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Spot on. Moving BTC between exchanges is a 30minute process. With sufficient cash in both accounts it wouldn't have been an issue.
by sachingulaya 13y ago
Spot on. Moving BTC between exchanges is a 30minute process. With sufficient cash in both accounts it wouldn't have been an issue.
- csense 13y ago> With sufficient cash in both accounts it wouldn't have been an issue. Depends on your definition of "sufficient." If you're no longer small compared to the market, i.e. you have enough money that a small fraction of your capital can completely fill the arbitrage-able offers and move prices back into line, in that situation moving money between exchanges is no longer an issue. But you don't need to be that big to merely make a risk-free profit when the right kind of pricing anomaly appears. And if there are enough small actors doing this, their combined efforts can stamp out pricing anomalies just as effectively as a single large actor.