Bitcoin exchanges serious problem?

[Luc401]

I don't know if any of you noticed but, normally Mt.gox.com has the higher bitcoin price than the others such as btc-e.com.Can users buy BTC for about 100$ cheaper on BTC-E.COM and then go over to mt.gox.com and sell it over there to make pretty well infinite profit just by going back and forth?

[Tea1337]

That's usually the highest bid, but it'd hard to buy and sell them to start making profit

[Jvagle875]

I don't know if any of you noticed but, normally Mt.gox.com has the higher bitcoin price than the others such as btc-e.com.Can users buy BTC for about 100$ cheaper on BTC-E.COM and then go over to mt.gox.com and sell it over there to make pretty well infinite profit just by going back and forth?

I don't see why not. Unless there are laws in your area about that sort of thing, the only thing you need to worry about is the fees charged by both places.

[Luc401]

I don't see why not. Unless there are laws in your area about that sort of thing, the only thing you need to worry about is the fees charged by both places.

Fees are extremely low.You would still be making 100$ profit per BTC

[Rheinwasser]

Fees are extremely low.You would still be making 100$ profit per BTC

then try it.

[Luc401]

That's usually the highest bid, but it'd hard to buy and sell them to start making profit

Last sold on BTC-E 767 last sold on mtgox.com 821

[Luc401]

then try it.

Mtgox.com require a validation process , i do not have that completed and can take upto 4 days and you need to send them some personal info

[Vitalius]

2 things.

1. Fees. You have to pay them when you Buy AND when you Sell. That eats up a bit of profit. 

2. Confirmations. You can't guarantee the price will stay the same while you wait for your transfer to confirm.

[Rheinwasser]

Mtgox.com require a validation process , i do not have that completed and can take upto 4 days and you need to send them some personal info

ah ok. i also wonder if there is some kind of limit who often you can buy/sell bitcoins or anything like that..

[Luc401]

Also after a thing like this gets used more , the exchanges will even out. 

[Jvagle875]

ah ok. i also wonder if there is some kind of limit who often you can buy/sell bitcoins or anything like that..

I haven't looked on those specific exchanges, but I know that certain places you can buy a certain limit per day like a couple thousand, but the more you buy, the limit goes up or something along those lines. If you are really interested in this, make accounts at both places or you could probably find those limits on each website.

[Bonsai99]

Mtgox.com require a validation process , i do not have that completed and can take upto 4 days and you need to send them some personal info

Apparently it takes months to get your money out of gox through an international bank transfer because they are months behind.

That's why "gox dollars" are worth less and why bitcoins are more expensive on gox.