Poloniex vs. CoinDesk Prices

in #bitcoin7 years ago (edited)

Take a look at this difference in price and try to explain it

Screenshot_20170421_174008.png

Screenshot_20170421_174016.png

$1,252.53 vs. $1,322.60 makes no sense to me!


EDUARDO CAPANEMA
@bitworkers

Sort:  

I noticed that also, prices are always different at each exchanger. Can one make profit from a situation like this?

Yes, It's called arbitrage. Buy on one exchange at the lower price and sell it on the other at a higher price.

I belive yes. I have been watching this for some time now eversince the Bitfinex crisis started. Since CoinDesk draws BTC value using Bitfinex, it looks like with the crisis, Poloniex is a few minutes ahead on what market is telling. One can buy and sell in that gap I believe.

Isn't it weird? I believe Bitfinex insolvency may have something to do with it. What do you think?

Coin Marketplace

STEEM 0.18
TRX 0.15
JST 0.029
BTC 63135.01
ETH 2546.56
USDT 1.00
SBD 2.64