Author

Topic: Why is there many bitcoin exchange! (Read 968 times)

legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
February 20, 2014, 06:54:29 PM
#11
We need at least 1 exchange for each currency, and there just isn't enough for them.
Each currency? That would take forever.

Yeah, that would be a new exchange every day.   Have you tried clicking "show unread posts since last visit" lately?  An exchange for each currency would make crypto look like a joke to the entire world...
legendary
Activity: 2674
Merit: 2965
Terminated.
February 20, 2014, 06:27:40 PM
#10
We need at least 1 exchange for each currency, and there just isn't enough for them.
Each currency? That would take forever.
hero member
Activity: 672
Merit: 500
February 20, 2014, 06:20:14 PM
#9
We need at least 1 exchange for each currency, and there just isn't enough for them.
legendary
Activity: 2674
Merit: 2965
Terminated.
February 20, 2014, 06:18:01 PM
#8
it's a good thing from my view.
The more the better.
sr. member
Activity: 434
Merit: 250
February 20, 2014, 07:19:15 AM
#7
it's a good thing from my view.
global moderator
Activity: 3934
Merit: 2676
Join the world-leading crypto sportsbook NOW!
February 20, 2014, 07:18:08 AM
#6
Could someone please explain why is there so many bitcoin exchange, each trading price doesn't seem to correlate between different exchange, aren't all bitcoin the same value?

1 Bitcoin is worth 1 Bitcoin, so yes, they are all the same value, but people pay different prices for them with fiat. Are all items the same price in different stops too?
legendary
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
February 20, 2014, 02:17:18 AM
#5
Arbitrage exists based on liquidity and the ability to transfer coins easily between them
Security concerns sometimes impact prices like with gox leading to different prices
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
February 20, 2014, 02:15:38 AM
#4
There actually aren't enough exchanges. Think of how many exchanges there are, and then think of how many countries there are. There isn't even 1 exchange for every 3 countries.  There isn't even really a major exchange for each continent.
donator
Activity: 1218
Merit: 1079
Gerald Davis
February 20, 2014, 01:56:10 AM
#3
Could someone please explain why is there so many bitcoin exchange, each trading price doesn't seem to correlate between different exchange, aren't all bitcoin the same value?

Why isn't there only one gold shop in the entire world?  Who needs 2 or 2,000?
legendary
Activity: 2674
Merit: 2965
Terminated.
February 20, 2014, 01:49:43 AM
#2
You mean, why are there only a few exchanges?
Use the search button, this was asked already many times (why the prices differ).
newbie
Activity: 4
Merit: 0
February 20, 2014, 01:43:21 AM
#1
Could someone please explain why is there so many bitcoin exchange, each trading price doesn't seem to correlate between different exchange, aren't all bitcoin the same value?
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