Differences in btc value? | Bitcointalksearch.org

jrrsparkles

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Quote from: SteveStake on November 30, 2018, 12:44:53 AM

You can think of each exchange like a miniature economy within the economy so the prices are about the same but slightly vary. Another example would looking at the price of gas with Bitcoin representing gas and gas stations representing exchanges. Based on location gas will cost you more or less as the demand increases or decreases for it.

The gas prices changes based on demand but difference in gas price between two fuel station is due to the city and highway limit and also the transportation cost

Bitcoin price change from exchanges are based on the demand and supply changes in each exchanges we can see the all over price changes by using CMC market tab.

yitzjoe

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crypto trading occurs on the internet and the culprit is all users throughout the world and it happens at one time, where they have different requests and offers so that prices fluctuate quickly. as long as the market continues to be decentralized, prices will continue to be created by market mechanisms

SteveStake

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You can think of each exchange like a miniature economy within the economy so the prices are about the same but slightly vary. Another example would looking at the price of gas with Bitcoin representing gas and gas stations representing exchanges. Based on location gas will cost you more or less as the demand increases or decreases for it.

aeternus

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Quote from: sukoon on October 19, 2017, 04:02:38 AM

Why there are significant differences in current BTC value between different exchanges.

Differences like that emerge in any market, if you go to a store you will see some products at a certain price and if you visit another store you will see the same products with slightly different prices, this happens in every country regardless of the market and this happens with cryptocurrencies as well, do not worry too much about it, the differences most of the time are minimal and are not a problem to anyone.

sublime5447

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Quote from: OmegaStarScream on October 19, 2017, 04:08:48 AM

The price is based on supply and demand. We had this case with India and China too before they close their exchanges. If for example India had a high demand for bitcoin then you will see a 5-10% higher price compared to International price in the other exchanges. It's totally normal, If you could manage to register there and somehow sell your coins then you could actually make this profitable for you.

That’s a good advantage, because as far as I know it's a selling strategy for daily traders to take advantage of high demand for profits in a short time due to high demand in the local country. But now it has been closed, to register for a local trade in a country with high demand is a little more difficult.

Carlsen

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It is sometimes the case that people have only access to exchanges in their own country.
If people in that area decide to buy more bitcoins (maybe because of some economic crisis), the price in that region increases because most people have no other option than to buy at that high price.
People who can buy wherever they want are not affected because they can choose the lowest price!

rose9696

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Quote from: sukoon on October 19, 2017, 04:02:38 AM

Why there are significant differences in current BTC value between different exchanges.

It depends on the buying and selling needs of investors. If you have just heard a good news that has not been released, you probably would have bought a lot of bitcoins in any trading platform. then its price will rise and it will make the price becomes vary between exchanges.

itsik78

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Different prices come down to several factors:
1. liquidity. Bitcoin trading can be huge on larger exchanges and much lower on smaller exchanges. These differences in supply affect the price.
2. The movement of money through exchanges can be erratic and inefficient and requires a large amount of collateral to work effectively. This means that it is difficult for traders to trade, given all the differences between the exchanges, which makes it possible to keep these price differences longer than on a more efficient market.
3. There is no generally accepted way to set prices for Bitcoin, which means that no one knows how much it is “presumably” worth. Its price is based solely on trade.

nur rochid

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Quote from: loopes on November 14, 2018, 06:41:06 AM

There is no official exchanges site for bitcoin, it doesn't mean that this is a bad things, it's also applies for all cryptocurrency except USDT, I usually can take advantage from this situation, I always choose exchanges site which has low bitcoin price to buy btc and choose other exchanges site which has high btc price to sell my bitcoin.

many use arbitrage systems like you. indeed it is legitimate, but it must be observant also because of price fluctuations that are rapidly changing. therefore use the best opportunity possible occure

NoobyIntellecutual

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Quote from: UchihaRukawa on November 14, 2018, 06:02:08 AM

The cryptoworld is full of coins that are highly volatile, you can easily buy and sell cryptocurrencies whenever you want to, so I think, that is one of the main reasons why cryptocurrencies are just so volatile. Another is those whales who are trying to control the price in the market, and that makes the value of the coins so volatile as well.

But among all, bitcoin has its own place. No one can reach its level. It has become the most used coin in cryptocurrency world. Some other altcoins like eth and LTC made good history too.

BoitCoinZen

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Quote from: wahyu wida on November 13, 2018, 10:50:32 PM

Quote from: imstillthebest on November 13, 2018, 09:37:03 PM

Just like everyone said , the main reason why every other exchange set their own rates is because for the profit. Not only for the profit but it does also depend on the service , let say a high end online exchange will charge a little bit expensive because they set a high fees so that they can send and recieve your coins more faster when compared to regular online exchanges .

of course every exchange has a different calculation, and with different targets. so the set rate will be different. i think we as traders actually have many choices that are in accordance with our desire to use an exchange

I think there is no such different values of bitcoin. It is one but yes, the exchanges are always showing it different. Some include their profits and they often manipulate to capture big audience.

loopes

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There is no official exchanges site for bitcoin, it doesn't mean that this is a bad things, it's also applies for all cryptocurrency except USDT, I usually can take advantage from this situation, I always choose exchanges site which has low bitcoin price to buy btc and choose other exchanges site which has high btc price to sell my bitcoin.

UchihaRukawa

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The cryptoworld is full of coins that are highly volatile, you can easily buy and sell cryptocurrencies whenever you want to, so I think, that is one of the main reasons why cryptocurrencies are just so volatile. Another is those whales who are trying to control the price in the market, and that makes the value of the coins so volatile as well.

Douglasyukanov

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Quote from: wahyu wida on November 13, 2018, 10:50:32 PM

Quote from: imstillthebest on November 13, 2018, 09:37:03 PM

Just like everyone said , the main reason why every other exchange set their own rates is because for the profit. Not only for the profit but it does also depend on the service , let say a high end online exchange will charge a little bit expensive because they set a high fees so that they can send and recieve your coins more faster when compared to regular online exchanges .

of course every exchange has a different calculation, and with different targets. so the set rate will be different. i think we as traders actually have many choices that are in accordance with our desire to use an exchange

but the price difference is not too far between exchanges,
if arbitration is carried out we must think of the amount of withdrawal fees on the Exchange.

wahyu wida

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Quote from: imstillthebest on November 13, 2018, 09:37:03 PM

Just like everyone said , the main reason why every other exchange set their own rates is because for the profit. Not only for the profit but it does also depend on the service , let say a high end online exchange will charge a little bit expensive because they set a high fees so that they can send and recieve your coins more faster when compared to regular online exchanges .

of course every exchange has a different calculation, and with different targets. so the set rate will be different. i think we as traders actually have many choices that are in accordance with our desire to use an exchange

patarfweefwee

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I think it is more on the processing fee exchanges have on top of the crypto currency price. Of course these exchanges needs to profit and this is the way they do it. Of course tou would want to do your transactions on exchanges that are actually secured and instantaneous so in this way, the price of the exchange itself is not the only variable.

imstillthebest

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Just like everyone said , the main reason why every other exchange set their own rates is because for the profit. Not only for the profit but it does also depend on the service , let say a high end online exchange will charge a little bit expensive because they set a high fees so that they can send and recieve your coins more faster when compared to regular online exchanges .

faceoff97

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Quote from: sukoon on October 19, 2017, 04:02:38 AM

Why there are significant differences in current BTC value between different exchanges.

YES， you can actually see it all in one platform call bitsgap and do buy and selling. The platform also allows you to gain profit from tge difference of prices. You should try it while free, they will apply subscription fee next year so better take opportunity of it. But after trading be sure not keep it in an exhange or closed source Waller, its still best to keep it in opensource like electrum or HodLer wallet if yiu have multiple assets.

rosemary4u

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Exactly, I have been thinking about the same issue. Most of the times, the variations in the price of bitcoin is really wide and is really overwhelming. I believe sometimes the reasons goes beyond the demand and supply, some exchanges always have their price to be low whiles in other instances the situation is vice versa in some exchanges.

Ewinsane

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Quote from: Qunenin on September 16, 2018, 03:53:11 AM

Quote from: herrzinfakt on August 24, 2018, 07:06:19 AM

It's all about the volume if I'm correct. The supply and demand in each exchange is slightly if not largely different. So more demand obviously means higher price and vice versa. They are not that significant though.

The difference in different exchanges is not so significant to be able to do arbitrage trading.

It can't be as I believe these days, there are arbitrage bots and there are those who are trying to take advantage of that arbitrage every single minute to make it worthwhile for them. As a result of this, it is usually first come first serve. Nevertheless, the market is maturing gradually and most especially for the high volume markets.

For btc, the difference is not even something that would be worth it, considering the time it would take for you to complete a single transaction, with the level at which price could change within that period. For some alts though, this could still be possible

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