Author

Topic: CAVirtex is a joke right now.... (Read 983 times)

legendary
Activity: 2282
Merit: 1050
Monero Core Team
April 02, 2014, 01:03:35 AM
#10
This has happened a lot over the last two years. CAVirtex has been overrun more often than not by polar bears. My theory is that cold winters combined with relatively low electricity prices makes Canada a much better than average place to mine BTC. The result is that Canada is a net exporter of BTC leading to lower prices.  A similar argument can be made for LTC.

Wait until after the spring thaw and the bulls will drive out those polar bears and grizzlies.  Cool

Over the years I have learned to really appreciate these polar bears, since they have assisted me greatly in building up my BTC portfolio. I mean back in 2012 it was rally good to pay say 4.78 USD rather than say 5.02 USD per BTC. It actually worked all through the summer. These uniquely Canadian bears rarely went into hibernation.

I expect in later years others will also learn to appreciate their activity this summer also. 
legendary
Activity: 2030
Merit: 1000
My money; Our Bitcoin.
April 01, 2014, 11:24:12 PM
#9
This has happened a lot over the last two years. CAVirtex has been overrun more often than not by polar bears. My theory is that cold winters combined with relatively low electricity prices makes Canada a much better than average place to mine BTC. The result is that Canada is a net exporter of BTC leading to lower prices.  A similar argument can be made for LTC.

Wait until after the spring thaw and the bulls will drive out those polar bears and grizzlies.  Cool
legendary
Activity: 2282
Merit: 1050
Monero Core Team
April 01, 2014, 07:43:05 PM
#8
This has happened a lot over the last two years. CAVirtex has been overrun more often than not by polar bears. My theory is that cold winters combined with relatively low electricity prices makes Canada a much better than average place to mine BTC. The result is that Canada is a net exporter of BTC leading to lower prices.  A similar argument can be made for LTC.
legendary
Activity: 817
Merit: 1000
April 01, 2014, 05:40:13 PM
#7
Extreme low-balling in both BTC and LTC prices. The CDN dollar is only worth 90% of the US dollar yet prices across the board for BTC/CDN and LTC/CDN are lower than BTC-e and Bitstamp. I hope none of my fellow Canadians are being duped to sell at these prices (they shouldn't be selling now anyways)....

On the bright side, there could be some serious arbitrage to be done in the right hands...

Low prices is a joke?  Why not load up on bitcoin at these depressed levels then?  Is there an issue with withdrawing from the site?

Nope. I for one have been loving this. 300 coin sell order seems to be the culprit.

Is there any way to trade on there from the US?  Im guessing there is not but that discount is pretty significant.  Would make for a nice arb opportunity.

No, Canadian only exchange.
full member
Activity: 126
Merit: 100
April 01, 2014, 05:38:01 PM
#6
Extreme low-balling in both BTC and LTC prices. The CDN dollar is only worth 90% of the US dollar yet prices across the board for BTC/CDN and LTC/CDN are lower than BTC-e and Bitstamp. I hope none of my fellow Canadians are being duped to sell at these prices (they shouldn't be selling now anyways)....

On the bright side, there could be some serious arbitrage to be done in the right hands...

Low prices is a joke?  Why not load up on bitcoin at these depressed levels then?  Is there an issue with withdrawing from the site?

Nope. I for one have been loving this. 300 coin sell order seems to be the culprit.

Is there any way to trade on there from the US?  Im guessing there is not but that discount is pretty significant.  Would make for a nice arb opportunity.
legendary
Activity: 817
Merit: 1000
April 01, 2014, 05:10:46 PM
#5
Extreme low-balling in both BTC and LTC prices. The CDN dollar is only worth 90% of the US dollar yet prices across the board for BTC/CDN and LTC/CDN are lower than BTC-e and Bitstamp. I hope none of my fellow Canadians are being duped to sell at these prices (they shouldn't be selling now anyways)....

On the bright side, there could be some serious arbitrage to be done in the right hands...

Low prices is a joke?  Why not load up on bitcoin at these depressed levels then?  Is there an issue with withdrawing from the site?

Nope. I for one have been loving this. 300 coin sell order seems to be the culprit.
full member
Activity: 126
Merit: 100
April 01, 2014, 11:07:39 AM
#4
Extreme low-balling in both BTC and LTC prices. The CDN dollar is only worth 90% of the US dollar yet prices across the board for BTC/CDN and LTC/CDN are lower than BTC-e and Bitstamp. I hope none of my fellow Canadians are being duped to sell at these prices (they shouldn't be selling now anyways)....

On the bright side, there could be some serious arbitrage to be done in the right hands...

Low prices is a joke?  Why not load up on bitcoin at these depressed levels then?  Is there an issue with withdrawing from the site?
legendary
Activity: 1722
Merit: 1000
April 01, 2014, 10:46:59 AM
#3
I wish VOS prices where that low.. I'd buy.
legendary
Activity: 2296
Merit: 1014
April 01, 2014, 10:22:55 AM
#2
there is reason that there is no arbitrage, too much risk
just dont use it Smiley
hero member
Activity: 910
Merit: 501
April 01, 2014, 02:28:05 AM
#1
Extreme low-balling in both BTC and LTC prices. The CDN dollar is only worth 90% of the US dollar yet prices across the board for BTC/CDN and LTC/CDN are lower than BTC-e and Bitstamp. I hope none of my fellow Canadians are being duped to sell at these prices (they shouldn't be selling now anyways)....

On the bright side, there could be some serious arbitrage to be done in the right hands...
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