Differences in btc value? - page 6. | Bitcointalksearch.org

swaptaker

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Quote from: Yakamoto on December 17, 2017, 12:24:39 PM

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

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

It comes down to the natural price differences due to arbitrage being a challenge for the Bitcoin network, due to confirmation times and everything. It also comes down to choices on the exchanges too, since exchanges are almost closed systems and don't experience any significant influence from the outside as they are quite limited in their incoming Bitcoin (most of the time) and a lot of Bitcoin is exchanged within whatever exchange it goes to; it doesn't move around a lot.

There are also some issues with having money in other currencies or countries that you would not necessarily be able to access all the time.

Arbitrage is really expensive, you need capital in fiat money and bitcoins to make simultaneous transactions between different exchanges. And each excahnge is independent from each other and they're free. So it's normal to see price differences between them.

KaliLinux

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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.

Its a simple strategy which is common for any market. Totally based on the supply and demand.
If the usage is high it will automatically create a demand which increases the price automatically. In my region its bit high compared with other countries. It is applicable in any market or a product. If you want to learn more about various sector just google Economics and study about that. You can learn about various statistical analysis specifically about bitcoin.

Yakamoto

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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 comes down to the natural price differences due to arbitrage being a challenge for the Bitcoin network, due to confirmation times and everything. It also comes down to choices on the exchanges too, since exchanges are almost closed systems and don't experience any significant influence from the outside as they are quite limited in their incoming Bitcoin (most of the time) and a lot of Bitcoin is exchanged within whatever exchange it goes to; it doesn't move around a lot.

There are also some issues with having money in other currencies or countries that you would not necessarily be able to access all the time.

MoonJeina

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The differences are obviously because of currency difference . For the currency differences there will be different prices and values for bitcoin .
This also depends upon the supply and the demand of bitcoin in different parts of world . Due to the growth of the demands the value for different exchanges increases simontaneouy . Bidding can also influence the decision making.

@matthew17

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Btc or bitcoin value changes everyday or increases everyday but sometimes it also decreases .

yanlap

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Quote from: semobo on December 16, 2017, 09:24:11 AM

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

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

As you said bitcoin value is different from exchange to exchange this kay due to the traders who are going to sell their bitcoins so they might fix the value,in some exchanges the price is higher than the market value of bitcoin,so if you are a going to purchase or want to sell you bitcoins need to search different exchanges for getting more profits.

Yeah the more you will search the more profit you will get and it is not good to just go and sell it is good to wait long till bitcoin price will be stable for some time. If you are not finding right person to buy your bitcoin is not the end just go for other people and say about bitcoin. It is now helping a lot of people that they have patience and they can wait for perfect time and perfect person to sell their bitcoin.

dothebeats

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Quote from: semobo on December 16, 2017, 09:24:11 AM

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

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

As you said bitcoin value is different from exchange to exchange this kay due to the traders who are going to sell their bitcoins so they might fix the value,in some exchanges the price is higher than the market value of bitcoin,so if you are a going to purchase or want to sell you bitcoins need to search different exchanges for getting more profits.

Arbitraging isn't that easy as most people really think. You need to have fast transfers over different exchanges for your trades to become effective and maximize all your profits. At this point in time arbitraging bitcoins really sucks because the fees together with the confirmation time is really bad. Not to mention that you also need to be verified into all of these exchanges in order to get quick release on your withdrawals for your next trades.

BillCoin

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Think about it like that.

Let's say in one country the demand of bitcoin is very very big compared to the supply, which makes the bitcoin in that country to go far beyond the price of bitcoin on other countries.

Now people want to airbitrage to gain from the difference right?
But that country makes it really hard with regulation, as it costs a lot of money and time to transfer funds from an abroad bank to that country, so it is almost impossible to profit from price differences, so the price differences remain the same, and that's also the reason why in Zimbabue the price of bitcoin is almost 30K$ right now.

Majharul Saiif

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There are many difference in Bitcoin value.Because, it is generally not stable. It's price is changeable. Now,its price is so expensive.

Strongkored

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Quote from: sukoon on October 19, 2017, 04:14:01 AM

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.

thank you sir Grin

it means its an opportunity to gain more profit.

Yes OmegaStarScream statement is true.
In addition to calculating profit also count the transaction fee and time for the transaction get confirmation.

olushakes

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Quote from: semobo on December 16, 2017, 09:24:11 AM

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

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

As you said bitcoin value is different from exchange to exchange this kay due to the traders who are going to sell their bitcoins so they might fix the value,in some exchanges the price is higher than the market value of bitcoin,so if you are a going to purchase or want to sell you bitcoins need to search different exchanges for getting more profits.

It does not automatically translate to profit based on the difference in price across exchange site because the amount of of difference might not be enough to cover for costs of making the exchange considering the transaction fee of buying from one exchange site to the one of withdrawing then having to pay the same fees on where to sell then withdraw again, it just needs serious calculation before engaging in such.

Charisse1229

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Bitcoin value now is more different from exchange becuase traders choice if what value they want to exchange. Bitcoin is much more value now, so in exchange for sure it is much more different. So for us, we want more much value of bitcoin, but for tge traders, they dont want the value of bitcoin will rise high.

semobo

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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.

As you said bitcoin value is different from exchange to exchange this kay due to the traders who are going to sell their bitcoins so they might fix the value,in some exchanges the price is higher than the market value of bitcoin,so if you are a going to purchase or want to sell you bitcoins need to search different exchanges for getting more profits.

reda

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Quote from: Nanot on December 16, 2017, 08:11:32 AM

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

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

The reason behind that is btc can increase in a unexpectable value that other currencies could not reach it. Btc value and level is different to other currency,All because other currency has a limmitation in term of thier exchanges.

Yeah bitcoin is differt in the all currecny. Bitcoin pricess not stabal. So it will change the prices day by day. It differ for the currency. Bitcoin is future currency. It digital so it reach every one. So most of the people know the process. Bitoin is help to country and country people. It's digotal currency so people easy to transactions for the future saving. It will help to invest and improve you business process. It will helpful to transaction process. It differt proces. So it is careful to handle. If addres is chage you can't find the amount will transfer. So you will know the process. Befor you will send.

zarados

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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.

Yes, you might think that exchange, where you do buy and sell, is doing a game with bitcoin price. It's not like that. All have their respective formulas, and the formula base is almost the same, ie the position of demand and supply, so that it can affect the price rise and different from other exchange. Not only that, the price difference between the exchange is also influenced by the trading habits of its users, as well as the difference in the currency rate at which the exchange place operates. So if you send your bitcoin to a higher-priced exchange you will be surprised to see results that are not so different from the previous exchange price.

Nanot

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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.

The reason behind that is btc can increase in a unexpectable value that other currencies could not reach it. Btc value and level is different to other currency,All because other currency has a limmitation in term of thier exchanges.

cydrix

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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.

For starters Bitcoin has never been implemented as the original price. As of now bitstamp has the highest i think cause i recently speculated about it yesterday. All exchanges has their strategies only some exchanges implements the original price of it i think on bittrex is fair enough

dali_masmoudi

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It is obvious; because the currencies Don't have to same value so the Bitcoin will not be the same in different currencies.
Many are asking why Don't we have a global currency ?
It is a good idea for everyone but sometimes it is depassing countries' privacy if you oblige them to use this global coin.

Jannatul Shefa

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Yeah. There's differences in bitcoin's value.It is happened because of supply and exchanges.Also different altcoin has different value.So that's why there are differences in bitcoin's value.

1NV3ST0NM3

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Quote from: sukoon on October 19, 2017, 04:14:01 AM

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.

thank you sir Grin

it means its an opportunity to gain more profit.

Thats not easy to sell here at Indian exchanges. Your INR are not transfered to any paypal. You need to have an Indian bank account with KYC. If it was that easy you would find hundreds of people doing this.

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