Huge price differences in trading. - page 2.

BureauChef

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Quote from: vv181 on December 10, 2017, 08:13:53 AM

In my opinion, arbitrage in Bitcoin is not going to work, because of the high transaction fee.

Arbitrage requires huge sum of cash money and bitcoin at the same time. Plus we don't know the transactions times of bitcoin transfer between websites. That's what makes arbitrage very hard in practise.

cynical

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I have done it before and gained a bit from it but it was small amounts traded between poloniex and bittrex.
There is definitely a profit in trading between two exchanges when the difference is big enough and there is a large amount of tokens involved.

dejan_p

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it can be handy/profitable in case you are in the position to invest a decent amount of money (few tens of thousands) into each of those exchanges, pay all the fees and incorporate all the withdrawal fees you will encounter, and then buy/sell/arbitrage your btc/usd. regarding the long transaction times you might be better off to quickly exchange your profits into a faster altcoin, transfer it to another exchange and then switch it back to btc (or something else to your liking)

it would imply some additional fees, but if you're targeting a 10% difference, you should be good

jackiemixon2

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Quote from: tibor on December 10, 2017, 06:47:09 AM

I was having a look on it, and yes the prices have like 5% of difference between the exchanges, i did not try it but maybe it works.
Would be good if somebody can create a bot for it

Yeah but i think it will cost much time for you to do this exchange. If the transaction isn't confirmed so your plan will be stuck.

vv181

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In my opinion, arbitrage in Bitcoin is not going to work, because of the high transaction fee.

bamboylee

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Quote from: ridertiger on December 10, 2017, 04:51:24 AM

Bitcoin is 13.5K in kraken, but over 15k in coinbase. If you have access to both, there is a huge opportunity I think. It is13250 in bitstamp, and 14.5K in cex.io
Does anyone know why the huge price difference? And how come nobody is doing arbitraj?

This is a huge difference and can be good for arbitrage trading, but the problem is the transfer time that you have to take transferring money and bitcoin back and fort these exchanges. You can do it if you have USDT and Bitcoin in all these exchanges but I doubt many of us have that. Maybe there is very few person who actually have money across these exchanges.

Thanasis

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Quote from: ridertiger on December 10, 2017, 04:51:24 AM

Bitcoin is 13.5K in kraken, but over 15k in coinbase. If you have access to both, there is a huge opportunity I think. It is13250 in bitstamp, and 14.5K in cex.io
Does anyone know why the huge price difference? And how come nobody is doing arbitraj?

Yeah there is always price difference between the exchanges so a skillful trader knows where to buy and where to trade,sometimes I did this kind of trades I buy bitcoins with the coinbase exchange and sold that bitcoin in localbitcoins exchange which gives me good profit.
But I don't know why the price difference in between exchanges but it is a good chance to earn if someone can access all trading exchanges.

bitcoinisbest

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Those are international site for us so no point as transferring the money itself through swift will take time and then fees etc and same process while withdrawing the money etc which is a lengthy process and also in our country bitcoin is still not legalized.

On the other hand I would like to know who trades on such sites that how much time it takes to reflect in wallet the money transferred to your account and how much time does withdrawal takes?

tibor

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I was having a look on it, and yes the prices have like 5% of difference between the exchanges, i did not try it but maybe it works.
Would be good if somebody can create a bot for it

ridertiger

full member

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Bitcoin is 13.5K in kraken, but over 15k in coinbase. If you have access to both, there is a huge opportunity I think. It is13250 in bitstamp, and 14.5K in cex.io
Does anyone know why the huge price difference? And how come nobody is doing arbitraj?

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