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MarkRoberts
Bronze Bitcoiner
Bronze Bitcoiner
Posts: 483
Joined: Wed Jan 13, 2021 10:19 am

How does the global price of bitcoin come together?

Tue Mar 30, 2021 9:11 am

exchanges are simply platforms to match buyers and sellers.

the price of bitcoin is deviating from other exchanges in order to profit from the imbalance.


the price of a bitcoin on exchange A is $58,500. The price of bitcoin on exchange B is $59,200. This means you can buy a bitcoin on exchange A and immediately transfer it to exchange B to pocket a $700 profit immediately (in reality, you need to deduct all kinds of fees + account for transferring times etc).

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