Bitcoin Arbitrage | Bitcointalksearch.org

Victorycoin

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Quote from: BrewMaster on June 03, 2017, 11:37:20 AM

i can't see the first picture it probably was deleted.
but to my knowledge cryptopia doesn't have a fiat market. so what you are seeing is probably USDT not USD so don't use the dollar sign ($) for its price. and be careful with it because it is an altcoin which should be worth $1 each but sometimes it drops hard.

also make sure to check the size of the buy orders not just their prices.

By size of buy orders, I suppose you are referring to the exchange's daily volume of trade. It has got to be significant to be able to attract abd accommodate more transactions, which ultimately provides the necessary liquidity for seamless buyiing and selling.. In the absence of some significant liquidity, taking a trading position might culminate to a loss

iram3130

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Quote from: Koko89 on June 04, 2017, 10:25:31 AM

Quote from: CraigWrightBTC on June 04, 2017, 08:20:58 AM

The arbitrage is strategy trading bitcoins or altcoins that use different price between markets
but it is not like trading because it can not be done every time,
we must wait up to there are different price between markets usually the local market area
with international markets, it is no needs analisys technical, it is easy way to take profit.

have you ever do it before?

IMO it actually depends on which country you're living in and how your government think about Bitcoin transaction. The price conversion in some of the currencies is too high and financial institutions of your country may target you.

Koko89

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Quote from: CraigWrightBTC on June 04, 2017, 08:20:58 AM

The arbitrage is strategy trading bitcoins or altcoins that use different price between markets
but it is not like trading because it can not be done every time,
we must wait up to there are different price between markets usually the local market area
with international markets, it is no needs analisys technical, it is easy way to take profit.

have you ever do it before?

CraigWrightBTC

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The arbitrage is strategy trading bitcoins or altcoins that use different price between markets
but it is not like trading because it can not be done every time,
we must wait up to there are different price between markets usually the local market area
with international markets, it is no needs analisys technical, it is easy way to take profit.

Koko89

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Activity: 13

Merit: 0

Quote from: FractalUniverse on June 04, 2017, 08:05:17 AM

Bitfinex was fast, because they were paying certain transaction fees amounts, to make transactions fast. According to announcement i received from bitfinex on friday, they will start charging BTC withdrawal fees soon. So thats additional cost you have to consider, should be $2- $2.50 per withdrawal:

Quote

Up to now, Bitfinex has never charged users for these Tx Fees, as the amounts involved were relatively small. In the last two years, the fees for Bitcoin transactions, in particular, have significantly increased. At the time of writing, the recommended Tx Fee to have a Bitcoin transaction included in the next mined block is 420 satoshis/byte. For the median transaction size of 226 bytes, this results in a fee of 94,920 satoshis - about $2.20 at the current Bitcoin price.

Our users make thousands of transactions from our platform every day. The costs involved in sending all these transactions have increased to a point where we find ourselves forced to start charging our users the transaction fees.
....
On Monday, June 05, we will be updating the withdrawals interface to allow users to monitor the current Tx Fee assessed to cryptocurrency withdrawals.

actually i can't make a withdraw from Bitfinex or any International BTC market.
they need a passport and i don't have it.

all i can do is transfer BTC on it and transfer it again in my country exchange market.
and the time transfer BTC indonesian market to Bitfinex it take 20 minutes.

FractalUniverse

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Bitfinex was fast, because they were paying certain transaction fees amounts, to make transactions fast. According to announcement i received from bitfinex on friday, they will start charging BTC withdrawal fees soon. So thats additional cost you have to consider, should be $2- $2.50 per withdrawal:

Quote

Up to now, Bitfinex has never charged users for these Tx Fees, as the amounts involved were relatively small. In the last two years, the fees for Bitcoin transactions, in particular, have significantly increased. At the time of writing, the recommended Tx Fee to have a Bitcoin transaction included in the next mined block is 420 satoshis/byte. For the median transaction size of 226 bytes, this results in a fee of 94,920 satoshis - about $2.20 at the current Bitcoin price.

Our users make thousands of transactions from our platform every day. The costs involved in sending all these transactions have increased to a point where we find ourselves forced to start charging our users the transaction fees.
....
On Monday, June 05, we will be updating the withdrawals interface to allow users to monitor the current Tx Fee assessed to cryptocurrency withdrawals.

Koko89

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Quote from: senyorito123 on June 04, 2017, 07:19:36 AM

Quote from: Koko89 on June 03, 2017, 10:42:28 AM

I was thinking that i can arbitrage to my country market BTC VS Crpytopia

and this is my calculation :

This is BTC market from Crpytopia it's about : 2386

http://imgur.com/a/nUefq

this is my BTC market in my coun[/img]try it's around 35million IDR change it to USD : 2689.89

http://imgur.com/2FWir9g

Between 2 market i can get instant profit : 303.89 Dollar per BTC

that's mean i can get profit of 12.7% every time i invest.
is that worth it ?

Be carefull upon executing an arbitrage style of trade since many people lose their money for some matters but if you can take the risk upon doing it well maybe you can get more benifit unto it since as we know each site got different price stamp and It could be your chance to earn if you are fast enough to press the button upon doing some trades on both sites.

Thank's for the advice.

This month i always see the crpytopia vs my Indonesian market Exchange.

i got a conclusion : with that 1 month i really focusing on. there will be always a difference price between those exchange at least 200 dollar.
another conclusion is : South east asia market is really expensive in BTC since there is no one mining it. specially my country, but some Export or Import between my country to another country using Bitcoin. so i can see here i have a problem in my own country and i can make profit about it.

According to my bitcoin experience Indonesian market is the second most expensive after korea.

About the time transfer btc between another wallet i already try it between bitfinex and my country market.
it take up to 20 minutes to do it.

this is the only risk.

As i know (is my opinion thought ) the market of BTC will change up or down in 15 minutes. so there is only one shot up or down between 1 transaction. ( you know what i mean ? Cheesy

) i'm sorry. i can speak english but it's to damn hard to say what i mean.

Koko89

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Quote from: FractalUniverse on June 04, 2017, 07:10:35 AM

i dont know as i never used these 2 exchanges.
but to do arbitrage correctly and safely you would need to have funds on both exchanges. when you buy BTC on one, you sell it on the other to fix the price (fluctuation can kill your arbitrage during time needed for transfer to the other exchange).

+you can also consider hedging against fluctuation of your country currency and USD, but its not that necessary as the fluctuation there is not that big.

this is the risk when i do an arbitrage.
fluctuation can strongly kill me i understand that

senyorito123

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Quote from: Koko89 on June 03, 2017, 10:42:28 AM

I was thinking that i can arbitrage to my country market BTC VS Crpytopia

and this is my calculation :

This is BTC market from Crpytopia it's about : 2386

http://imgur.com/a/nUefq

this is my BTC market in my coun[/img]try it's around 35million IDR change it to USD : 2689.89

Between 2 market i can get instant profit : 303.89 Dollar per BTC

that's mean i can get profit of 12.7% every time i invest.
is that worth it ?

Be carefull upon executing an arbitrage style of trade since many people lose their money for some matters but if you can take the risk upon doing it well maybe you can get more benifit unto it since as we know each site got different price stamp and It could be your chance to earn if you are fast enough to press the button upon doing some trades on both sites.

FractalUniverse

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i dont know as i never used these 2 exchanges.
but to do arbitrage correctly and safely you would need to have funds on both exchanges. when you buy BTC on one, you sell it on the other to fix the price (fluctuation can kill your arbitrage during time needed for transfer to the other exchange).

+you can also consider hedging against fluctuation of your country currency and USD, but its not that necessary as the fluctuation there is not that big.

Koko89

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Quote from: FractalUniverse on June 04, 2017, 06:55:53 AM

I see. note that lower amounts will require higher fees relative to amount transferred/exchanged. it will cut into your possible arbitrage profits as well.

Exactly !!

i think i will tryna save all of my profit in normal trading till make it 10 million IDR it's around 752 USD it's around 0.3 btc

i will earn more profit and fee isn't my problem anymore.

is this a good way ?

FractalUniverse

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I see. note that lower amounts will require higher fees relative to amount transferred/exchanged. it will cut into your possible arbitrage profits as well.

Koko89

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Quote from: FractalUniverse on June 04, 2017, 06:38:22 AM

if you think its doable, try it with smaller amount, like 0.1 btc first and you will see

Ahahahhaha my money is less then 0.1 BTC and it's kill's me Grin

FractalUniverse

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if you think its doable, try it with smaller amount, like 0.1 btc first and you will see

Koko89

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Quote from: BrewMaster on June 03, 2017, 11:37:20 AM

i can't see the first picture it probably was deleted.
but to my knowledge cryptopia doesn't have a fiat market. so what you are seeing is probably USDT not USD so don't use the dollar sign ($) for its price. and be careful with it because it is an altcoin which should be worth $1 each but sometimes it drops hard.

also make sure to check the size of the buy orders not just their prices.

Yea i know.
USDT is might be the answer of high fee and the only way to transfer it crptopia

as far as i know USDT won't drop that much.

Probably when i really have the USDT i will wait the price till drop around 2200 of USDT in crpytopia market
however Indonesian BTC market is expensive though if i can make a conclusion indonesian market is the most expensive BTC market right after korea.

Price UPDATE 6/4/2017 6:25 PM GMT +12 Indonesia

Crpytopia Market : 2388 USDT
Local Indonesian Bit coin Market : 36 million IDR transfer it to usd : 2716.22 USD transfer it to USDT : 2.637

Proft : 14.123% per transaction.

Please give me a advice about this.

Koko89

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Quote from: Iranus on June 03, 2017, 11:25:56 AM

At first sight, yes. However there are some factors that you don't seem to have considered:

-Exchange fees and fees for dealing with fiat.

-The amount of time that it would take each time and the fluctuations in the prices during that time.

-The spread between the buy and sell prices.

Often with less trustworthy/reliable exchanges like Cryptopia, there could be issues as well. Often with arbitrage like this there are a lot of things which result in a big delay for you doing this, and you don't get as much profit as you expected. However, even a profit of 5% would be giant from any normal measurements. Good luck.

The fee indeed is very damn fucking high.
but i can buy USDT for it.

technically i will buy USDT first then transfer it to crpytopia buy btc and transfer it again to my country BTC market.

USDT might be the answer of fee.
USDT only cut me off 0.5% off fee
then withdraw money from my country is damn cheap only 25k IDR change it to usd it least then 2 dollar

Price UPDATE 6/4/2017 6:25 PM GMT +12 Indonesia

Crpytopia Market : 2388 USDT
Local Indonesian Bit coin Market : 36 million IDR transfer it to usd : 2716.22 USD transfer it to USDT : 2.637

Proft : 14.123% per transaction.

Please give me a advice about this.

ASHLIUSZ

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Arbitrage trading is not the one that is possible everywhere. This happens depending on the location of the service rendered, importantly most of the time the variation over the east Asian locatity and the rest of the country provides a better profiting chance through trading even after all exchange charges.

arpon11

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Over 11% profit including exchangers charges and your local bank is fair enough if you can do this two times daily. Arbitrage is one way one can make huge profit in trading if you know how it works and if you calculate the charges first.

2bfree

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I'm investigating Crypto Projects

this is way of a to hard method to make money plus moving all this month back and forth will get some low level idiot at the achange to freeze your account in the name of "protecting" you or some shit like that. I think trading is way more profitable then arbitrage (I think).

PokerDiceMan

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Quote from: Koko89 on June 03, 2017, 10:42:28 AM

I was thinking that i can arbitrage to my country market BTC VS Crpytopia

and this is my calculation :

This is BTC market from Crpytopia it's about : 2386

This is my BTC market in my country it's around 35million IDR change it to USD : 2689.89

Between 2 market i can get instant profit : 303.89 Dollar per BTC

that's mean i can get profit of 12.7% every time i invest.
is that worth it ?

bitcoin arbitrage is very dificult
because about calculation withdraw fee fiat money , and how long duration deposit and withdraw use fiat money

Topic: Bitcoin Arbitrage (Read 1286 times)