the help of the bitcoin trade, we can trade into different coins and currency that can help us to make more profit because trading on it.
legendary
Activity: 2338
Merit: 1124
February 06, 2020, 03:24:42 AM
#57
Bitcoins are never an official currency which would never ever create any official exchange or anything like what you stated. There are a number of exchanges which work simultaneously and avail us benefits which are suitable for us. This also opens doors to a number of profits which are even been acquired by the arbitrage trading if ever you have huge number of bitcoins and you are using those to make instant profits by finding some higher volume exchanges having different prices.

The prices for bitcoins on each exchange depends on the order book and the demand and supply factor which might keep a price difference for some time which opens doors for us to quickly buy and sell on various platforms. Bitcoins are decentralized which would never make them able to create any official platform. In-short, we could call bitcoins as unofficial.
sr. member
Activity: 2296
Merit: 348
February 05, 2020, 07:43:37 AM
#56
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.
Bitcoins are decentralized which would not make any official exchange.
They need to get centralized first in order for them to create a official exchange which would be the whole and sole way to buy and sell bitcoins.
But- NOT POSSIBLE
member
Activity: 84
Merit: 10
February 05, 2020, 12:27:34 AM
#55
BUY at the market NOW:

BTC: 9200 - SL:7900 - TP=r/r: 1:1-1:3-1:5
ETH: 189 - SL: 139 - TP=r/r: 1:1-1:3-1:5
LTC: 68.5 - SL:46.5 - TP=r/r: 1:1-1:3-1:5


Happy trading!
newbie
Activity: 130
Merit: 0
January 30, 2018, 11:59:14 PM
#54
Though bitcoin has no central market for exchange were price are regulated within buyer and seller and many are taking advantage of it to make arbitrage trading there is still general accepted price areas par time. Traders take this general trading area to make their trading decisions.
I find that the price of bitcoin is decreasing sharply in the past few days, we can see the price of bitcoin has dropped more than 10% within the past 24 hours. I think we can buy bitcoin right now to trade, because at this moment I see bitcoin prices are in good order to buy. Can you tell me the reputable address to buy bitcoin?
thank you
member
Activity: 311
Merit: 10
January 24, 2018, 09:05:09 PM
#53
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.
I believe the bitcoin trade will bring you great profit at the present time. At present bitcoin is gradually spreading to the world, now more and more countries recognize bitcoin as a currency, a kind of property and tax as usual. With great applications, high liquidity and wonderful steps of the upcoming bitcoin. I think this is the right time to trade bicoin.
Good luck
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
December 26, 2017, 12:34:26 PM
#52
Yes you guys said it right Bitcoin is really different from the share market, where the share market are been traded on the country's particular trading exchanges for given period of time whereas bitcoin is being traded for 24hrs on all the bitcoin exchanges at different price levels in different exchanges and this things open the doors of Arbitrage trading. Yes you said it right in india exchanges like Zebpay and Unocoin offers a huge price comparing to other international exchanges as there is no governing body to give them a unique bitcoin price all over the world. Today Zebay is offering bitcoin almost $1500 extra to coinbase exchange rate. So Indian Traders can make use of this opportunity if they want.
sr. member
Activity: 1750
Merit: 267
December 26, 2017, 12:18:48 PM
#51
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.
Absolutely right you are. Though bitcoin has no official fixed price and official exchangers, bitcoin depends on the demand of users. The price of bitcoin up or down for the demands of user and all the exchangers try to make out it's price same on every trading platform.
member
Activity: 126
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December 26, 2017, 12:06:26 PM
#50
I agree with you that bitcoin has no exchange like stock market.Even many exchanges offers 24\7 trading but don't you think that's the whole USP of bitcoin and all cryptocurrency.I know there are flaws like prices are not official but bitcoin was never an official thing or i would say it was not meant to official.It provides opportunity to every individual to not only earn but to earn big.It had done all right till now and has a great future too.
jr. member
Activity: 52
Merit: 10
December 26, 2017, 08:08:42 AM
#49
I strongly recommend not trading until you learn to read charts!  If the price breaks the resistance line and closes above it, you can enter a long position.
Yeah, the OP could try to learn experiences in forex trading . It's fit with crypto trading too.
sr. member
Activity: 2422
Merit: 357
December 26, 2017, 08:07:49 AM
#48
From the word itself, stock market are stocks and bitcoin trading is coins. Stock market are investing on something that can increase its value someday , it is somehow same with bitcoin but the difference is, bitcoin is a digital currency which means, your money that will increase its value someday and can be used for buying or transacting something as a function of a currency.
member
Activity: 238
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December 26, 2017, 07:24:13 AM
#47
I strongly recommend not trading until you learn to read charts!  If the price breaks the resistance line and closes above it, you can enter a long position.
member
Activity: 119
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December 26, 2017, 05:18:32 AM
#46
Yes different country and different exchange, the price of Bitcoin also different. So will be possible to do arbitrage but the problem is when Bitcoin confirmation transaction is too long , and also not all exchange provide methode deposit  in Bitcoin, any some exchange only provide deposit  only in fiat. Then some exchange also required verification ID , so will be not efisien when we should be create ahundreed account of exchange.
Trading with bitcoin is an excellent decision but I want to suggest you that when you start trading with bitcoin then before start you need enough experience and information about bitcoin because if you have no experience and information about bitcoin then you are unable to work with them because bitcoin forum has his own rules and regulation which you need to follow.
hero member
Activity: 896
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December 04, 2017, 05:25:17 AM
#45
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.
Agreed, however, if we look across the exchanges we have to understand that the market is somehow pretty close and you have to consider the time of transactions, the fees, and some other factors even if you want to do some arbitrage trading. Sure, a lot of people do it, but it is quite risky and as long as bitcoin or the cryptocurrency world is an uncontrolled world, then there is nothing we can do about it.
full member
Activity: 363
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December 04, 2017, 03:55:06 AM
#44
Unlike stock bitcoin is 24/7 and unlike forex, bitcoin and crypto trading has no fixed market rate. And this opens up a lot of possibilities.

If a regular trader is involved in more than 4 or 5 exchanges including fiat besides alt coins, Arbitrage trading shows a lot of promising opportunities. They invest some in promising coins, but trade whenever they find any arbitrage opportunities.
It is an opportunity and not everyone obviously will know how to effectively tap into such opportunities anyway. However, I really do not see arbitrage trading to be a problem. It is the way the market is and this is not the first time arbitrage trading will ever happen, most especially in a decentralized situation. Most people see arbitrage as an issue, but I see it as an issue for the trader itself as arbitrage trading in the crypto world is really not as easy as some people think it to be.
hero member
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December 02, 2017, 09:09:30 AM
#43
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.

Telling that there is no bitcoin exchange more than ones is redundant. And with the price of bitcoin, it is volatile so there's no exact price for it. Sometimes it goes up and sometimes it is very low but the good thing here is that bitcoin is starting to be accepted anywhere.
full member
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December 02, 2017, 08:48:32 AM
#42
Yes arbiratge also promising some profit but there are any risk too, the risk is when Bitcoin confirmation so long and the withdrawal fee from current exchange to others exchange also expensive. And also some exchange has rule to enable withdraw should be have verified account, so this is not efisien .
I think that the risk of Bitcoin is not to withdraw or exchange coins on stock exchanges, even if it's dangerous to get on scammers. Bitcoin itself has a big bit of mistrust from the people and, first of all, because everyone thinks that Bitcoin is a soap bubble.
full member
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December 02, 2017, 06:27:42 AM
#41
Yes arbiratge also promising some profit but there are any risk too, the risk is when Bitcoin confirmation so long and the withdrawal fee from current exchange to others exchange also expensive. And also some exchange has rule to enable withdraw should be have verified account, so this is not efisien .
sr. member
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December 01, 2017, 10:16:21 AM
#40

The bitcoin trade or even the alt coin trade is most easiest way and the thing that they keep the prices synchronised is because they can’t change it or alter it on their own but yeah the price might be little up and down depending upon the coin’s inflow and outflow market for over the 24 hours of course.


Bitcoin value is completely dependent upon the market capitalism and thats why the price doesn’t depend on the exchanger alone. Exchanger = just the way to exchange it with other fiat currency/altcoins etc. Thats the whole principle of the exchangers and nothing else.


The 24/7 exchange is nothing but the decentralised market which is accessible all the time as the case with centralised which are not because they are not available by the rules! So here on the crypto land we have no such rules and hence we are eligible for the day trades also.


hero member
Activity: 812
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December 01, 2017, 09:41:22 AM
#39
Obviously nothing can affect the price of bitcoin, government or anything just a bitcoin player that can affect the market
legendary
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December 01, 2017, 07:13:46 AM
#38
Don't know what you want to point out with this thread, bitcoin price is different in exchanges but not by high margins. There can be arbitrage opportunity but not enough to make significant profit.

There is no need of any official bitcoin exchange but most of the trading platform are centralized one dispite the fact that bitcoin itself is decentralized.
member
Activity: 182
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bitcoin is love
December 01, 2017, 07:10:40 AM
#37
i'm agree with you , bitcoin need to be regulate , it's like jungle out there and sometimes u see 20% up and down in one day!
too much risks and whales are abusing it , coz there is no one to stop them!
sr. member
Activity: 966
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December 01, 2017, 03:25:00 AM
#36
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.

That's true. I guess it has something to do with volatility. Cryptocurrencies, especially Bitcoin volatility is too high that makes it risky to hold as compared to fiat currencies, like USD. It's just a guess.  Smiley
legendary
Activity: 1137
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December 01, 2017, 01:57:19 AM
#35
Yes, I Totally agree with thecoinfinder! There is no official rate of Bitcoin in the trade market.
Exactly. Arbitrage is something that should be expected but it is not really going to be that huge. The most important thing is that for traders, and wherever they are exchanging, they are comfortable with the value they are paying for it and the last time I checked, the differences are not that much in most of these exchanges, except in some locations where things within the locality itself has gone wrong with the policies of the government just like in Zimbabwe.
sr. member
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November 24, 2017, 04:36:00 PM
#34
Bitcoin is not a self owned property, neither does it have any rules guarding it. Any one from anywhere can access and use bitcoin, that is why there are alot of bitcoin exchange sites. The price of bitcoin is always fluctuating, which means it does not have an official price.
From what TheCoinFinder said about those countries is another fact to show when it comes to the price.
There are many places to exchange, but why is the price of coins so different? I thought that the cost of bitcoins depends on demand and is the same everywhere.
full member
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Option Blitz
November 24, 2017, 02:55:07 PM
#33
yes, This is the due to of the fact that I love Bitcoin than Stock market. I won't have to wait to trade. It is really convenient

sr. member
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November 24, 2017, 02:24:12 PM
#32
Bitcoin is not a self owned property, neither does it have any rules guarding it. Any one from anywhere can access and use bitcoin, that is why there are alot of bitcoin exchange sites. The price of bitcoin is always fluctuating, which means it does not have an official price.
From what TheCoinFinder said about those countries is another fact to show when it comes to the price.
hero member
Activity: 966
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November 24, 2017, 02:21:43 PM
#31
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.
this is all because bitcoin is not controlled by anyone, bitcoin has a flexible market in all countries ,, and for now with a lot of exchange ,, and can trade it all over the market ,, it will be a huge advantage if we can manage it well .. it is the best way to get a very easy profit
sr. member
Activity: 602
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November 24, 2017, 02:21:25 PM
#30
Bitcoin is non-currency. Bitcoin live on the Internet and can be used to buy and sell the stuff online. Nobody prints or issues bitcoins like coins and notes. No one does any bank or government control it.


Bitcoin trading is a selling and buying process in bitcoin it called also transaction process in the bitcoin coin system so no one ,any bank or government control it, because there is no official bitcoin exchange and there is also no bitcoin price difference on the value of transaction on the exchange .You have to sell when the price is high.
legendary
Activity: 1526
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November 24, 2017, 11:17:05 AM
#29
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 are so many exchanges available in the world today. If you imagine doing arbitration is the right choice then I think it is a mistake. Because when i most of the exchange apply a fairly large fee, so if you want to do arbitration then we have to think a lot of things so we can get what we want. Different bitcoin prices differ depending on the volume of transactions on the exchange, but I think nowadays most of the exchange has almost the same rates and that is probably going to make the balance of bitcoin prices much more stable.
member
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November 24, 2017, 11:16:11 AM
#28
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.

first bitcoin is decentralised. So first thing there's no rules or government involved to trade bitcoin. The tangibles values is not there more on intangibles assets, unlike with the stocks exchanges with corresponding rules and regulations and depends on what country's jurisdictions. But today bitcoin trade is acceptable and highly in demand might as well be regulated soon but with minimal rules.
hero member
Activity: 910
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November 24, 2017, 11:07:44 AM
#27
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.
member
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November 24, 2017, 11:06:15 AM
#26
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.
legendary
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www.Crypto.Games: Multiple coins, multiple games
November 24, 2017, 10:55:25 AM
#25
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.
hero member
Activity: 966
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November 23, 2017, 05:18:10 PM
#24
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.
sr. member
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November 23, 2017, 06:52:26 AM
#23
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.
hero member
Activity: 2632
Merit: 833
November 23, 2017, 06:04:30 AM
#22
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.
member
Activity: 84
Merit: 10
November 23, 2017, 05:56:55 AM
#21
So... It’s very easy to trade Bitcoin  Wink
full member
Activity: 373
Merit: 100
November 23, 2017, 05:50:52 AM
#20
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.
sr. member
Activity: 644
Merit: 299
November 23, 2017, 05:25:39 AM
#19
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.
hero member
Activity: 1176
Merit: 509
November 23, 2017, 05:08:28 AM
#18
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.
member
Activity: 151
Merit: 10
November 23, 2017, 04:23:51 AM
#17
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.
hero member
Activity: 896
Merit: 520
November 23, 2017, 04:13:44 AM
#16
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.
hero member
Activity: 1218
Merit: 557
November 23, 2017, 04:05:31 AM
#15
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.
hero member
Activity: 2632
Merit: 833
November 23, 2017, 04:00:58 AM
#14
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.
member
Activity: 94
Merit: 10
November 23, 2017, 03:32:11 AM
#13
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.
sr. member
Activity: 763
Merit: 252
November 23, 2017, 03:29:10 AM
#12
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...
hero member
Activity: 1065
Merit: 510
November 23, 2017, 03:24:29 AM
#11
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.
full member
Activity: 196
Merit: 103
November 23, 2017, 02:59:37 AM
#10
^

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.
sr. member
Activity: 1274
Merit: 263
November 23, 2017, 02:47:08 AM
#9
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
full member
Activity: 196
Merit: 103
November 23, 2017, 02:29:00 AM
#8
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?
member
Activity: 111
Merit: 10
November 23, 2017, 01:44:55 AM
#7
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.
Each exchange has different characteristic, which very good for some trading strategy. It's about how many bitcoin is traded every day and other factors.
full member
Activity: 588
Merit: 100
November 23, 2017, 01:14:12 AM
#6
Yes different country and different exchange, the price of Bitcoin also different. So will be possible to do arbitrage but the problem is when Bitcoin confirmation transaction is too long , and also not all exchange provide methode deposit  in Bitcoin, any some exchange only provide deposit  only in fiat. Then some exchange also required verification ID , so will be not efisien when we should be create ahundreed account of exchange.
full member
Activity: 343
Merit: 124
November 23, 2017, 12:57:00 AM
#5
Unlike stock bitcoin is 24/7 and unlike forex, bitcoin and crypto trading has no fixed market rate. And this opens up a lot of possibilities.

If a regular trader is involved in more than 4 or 5 exchanges including fiat besides alt coins, Arbitrage trading shows a lot of promising opportunities. They invest some in promising coins, but trade whenever they find any arbitrage opportunities.
full member
Activity: 980
Merit: 114
November 23, 2017, 12:43:42 AM
#4
Though bitcoin has no central market for exchange were price are regulated within buyer and seller and many are taking advantage of it to make arbitrage trading there is still general accepted price areas par time. Traders take this general trading area to make their trading decisions.
jr. member
Activity: 60
Merit: 1
November 23, 2017, 12:42:55 AM
#3
Yes, I Totally agree with thecoinfinder! There is no official rate of Bitcoin in the trade market.
legendary
Activity: 938
Merit: 1001
November 23, 2017, 12:35:44 AM
#2
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.
member
Activity: 102
Merit: 14
November 23, 2017, 12:05:21 AM
#1
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.
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