Is it possible to arbitrage the $1,176 USD Bitcoin price difference between US and Indian exchanges?
You can currently buy a bitcoin on a US exchange for $9,718, while in Indian exchanges you can sell them for ₹ 702,686 = $10,895. So before foreign exchange fees, you could be netting a profit of $1,176 per Bitcoin. I'm in the US, and can buy bitcoins here instantly. However I don't have an Indian bank account, so I can't transfer the rupees back to my US bank account. Is it possible for someone from outside of the country to open an Indian bank account?
Selling Bitcoin creates a downward pressure on price. Using it to buy keeps the value within its ecosystem, since an item is exchanged in equal value. If anything using it creates utility and ultimately helps value. Big difference between selling and using.
[uncensored-r/Bitcoin] Why are there such large price differences between exchanges?
The following post by spanky12493 is being replicated because the post has been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7g9a2a The original post's content was as follows:
there is an over 1k difference between bithump and gdax. Is there some large barrier to arbitrage that causes this price difference to exist?
So the price differences between exchanges are due to these exchange-specific attributes working in either the buyer's or seller's favor. For instance, because BTC-E provides domestic cash out methods with banks that Mt. Gox doesn't support, sellers in that country (Russia) may be willing to sell at a lower price than at Mt. Gox. Although Bitcoin and Bitcoin Cash may share the same mining algorithm, they do have a different adjustable level of mining difficulty. Beyond these technical differences, both communities also have different beliefs when it comes to what Satoshi’s white paper intended. A Google search at the time of this writing suggests that the price of a single bitcoin is more than USD$13,000. While much of the news surrounding bitcoin in the past year has been about the ... Bitcoin prices vary depending on the exchange they're trading on. For instance, as of 10:50 a.m. ET on Tuesday, Bitcoin was trading on these exchanges at the following price points: Kraken - $17,212 Bitcoin is like virtual cash, so there can be an exchange between Bitcoin or Bitcoin can be exchanged as currencies through various Bitcoin trading agencies like CFD Trader. The difference between ...
Bitcoin Price difference between India and International buy bitcoin in cheap rate bitcoin india
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