I see your perspective. If you just move from BTC to ETH when you think btc is gonna drop and eth is going up, and flip flop on inverses, then who knows.
Gonna close the thread. No point. Thank you
Topic: Coinbase API based BTC/ETH bot? (Read 839 times)
Good advice. I used MACD and various moving averages / stochastic indicators... It could work as a notifier of potential opportunity but likely all trade bots are flawed for the reasons you mention.
The discrepancies in prices, even in triangles or from different exchanges, tend to even themselves out within seconds. On forex markets you're talking about fractions of a second because of how many people like to do arbitrage anyway. With cryptocurrencies I'm sure there are a few opportunities, especially on altcoin exchanges, but it would still be very hard even if you had a bot completely automate the whole process.The "idea" is a form of Arbitrage Trading (I believe it is called something like Triangle Arbitrage or something similar).
In theory it should work. But in practice it won't.
And it is not just fees. It is the fact that market always balances itself out.
And for this method to work you DO NEED a bot, you can not do it manually (speaking from experience
), because it is hard, you need to calculate the fee, profit, ... and you will make mistakes. Also you need to act quick, otherwise it is an opportunity lost.
In theory it should work. But in practice it won't.
And it is not just fees. It is the fact that market always balances itself out.
And for this method to work you DO NEED a bot, you can not do it manually (speaking from experience
), because it is hard, you need to calculate the fee, profit, ... and you will make mistakes. Also you need to act quick, otherwise it is an opportunity lost.On Bitcoin exchanges the spread and fees will outweigh any real benefit from arbitrage.
Good advice. I used MACD and various moving averages / stochastic indicators... It could work as a notifier of potential opportunity but likely all trade bots are flawed for the reasons you mention.
The "idea" is a form of Arbitrage Trading (I believe it is called something like Triangle Arbitrage or something similar).
In theory it should work. But in practice it won't.
And it is not just fees. It is the fact that market always balances itself out.
And for this method to work you DO NEED a bot, you can not do it manually (speaking from experience), because it is hard, you need to calculate the fee, profit, ... and you will make mistakes. Also you need to act quick, otherwise it is an opportunity lost.
In theory it should work. But in practice it won't.
And it is not just fees. It is the fact that market always balances itself out.
And for this method to work you DO NEED a bot, you can not do it manually (speaking from experience
), because it is hard, you need to calculate the fee, profit, ... and you will make mistakes. Also you need to act quick, otherwise it is an opportunity lost.
The "idea" is a form of Arbitrage Trading (I believe it is called something like Triangle Arbitrage or something similar).
In theory it should work. But in practice it won't.
And it is not just fees. It is the fact that market always balances itself out.
And for this method to work you DO NEED a bot, you can not do it manually (speaking from experience), because it is hard, you need to calculate the fee, profit, ... and you will make mistakes. Also you need to act quick, otherwise it is an opportunity lost.
In theory it should work. But in practice it won't.
And it is not just fees. It is the fact that market always balances itself out.
And for this method to work you DO NEED a bot, you can not do it manually (speaking from experience
), because it is hard, you need to calculate the fee, profit, ... and you will make mistakes. Also you need to act quick, otherwise it is an opportunity lost.
Ok... i used the Coinbase buy/sell method .... Sell btc to usd, buy eth with usd.... Then sell ETH to USD and rebuy BTC with USD.
Profitable until all those FEES...
Using Shapeshift I can do 1% each way instead of 8% + using method 1.
The idea is...
Should I build a trade bot or notification bot?
Trade bot = risky and difficult
Notifier = no risk and easy
Would anyone use a notifier bot or is this a useless endeavor? The notifier would use simple browser botifications and alert based on conditions you can set or use our default.
I look for BTC up by 10% and eth down by 5% then buy eth... When the conditions are opposite, i switch. It works if you use cryptos as currency and just want to opportunize fluctuations but not be a "trader"
Profitable until all those FEES...
Using Shapeshift I can do 1% each way instead of 8% + using method 1.
The idea is...
Should I build a trade bot or notification bot?
Trade bot = risky and difficult
Notifier = no risk and easy
Would anyone use a notifier bot or is this a useless endeavor? The notifier would use simple browser botifications and alert based on conditions you can set or use our default.
I look for BTC up by 10% and eth down by 5% then buy eth... When the conditions are opposite, i switch. It works if you use cryptos as currency and just want to opportunize fluctuations but not be a "trader"
Jump to: