Why are Bitcoin prices so different between different markets?

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Sorry if this is a basic question, I'm new to this stuff.

Currently, according to cryptocoincharts.info, Bitcoins are trading at $1050 on BTC-E but $1228 on Mt. Gox. How is this possible? What would cause such a large price discrepancy? Shouldn't it be possible to capitalize on this difference by buying at BTC-E and selling at Mt. Gox, and if so shouldn't that tend to equalize the trading prices?

TKR

Posted 2013-12-05T05:08:23.067

Reputation: 119

Question was closed 2013-12-31T15:39:55.627

2Mtgox has dolor withdrawal problems. So, dolor with mtgox worth (valued) less. So, you pay more dolors and take your bitcoins out. So, the higher exchange rate. – vi.su. – 2013-12-05T05:33:06.650

@vi.su. Is the same true for Bitstamp? I see that the Bitstamp rate is also considerably higher than BTC-E, $1130. – TKR – 2013-12-05T05:52:15.813

1

similar to Is there an efficient way to exploit arbitrages between the different exchanges?

– dchapes – 2013-12-05T06:12:37.030

Answers

0

Mtgox has dollar withdrawal problems. So a dollar within Mt. Gox is worth (valued) less. So you pay more dollars and take your bitcoins out, hence the higher exchange rate.

Dan

Posted 2013-12-05T05:08:23.067

Reputation: 151

Asked: 2013-12-05T05:08:23.067

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Active: 2014-01-30T21:53:06.643