Arbitrage opportunities - page 2. | Bitcointalksearch.org

evoorhees

legendary

Activity: 1008

Merit: 1023

Democracy is the original 51% attack

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%)

epetroel

sr. member

Activity: 431

Merit: 251

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...

damnek

hero member

Activity: 614

Merit: 500

I've been doing some arbitrage on the almost abandoned Ruxum. There was somebody buying nearly 100btc for 6.45usd! There's still a bid of 100btc at 5.2usd left, but I ran out of coins.

epetroel

sr. member

Activity: 431

Merit: 251

Agreed, seems like arbitrage opportunities are pretty thin, especially between Gox and Tradehill. I've been having some luck in the GBP/EUR markets, but those have other problems. For one, it is much harder to move GBP and EUR between exchanges. Also, the EUR market seems to be consistently overpriced. I suppose if you wanted Euros that would be a good thing, but otherwise not so much.

nmat

hero member

Activity: 602

Merit: 502

I have been doing automated arbitrage at some of the top USD exchanges, but the opportunities are very rare nowadays. The prices at TradeHill and MtGox now move almost at the same time.

So I decided to create this thread to share experiences with other people that are also doing arbitrage. Does anyone have any tips or do you know about exchanges that are not as efficient? Maybe the USD/EUR/GBP bitcoin market has more interesting opportunities?

Topic: Arbitrage opportunities - page 2. (Read 3833 times)