holy fuck bitcoin 375 dollar

[cancer]

every exchange has a different price
btc-e has the lowest prices
gox middle
okcoin high

 

[1teaminlondon]

how does that make sense? if the coins can move freely from market to market wouldnt the differing market prices reach equilibrium naturally?

 

[DMAUL]

the problem is that each exchange has barriers to exchanging to/from currency. the barriers vary by exchange, therefore price differences.

 

[cancer]

how does that make sense? if the coins can move freely from market to market wouldnt the differing market prices reach equilibrium naturally?

the coins can move but the dollar cant

every exchange is limited by their cash reserves

 

[Denver]

Yep, coins can move but "real" currencies cant.
Makes one wonder why the real currencies are so antiqued.

 

[DropSquad]

um... real currencies move up and down. Its just not on the order of 300% every few days.

 

[darkpiece]

we get it drop squad u r a financial maven