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I'm curious as to what is keeping the majority of the people from buying on one exchange, where the going USD/BTC rare is cheaper, and selling it on another, where the rate can be USD$50 to USD$100 higher.
There are probably people doing that already. But since opening up accounts in multiple exchanges is no feat, why isn't a much larger portion of active traders doing this?
PS: I understand the answer MAY be speculative, thus not suitable for SE. At the same time, the answer might NOT be speculative - there might be a solid reason behind it. So I'm here to learn. Please vote for closure if you see fit, but do not downvote, given that I am aware of what kind of questions should be asked here.
It's not that it's speculative, it's that it's very time-sensitive. The answer today is "It's really hard to get USD out of MtGox which is artificially inflating the USD price" but that could change tomorrow and it certainly wasn't always the case. While this answer is certainly useful today it probably won't be useful for future people reading this question, which is the standard by which we judge here. – David Perry – 2013-11-11T21:02:52.343
While this might be the reason today and may not be the reason tomorrow, it could be the answer again the day after tomorrow. Thus your reply (along with others) could have long term value. – Gaia – 2013-11-11T21:29:57.297
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Similar to Is there an efficient way to exploit arbitrages between the different exchanges?
– dchapes – 2013-11-11T23:11:06.710Thx @dchapes, I flagged to mark as dup. – Gaia – 2013-11-12T01:05:35.737
possible duplicate of Why don't people buy at one exchange and sell at another?
– Murch – 2013-11-14T09:55:17.413