Bitcoin arbitrage - your experience and opinion - page 2.

2118114

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Quote from: krishatnet on December 27, 2014, 09:40:37 AM

If the price of the bitcoin changes suddenly you will not get good results and trading fees also to be considered.

That's why You should consider using one of FIAT currencies as base for arbitrage. Daily low/high difference of BTC is something like 10% (if you take a wider look even on smaller local markets).

If You want constant profit, without carrying about BTC price, that is good option. Arbitrage trades are fast, and profit is secured almost at same time when order is made.

In my opinion BTC is still not stable, so i won't put my savings in it. Prefer to stay with USD at the moment.

AwesomeTRADER

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Quote from: krishatnet on December 27, 2014, 09:40:37 AM

If the price of the bitcoin changes suddenly you will not get good results and trading fees also to be considered.

But earlier the main was quite a lot, like when Mt. Gox was online. Those days were really good.

krishatnet

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If the price of the bitcoin changes suddenly you will not get good results and trading fees also to be considered.

AwesomeTRADER

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Quote from: TinEye on December 26, 2014, 08:23:37 AM

Bitcoin arbitrage is quite inconvenient. Altcoins, on the other hand, makes for good profits through this. Pick one which is having a rally and you can easily make a few BTCs.

Yes, ive done lot of altcoin trading and its been very profitable for me.

2118114

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Bitcoin can be very profitable.

The most important thing is to stick to one main currency which let you avoid high bitcoin daily movements.

For example my Fiat currency which i use for arbitrage is USD. That means at end of every transactions circle i'm trying to collect all funds at USD account.

Much more profitable is arbitrage with use of two different currencies. Most difficult thing is to avoid high deposit/withdrawal fees. You need to remember that arbitrage usually gives you around 0.5-1.5% if done right way. So you can't pay 1% deposit or withdrawal fees.

Also other thing which you have to look at is Volume. Don't get tricked by medium price. Usually there are many crappy buy/sell orders made by scalping robots. Remember always buy as many bitcoins as you can sell at same time.

Anyway... that were basics, I don't want to post details here.

TinEye

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Bitcoin arbitrage is quite inconvenient. Altcoins, on the other hand, makes for good profits through this. Pick one which is having a rally and you can easily make a few BTCs.

Nrcewker

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You need to wait for a good time, there are still a lot of arbitrage opportunities for now, for example last week

AwesomeTRADER

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Hey there guys,
Off late I've taken a lot of intetrest in Bitcoin arbitrage and i feel that it is not much profitable now compared to what it was.
Do you think that arbitrage bots are useful? how many of you have used it and how much profit have you made?
Post your opinion, eperiences or whatever you'd like to add on this discussion

Topic: Bitcoin arbitrage - your experience and opinion - page 2. (Read 2541 times)