The last time I posted a news story about a Bitcoin sell-off, most participants here didn't believe me, because the sell-off wasn't apparent in the ticker they follow.[1] Now I keep a closer eye on that ticker, to see how much lag there is in trading after market-changing news is announced. Bitcoin is still very volatile, and it's not clear who can succeed in timing the market. "Markets can remain irrational a lot longer than you and I can remain solvent"[2] is still good investment advice.
I think the issue is not that the exchanges charge too much, or that the prices aren't different between the exchanges (they are, sometimes vastly so from what I've seen). The problem as I would see it, is that you can't extract your funds in USD or another fiat currency quickly enough... so you might be waiting 48 hours and by that time the exchanges likely will have leveled off the difference.
It's hard to get USD and such in and out of certain exchanges. Exchanges with easy deposits and difficult withdrawals will have higher prices usually. Moving the bitcoins isn't ever a big deal.
Comments
The last time I posted a news story about a Bitcoin sell-off, most participants here didn't believe me, because the sell-off wasn't apparent in the ticker they follow.[1] Now I keep a closer eye on that ticker, to see how much lag there is in trading after market-changing news is announced. Bitcoin is still very volatile, and it's not clear who can succeed in timing the market. "Markets can remain irrational a lot longer than you and I can remain solvent"[2] is still good investment advice.
[1] http://bitcointicker.co/
[2] https://en.wikiquote.org/wiki/John_Maynard_Keynes#Attributed
The other possible issue there is that Magic the Gathering Online Exchange tends to behave weirdly differently to all other exchanges.
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I think the issue is not that the exchanges charge too much, or that the prices aren't different between the exchanges (they are, sometimes vastly so from what I've seen). The problem as I would see it, is that you can't extract your funds in USD or another fiat currency quickly enough... so you might be waiting 48 hours and by that time the exchanges likely will have leveled off the difference.
Maybe someone else has some input as well.
You sound suitability convinced? Why inform other of the potential millions to be made. Go forth and earn said millions.
It's hard to get USD and such in and out of certain exchanges. Exchanges with easy deposits and difficult withdrawals will have higher prices usually. Moving the bitcoins isn't ever a big deal.