BTC platform prices are inconsistent

1. Because big bitcoin players play more on big platforms, bitcoin is relatively stable and deep enough
some small platforms are not deep enough. If they sell a few bitcoins, they may break through the price of bitcoin on the same network

2. Different trading platforms cannot be converted

3. Because bitcoin can be freely circulated among trading websites around the world, once there is a price difference, there will be professional brick movers trading between exchanges to earn the price difference. So the price of each trading website will be almost the same.

4. Generally speaking, this problem is caused by the disunity of trading platforms. Affected by the speed of recharge and cash withdrawal, some platforms have slow cash withdrawal speed, and players only have more in and less out on this platform, so the transaction price on this platform will be higher than other platforms. And some platforms recharge slowly, supply and demand imbalance, buy less and sell more, so the price is naturally lower. At present, there is only one relatively balanced trading platform between the two, that is, bitbao. Because this platform is enterprise type, with high security series, immediate recharge and cash withdrawal within 24 hours, its price is relatively stable.

5. In the transaction of bitcoin or other commodities, the price is determined by the buyer and the seller. Therefore, there are different prices for the same commodity in different places.

6. I'll give you the simplest example of this problem. The same is the vegetable wholesale market. The wholesale prices of vegetables in different regions are different. Even the wholesale prices of vegetables in the same region may be different. This has something to do with demand and supply

the price of bitcoin is the same. Of course, the price gap between the two trading platforms will not be too big. Another reason is that foreign bitcoin trading platforms need to charge a certain fee, so the price of foreign bitcoin is relatively high. Last year, e to the large domestic demand for bitcoin, the national market pulled the rise of the external market. Many people take advantage of this opportunity to move bricks to earn a price difference.

7. Bitcoin, as a virtual commodity that is not uniformly issued and priced, has value when someone invests in it. The reason why bitcoin is so popular is that it has no credit guarantee and legal compensation ability. It must involve many institutional investments or contracts to endorse. At most, it is an electronic investment target hyped by speculators, similar to spot commodity transactions, Some platforms even engage in this kind of speculative trading for a commodity, such as wine, vegetables and fruits, which is non compliant and unprotected, and there is no standard fair market price. We can't rule out the speculation of other digital commodities in the future. Trading websites are all local matchmaking platforms, lack of close linkage, and the price gap continues to narrow over time. Just like there is arbitrage space in foreign exchange transactions between different countries, but the global foreign exchange matching information is very transparent, and the opportunity to capture the spread is very small. Bitcoin has no regulation and no legal protection. It is an ordinary commodity transaction. The price fluctuation is a market behavior, and the risk is entirely on its own

8. Because bitcoin is a new currency / thing that nobody cares about.

bitcoin was first established in China, and it is relatively stable as a whole.
okcoin and fire coin network are just 13 years old

9. Because each platform is independent, just like different supermarkets in reality, the price of each supermarket will be different

but there is a special group of people who are carrying out risk-free arbitrage, selling bitcoin purchased from low price platforms on high price platforms,

so in the long run, the price of each platform will converge.