Top 20 Crypto Coins In The RED What Does That Mean?

in #arbitrage7 years ago

My morning routine is eating oatmeal, letting my dogs out the backyard and checking the Coinmarketcap to see which coins were pumping up that day. Boy was i shocked when i saw a sea of fucking red, the top 20 coins were all down by and average of 10-15%.

So instead of doing research i went to my crypto expert buddy and realized that Coinmarketcap has excluded 3 major Korean exchanges. Strictly due to Arbitrage, the Koreans are paying more for the coins, and many investors are abusing the system by buying coins for cheaper markets and selling them on the Korean exchanges, in other to reduce this, they were removed from the market cap.

That way no one gets ripped off with these flaws in the system, so eventually all these coins will be worth roughly the same when you transfer them between exchange.

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I wonder if this is the reason for the market to be in the red. Hmmm cool info.

Wow ... this could affect the new investors in cryptocurrencies .. :(

Hola amigo@paco te invito a mi blog soy nueva en esta comunidad espero ser de tu agrado.

yes indeed my friend...

informative, found by vincentb, check out my article

Very informative. Thanks

I wasn't even aware of the price difference between most exchanges and the Korean exchanges, thanks for the information. Upvoted and followed

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