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Explain to me the gap between gdax and coinbase

Discussion in 'CryptoCurrency' started by forethan, Dec 5, 2017.

  1. forethan

    forethan Regular Member

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    Hello!

    At the moment, when i check the price of 1 btc in :
    coinbase = 9901€
    Gdax=9970€

    So why there's a difference always in favor of gdax?
     
  2. waterworks

    waterworks Power Member

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  3. tb303

    tb303 Senior Member

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    GDAX is an exchange so the market sets the price.
    Coinbase is more like a shop so they can set their own price. In reality though they use a rolling average to smooth out any price spikes.
     
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  4. forethan

    forethan Regular Member

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    Today:
    Coinbase = 12946€
    Gdax = 14521€

    WTF?!!!!
     
  5. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    In Korea it is U$ 16000 right now. There are spreads, according to market.

    In Zimbabwe Bitcoin costs U$ 20000
     
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  6. forethan

    forethan Regular Member

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    Ok but why there's a spread because coinbase owns gdax???
     
  7. tb303

    tb303 Senior Member

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    See my post above. Its a moving average. As gdax market price is going up, coinbase is trailing behind it. You sometimes see it the other way around when the price is falling on gdax.
     
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  8. forethan

    forethan Regular Member

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    Ok then i will see if it's right when bitcoin will fall(i hope it doesn't) coinbase would have better price than gdax.
     
  9. waterworks

    waterworks Power Member

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    Keep in mind you pay transaction fees when buying through Coinbase, where as GDAX you do not, if you use LIMIT to place an order above or below current market price.
     
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  10. forethan

    forethan Regular Member

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    Ok thanks i didn't know that.
    But after the gdax order hitting 20k$ full of sell order, where are you?
    Sell/hold????
    Isn't bizarre that both gdax and coinbase were out of service for a lot of time???
     
  11. waterworks

    waterworks Power Member

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    A lot of exchanges went down. Not really bizarre at all.

    The exchanges are growing rapidly with 1000's of new users added daily. The bitcoin market is still in its infancy if you can believe that, and transactions are also growing every day. Scaling has always been an issue for any rapidly growing company in a rapidly growing industry. We're starting to see the incredible challenges the exchanges face in this marketplace.

    No strategy as I don't have any BTC right now. Way to risky for me at this point. I need it to drop off a cliff before I'll buy in.
     
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  12. forethan

    forethan Regular Member

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    Ok thanks for answered, i believed that you own some btc.
    Anyway, i think tomorrow i will only sell my initial investment and let the rest for gamble.
    What your thought @davids355 ???
    Sell or hold?
     
  13. davids355

    davids355 Jr. VIP Jr. VIP

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    I am planning to sell half at 20k then keep the rest. I think it’s likely to go 100k or more BUT of course there is possibility it will crash, hence wanting to mitigate the risk.
     
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  14. forethan

    forethan Regular Member

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    Ok great! So i will do the same as you because you are my "fétiche";)
    Thanks
     
  15. Shaunm

    Shaunm Jr. VIP Jr. VIP

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    Ahh you beat me to it! Thankfully I found out about this pretty early on in getting into crypto but considering you can reduce your feeds by clicking a few buttons its a good tip to share while it still lasts :).