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A comment on Bitcoin falls from $266. Parent comment

Re:Bitcoin falls from $266 by quinndupont on Wednesday April 10, 2013 @02:31PM (#5527058)
Yup, the arbitrage opportunities are real. Just yesterday the Canadian exchange (cavirtex) was trading $40CAD/BTC higher than MtGox (CAD); if you had an account with both, and free money to spare, you could take a handsome profit (minus fees, usually around 3% each, so 6% roundtrip)
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Re:Bitcoin falls from $266 by pbhjpbhj on Wednesday April 10, 2013 @05:24PM (#5528307)
Doesn't that cause the currency to collapse - only limited by the transaction rate? With no transaction limit you can pump for infinite BTC.

If I can do one transaction per minute for an hour at 6% return that's 10 BTC -> 370 BTC using standard compound interest formula. In 10 hours you're a quadrillionaire.

Edit: of course it's limited by the trades available ...

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Re:Bitcoin falls from $266 by eurleif on Wednesday April 10, 2013 @05:26PM (#5528317)
You'll run out of people willing to sell at the lower price, or buy at the higher price, eventually.
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