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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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1338901 No.1338901 [Reply] [Original]

Ok, i am not an expert. But tell me something /biz/. What exactly stops someone from buying from one and selling to the other, since the price is so enormously different?

>> No.1338905
File: 443 KB, 142x142, 1417024495302.gif [View same] [iqdb] [saucenao] [google]
1338905

>>1338901
>$450

>mfw

>> No.1338922

>>1338901
Good luck trying to sell on yobit when the bid price is the same as bittrex

>> No.1338925

>>1338901
Isn't yobit some chink scam site?

>> No.1338950

>>1338905
fucking Euros are too poor to write decimals properly

>> No.1338964

Nothing really, this practices is called exhage arbitrage and is really profitable, it something that hapens in unregulated markets like this where the same goods are sold in different marketplaces and the price is highly volatile.

But in the case of yobit there is a rumor that those waves are not real waves, so If if were you I would be very cautious with that concrete arbitrage strategy. Also yobit has low volume, so the simple act of you buying a large amount would cause the price to go up si this price difference would be exploitable once or maybe twice at best.

>> No.1338973

>>1338901
source for pic? What website?

>> No.1339008

>>1338973
coinmarketcap

>>1338964
Thank you! At last, a true /biz/man.

>> No.1339044

>>1338901
Waves is really cheap now, buy while you can.
It will go to the moon in the next few months

>> No.1339062

>>1339044
Why would it?

>> No.1339129

>>1339062
Because he is a shill.

>> No.1339154

>>1339062
Fiat exchange integration, international money transfers, crowdfunding implementation will all be available on the platform by the end of the year

>> No.1339432

>>1338901
You have to find a buyer to sell.

>> No.1340039

>>1338901
nothing stops people from trying, but they usually don't end up making a profit, at least not enough for the amount of work they are putting in.

confirmation wait times, transaction fees, liquidity - there's always a bottle neck.