its really like 100 $ lower than btchina
i don't get it. even if there is not enough buying power to raise the price, the sell orders should vanish and reflect the price of the other markets, right? why would anyone have a sell order for 501$ when the price is 580$ on gox and 600$ in china?
i don't get it. even if there is not enough buying power to raise the price, the sell orders should vanish and reflect the price of the other markets, right? why would anyone have a sell order for 501$ when the price is 580$ on gox and 600$ in china?
Go ahead and play the arbitrage. You'd have to send bitcoins to Gox or Btcchina, sell high, then transfer fiat back to your home country, pay bank fees, wait a week... by then the price could have stabilized, or you'd be waiting 2 months for your USD Gox transfer... not as easy as it sounds.