why some shitcoins has different price on diferent exchanges? - page 3.

TGD

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Quote from: jackyfineey on October 14, 2019, 05:44:50 AM

Quote from: TGD on October 14, 2019, 05:22:13 AM

Quote from: jackyfineey on October 14, 2019, 05:16:35 AM

for example look at BRZE/BTC on Vindax and SistemKoin orderbooks:

is there a scam behind the scenes?

It's not a scam. It's the result of the difference on the trading activity of both exchange. You will notice that there is a big difference on the volume of token that being trade on both exchange. Considering that both exchange don't do wash trading.
Then it means that other user set Buy/Sell order higher/lower compared to the other one which result to the variance on the price. This happened a lot on the token/coin that has low trading volume and listed to a DEX or Exchange that don't do wash trading.

Quote from: jackyfineey on October 14, 2019, 05:16:35 AM

for example look at BRZE/BTC on Vindax and SistemKoin orderbooks:

is there a scam behind the scenes?

Thanks guys, but I wonder way buyers don't buy at lower price when they see lower price on other exchanges?

Because of liquidity. As you can see. If a guy bought cheaper on exchange A and sell to exchange B. Then you will notice that there is no buy order that can complete his order, only sell order is higher.
You must consider the withdrawal fee too on exchange. Sometimes the withdrawal is higher compare to the difference in price considering the volume of the token that you will trade.

Mpamaegbu

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It's not even about the fact that they are "shitcoins" as you labelled them, it also happens with Bitcoin. The trust is that prices aren't the same for all coins across different exchanges and this is where arbitration comes in. A lot of traders cash in on this if the difference in price is that much by buying from one exchange and then sell at another exchange

jackyfineey

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Quote from: TGD on October 14, 2019, 05:22:13 AM

Quote from: jackyfineey on October 14, 2019, 05:16:35 AM

for example look at BRZE/BTC on Vindax and SistemKoin orderbooks:
https://imgur.com/a/wodZiLl
https://imgur.com/H9rODsI

is there a scam behind the scenes?

It's not a scam. It's the result of the difference on the trading activity of both exchange. You will notice that there is a big difference on the volume of token that being trade on both exchange. Considering that both exchange don't do wash trading.
Then it means that other user set Buy/Sell order higher/lower compared to the other one which result to the variance on the price. This happened a lot on the token/coin that has low trading volume and listed to a DEX or Exchange that don't do wash trading.

Quote from: jackyfineey on October 14, 2019, 05:16:35 AM

for example look at BRZE/BTC on Vindax and SistemKoin orderbooks:
https://imgur.com/a/wodZiLl
https://imgur.com/H9rODsI

is there a scam behind the scenes?

Thanks guys, but I wonder way buyers don't buy at lower price when they see lower price on other exchanges?

The Cryptovator

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Quote from: jackyfineey on October 14, 2019, 05:16:35 AM

is there a scam behind the scenes?

I can't see anything to direct scam. Price on all exchange won't same. It would be bit different from each other based on buyer and seller demand. But once you will found huge different between two exchange on same coin then it most likely created hyip about that coin. And it would manipulate by exchange as well. So there is high risk of loss if you buy on high rate. Because it will dump suddenly when people will start deposite from other exchange. So this is one kind of soft scam since everyone know about that risk.

TGD

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Merit: 620

Wen Rolex?

Quote from: jackyfineey on October 14, 2019, 05:16:35 AM

for example look at BRZE/BTC on Vindax and SistemKoin orderbooks:

is there a scam behind the scenes?

It's not a scam. It's the result of the difference on the trading activity of both exchange. You will notice that there is a big difference on the volume of token that being trade on both exchange. Considering that both exchange don't do wash trading.
Then it means that other user set Buy/Sell order higher/lower compared to the other one which result to the variance on the price. This happened a lot on the token/coin that has low trading volume and listed to a DEX or Exchange that don't do wash trading.

jackyfineey

newbie

Activity: 4

Merit: 0

for example look at BRZE/BTC on Vindax and SistemKoin orderbooks:
https://imgur.com/a/wodZiLl
https://imgur.com/H9rODsI

is there a scam behind the scenes?

Topic: why some shitcoins has different price on diferent exchanges? - page 3. (Read 280 times)