Arbitrage opportunities | Bitcointalksearch.org

genuise

sr. member

Activity: 379

Merit: 250

Quote from: Seal on June 28, 2012, 12:28:24 AM

Tygrr trading arb bot on GLBSE was recently shut down. It was a pretty serious effort from Chaang Noi but he admitted the opportunities were too few and far between to be successful.

This can be well illustraded here bitcoin-analytics.com/#arbitrage
Please, check if you are interested.

Seal

donator

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Tygrr trading arb bot on GLBSE was recently shut down. It was a pretty serious effort from Chaang Noi but he admitted the opportunities were too few and far between to be successful.

Bigpiggy01

hero member

Activity: 1138

Merit: 523

Quote from: ?? on ??

My guess is that liquidity levels are managed by continually adding funds to the various exchanges in play. A well funded arb that can do this will always have the upper hand over someone who is trying to 'bootstrap' their funding.

Absolutely and this makes it really really suck if you go faster than usual and run out of funds anywhere on a Friday Grin

This is where the leeches come into play with their 2-6% transfers and some of us actually get suckered into using them just to keep our volumes up.

thezerg

legendary

Activity: 1246

Merit: 1010

I've been looking at arbitrage of BTC in practice and I just don't get it. You have to store thousands of bucks on a bunch of pretty risky "exchanges" (if you can even fill that volume and if you can't its not worth the time); it seems to take weeks to get the cash back around the loop to a usable location (if using Mt Gox and the arbitrage is consistently in one direction), and to top it off you have to do a bunch of paperwork come tax time and Uncle Sam is going to take half your profits as short term capital gains!

The only "arbitrage" I can think of is to go more long on BTC then you'd normally go in one of the consistently-lower exchanges and then if Gox starts heading near your buy-in you quickly shift the BTC over there and sell for your minimum profit. And of course when you take profits (and plan to keep the money in fiat) you can shift BTC to Gox for an extra 5%. Makes you wonder why anyone is selling on the other exchanges (at their market prices anyway)... I guess there really is a perceived value to the time Gox is taking to disburse funds...

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: DublinBrian on June 21, 2012, 08:26:50 AM

There is a major shortage of bitcoins on Intersangos euro market.

https://intersango.com/orderbook.php?currency_pair_id=2

A purchase of just 200 BTC will drive the price to €6. Compare that to MtGox where there are 23,000 BTC for sale at €5.44

If this persists Im going to have to withdraw all my funds from Intersango and send them to Gox, which is a pain in the ass, because Intersango is much easier to use. You dont have to send copies of your id and proof of address to Intersango. Gox is being hobbled by the US banking cartel and I dont want to deal with them.

Win for the guy with 23,000BTC for sale. Wink

DublinBrian

full member

Activity: 197

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There is a major shortage of bitcoins on Intersangos euro market.

https://intersango.com/orderbook.php?currency_pair_id=2

A purchase of just 200 BTC will drive the price to €6. Compare that to MtGox where there are 23,000 BTC for sale at €5.44

If this persists Im going to have to withdraw all my funds from Intersango and send them to Gox, which is a pain in the ass, because Intersango is much easier to use. You dont have to send copies of your id and proof of address to Intersango. Gox is being hobbled by the US banking cartel and I dont want to deal with them.

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: DublinBrian on June 21, 2012, 07:36:45 AM

There is now a €0.30 difference in the price between MtGox and Intersango.

Can some of you european miners or bitcoin sellers please sell your coins on Intersango instead of MtGox. There is a shortage on bitcoins for sale on Intersangos euro market.

That's interesting. That may be why that huge wall is on MtGox. Its owner may be speculating that Intersango's prices will compel people to buy into his wall, and thus allow him to sell such a large amount at a price he wants without slippage.

DublinBrian

full member

Activity: 197

Merit: 100

There is now a €0.30 difference in the price between MtGox and Intersango.

Can some of you european miners or bitcoin sellers please sell your coins on Intersango instead of MtGox. There is a shortage on bitcoins for sale on Intersangos euro market.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

I have also noticed how hard it has become to make a buck at arbitrage. Could it just be competition? The more people and bots trying to take advantage of differing prices, the less opportunities there are. That was my guess.

Nejc Kodric (BitStamp.net)

member

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Hello

I would like to announce that BitStamp exchange will soon be supported by BitInstant.

Best regards,
Nejc Kodric
www.BitStamp.net
Questions? -No problem! Mail me [email protected]

nmat

hero member

Activity: 602

Merit: 502

Quote from: EuSouBitcoin on January 04, 2012, 01:59:45 PM

On CampBX there are 375 BTC offered at $5.31. Currently $5.509 Bid on Mt Gox. That looks like a nice buy at $5.31 on CampBX if you have some USD on CampBX or can move some quickly from Dwolla.

Yeah, there were some nice opportunities today. That used to be a 500 BTC order Wink

Unfortunately I don't have more USD at CampBX.

EDIT: the order is gone now

EuSouBitcoin

sr. member

Activity: 490

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On CampBX there are 375 BTC offered at $5.31. Currently $5.509 Bid on Mt Gox. That looks like a nice buy at $5.31 on CampBX if you have some USD on CampBX or can move some quickly from Dwolla.

istar

hero member

Activity: 523

Merit: 500

Quote from: evoorhees on January 03, 2012, 05:17:09 PM

Quote from: epetroel on January 03, 2012, 05:08:27 PM

I've done a bit of manual arbitrage on Ruxum as well, but the fact that they don't have an API makes it kind of pointless for me. Also, their fees for getting money in and out are pretty ridiculous (same reason I'm not trading at CryptoX yet).

I get an uneasy feeling that Ruxum will just drop off the map soon as well...

Crypto now supports BitInstant so it's much cheaper to get money in. You can also deposit Mt.Gox codes at crypto so you can get USD from Gox over to Crypto with zero fee (and you can use Bitinstant to get USD from Crypto back to gox for about 1%)

Thats great to hear. Crypto x change really seems good.
We really need trade at more exchanges than MT.Gox its not good with only one huge market.
In case something happens to them.

Though they have done much for the bitcoin community and continue to do so.

epetroel

sr. member

Activity: 431

Merit: 251

Quote from: nmat on January 03, 2012, 08:07:20 PM

I looked at btc-e and I don't really know why but I don't feel very comfortable letting my money sit in there.

+1, I feel the same way. Something just feels a bit shady about that exchange.

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

Quote from: nmat on January 03, 2012, 08:07:20 PM

I looked at btc-e and I don't really know why but I don't feel very comfortable letting my money sit in there.

I agree for large sums. I keep about 20 BTC there for such instances. Unfortunately, I do not have USD there ATM. Their market has been steadily increasing in size/volume, and may be an up and coming option.

nmat

hero member

Activity: 602

Merit: 502

Thanks epetroel, I think I am going to check out some non-usd markets. And you're right, the opportunities above 1% are not common.

I looked at btc-e and I don't really know why but I don't feel very comfortable letting my money sit in there.

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

Though the depth is pretty thin, BTC-e.com is a step behind on big movements. It's good for a handful of coins/USD.

koin

legendary

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Merit: 1000

good to learn the markets are becoming more efficient.

bitstamp has a code that functions in the same way as a mt. gox code / crytpo x coupon in that transfers between customers are possible: http://en.bitcoin.it/wiki/BitStamp#Internal_transfers perhaps that's another method useful when moving funds for arbitrage?

epetroel

sr. member

Activity: 431

Merit: 251

Quote from: evoorhees on January 03, 2012, 05:17:09 PM

Crypto now supports BitInstant so it's much cheaper to get money in. You can also deposit Mt.Gox codes at crypto so you can get USD from Gox over to Crypto with zero fee (and you can use Bitinstant to get USD from Crypto back to gox for about 1%)

Didn't realize you could deposit Mt. Gox codes at crypto directly for no fee. That is a big plus. I have used BitInstant on a number of occasions to go from Gox to Tradehill, but even at 1% the fees are usually too high to make sense. The profit margin from arbitrage is hardly ever over the 1% required to cover the transfer.

PatrickHarnett

hero member

Activity: 518

Merit: 500

Having the right funds in the right place at the right time. Also, patience is necessary.

General observation is that newer exchanges have the better opportunities than the larger/more established exchanges, and that some currencies are better than others (libertyreserve dollars for instance).

Topic: Arbitrage opportunities (Read 3833 times)