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A comment on Why you can’t cash out part 1: Bitcoin’s “price” is largely fictional. Parent comment

Re:Why you can’t cash out part 1: Bitcoin’s “price” is large... by celticninja on Monday December 18, 2017 @09:15AM (#15951698)
Exchange A price is $1000

Exchange B price is $1250

Makes sense to buy on A and sell on B for a nice profit. So I buy 3 coins on A and send them to Be, sell on B and have a nice $750 profit. Now you need to get fiat from B to A and this is where you hit your bottleneck.

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Re:Why you can’t cash out part 1: Bitcoin’s “price” is large... by pc86 on Monday December 18, 2017 @10:32AM (#15952260)
Assuming you can legally operate on both A and B in your country, isn't it a matter of sending your $3750 from B to your bank then depositing $3750 from your bank to A? Obviously that step alone (fiat B => bank => fiat A => crypto A) could take well over a week before fiat in B is back to crypto in A.

I know I'm missing something because a lot of people a lot smarter than me are in this space. I just don't know what it is I'm missing from the outside.

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Re:Why you can’t cash out part 1: Bitcoin’s “price” is large... by mikulas_florek on Monday December 18, 2017 @11:29AM (#15952784)
Difference between exchanges is ~0% to 5%. Price can change 5% easily in an hour on a single exchange so if you take a day or more to transfer money from one exchange to another, it's very likely you would earn more just by holding BTC.
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Re:Why you can’t cash out part 1: Bitcoin’s “price” is large... by celticninja on Monday December 18, 2017 @03:44PM (#15955320)
Not every exchange has perfect withdrawal to fiat methods. Wex.nz doesn't have the facility to move fiat to a bank account. Bitfinex you cannot withdraw USD others only allow EUR withdrawals etc.
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