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Topic: a huge arbitrage profit is in chinese now (Read 1002 times)

hero member
Activity: 798
Merit: 1000
Move On !!!!!!
December 10, 2015, 09:11:32 AM
#17
During the last run when we broke through $500, there was even $50 difference between the Chinese and western exchanges so these gaps that you guys mentioned above are nothing!

During these huge differences in price numerous threads have surfaced about arbitrage opportunities where we pretty much all concluded that it ain't worth messing with this!
hero member
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December 10, 2015, 06:51:53 AM
#16
If the profits were so huge, I think there would not be such big gap, at least not for long. If it exists, then it is for a reason(but what reason?), so I think there is no arbitrage opportunity.

legendary
Activity: 1615
Merit: 1000
December 10, 2015, 06:23:17 AM
#15
I have never made a USD deposit in BTC-E. If I want to have USD in my BTC-E account, I simply deposit Bitcoin in my account and sell them. Then I just wait for an opportunity to convert the USD back to Bitcoin if there is a large enough price difference between BTC-E and Bitstamp.

How long do you have to wait, on average? BTC-E is pretty much always lower than Bitstamp, so I imagine it'd take a while to find a profitable re-entry in to BTC.
legendary
Activity: 3248
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December 10, 2015, 06:20:32 AM
#14
Not long ago the BTC-E price was around $18 lower than Bitstamp. I bought 2 Bitcoins at BTC-E and sold it at Bitstamp. After all the waiting for the deposit to post at Bitstamp, I managed to sell and get around $12 profit per coin after fees. x2 = $24 profit. Easy profit without doing much work Smiley

how do you deposit usd to btc-e?? or it would have been your balance which you deposit btc to sell on btc-e in a reverse timing?

there are fee there and they are very slow, not recommended, there is no real profit with arbitrage, at most is in the range of 0.5% or less, you need to move a big amount of money
legendary
Activity: 2170
Merit: 1427
December 10, 2015, 05:10:57 AM
#13
Not long ago the BTC-E price was around $18 lower than Bitstamp. I bought 2 Bitcoins at BTC-E and sold it at Bitstamp. After all the waiting for the deposit to post at Bitstamp, I managed to sell and get around $12 profit per coin after fees. x2 = $24 profit. Easy profit without doing much work Smiley

how do you deposit usd to btc-e?? or it would have been your balance which you deposit btc to sell on btc-e in a reverse timing?

I have never made a USD deposit in BTC-E. If I want to have USD in my BTC-E account, I simply deposit Bitcoin in my account and sell them. Then I just wait for an opportunity to convert the USD back to Bitcoin if there is a large enough price difference between BTC-E and Bitstamp.
copper member
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December 10, 2015, 04:30:26 AM
#12
I can make a prediction, now the price trend is in decline, and tomorrow the price will at $37x  Roll Eyes

such a bad forecast

now the price is $41x
copper member
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December 10, 2015, 04:28:53 AM
#11
Not long ago the BTC-E price was around $18 lower than Bitstamp. I bought 2 Bitcoins at BTC-E and sold it at Bitstamp. After all the waiting for the deposit to post at Bitstamp, I managed to sell and get around $12 profit per coin after fees. x2 = $24 profit. Easy profit without doing much work Smiley

how do you deposit usd to btc-e?? or it would have been your balance which you deposit btc to sell on btc-e in a reverse timing?
copper member
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December 10, 2015, 04:24:17 AM
#10
That's 2.37% profit to sell at okcoin and buy at lakebtc. Then you subtract fees, and then you have to withdraw USD from okcoin, which they charge 0.1% for. Then every financial institution between okcoin and your bank takes their cut for the transfer, can't say how much that is.

you can ttry to withdraw bitcoin, its free. and it should may leave a few money for the next opportunity?  Huh

but for daytrader, its enough profit to do with little risk (now lakebtc is $390 while okcoin is $400)

How would that work? You've just sold your BTC for USD on okcoin.


neither okcoin nor lakebtc, I mean that my balance was hold by myself, and I think I should save my many profits to to make a big withdrawal for one time.  the more withdrawals, the more costs. as a daytrader, but firstly I am a long-term BTC-holder.
legendary
Activity: 2170
Merit: 1427
December 08, 2015, 04:59:58 AM
#9
Not long ago the BTC-E price was around $18 lower than Bitstamp. I bought 2 Bitcoins at BTC-E and sold it at Bitstamp. After all the waiting for the deposit to post at Bitstamp, I managed to sell and get around $12 profit per coin after fees. x2 = $24 profit. Easy profit without doing much work Smiley
legendary
Activity: 1652
Merit: 1000
December 08, 2015, 04:46:29 AM
#8
it does happening almost everyday i think and price differences between Huobi and my local exchange in range $10-$15 also lot of people in my country take advantage of this situation they buy bitcoin in my local exchange and sell it in Huobi and they can earn daily profit from this
member
Activity: 121
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December 07, 2015, 04:00:22 PM
#7
Right now difference between the price is only 5$ so better not to risk for small profit. And for day trader if you can't afford more than 2 btc in each exchanger there is nothing much to earn from this gap.

There's a time delay while you move coins between exchanges, and bitcoin can change value while you wait. By the time your bitcoins are confirmed you could find your potential profit has turned into a loss because bitcoin's price changed.

There's another risk that others doing arbitrage beat you to it, and you again make a loss.
legendary
Activity: 994
Merit: 1000
December 07, 2015, 02:04:28 PM
#6
Right now difference between the price is only 5$ so better not to risk for small profit. And for day trader if you can't afford more than 2 btc in each exchanger there is nothing much to earn from this gap.
legendary
Activity: 1615
Merit: 1000
December 07, 2015, 08:33:19 AM
#5
That's 2.37% profit to sell at okcoin and buy at lakebtc. Then you subtract fees, and then you have to withdraw USD from okcoin, which they charge 0.1% for. Then every financial institution between okcoin and your bank takes their cut for the transfer, can't say how much that is.

you can ttry to withdraw bitcoin, its free. and it should may leave a few money for the next opportunity?  Huh

but for daytrader, its enough profit to do with little risk (now lakebtc is $390 while okcoin is $400)

How would that work? You've just sold your BTC for USD on okcoin.
copper member
Activity: 2268
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December 07, 2015, 05:09:14 AM
#4
please look the charts: http://data.bitcoinity.org/markets/arbitrage/USD

okcoin has the highest price ($394.64), while lakebtc has the lowest price ($382.91), almost $10 spread

and even though their USD trading is not as free as the CNY, but the trading fee is low (0.2% Taker & 0.1% Maker), and also the FIAT deposit is free too.

I don't know how long this volatility will last, but I shared it to you, anyone would like to miss money?  Wink

That's 2.37% profit to sell at okcoin and buy at lakebtc. Then you subtract fees, and then you have to withdraw USD from okcoin, which they charge 0.1% for. Then every financial institution between okcoin and your bank takes their cut for the transfer, can't say how much that is.

you can ttry to withdraw bitcoin, its free. and it should may leave a few money for the next opportunity?  Huh

but for daytrader, its enough profit to do with little risk (now lakebtc is $390 while okcoin is $400)
legendary
Activity: 1615
Merit: 1000
December 07, 2015, 04:41:58 AM
#3
please look the charts: http://data.bitcoinity.org/markets/arbitrage/USD

okcoin has the highest price ($394.64), while lakebtc has the lowest price ($382.91), almost $10 spread

and even though their USD trading is not as free as the CNY, but the trading fee is low (0.2% Taker & 0.1% Maker), and also the FIAT deposit is free too.

I don't know how long this volatility will last, but I shared it to you, anyone would like to miss money?  Wink

That's 2.37% profit to sell at okcoin and buy at lakebtc. Then you subtract fees, and then you have to withdraw USD from okcoin, which they charge 0.1% for. Then every financial institution between okcoin and your bank takes their cut for the transfer, can't say how much that is.
hero member
Activity: 490
Merit: 500
December 07, 2015, 04:38:40 AM
#2
I can make a prediction, now the price trend is in decline, and tomorrow the price will at $37x  Roll Eyes
hero member
Activity: 490
Merit: 500
December 07, 2015, 04:33:11 AM
#1
please look the charts: http://data.bitcoinity.org/markets/arbitrage/USD

okcoin has the highest price ($394.64), while lakebtc has the lowest price ($382.91), almost $10 spread

and even though their USD trading is not as free as the CNY, but the trading fee is low (0.2% Taker & 0.1% Maker), and also the FIAT deposit is free too.

I don't know how long this volatility will last, but I shared it to you, anyone would like to miss money?  Wink
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