Different value of Bitcoin

[ricphua]

Why are prices different on different platforms? The BTC/USD on Bitcoin.com is different from Bitfinex, also different at Poloniex. One could buy at lower price from platform A and sell at higher price at platform B, right?

 

[Bagatell]

You wont be able to trade on Bitcoin.com (it's not an exchange). You will have trouble getting USD in or out of Bitfinex because of their current banking problems and Poloniex don't trade USD.

 

[ricphua]

Thanks for clarification. I just don't understand the logic. For example, Quoine now quoted BTC/USD 1,247.44 while Bitfinex is 1,353.80 - why.
Not withstanding that USD withdrawal is currently not possible at Bifinex, assuming it will be resolved sometime into the future, then this contra is possible right?

 

[Bagatell]

I just don't understand the logic.

"The market can remain irrational longer than you can remain solvent."

 

[AdrianX]

Not withstanding that USD withdrawal is currently not possible at Bifinex, assuming it will be resolved sometime into the future, then this contra is possible right?

I could resolve with bankruptcy where no one gets there fiat, one would expect people to take the loss, buy expensive BTC and get out, accounting to the higher BTC price.

 

[ricphua]

Thanks for all the valuable feedback. Appreciated

 

[igotBAWS]

BTW: the technical term to what you are searching is arbitrage.

 

[Bloomie]

If the difference in price is so dramatic, that can mean that one exchange is quoting the price in U.S. dollars while the other is quoting it in USDT aka Tether, a funny cryptocurrency that's supposed to be pegged to the dollar but cannot stay properly pegged to it no matter how hard it tries.

 

[icoholder]

Thanks for the useful information, now I can exclude from the list unsuitable for me sites.