Is Arbitrage legit? - page 2. | Bitcointalksearch.org

actmyname

copper member

Activity: 2562

Merit: 2510

Spear the bees

Quote from: Auxcordaz321 on August 26, 2020, 09:23:36 PM

If these bots works as they claim, why would they be selling it rather than using it themselves? It would make more sense for them to just run it and keep it a secret right? Also these bots do promise for profits so I'm not too sure yet.

What you just wrote is precisely why the ones that are being sold are not the ones that the developers would actually use. One you start listing an item on the market, you're opening it up to heavy saturation. The profits will either be very minimal, or they will be very quickly.

The opportunity to scam someone is always there, as well, but this happens in nearly every situation.

Auxcordaz321

newbie

Activity: 4

Merit: 0

Quote from: actmyname on August 26, 2020, 09:19:40 PM

Bots for arbitrage are most definitely not going to land you a profit, but arbitrage in general is a real exploitative strategy of the time/valuation lag in markets.

The problem with buying bots for it are that you run into the likelihood of it being a scam, or the likelihood of the strategy being too saturated by virtue of its being-sold status.

If these bots works as they claim, why would they be selling it rather than using it themselves? It would make more sense for them to just run it and keep it a secret right? Also these bots do promise for profits so I'm not too sure yet.

Quote from: jackg on August 26, 2020, 09:20:30 PM

Actual arbitrage is legit, the bots probably aren't.

A lot of these bots post screenshots of their results, are they faking the screenshots? It seems like an easily automated process if you can figure out the technicalities.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

Actual arbitrage is legit, the bots probably aren't.

Arbitrage is just depositing X amount of n coins on one exchange and the same amount of X n coins on another.
When one drops down in market price, an order executes to buy at the lower price and another order is Plas ced on the other exchange to sell at the higher price so uou still end up with the same amount of funds. You or the bot will then have to withdraw the difference to make the accounts the same again.

actmyname

copper member

Activity: 2562

Merit: 2510

Spear the bees

Bots for arbitrage are most definitely not going to land you a profit, but arbitrage in general is a real exploitative strategy of the time/valuation lag in markets.

The problem with buying bots for it are that you run into the likelihood of it being a scam, or the likelihood of the strategy being too saturated by virtue of its being-sold status.

Auxcordaz321

newbie

Activity: 4

Merit: 0

I've been looking into ways of making money during quarantine and I've come across the concept of arbitrage. I was wondering if this is legit? I've seen people selling bots for thousands and say its a good investment for long run but I'm wary of it being a scam.

Topic: Is Arbitrage legit? - page 2. (Read 178 times)