Good day for arbitraging | Bitcointalksearch.org

Ranly123

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Quote from: Marcel555 on October 15, 2018, 03:44:42 PM

Browsing through blockfolio, the wide contrast in prices of bitcoin on different exchanges presents a huge opportunity arbitrage traders to make profits.

From Coinbase to bitfinex and Bittrex bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.

All I know is there are different prices of Bitcoin in different exchanges but it will not range to more than a dollar. So it would be difficult to have an arbitrage trading strategy. Though that could be possible yet I doubt there are many who do something like what you say.

Cofee.BLUE

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Quote from: Marcel555 on October 15, 2018, 03:44:42 PM

Browsing through blockfolio, the wide contrast in prices of bitcoin on different exchanges presents a huge opportunity arbitrage traders to make profits.

From Coinbase to bitfinex and Bittrex bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.

We can really get a profit because of arbitrage since every exchanges has different rates. I guess there is nothing wrong taking advantage of price differentiation but we need to be more wise while doing it because at some scenarios arbitrage will costs you more a lot than you think. If you are trading at edge of arbitrage you should always consider the transaction fees and the costs should be calculated to be more precise at your profit.

o_e_l_e_o

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Quote from: KEPLER99 on October 21, 2018, 02:15:42 AM

From this news you shared, it practically showed that a lot of exchanges, both old and new are really not fancying the idea of Tether usage anymore and if anything is not shady with tether, I wonder why the team will refuse auditing in the first place.

Exactly. There is no reason to refuse an external audit unless they have something to hide. The fact that Bitfinex and Tether claimed they were separate entities, while actually being run by the same people and owned by the same shell company is shady enough. The only reason to refuse anyone looking at their finances is if their finances are a mess.

I suspect they currently do not have enough assets to cover all their debts, but are hoping that this will all blow over and they can continue to operate to recuperate their losses. It's incredibly risky to be involved in either Tether or Bitfinex right now.

KEPLER99

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Quote from: o_e_l_e_o on October 18, 2018, 11:26:54 AM

Quote from: Whosdaddy on October 18, 2018, 06:29:34 AM

So many exchanges are beginning to consider delisting USDT, there is a huge call for auditing with the team doing nothing about that, and there is no element of truth and integrity, to even be able to trust holding USDT, then why would anyone want to take such a chance of losing their funds in the end?

https://www.ccn.com/huobi-lists-four-regulated-stablecoins-vying-for-tethers-crown/

Huobi, for example, are in the process of rapidly listing four other stable coins. They have lost faith in Tether and want it off their exchange as soon as possible it seems. The team will continue to refuse an independent audit I'm sure, because it would simply expose them even more and then Tether really would crash to zero.

It is currently still sitting between $0.96 and $0.97. Marketcap continues to dwindle. Best case scenario for Tether is it recovers to $1.00. Worst case it crashes to zero. The risk:reward ratio is horrendous. Holding Tether right now is an awful financial decision.

This is actually something a lot of people should be considering, knowing that tether one way or the other is already a mess and it is just a countdown right now for its end.

From this news you shared, it practically showed that a lot of exchanges, both old and new are really not fancying the idea of Tether usage anymore and if anything is not shady with tether, I wonder why the team will refuse auditing in the first place. And as far as something is shady, you really do not want to end up being a part of it.

aencarnaci

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While the market is in a state of uncertainty, you need to find your chance. Now there will be a lot of situations when the value of coins on different exchanges will be very different. And for the one who likes to engage in arbitration - this is the golden time.

Well, even if you are going to be finding your chance when it comes to the market, you still need to be very careful considering how volatile the market is. However, what happened with Tether recently as far as I am concerned, did not bring about any room for arbitrage since everything we saw was tether losing its value and people getting to want to opt out at all cost.

For what it is worth though, arbitraging is still something a whole lot of people do every day as long as they find a huge spread for certain pairs between exchanges, so it is always a good day for arbitraging as long as you get something to lay your hands on and you know what you are doing.

otundebis

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Blockfolio have been known to have glitches, there was a time I see some of my holding value in millions only to check coinmarketcap and see that nothing has changed! Arbitrage opportunity do come but most time it is time consuming and failed to deliver!

BTCGOLD

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I do not like giving such advice, because the cryptocurrency market is a high-risk market, but I often manage to earn on a price difference between Friday till Monday. There are many currencies whose price falls on Friday and are growing on Monday. I can not explain it, but for several months I have noticed such regularity. Find your coins;)

jerry0

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Wasn't this like last time when btc prices were pretty big between coinbase and exchanges like binance and bittrex? Thus it all has to do with tether usd value?

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Quote from: Marcel555 on October 15, 2018, 03:44:42 PM

Browsing through blockfolio, the wide contrast in prices of bitcoin on different exchanges presents a huge opportunity arbitrage traders to make profits.

From Coinbase to bitfinex and Bittrex bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.

Believe me, You won't be able to benefit from it. This is mainly due to the fact thst there are fees like withdrawal fee and trading fee which will suck up your intended profits. From my experience, arbitrage opportunities works better with altcoins and at volatile seasons. Btw, the volatility with TetherUSD appears to be over.

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Quote from: Bitcoinnation on October 15, 2018, 07:20:42 PM

TRADING BOTS
Too many trading bots in play have made it quite hard to catch those coin price gaps between different exchanges. The coin price gap will be long gone even before the transaction is confirmed
VOLATILE COIN PRICE
Successful crypto arbitrage requires when the price of a coin is not so volatile but in the case of coins like Bitcoin, the price can change by $50 in matter of minutes. You may end up buying it thinking you have bought low, you try to transfer it to another exchange only for the price to drop there too within minutes before even the transaction is confirmed.
SLOW TRANSACTION CONFIRMATION
This is the case especially for Bitcoin, You have to wait for more than about 20 to 30 minutes of which the price or coin market gap will have be long filled up.
WALLET MAINTENANCE
Some coin market price gaps are just due to the different wallet maintenance schedules in different exchanges. You buy a coin and try to transfer it to another exchange so as to sell high only to realize that the other exchange's wallet is under maintenance and they do not accept a deposit of that coin
DECEPTIVE MARKET PRICE ON DIFFERENT EXCHANGES
This is common with altcoins since some have low trade volumes, for example the sell price you may see in the exchange you want to transfer your coins to and sell may not be reflected well in the order-book. It could just be a small sale volume which was made at a very high price yet in the order-book the next bid order is either at the same price range as the price with which you bought the coin or even slightly lower implying will just make a loss if you dare to transfer the coins and sell them.

Those are the few shortcomings that i experienced and i thought i could share with you.[/list]

True to that but because of too much market volatility nowadays there can be alot of opportunities if you really dig dip. I found them in shitcoins. It's almost everyday that you also see bottom fishing method quite successful.

St4yInTh3D4rk

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Quote from: shane on October 18, 2018, 02:09:19 PM

Quote from: Bitcoinnation on October 15, 2018, 07:20:42 PM

TRADING BOTS
Too many trading bots in play have made it quite hard to catch those coin price gaps between different exchanges. The coin price gap will be long gone even before the transaction is confirmed
VOLATILE COIN PRICE
Successful crypto arbitrage requires when the price of a coin is not so volatile but in the case of coins like Bitcoin, the price can change by $50 in matter of minutes. You may end up buying it thinking you have bought low, you try to transfer it to another exchange only for the price to drop there too within minutes before even the transaction is confirmed.
SLOW TRANSACTION CONFIRMATION
This is the case especially for Bitcoin, You have to wait for more than about 20 to 30 minutes of which the price or coin market gap will have be long filled up.
WALLET MAINTENANCE
Some coin market price gaps are just due to the different wallet maintenance schedules in different exchanges. You buy a coin and try to transfer it to another exchange so as to sell high only to realize that the other exchange's wallet is under maintenance and they do not accept a deposit of that coin
DECEPTIVE MARKET PRICE ON DIFFERENT EXCHANGES
This is common with altcoins since some have low trade volumes, for example the sell price you may see in the exchange you want to transfer your coins to and sell may not be reflected well in the order-book. It could just be a small sale volume which was made at a very high price yet in the order-book the next bid order is either at the same price range as the price with which you bought the coin or even slightly lower implying will just make a loss if you dare to transfer the coins and sell them.

Those are the few shortcomings that i experienced and i thought i could share with you.[/list]

I agree with this. It is nearly impossible to do arbitraging due the reasons mentioned above. I would like add another reason. Different trading fees and different deposit/withdrawal fees also make it difficult to do arbitraging.
There could be rare opportunities if you choose a centralized exchange and a DEX as there is less room for bots to identify arbitrage opportunities in DEXs.

Sometimes it is worth to do if we have better capital,the profits can't be made if we arbitrage with few thousands of USD maybe it will be profitable if we trade few bitcoins but not always.For example coinbase is one of the place we can buy bitcoins at good price and go to some exchange with much lesser transaction speed and fast withdrawal approvals.

shane

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Quote from: Bitcoinnation on October 15, 2018, 07:20:42 PM

TRADING BOTS
Too many trading bots in play have made it quite hard to catch those coin price gaps between different exchanges. The coin price gap will be long gone even before the transaction is confirmed
VOLATILE COIN PRICE
Successful crypto arbitrage requires when the price of a coin is not so volatile but in the case of coins like Bitcoin, the price can change by $50 in matter of minutes. You may end up buying it thinking you have bought low, you try to transfer it to another exchange only for the price to drop there too within minutes before even the transaction is confirmed.
SLOW TRANSACTION CONFIRMATION
This is the case especially for Bitcoin, You have to wait for more than about 20 to 30 minutes of which the price or coin market gap will have be long filled up.
WALLET MAINTENANCE
Some coin market price gaps are just due to the different wallet maintenance schedules in different exchanges. You buy a coin and try to transfer it to another exchange so as to sell high only to realize that the other exchange's wallet is under maintenance and they do not accept a deposit of that coin
DECEPTIVE MARKET PRICE ON DIFFERENT EXCHANGES
This is common with altcoins since some have low trade volumes, for example the sell price you may see in the exchange you want to transfer your coins to and sell may not be reflected well in the order-book. It could just be a small sale volume which was made at a very high price yet in the order-book the next bid order is either at the same price range as the price with which you bought the coin or even slightly lower implying will just make a loss if you dare to transfer the coins and sell them.

Those are the few shortcomings that i experienced and i thought i could share with you.[/list]

I agree with this. It is nearly impossible to do arbitraging due the reasons mentioned above. I would like add another reason. Different trading fees and different deposit/withdrawal fees also make it difficult to do arbitraging.
There could be rare opportunities if you choose a centralized exchange and a DEX as there is less room for bots to identify arbitrage opportunities in DEXs.

omonuyak

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Quote from: Marcel555 on October 15, 2018, 03:44:42 PM

Browsing through blockfolio, the wide contrast in prices of bitcoin on different exchanges presents a huge opportunity arbitrage traders to make profits.

From Coinbase to bitfinex and Bittrex bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.

Yes, that is how profit making opportunities do present themselves. I believe that arbitrage traders has taken the advantage of this in other to be able to makes money from the market. Trading is a game and sometimes it come with different opportunities and knowing how to spot them is what give us advantage over others. However, I don't really know the real reason for this wide spread difference in bitcoin prices across exchange platform and think many of us that did not know how arbitrary market work will not take advantage of this.

o_e_l_e_o

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Quote from: Whosdaddy on October 18, 2018, 06:29:34 AM

So many exchanges are beginning to consider delisting USDT, there is a huge call for auditing with the team doing nothing about that, and there is no element of truth and integrity, to even be able to trust holding USDT, then why would anyone want to take such a chance of losing their funds in the end?

https://www.ccn.com/huobi-lists-four-regulated-stablecoins-vying-for-tethers-crown/

Huobi, for example, are in the process of rapidly listing four other stable coins. They have lost faith in Tether and want it off their exchange as soon as possible it seems. The team will continue to refuse an independent audit I'm sure, because it would simply expose them even more and then Tether really would crash to zero.

It is currently still sitting between $0.96 and $0.97. Marketcap continues to dwindle. Best case scenario for Tether is it recovers to $1.00. Worst case it crashes to zero. The risk:reward ratio is horrendous. Holding Tether right now is an awful financial decision.

Whosdaddy

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Quote from: o_e_l_e_o on October 17, 2018, 04:21:47 AM

Quote from: GregH37 on October 17, 2018, 02:59:01 AM

Nonetheless, what happened with USDT is the fact that something shady is going on and people should really be careful holding it.

USDT's market cap has fallen by almost $500 million in the last couple of days, and its price is still slipping down towards $0.96. Meanwhile other stable coins have seen a significant boost - GUSD's volume went from 29 thousand to 2 million in 2 days, and peaked at a price of $1.19. TUSD went from a volume of 12 million to 73 million, and peaked at $1.15.

All because they wouldn't do an independent audit, and I think we all now know why. Time to exit this coin.

USDT is losing it, people are getting to bail out from it knowing there is a lot of shady things going on and the earlier they do so the better for them, and in that case, they are moving to more trusted stable coins in which they would not have to keep having sleepless night about a tether that can just implode one day.

So many exchanges are beginning to consider delisting USDT, there is a huge call for auditing with the team doing nothing about that, and there is no element of truth and integrity, to even be able to trust holding USDT, then why would anyone want to take such a chance of losing their funds in the end?

Bitcotalk

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Quote from: Marcel555 on October 15, 2018, 03:44:42 PM

Browsing through blockfolio, the wide contrast in prices of bitcoin on different exchanges presents a huge opportunity arbitrage traders to make profits.

From Coinbase to bitfinex and Bittrex bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.

Stop deceiving yourself mate, you cannot see any arbitrage opportunity across those exchanges you are talking about, because not all of them use Tether. What you saw was just a pump of Tether and a lot of people just trying to get out holding Tether as the case may be.

There is absolutely no way you will get anything from using USDT to want to trade a USD pair, so in that case, there is no form of arbitrage anyone can take advantage of. Talking about tether, things are really beginning to get out of hand, and the way things are going, I would not be surprised if we get to see tether out of the market pretty soon.

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Quote from: Marcel555 on October 15, 2018, 03:44:42 PM

Browsing through blockfolio, the wide contrast in prices of bitcoin on different exchanges presents a huge opportunity arbitrage traders to make profits.

From Coinbase to bitfinex and Bittrex bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.

arbitration cannot be that simple. let alone use other platforms as a benchmark. it would be better if you directly access the intended website. because of course the arbitration is not only 1 or 2 people. not to mention the confirmation time for withdrawal

figmentofmyass

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Quote from: bitmover on October 16, 2018, 08:26:34 AM

Quote from: figmentofmyass on October 15, 2018, 08:00:41 PM

you can sell coins at bitfinex or on USDT markets and hope the price disparity dies down, but that's about it. you can't actually withdraw USD and complete the arbitrage cycle.

This situation is scary. Mt. Gox closed withdrawls as well when they had problems. I hope bitfinex solves this situation fast.

supposedly they have. they said a couple days ago that withdrawals are now flowing without interference (though they admitted there was a backlog). and they've brought fiat deposits back online. this suggests they've established new banking relationships.

the price disparity between exchanges will tell the real story though.......

Quote from: bitmover on October 16, 2018, 08:26:34 AM

About arbitrage, it's possible when when market volatility is high. It's also possible if you have exchanges in different countries with different currencies, such as USD and some other local currency.

If someone manage to somehow have a South Korean bank account and a USD bank, it may be possible to make nice arbitrage with some altcoins which are more valuable in south korea.

it's difficult in practice. you need to open a korean bank account in person and establish alien registration. then you are restricted to $50k in remittances per year. and that's if you can even trade on korean exchanges---many only allow koreans.

i think that's why the korean price disparities often persist: because very few people can effectively arbitrage there.

wuvdoll

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Quote from: ShowOff on October 17, 2018, 04:39:11 AM

Quote from: pumbum on October 16, 2018, 02:06:38 PM

I believe that arbitrage is relevant at any time, in any market, just during the overall growth it is not as profitable as trading

About profitable or not, it depends on what we arbitrage. Because sometime every arbitrage activity only happen with big amount of spread in market. But before we do that, we must think a lot about risk to do it. Even bitcoin price on every market have far different, people who know it must be already arbitrage it.

Arbitrage is something that has been ongoing for years and we have seen it even in every other market outside cryptocurrency. What is just important is to always look for those big spreads and take advantage of them, even though it can be risky at times, and it makes sense if you are at least doing with some good amount of funds. One way or the other, across board, there would always get to be some little bit of differences in price of markets, but it is still a lot risky considering how volatile the market can be and you really want to be sure you are not making the wrong decision at every single time. Now bots are even popping up daily to help with a lot of that.

Reid

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Quote from: Marcel555 on October 15, 2018, 03:44:42 PM

Browsing through blockfolio, the wide contrast in prices of bitcoin on different exchanges presents a huge opportunity arbitrage traders to make profits.

From Coinbase to bitfinex and Bittrex bitcoin's value is spread widely. And it seems to all be down to the implosion of tether.

Isn't that going to cause a lot of transaction fees rather than making profits out of it?
And also the fact that you need an account for each one which have been there for a longer period is a must. For withdrawal purposes too.

That Tether is really something. It had helped whales to shit with us average holders of different coins. Now, they can move freely without even a little fear that their investment will go down.
It should be taken out. Or if that company wants to rob all the investors there then please do it already. Let us go back to the way crypto is before Tether even enter.

Topic: Good day for arbitraging (Read 707 times)