Good luck moving USD between exchanges around the world. While technically possible, the process takes days and there are fees. I expect that only very big, very well-banked players can succeed at this arbitrage
Search the forum and you will see that getting money out of Mt Gox is a nightmare. This is why Mt Gox prices are higher - nobody can get USD out of Gox, so there is little net selling on the exchange.
Topic: The simplest trade? (Read 671 times)
Hi,
I'm a noob to the trading world with not too many bitcoins. Just now I'm just keeping them while the price goes up but I would like to maximize my profit by trading a bit.
I was just reading https://bitcointalksearch.org/topic/seat-of-your-pants-crypto-currency-trading-guide-moved-262525 but that would take me a while.
I've noticed that price of BTC/USD varies a lot between markets and I wonder if there is any way of taking advantage of that difference (with any coin for that matter)
For example, to sell a bit coin for CHN and then buy a new bitcoin with that fiat money in another market for 30% less.
Or sell in Mt Gox for USD and then somehow deposit those USD in BTC-E and buy LTC?
Thanks and I'm sorry if that's a stupid question.
I'm a noob to the trading world with not too many bitcoins. Just now I'm just keeping them while the price goes up but I would like to maximize my profit by trading a bit.
I was just reading https://bitcointalksearch.org/topic/seat-of-your-pants-crypto-currency-trading-guide-moved-262525 but that would take me a while.
I've noticed that price of BTC/USD varies a lot between markets and I wonder if there is any way of taking advantage of that difference (with any coin for that matter)
For example, to sell a bit coin for CHN and then buy a new bitcoin with that fiat money in another market for 30% less.
Or sell in Mt Gox for USD and then somehow deposit those USD in BTC-E and buy LTC?
Thanks and I'm sorry if that's a stupid question.
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