And another factor is that the Bitcoin Volume in Bittrex is very high, Bitcoin's demand will be easy to fill. As more availability, it will slightly reduce prices.

Bitcoin is traded against USDT in bittrex but in gdax, coinbase, gemini bitcoin is traded against USD. USDT (tether) is actually USD backed token whose value can fluctuate with market but try to remain same around USD.

The one who trades on USD might not trade in USDT so demand/supply for them is different which sets their prices.

I noticed that too. I am guessing that each exchange has it's own trades, basically people set the price. Some people might set sell orders at a higher price compared with users from Coinbase. If the coin is traded intensively, there won't be much of a difference.

bitcoin is the decentralized currency every exchange can have their own price price values in every exchange we cant expect same price

Okay s btc price selling for usdt on bittrex is about 500 dollars less than on gdax/coinbase/gemini etc.  If thats the case, why would anyone sell bitcoin on bittrex?


The thing is bittrex is mainly for people to buy altcoins right? The thing is this. If you are getting an altcoin like singulardtv for example, you would have to sell the btc for singulardtv. Then you receive the singulardtv altcoin. However, the thing is they are giving you a btc rate of 500 dollar less as oppose to if you sold the btc for usd on gdax/coinbase/gemini etc.  I notice that the price of btc on exchanges are less than on coinbase/gemini etc. If thats the case, wouldn't it make sense if you could find someone with that altcoin you want to trade directly say your btc for their altcoin instead? Of course this is not possible for most people because you need to know and trust the other person.  Buf if you know someone that has altcoins that they want to trade for btc, wouldn't that work for both of you?  Or would it only benefit you?


Also when you sell the altcoin for btc for bittrex... you are going to get less btc for your altcoin because the price of btc on bittrex is much lower.  So is the reason why bittrex and these exchanges offer a much lower price on btc is to make money off people who but altcoins and also those that sell it for usdt where they are not smart enough to sell it on say gdax/coinbase/gemini etc?  Or is my logic wrong with the btc price being lower because when sell the altcoin back to btc... the btc price is much lower than on gdax/coinbase etc so that way, it evens out?  Im getting a bit confused at this because my though is if you only buy/sell btc, it would make no sense selling btc for usdt on bittrex unless you are using it to buy altcoins? But if you are buying btc at the lows and selling at the highs, doesn't that cost you money doing that on bittrex as oppose to gdax/coinbase/gemini?

Hey there.  Well if you are selling 1 bitcoin, well that 500 dollars sure looks like a lot even though its 16000.

When you say its a usdt market, well thats sort of like usd in a way on gdax/coinbase/gemini right except you can't cash it out to your bank account?  usdt on bittrex is same as on bitfinex and poloniex right? 

But if you are buying/sell btc, eth for example, wouldn't it make no sense to do this on bittrex?  Thus the only reason to use bittrex is to buy altcoins? 

Sorry to disagree but 3% is big, very big when you are a trader, those guys are looking at 0.5%, 1% profit on the trades they place. At least that was the case when I was doing arbitrage on sports odds five years ago. 

There is over a 1000 dollar difference between coinbase and bittrex now almost.  So couldnt you buy btc with usdt... and then sell it on coinbase assuming you send the btc to coinbase with a very high fee etc?

The price on coinbase is around 15700.  Price on bittrex is around 15700 or so.  Binance is also around the same.


So is the reason due to tether going down?  Not long ago it was 1.05 or so.  Now on coinmarketcap, its 1.01.  So that is the reason why sometimes bitcoin is close to 1k difference on bittrex compared to coinbase right?  Can others here tell me if this is the reason?