Topic: Bitcoin Arbitrage - page 2. (Read 1270 times)
If you can do this than it is really profitable because you will get over 10% in pure profit. But you should be aware of any fees those market might have in deposit and withdrawals, also time needed for you to send your fiat and bitcoin between them.
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 $1 each but sometimes it drops hard.
also make sure to check the size of the buy orders not just their prices.
but to my knowledge cryptopia doesn't have a fiat market. so what you are seeing is probably USDT not USD so don't use the dollar sign ($) 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.
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.
-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.
Depends on how much it costs you to do the actual exchange. have you calculated how much it will cost to buy from one exchange then send to your wallet, then send to another exchange, and then convert to FIAT? That would definitely cut into your profit. However, if you can make 5% profit each time, might be worth it to you.
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 ?
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 ?
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