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RE: Steem price finally catching a bid - Possible arbitrage opportunity?

in #steem6 years ago

there is no problem getting in only out

you said

Doing a bit of research it seems it may be difficult for non South Korean users to transfer coins in and out of that exchange.

https://steemitimages.com/0x0/https://ipfs.busy.org/ipfs/QmQmh5mD7MXu9m9vZReWcHLHfAMbJr2JqsTnL4EMwBE7Th

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You do realize that you can still take advantage of an arbitrage opportunity even if you can't get the coin out right away, right? Just as an example, you could transfer steem in, sell it for KRW, and then use the KRW to buy bitcoin or some other major coin, then you transfer out when withdrawals are re-enabled.

the same could have been said with poloniex, been nearly 6 months and they still haven't restored

Just the steem wallet, we are talking about bitcoin wallets here in order to transfer out... completely different.

Can you withdraw KRW right now on BitHumb? In that case it might be an arbitrage opportunity for those with Korean bank accounts.

Not sure. There seems to be a lot of confusion over what can and cannot be done on that exchange currently.

no its similar situation

no telling how long bithumb will have withdrawals suspended for

could be weeks could be months