Not many of them are doing it otherwise there would be no big difference.
Hence it's not easy thing to do otherwise there would be many of them doing it and there would be no big difference, lol.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32056. (Read 26608252 times)
November 12, 2013, 09:37:06 PM
November 12, 2013, 09:35:00 PM
Sure, but still at some point it must become profitable for someone.. If btcchina was at $1m/bitcoin and Btc-e was at $100/bitcoin, someone wouldn't take advantage?
Cmon homeboy
Cmon homeboy
But I don't understand why CHINESE people don't do this. You don't need an American partner or a trip to America to open a USD-denominated bank account.
Pretty much every Chinese Bitcoiner should be cashing in on their 50k right now...
Pretty much every Chinese Bitcoiner should be cashing in on their 50k right now...
i'm sure someone is taking advantage of it,
but it's still china, could become a lot of hassle if you don't have the right connections.
November 12, 2013, 09:33:15 PM
One could really play the market last few days just on trading hours. It's almost a rule that price goes up when China wakes up and dips when they're ready to hit the bed. Same pattern for days.
But maybe today's different and China won't go to bed, helping us to go to the moon.!
I'm not sure you're talking that to the guy who actually wants that, hehe... I wouldn't mind BTC going to $5000 but 600-700 would be bad thing for my positions right now.
November 12, 2013, 09:31:37 PM
And then people say Gox price doesn't matter.
November 12, 2013, 09:30:14 PM
One could really play the market last few days just on trading hours. It's almost a rule that price goes up when China wakes up and dips when they're ready to hit the bed. Same pattern for days.
But maybe today's different and China won't go to bed, helping us to go to the moon.!
November 12, 2013, 09:29:23 PM
I can't even go to the zoo anymore. I see the bears and just lose it..
Such blood sucking parasites.
Such blood sucking parasites.
November 12, 2013, 09:28:06 PM
One could really play the market last few days just on trading hours. It's almost a rule that price goes up when China wakes up and dips when they're ready to hit the bed. Same pattern for days.
November 12, 2013, 09:26:59 PM
November 12, 2013, 09:26:26 PM
420 BTC buy on MtGox, haven't seen one like that for a while. Definitely another assault on 400 is coming.
On the other hand there are too many asks.
Bunch of retarded bears ruinin' the day.
November 12, 2013, 09:24:23 PM
420 BTC buy on MtGox, haven't seen one like that for a while. Definitely another assault on 400 is coming.
On the other hand there are too many asks.
November 12, 2013, 09:22:23 PM
420 BTC buy on MtGox, haven't seen one like that for a while. Definitely another assault on 400 is coming.
November 12, 2013, 09:19:23 PM
*checking chinese subforum*
https://bitcointalksearch.org/topic/looking-for-a-chinese-partner-to-arbitrage-with-329534
Remember how BTC-E has always had low prices? There's a reason for that: hard to get money in.
And you know how now BTCCHINA has really high prices? There's a reason for that, too: hard to get money out.
If it was easy to do, people would already be doing it and we wouldn't see as large a gap as we do. China is a Communist country, and they have a strong hold on their currency. Just doing some quick Googling, Chinese residents can only send $50,000 per year overseas.
So, let's say you put up $45,000 to buy 150 coins. Send them to China, sell for $340 each, split the $6,000 profit with your Chinese partner, and have them wire back $48,000 (while also possibly paying taxes and bank fees, etc).
Oh, and don't forget to add in your trip to China
So you might make $3,000 for the year. You could exceed the limit by having your Chinese contact's friends and relatives send you transfers in their names, but it seems like that would require even more trust. And if the price of bitcoins goes way up and the price difference stays the same, you'll hit your limit earlier and make less profit.
It's a nice idea in theory, but I don't think it will pan out as well as it looks. Please let us know if you do try it, though!
And you know how now BTCCHINA has really high prices? There's a reason for that, too: hard to get money out.
If it was easy to do, people would already be doing it and we wouldn't see as large a gap as we do. China is a Communist country, and they have a strong hold on their currency. Just doing some quick Googling, Chinese residents can only send $50,000 per year overseas.
So, let's say you put up $45,000 to buy 150 coins. Send them to China, sell for $340 each, split the $6,000 profit with your Chinese partner, and have them wire back $48,000 (while also possibly paying taxes and bank fees, etc).
Oh, and don't forget to add in your trip to China
So you might make $3,000 for the year. You could exceed the limit by having your Chinese contact's friends and relatives send you transfers in their names, but it seems like that would require even more trust. And if the price of bitcoins goes way up and the price difference stays the same, you'll hit your limit earlier and make less profit.
It's a nice idea in theory, but I don't think it will pan out as well as it looks. Please let us know if you do try it, though!
But I don't understand why CHINESE people don't do this. You don't need an American partner or a trip to America to open a USD-denominated bank account.
Pretty much every Chinese Bitcoiner should be cashing in on their 50k right now...
November 12, 2013, 09:18:51 PM
In the meanwhile..
Btcchina at almost $400, compared to Stamp at $365. And still apparently no one has figured out the arbitrage.
Btcchina at almost $400, compared to Stamp at $365. And still apparently no one has figured out the arbitrage.
you need a chinese bank account to withdraw your fiat, but you need to visit china to get a bank account
thats the problem
I'm not implying most people could do it. But surely someone could do it, and would be doing it, you'd think.
lol
*checking chinese subforum*
https://bitcointalksearch.org/topic/looking-for-a-chinese-partner-to-arbitrage-with-329534
Remember how BTC-E has always had low prices? There's a reason for that: hard to get money in.
And you know how now BTCCHINA has really high prices? There's a reason for that, too: hard to get money out.
If it was easy to do, people would already be doing it and we wouldn't see as large a gap as we do. China is a Communist country, and they have a strong hold on their currency. Just doing some quick Googling, Chinese residents can only send $50,000 per year overseas.
So, let's say you put up $45,000 to buy 150 coins. Send them to China, sell for $340 each, split the $6,000 profit with your Chinese partner, and have them wire back $48,000 (while also possibly paying taxes and bank fees, etc).
Oh, and don't forget to add in your trip to China
So you might make $3,000 for the year. You could exceed the limit by having your Chinese contact's friends and relatives send you transfers in their names, but it seems like that would require even more trust. And if the price of bitcoins goes way up and the price difference stays the same, you'll hit your limit earlier and make less profit.
It's a nice idea in theory, but I don't think it will pan out as well as it looks. Please let us know if you do try it, though!
And you know how now BTCCHINA has really high prices? There's a reason for that, too: hard to get money out.
If it was easy to do, people would already be doing it and we wouldn't see as large a gap as we do. China is a Communist country, and they have a strong hold on their currency. Just doing some quick Googling, Chinese residents can only send $50,000 per year overseas.
So, let's say you put up $45,000 to buy 150 coins. Send them to China, sell for $340 each, split the $6,000 profit with your Chinese partner, and have them wire back $48,000 (while also possibly paying taxes and bank fees, etc).
Oh, and don't forget to add in your trip to China
So you might make $3,000 for the year. You could exceed the limit by having your Chinese contact's friends and relatives send you transfers in their names, but it seems like that would require even more trust. And if the price of bitcoins goes way up and the price difference stays the same, you'll hit your limit earlier and make less profit.
It's a nice idea in theory, but I don't think it will pan out as well as it looks. Please let us know if you do try it, though!
Sure, but still at some point it must become profitable for someone.. If btcchina was at $1m/bitcoin and Btc-e was at $100/bitcoin, someone wouldn't take advantage?
Cmon homeboy
November 12, 2013, 09:17:58 PM
Big 400 $ resistance. but big bid sizes too. All kind of things can happen now really. If there's one big ask and get removed it's going up wildly. But then again, there's lot of money below to dump on now.
Shit..
Shit..
November 12, 2013, 09:15:58 PM
In the meanwhile..
Btcchina at almost $400, compared to Stamp at $365. And still apparently no one has figured out the arbitrage.
Btcchina at almost $400, compared to Stamp at $365. And still apparently no one has figured out the arbitrage.
you need a chinese bank account to withdraw your fiat, but you need to visit china to get a bank account
thats the problem
I'm not implying most people could do it. But surely someone could do it, and would be doing it, you'd think.
lol
*checking chinese subforum*
"Looking for a Chinese partner to arbitrage with" (https://bitcointalksearch.org/topic/looking-for-a-chinese-partner-to-arbitrage-with-329534)
Remember how BTC-E has always had low prices? There's a reason for that: hard to get money in.
And you know how now BTCCHINA has really high prices? There's a reason for that, too: hard to get money out.
If it was easy to do, people would already be doing it and we wouldn't see as large a gap as we do. China is a Communist country, and they have a strong hold on their currency. Just doing some quick Googling, Chinese residents can only send $50,000 per year overseas.
So, let's say you put up $45,000 to buy 150 coins. Send them to China, sell for $340 each, split the $6,000 profit with your Chinese partner, and have them wire back $48,000 (while also possibly paying taxes and bank fees, etc).
Oh, and don't forget to add in your trip to China
So you might make $3,000 for the year. You could exceed the limit by having your Chinese contact's friends and relatives send you transfers in their names, but it seems like that would require even more trust. And if the price of bitcoins goes way up and the price difference stays the same, you'll hit your limit earlier and make less profit.
It's a nice idea in theory, but I don't think it will pan out as well as it looks. Please let us know if you do try it, though!
And you know how now BTCCHINA has really high prices? There's a reason for that, too: hard to get money out.
If it was easy to do, people would already be doing it and we wouldn't see as large a gap as we do. China is a Communist country, and they have a strong hold on their currency. Just doing some quick Googling, Chinese residents can only send $50,000 per year overseas.
So, let's say you put up $45,000 to buy 150 coins. Send them to China, sell for $340 each, split the $6,000 profit with your Chinese partner, and have them wire back $48,000 (while also possibly paying taxes and bank fees, etc).
Oh, and don't forget to add in your trip to China
So you might make $3,000 for the year. You could exceed the limit by having your Chinese contact's friends and relatives send you transfers in their names, but it seems like that would require even more trust. And if the price of bitcoins goes way up and the price difference stays the same, you'll hit your limit earlier and make less profit.
It's a nice idea in theory, but I don't think it will pan out as well as it looks. Please let us know if you do try it, though!
November 12, 2013, 09:15:03 PM
I've been away from my computer for a couple hours. What is going on? Is it safe to get some sleep tonight?
Yea, no worries. It's going to the moon, with or without you.
I'm skeptic about this new trip to the moon. It seems to me that the rocket doesn't want to take off.
November 12, 2013, 09:14:27 PM
I've been away from my computer for a couple hours. What is going on? Is it safe to get some sleep tonight?
I've slept with a gun under my pillow ever since I first found Bitcoin.
November 12, 2013, 09:13:17 PM
I've been away from my computer for a couple hours. What is going on? Is it safe to get some sleep tonight?
Yea, no worries. It's going to the moon, with or without you.
November 12, 2013, 09:12:19 PM
Just wanted to drop a quick and big thank you! I just love it around here (lurking...), Bitcoin improves my life just for the euphoria. I'm in that mood since months. Can't believe that I really do live in these exciting times.
Btw: Stamp at 368$
Btw: Stamp at 368$
well welcome in!
don't be a stranger
November 12, 2013, 09:11:59 PM
I've been away from my computer for a couple hours. What is going on? Is it safe to get some sleep tonight?
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