Why are Bitcoin prices so different between different markets?

Question

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?

Mtgox 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., Dec 05 '13 at 05:33
@vi.su. Is the same true for Bitstamp? I see that the Bitstamp rate is also considerably higher than BTC-E, $1130. — TKR, Dec 05 '13 at 05:52
similar to Is there an efficient way to exploit arbitrages between the different exchanges? — dchapes, Dec 05 '13 at 06:12

score 0 · Answer 1 · edited Jan 30 '14 at 21:53

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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.

edited Jan 30 '14 at 21:53

Joe Pineda

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answered Dec 05 '13 at 15:37

Dan

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Why are Bitcoin prices so different between different markets?

1 Answers1