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| nowen | coolacid: why do bitcoin exchanges have different bitcoin prices? | 16:32 |
|---|---|---|
| coolacid | supply and demand. | 16:33 |
| coolacid | ;) | 16:34 |
| nowen | lol | 16:34 |
| coolacid | Also, the ability to move currency. | 16:34 |
| nowen | what is the friction in moving from one to another | 16:34 |
| nowen | yes | 16:34 |
| coolacid | Gox is currently becoming a place to stay away from because people can't get USD out. | 16:34 |
| coolacid | Causing Bitfinex and Bitstamp to get more people moving there, changing the supply and demand. | 16:35 |
| coolacid | Also features | 16:35 |
| coolacid | Gox is purely an exchange. | 16:35 |
| coolacid | Bitfinex also has Short/Long and lending. | 16:35 |
| nowen | interesting | 16:38 |
| nowen | and I guess the mining gets harder over time? | 16:39 |
| coolacid | very much so. | 16:43 |
| coolacid | CPU/GPU and lowend ASICs are useless to buy now. | 16:43 |
| coolacid | Lowend ASICs bought maybe a few months ago are viable. | 16:43 |
| coolacid | Anything bought now is useless | 16:43 |
| coolacid | Would never get ROI | 16:43 |
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