Topic: Arbitrage (Read 4794 times)

Quote from: cozytrade on March 07, 2015, 04:08:58 PM

Are you still able to trade USD with HitBTC ? We need practical insight rather than theoretical Wink

Quote from: Bitcoin Explorer on March 07, 2015, 10:52:38 PM

Right now there is a arbitrage opportunity of 14$ between HitBTC and btc-e
~Good luck Wink

Though i haven't use them so far but seems they do have a USD/BTC market

Thanks for using bitcoinpricelab
I've noticed that HitBTC always has the highest price

Thanks for providing such a good site
Yes! always

Why do you think that always happens?

Actually i think that happens because people prefer different exchange's .
for instance , HitBTC provides good service to keep your funds to be usable or just dormant.
They also have a little smaller trades as compared to btc-e and Hitbtc not only have different rates for Usd/Btc but doge/Btc is lower than all other exchanges at all times too

Thanks for the answer, that makes sense Cheesy

cozytrade

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Activity: 1097

Merit: 310

Seabet.io | Crypto-Casino

Preference Roll Eyes

Much simple, isn't it? Just remember MtGox.

Basic rule:
High price when it is difficult to withdraw fiat.
Low price when the bitcoin is difficult to send out.

For HitBtc just the former case Tongue

Quote from: koelen3 on March 09, 2015, 05:48:43 PM

Quote from: Bitcoin Explorer on March 08, 2015, 04:52:04 AM

Quote from: cozytrade on March 07, 2015, 04:08:58 PM

Are you still able to trade USD with HitBTC ? We need practical insight rather than theoretical Wink

Quote from: Bitcoin Explorer on March 07, 2015, 10:52:38 PM

Right now there is a arbitrage opportunity of 14$ between HitBTC and btc-e
~Good luck Wink

Though i haven't use them so far but seems they do have a USD/BTC market

Thanks for using bitcoinpricelab
I've noticed that HitBTC always has the highest price

Thanks for providing such a good site
Yes! always

Why do you think that always happens?

Actually i think that happens because people prefer different exchange's .
for instance , HitBTC provides good service to keep your funds to be usable or just dormant.
They also have a little smaller trades as compared to btc-e and Hitbtc not only have different rates for Usd/Btc but doge/Btc is lower than all other exchanges at all times too

koelen3

legendary

Activity: 1022

Merit: 1007

Sooner or later, a man who wears two faces forgets

Quote from: Bitcoin Explorer on March 08, 2015, 04:52:04 AM

Quote from: cozytrade on March 07, 2015, 04:08:58 PM

Are you still able to trade USD with HitBTC ? We need practical insight rather than theoretical Wink

Quote from: Bitcoin Explorer on March 07, 2015, 10:52:38 PM

Right now there is a arbitrage opportunity of 14$ between HitBTC and btc-e
~Good luck Wink

Though i haven't use them so far but seems they do have a USD/BTC market

Thanks for using bitcoinpricelab
I've noticed that HitBTC always has the highest price

Thanks for providing such a good site
Yes! always

Why do you think that always happens?

Actually i think that happens because people prefer different exchange's .
for instance , HitBTC provides good service to keep your funds to be usable or just dormant.
They also have a little smaller trades as compared to btc-e and Hitbtc not only have different rates for Usd/Btc but doge/Btc is lower than all other exchanges at all times too

koelen3

legendary

Activity: 1022

Merit: 1007

Sooner or later, a man who wears two faces forgets

Quote from: tee-rex on March 08, 2015, 07:10:21 AM

Quote from: picolo on March 08, 2015, 07:00:50 AM

Quote from: cozytrade on March 08, 2015, 05:20:56 AM

Quote from: sgk on February 11, 2015, 01:24:29 AM

Though i haven't use them so far but seems they do have a USD/BTC market

They have the market but Funding / Withdrawal availability is different matter Undecided

Still many people making 10%/month with arbitrage ?

It depends on the sum invested. With 3-5 bitcoins you could easily reach as far as 1% per day (and then reach a little farther if fortune smiles on you). With bigger sums it becomes a lot trickier, though. You just can't dump, say, 20 btc without affecting the price significantly in the process at an exchange where the whole order-book may be lower than that amount.

Yes! that really depends on the amount and seeing the fees and all it appears less than $10k aren't good enough.

BootstrapCoinDev

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Activity: 154

Merit: 100

Quote from: blingow on February 11, 2015, 12:55:24 AM

Sometimes the BTC/USD rate differ a lot from an exchange to another, can be several USD. If I have an account in bitfinex, can I transfer the coins to kraken and sell them there ? For example if the rate is 220 $ in bitfinex and 225 $ in kraken.

That would make sense if the price difference is significantly large.

For smaller price differences, you would actually lose trying to arbitrage. The reason being the trading fees on exchanges, withdrawal/deposit fees etc.

And there is no guarantee the price will stick to it by the time you transfer your coins from one exchange to another.

That's exactly how quick money are being made. I'm sure some people are arbitraging right now, but this boils down to liquidity and when the difference is somewhere in the range between $3-5 it's difficult to tell what will be worth it.

Bitcoin Explorer

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Activity: 854

Merit: 500

Quote from: tee-rex on March 08, 2015, 07:10:21 AM

Quote from: picolo on March 08, 2015, 07:00:50 AM

Quote from: cozytrade on March 08, 2015, 05:20:56 AM

Quote from: picolo on March 08, 2015, 07:00:50 AM

Though i haven't use them so far but seems they do have a USD/BTC market

They have the market but Funding / Withdrawal availability is different matter Undecided

Still many people making 10%/month with arbitrage ?

It depends on the sum invested. With 3-5 bitcoins you could easily reach as far as 1% per day (and then reach a little farther if fortune smiles on you). With bigger sums it becomes a lot trickier, though.

If you have $20k and you deposit 10k in two exchanges which usually have high margin of ~$10 toy van make quite a lot of money

tee-rex

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Activity: 742

Merit: 526

Quote from: cozytrade on March 08, 2015, 05:20:56 AM

Quote from: cozytrade on March 08, 2015, 05:20:56 AM

Though i haven't use them so far but seems they do have a USD/BTC market

They have the market but Funding / Withdrawal availability is different matter Undecided

Still many people making 10%/month with arbitrage ?

It depends on the sum invested. With 3-5 bitcoins you could easily reach as far as 1% per day (and then reach a little farther if fortune smiles on you). With bigger sums it becomes a lot trickier, though. You just can't dump, say, 20 btc without affecting the price significantly in the process at an exchange where the whole order-book may be lower than that amount.

picolo

hero member

Activity: 1022

Merit: 500

Though i haven't use them so far but seems they do have a USD/BTC market

They have the market but Funding / Withdrawal availability is different matter Undecided

Still many people making 10%/month with arbitrage ?

cozytrade

sr. member

Activity: 1097

Merit: 310

Seabet.io | Crypto-Casino

Though i haven't use them so far but seems they do have a USD/BTC market

They have the market but Funding / Withdrawal availability is different matter Undecided

Bitcoin Explorer

hero member

Activity: 854

Merit: 500

Quote from: cozytrade on March 07, 2015, 04:08:58 PM

Are you still able to trade USD with HitBTC ? We need practical insight rather than theoretical Wink

Quote from: Bitcoin Explorer on March 07, 2015, 10:52:38 PM

Right now there is a arbitrage opportunity of 14$ between HitBTC and btc-e
~Good luck Wink

Though i haven't use them so far but seems they do have a USD/BTC market

Thanks for using bitcoinpricelab
I've noticed that HitBTC always has the highest price

Thanks for providing such a good site
Yes! always

Why do you think that always happens?

koelen3

legendary

Activity: 1022

Merit: 1007

Sooner or later, a man who wears two faces forgets

Quote from: cozytrade on March 07, 2015, 04:08:58 PM

Are you still able to trade USD with HitBTC ? We need practical insight rather than theoretical Wink

Quote from: Bitcoin Explorer on March 07, 2015, 10:52:38 PM

Right now there is a arbitrage opportunity of 14$ between HitBTC and btc-e
~Good luck Wink

Though i haven't use them so far but seems they do have a USD/BTC market

Thanks for using bitcoinpricelab
I've noticed that HitBTC always has the highest price

Thanks for providing such a good site
Yes! always

Bitcoin Explorer

hero member

Activity: 854

Merit: 500

Quote from: BitCoinNutJob on March 07, 2015, 06:26:16 AM

Quote from: velhoti on February 17, 2015, 11:43:16 AM

Quote from: koelen3 on February 17, 2015, 04:12:39 AM

The easy way to do it is , get coins to one exchange where you think is high and get cash deposit to another and when you are ready wait for a good arbitrage opportunity and just sell at high and withdraw and by at cheap and withdraw Wink

But to make good profit , you will have to go with little good amount and look out for pretty nice difference , somtime it is even 8$

Right now is possible to buy at www.btc-e.com at price $237.3 per bitcoin and sell in www.vircurex.com at price $261 per bitcoin. it is a big diference but I still think it is not profitable long term.

Vircurex usd/btc is a dead pair, you cant deposit USD on there anymore last time i checked, think the volume is almost nothing.

Try this site : http://bitcoinpricelab.com/

Right now there is a arbitrage opportunity of 14$ between HitBTC and btc-e
~Good luck Wink

Thanks for using bitcoinpricelab
I've noticed that HitBTC always has the highest price

cozytrade

sr. member

Activity: 1097

Merit: 310

Seabet.io | Crypto-Casino

Are you still able to trade USD with HitBTC ? We need practical insight rather than theoretical Wink

Quote from: BitCoinNutJob on March 07, 2015, 06:26:16 AM

Right now there is a arbitrage opportunity of 14$ between HitBTC and btc-e
~Good luck Wink

koelen3

legendary

Activity: 1022

Merit: 1007

Sooner or later, a man who wears two faces forgets

Quote from: velhoti on February 17, 2015, 11:43:16 AM

Quote from: koelen3 on February 17, 2015, 04:12:39 AM

The easy way to do it is , get coins to one exchange where you think is high and get cash deposit to another and when you are ready wait for a good arbitrage opportunity and just sell at high and withdraw and by at cheap and withdraw Wink

But to make good profit , you will have to go with little good amount and look out for pretty nice difference , somtime it is even 8$

Right now is possible to buy at www.btc-e.com at price $237.3 per bitcoin and sell in www.vircurex.com at price $261 per bitcoin. it is a big diference but I still think it is not profitable long term.

Vircurex usd/btc is a dead pair, you cant deposit USD on there anymore last time i checked, think the volume is almost nothing.

Try this site : http://bitcoinpricelab.com/

Right now there is a arbitrage opportunity of 14$ between HitBTC and btc-e
~Good luck Wink

BitCoinNutJob

legendary

Activity: 1316

Merit: 1000

Quote from: velhoti on February 17, 2015, 11:43:16 AM

Quote from: koelen3 on February 17, 2015, 04:12:39 AM

The easy way to do it is , get coins to one exchange where you think is high and get cash deposit to another and when you are ready wait for a good arbitrage opportunity and just sell at high and withdraw and by at cheap and withdraw Wink

But to make good profit , you will have to go with little good amount and look out for pretty nice difference , somtime it is even 8$

Right now is possible to buy at www.btc-e.com at price $237.3 per bitcoin and sell in www.vircurex.com at price $261 per bitcoin. it is a big diference but I still think it is not profitable long term.

Vircurex usd/btc is a dead pair, you cant deposit USD on there anymore last time i checked, think the volume is almost nothing.

tee-rex

hero member

Activity: 742

Merit: 526

Quote from: Bitcoin Explorer on March 07, 2015, 03:17:06 AM

Quote from: tee-rex on March 07, 2015, 02:43:28 AM

Quote from: Bitcoin Explorer on March 07, 2015, 01:50:07 AM

Quote from: tee-rex on March 07, 2015, 02:43:28 AM

I think arbitrage is too risky and will end up in losing money because of fees. Today, with high-speed trading, arbitrage opportunities last only for a few milliseconds seconds in widely traded markets. Arbitrage opportunities in the commodity futures market last for very short periods.

Yeah I recently read about arbitrage in the stock markets, and it lasts literally for seconds, but for Bitcoin, the time frame is better. So it might be risky but is definitely profitable

I've been doing this, it works, and it is profitable. The real problem is when an exchange doesn't fulfill your withdrawal request at once but withholds your coins (or doesn't deposit the money after the transaction is confirmed on the blockchain). Also, btc transactions are frustratingly slow, and you can end up waiting for half an hour for your transaction to get confirmed first.

This can be tackled with money being deposited in both the exchanges.

I know this, but why restrain yourself to trading in just two exchanges? Besides that, this way you will be losing some of your profits (as well as constraining your losses if something goes wrong, e.g. the market sentiment suddenly changes).

Bitcoin Explorer

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Activity: 854

Merit: 500

Quote from: Bitcoin Explorer on March 07, 2015, 01:50:07 AM

Quote from: Bitcoin Explorer on March 07, 2015, 01:50:07 AM

I think arbitrage is too risky and will end up in losing money because of fees. Today, with high-speed trading, arbitrage opportunities last only for a few milliseconds seconds in widely traded markets. Arbitrage opportunities in the commodity futures market last for very short periods.

Yeah I recently read about arbitrage in the stock markets, and it lasts literally for seconds, but for Bitcoin, the time frame is better. So it might be risky but is definitely profitable

I've been doing this, it works, and it is profitable. The real problem is when an exchange doesn't fulfill your withdrawal request at once but withholds your coins (or doesn't deposit the money after the transaction is confirmed on the blockchain). Also, btc transactions are frustratingly slow, and you can end up waiting for half an hour for your transaction to get confirmed first.

This can be tackled with money being deposited in both the exchanges.

tee-rex

hero member

Activity: 742

Merit: 526

I think arbitrage is too risky and will end up in losing money because of fees. Today, with high-speed trading, arbitrage opportunities last only for a few milliseconds seconds in widely traded markets. Arbitrage opportunities in the commodity futures market last for very short periods.

Yeah I recently read about arbitrage in the stock markets, and it lasts literally for seconds, but for Bitcoin, the time frame is better. So it might be risky but is definitely profitable

I've been doing this, it works, and it is profitable. The real problem is when an exchange doesn't fulfill your withdrawal request at once but withholds your coins (or doesn't deposit the money after the transaction is confirmed on the blockchain). Also, btc transactions are frustratingly slow, and you can end up waiting for half an hour for your transaction to get confirmed first.

Bitcoin Explorer

hero member

Activity: 854

Merit: 500