Here's another thread that may help you out.
http://bitcoin.stackexchange.com/questions/12670/why-dont-people-buy-at-one-exchange-and-sell-at-another
Topic: Confused by trading (Read 667 times)
Hi guys
Ok im totally new so dont flame me if this is a stupid question.
I joined 2 different trading platforms, mtgox and bitstamp. I saw the price per bitcoin on mtgox is £233 per coin ($389), where as to buy a bitcoin on bitstamp is $647
Well doesnt that mean i can buy a coin on mtgox and sell it on bitstamp for nearly twice as much?? Or am i missing something and they are not interchangable? so i cant send my coins from mtgox to bitstamp etc?
Ok im totally new so dont flame me if this is a stupid question.
I joined 2 different trading platforms, mtgox and bitstamp. I saw the price per bitcoin on mtgox is £233 per coin ($389), where as to buy a bitcoin on bitstamp is $647
Well doesnt that mean i can buy a coin on mtgox and sell it on bitstamp for nearly twice as much?? Or am i missing something and they are not interchangable? so i cant send my coins from mtgox to bitstamp etc?
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