Do you trade at multiple exchanges? - page 16.

gabmen

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Quote from: hubballi on August 09, 2017, 11:29:28 AM

Quote from: yvesp110 on August 09, 2017, 10:25:57 AM

Quote from: BarbieCasino on August 05, 2017, 04:55:23 PM

Quote from: Halmater on August 04, 2017, 03:16:54 AM

i was using many exchanges for altcoin arbitrages but bots killing it its almost impossible to make arbitrage between exchanges.so right now uing only bittrex local Exchange and kraken.

That’s a nice decision indeed. Trading at multiple exchanges is not good when many exchanges are facing problems. Bittrex is undoubtedly one of the famous and safe exchanges and is great for trading bitcoins. I believe that using selective exchanges is quite safe than working on multiple exchanges.

yes, it is also a good thing that for best trading multiple exchange is not good and i also noted that all those people are trading in multiple exchanges they face to many problem and sometime they loos their money, so you are right that point using only one exchange is very good than multiple exchange and Bittrex exchange is very good and famous in all, so use this type of exchanges because it is very safe and secure for our trading.

I dont agree with you , if you properly use the multiple exchange for trading or arbitrage trading then it is very profitable, i am using arbitrage trading for some 1 or 2 coins and every week earning nearly 0.02 btc. So it is upto you how smartly you are using it. Even i am trading in multiple exchange with lot of altcoins due to all altcoins are trading according to their listing to their exchanges.

I kind of agree with both of you though. It depends because there are people who will be efficient in trading when focusing on one exchange, there will also be people who are comfortable switching from one exchange to another. I kind of consider myself to be the latter

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Quote from: yvesp110 on August 09, 2017, 10:25:57 AM

Quote from: BarbieCasino on August 05, 2017, 04:55:23 PM

Quote from: Halmater on August 04, 2017, 03:16:54 AM

i was using many exchanges for altcoin arbitrages but bots killing it its almost impossible to make arbitrage between exchanges.so right now uing only bittrex local Exchange and kraken.

That’s a nice decision indeed. Trading at multiple exchanges is not good when many exchanges are facing problems. Bittrex is undoubtedly one of the famous and safe exchanges and is great for trading bitcoins. I believe that using selective exchanges is quite safe than working on multiple exchanges.

yes, it is also a good thing that for best trading multiple exchange is not good and i also noted that all those people are trading in multiple exchanges they face to many problem and sometime they loos their money, so you are right that point using only one exchange is very good than multiple exchange and Bittrex exchange is very good and famous in all, so use this type of exchanges because it is very safe and secure for our trading.

I dont agree with you , if you properly use the multiple exchange for trading or arbitrage trading then it is very profitable, i am using arbitrage trading for some 1 or 2 coins and every week earning nearly 0.02 btc. So it is upto you how smartly you are using it. Even i am trading in multiple exchange with lot of altcoins due to all altcoins are trading according to their listing to their exchanges.

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Quote from: BarbieCasino on August 05, 2017, 04:55:23 PM

Quote from: Halmater on August 04, 2017, 03:16:54 AM

i was using many exchanges for altcoin arbitrages but bots killing it its almost impossible to make arbitrage between exchanges.so right now uing only bittrex local Exchange and kraken.

That’s a nice decision indeed. Trading at multiple exchanges is not good when many exchanges are facing problems. Bittrex is undoubtedly one of the famous and safe exchanges and is great for trading bitcoins. I believe that using selective exchanges is quite safe than working on multiple exchanges.

yes, it is also a good thing that for best trading multiple exchange is not good and i also noted that all those people are trading in multiple exchanges they face to many problem and sometime they loos their money, so you are right that point using only one exchange is very good than multiple exchange and Bittrex exchange is very good and famous in all, so use this type of exchanges because it is very safe and secure for our trading.

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Quote from: Fatunad on August 09, 2017, 09:22:26 AM

Arbitrage trading would really be useless specially when the price gaps or differences are just on small amounts because fees will only just eat us up for sure. Sticking on one exchange would be the best thing since we wont really think off on other things but arbitrage is really good but depending on the spread that will really give us some good return. We do have different perspective and techniques on trading and we should just stick on our old ways as long we are gaining.

I really like doing arbitrage. certainly, before doing it we have to do the analysis and the most important thing is you have to do a test network. because it's very decisive, sometimes we send it with a hurry and finally stuck.

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Yes i use to trade in almost all exchanges and this is due to not all altcoins are listed in one exchange so where ever my altcoins are listed i have to go to that exchange and trade. But due to this i can also know that how much good are this exchanges and whether to trade with them or not in the future.

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Arbitrage trading would really be useless specially when the price gaps or differences are just on small amounts because fees will only just eat us up for sure. Sticking on one exchange would be the best thing since we wont really think off on other things but arbitrage is really good but depending on the spread that will really give us some good return. We do have different perspective and techniques on trading and we should just stick on our old ways as long we are gaining.

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Quote from: babysweetTiger0401 on August 08, 2017, 11:53:15 PM

Quote from: jeffytune on May 28, 2017, 05:53:15 PM

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?

Yes I do trade in multiple exchange, and I don't see any wrong with that things.
also many of the traders doing the same thing I did. but most often I used was bittrex exchange site platform.
Its very seldom for me to use other exchange except if the coins I trade is not listed in bittrex but to other exchange.

I am doing the same thing like you, trading bittrex and other exchanges is a not a good thing and in fact, that is an advantage compare to the other trader because we can easily do a lot of strategies when we have different exchange account because there is a flexibility for our trading experience like we can transfer coin from one exchange to another and sell it for a big higher price.

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Quote from: jeffytune on May 28, 2017, 05:53:15 PM

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?

Yes I do trade in multiple exchange, and I don't see any wrong with that things.
also many of the traders doing the same thing I did. but most often I used was bittrex exchange site platform.
Its very seldom for me to use other exchange except if the coins I trade is not listed in bittrex but to other exchange.

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Quote from: Bestwishes745 on August 06, 2017, 01:36:55 PM

Quote from: racasanuk on August 04, 2017, 02:01:51 AM

I have tried arbitrage back in the past but in the end I had to stop as I found it a bit to nerve wracking and it often didn’t work out as I had planned

Planed are always flop if you are not having complete idea to do something so i would say that mange everything properly to have a lot of success. Because if you manage something properly then you will be success and never stop that after success as you left that's seems that you have totally flopped that's why you left all these.

It happens on almost exchanges. There will be times when you're trades will flop regardless of what exchange you're into. I have btcs now on several.exchanges so i don't have to transfer over. I trade on which exchange has better price range though almost all the time the prices are similar for altcoins available on all exchanges

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Quote from: racasanuk on August 04, 2017, 02:01:51 AM

I have tried arbitrage back in the past but in the end I had to stop as I found it a bit to nerve wracking and it often didn’t work out as I had planned

Planed are always flop if you are not having complete idea to do something so i would say that mange everything properly to have a lot of success. Because if you manage something properly then you will be success and never stop that after success as you left that's seems that you have totally flopped that's why you left all these.

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Quote from: Halmater on August 04, 2017, 03:16:54 AM

i was using many exchanges for altcoin arbitrages but bots killing it its almost impossible to make arbitrage between exchanges.so right now uing only bittrex local Exchange and kraken.

That’s a nice decision indeed. Trading at multiple exchanges is not good when many exchanges are facing problems. Bittrex is undoubtedly one of the famous and safe exchanges and is great for trading bitcoins. I believe that using selective exchanges is quite safe than working on multiple exchanges.

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Quote from: dragonusa9 on August 05, 2017, 10:20:12 AM

i dont trade other than poloniex, i think poloniex is a good exchanger. and its troublesome if i go to other exchanger
also there is no 100% chance the deposit and withdraw didnt take a long time

Same like you. I only trade on one exchange thats poloniex. Because on poloniex i can do trading margin. So i dont have to sell the coins i hold for trade. Also spread isnt too wide.

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i dont trade other than poloniex, i think poloniex is a good exchanger. and its troublesome if i go to other exchanger
also there is no 100% chance the deposit and withdraw didnt take a long time

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Quote from: wumBowo on August 05, 2017, 03:48:17 AM

Quote from: wumBowo on June 29, 2017, 07:31:16 AM

i've traded on multiple exchanges before (bittrex,cryptopia,mercatox) , but for now i only focused on bittrex. Maybe one day, if i have enough BTC already , i'll go in poloniex

Well, i added liqui and etherdelta to my list.
Even liqui still need an optimized code they listed some ETH tokens that not on bittrex, they have a potential to become big later IMO.
Etherdelta with their unique system (decentralized exchange) bring some new atmosphere that we can fully control our address and yes the reason i'm using it because of some tokens that listed that not on bittrex as well.

Bittrex and polo is good yet there are really some alts that are not listed on it , and it's late sometimes to put some new alts there so its nice to have some backup but other than the two we should be careful on using others.

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Quote from: wumBowo on June 29, 2017, 07:31:16 AM

i've traded on multiple exchanges before (bittrex,cryptopia,mercatox) , but for now i only focused on bittrex. Maybe one day, if i have enough BTC already , i'll go in poloniex

Well, i added liqui and etherdelta to my list.
Even liqui still need an optimized code they listed some ETH tokens that not on bittrex, they have a potential to become big later IMO.
Etherdelta with their unique system (decentralized exchange) bring some new atmosphere that we can fully control our address and yes the reason i'm using it because of some tokens that listed that not on bittrex as well.

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Quote from: maeusi on August 01, 2017, 10:26:04 AM

The strategy is very good to compare prices at different exchangers, but it only works, if the trade volumen is high enough for the traded coins.

Trade at multiple exchanges are good for arbitration trader since they compared price between two exchanges for hope getting profit faster but keep in mind arbitration has a risk as well like how much your transaction confirmed and while your transaction being confirmed make sure the price not going down.

Also trade at multiple exchanges can help you to trade your coin(s) which not listed on one exchange, so you have different source and place to trade.

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Quote from: jeffytune on May 28, 2017, 05:53:15 PM

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?

Trades on multiple exchange is profitable but risky.when you will try to trade in multiple exchange you must check both exchange that withdraw and deposit is normal or temporalily unable.if all things will normal in both exchange then you should trade.

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Quote from: jeffytune on May 28, 2017, 05:53:15 PM

Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?

I do agreed that this one called arbitrage. Anyway, yes I do use multiple exchange when doing trade in the market.
Because if you are one of the member in this industry and like to earn big profit bitcoin. Arbitrage is one of the good ways to get bitcoin profit as long as you're going to buy a huge of it.

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Quote from: maeusi on August 01, 2017, 10:26:04 AM

The strategy is very good to compare prices at different exchangers, but it only works, if the trade volumen is high enough for the traded coins.

Yeah like you I always compare rates in different exchanges and choose where I trade. If its more higher in that exchanger then I'll go with it but I also look if its trusted exchanger or not. Its name and credibility of exchanger is a must look for me. And its nice to have a wide variety of exchanger in the internet.

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Quote from: maeusi on August 01, 2017, 10:26:04 AM

The strategy is very good to compare prices at different exchangers, but it only works, if the trade volumen is high enough for the traded coins.

Yes, you are right comparing the coin price it will be very easy to track but some times it is always a good idea to start shifting your investment into two or more exchanges in this way you increase your capital when the price of the coin is increased.

Topic: Do you trade at multiple exchanges? - page 16. (Read 19297 times)