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/biz/ - Business & Finance

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File: 54 KB, 1258x522, bitfinex-binance.jpg [View same] [iqdb] [saucenao] [google]
13497714 No.13497714 [Reply] [Original]

BTC price difference between Bitfinex and Binance.
No analysis from me. Just a graph for you guys.

>> No.13497727
File: 67 KB, 1477x1016, 1556523322337.png [View same] [iqdb] [saucenao] [google]
13497727

we had 1k price difference in january? this maked me so hard get fucked bears

>> No.13497745

>>13497727
January 2018, not this year.
BTC price then was ~4x higher as well. So the current price difference is in relative terms the same.

>> No.13497772
File: 61 KB, 1266x554, bitfinex-binance(adjoosted).jpg [View same] [iqdb] [saucenao] [google]
13497772

This is what you get if you adjust for the price.
(bitfinex-binance)/bitfinex

>> No.13497773
File: 67 KB, 689x795, 1529927431751.png [View same] [iqdb] [saucenao] [google]
13497773

>>13497745
pee pee poo

>> No.13497782
File: 129 KB, 750x1189, pantsu.png [View same] [iqdb] [saucenao] [google]
13497782

>>13497773
>wearing pants

>> No.13497793

>>13497714
Interesting
Now this is the type of content I want to see here. Seems like the Tether issue has definitely not stabilized yet.

>> No.13497798
File: 162 KB, 374x452, 1554200643866.jpg [View same] [iqdb] [saucenao] [google]
13497798

>>13497714
There should be rumor binance was hacked

>> No.13497825

>>13497714
bullish

>> No.13497831

>>13497714
Why aren't we arbitraging here? It looks like a lot of money is on the plate!

>> No.13497838

>>13497831
Dunno
Bitfinex withdrawals are supposedly taking a lot of time, but that shouldnt be a big problem.

>> No.13497841

>>13497831
>>13497838
holy shit man, you are right! i can't believe nobody thought of this!

brb, gonna buy btc from bitfinex and sell them on binance

>> No.13497849

>>13497714
yes this is a good chart OP and the second one is even better.
one of the rare useful images posted on this board, so naturally it's followed by a peepee poster.

>> No.13497854

>>13497841
Uh, the other way round...

>> No.13497871

>>13497831
ah biz. you will never make it.if there was any arbitrage oppurtunity without even you seeing that arbitrage bots would clear that in 1 second. you think they will let you arbitrage ? in biggest exchanges in crypto ? lmao
if no one does it. that means theres no arbitrage to make.

>> No.13497891

>>13497854
classic /biz/ arbitrage.

>>13497838
obviously it is a problem because it hasn't happened, but I'm confused as well. is bitfinex just not accepting crypto withdrawals at all now?
what other reason is there for the discrepancy? i doubt that people are running to the door faster than the bots can keep up, for example.

>> No.13497897

if you sell crypto for fiat at bitfinex you need at least 10k usd/eur/gbp if you want to withdraw. also its unclear if they will pay out at all given their current situation.

>> No.13497941

>>13497897
regardless of their fiat situation, can't people exchange btc for usdt on bitfinex and transfer the usdt out to accomplish the same goal?

t. someone who's never used bitfinex, hasn't followed the tether drama closely, and is also a huge dumbass

>> No.13497951

>>13497897
Buy BTC on Binance transfer it to Bitfinex and use the USD to buy some shitcoin that isn't inflated on Bitfinex then transfer the shitcoin to Binance and dump it for BTC. Repeat.

>> No.13497959

>>13497941
no, because usdt/shitcoin rate has changed in order to reflect the 350$ premium.

the only way to profit from this is to buy btc somewhere else, dump them on bitfinex and withdraw via wire, but i'm not sure why people arent doing this

>> No.13498036

>>13497959
oh ok right. Yes looking it up, their wire withdrawals seem really fucked right now. They also have high withdrawal fees, limiting arb opportunity, though this wouldn't explain the $350 difference.

>> No.13498115

>>13498036
an explanation for this could be that they're simply not allowed to currently process fiat withdrawals because of their fuckups

>> No.13498116

>>13497714
based

>> No.13498166

The price difference mess at ATH was because Bitfinex had withdrawal problems/Tether FUD back then as well/prices jumping up and down because of the bubble top. Price difference now is because of Tether FUD and Bitfinex withdrawal problems.
But why was there a round bump at the start of this year?

>> No.13498174

Btw, I remember in 2017 when a lot of people thought Bitfinex/Tether connection was bogus and that they are completely different entities. No one arguing that now.

>> No.13498177

>>13498166
i think it was because of the break of 6k support?

>> No.13498231

>>13497772
I didn’t even realize you could combine symbols on tv

>> No.13498309

>>13498231
Now you know. Try it out to make Bitfinex long and short ratios. For example BTCUSDLONGS-BTCUSDSHORTS

>> No.13498341

>>13498309
Well, that example isn‘t a ratio, but a difference. You do a ratio with the help of a ‘/‘ of course.

>> No.13498437

>>13498166
>>13498177
Checked and why did it only start after the drop? Why wasn’t there a proportional price difference before that?
Is that when they lost control of their funds? I need to read more about this

>> No.13498526

I honestly can't wait for all the smug bulls to get rammed hard in the ass. These brainlets just can't grasp reality.

>> No.13499207

>>13497941
there is a 6% premium with all coins