[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 36 KB, 730x410, coinbase.png [View same] [iqdb] [saucenao] [google]
11792888 No.11792888 [Reply] [Original]

Coinbase has consistently lower crypto prices than other exchanges. This indicates that a lot of people are actually cashing out, not just "tethering up". The bear has officially started, bois.

>> No.11792937

bitcoin died last week friend

>> No.11792952

>>11792888
This indicates that tether isn't valued at 1$ anymore

>> No.11792956

It's been like this for literally months

>> No.11792968

>>11792937
nah, Bitcoin won't die, price might go down a lot still.

>> No.11792985
File: 92 KB, 638x1000, Brainlet plug.jpg [View same] [iqdb] [saucenao] [google]
11792985

>he's still comparing USD with USDT prices
top kek

>> No.11792992

>>11792888
I know this is going to be a stupid question, but how exactly can crypto have different prices across exchanges? I thought that whatever price a coin had would remain the same and be updated across all crypto exchanges.

>> No.11792999

>>11792992
not even going to be baited into answering this piece of shit question, i can only imagine how you dress and feed yourself

>> No.11793005

>>11792992
milk can be sold/bought at slightly different prices in different stores

>> No.11793022

>>11792992
not a stupid question
the price on any given exchange is what people on this particular exchange pay for it
there is no reference price that is updated elsewhere, but when the price varies from one exchange to another, bots instantly buy on one exchange and sell on another to profit from the difference (this is what is called "arbitraging")
OP is being stupid because Coinbase trades in USD (real dollars) while the other exchanges he's referring to trade in USDT (tether, fake crypto dollars issued by bitfinex sister company and backed by nothing)

>> No.11793050

>>11792992
I'll throw you a bone. Coins don't 'have' a price. Buyers and sellers struggle with each other to discover a price. Since there are different populations of buyers and sellers on different exchanges, they sometimes come to slightly different 'agreements' about what the fair price is. At that point, other people will arbitrage between the exchanges (buy low on one exchange, sell high on another) until even those small price discrepancies are smoothed out.

That's in an ideal world, but since crypto is still so new, volatile and full of retail retards, a price differential can remain in effect across exchanges for a long time.

>> No.11793100

>>11793022
>>11793050
>>11793005

Thanks for the advice, really. Just a bit new to this.

>> No.11793134

>>11792992
all registered exchanges have access to the universal price server.
if an exchange has issues connecting to the price server, they switch to their price estimation software which gives the assumed price until the server reconnects.