You probably have noticed, the price of bitcoin was over one thousand euro, has failed. In the meantime, the smoke, again, what’s up and we’ll see what the damage is. If there are more than 600 million u.s. dollars of longs have been liquidated in derivatenbeurs BitMex. But what I also noticed, the price of a bitcoin has varied considerably between cryptocurrency exchanges.
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Action to go to arbitration
In technical jargon, the trade in these species also differ, however, arbitration is referred to. A smart investor will have an account with several cryptobeurzen at the same time. On the way to take advantage of the price differentials between the exchanges.
It’s like this: if the price of bitcoin is sideways-moves, there are usually a few differences between the prices of the cryptocurrency exchanges. However, if the share price rapidly rises or falls can vary in size. That may be a number of reasons. Maybe there is a bitcoin whale to become active on one of the stock exchanges. At that point, it is just a matter of moving your bitcoin to an exchange where you will get the most gain can be achieved.
Such a large difference there is something to be the case. An economist and crypto-trader, Alex Krüger has noticed that bitcoin is no less than a hundred dollars more expensive on Coinbase. Especially, the difference between BitMex, and Coinbase was huge.
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Coinbase, Bitstamp, and the Twins are compared
What does it look like on the graph? You can see below. A comparison of the three different cryptobeurzen: Bitstamp (the yellow one), Coinbase (red) and Gemini (blue). The graph measures the relative price change, so exact amounts are not shown in the figures.
You can see that the price is almost always the same, and the difference between cryptocurrency exchanges, has been at a minimum. However, at half past ten last night, it was the difference between Coinbase and other exchanges are suddenly very large. The only difference was, besides, soon enough, again, same. Ever since ten-thirty last night, the value of a bitcoin is the same in the three cryptobeurzen: