make money by the price difference between exchange center - page 2.

CryingMidget

sr. member

Activity: 434

Merit: 250

Quote from: pooya87 on February 18, 2016, 12:21:51 AM

it is not as easy as you might think. this method of trading is nothing new, it has been going on forever. but the price differences are usually not that much and it balances itself out so fast. besides you should always take each exchanger fees into consideration when trading.

Buying and selling bitcoins is probably the fastest and easiest way to try and make some money with bitcoin. The value of the currency fluctuates so much each day, it’s a perfect target for traders.
bitcoin trading is very easy, the secret is normally not investing any money that you would not afford to lose because, you may be forced to sell your bitcoins at a loss, and the bitcoin economy may crash at any time.

Amph

legendary

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Merit: 1070

you need something like this, to do it seriously https://bitcointalksearch.org/topic/kripto-a-new-automated-trading-platform-for-arbitrage-between-exchanges-1359628

if you do it manually it will be to slo, and you cna lose the chance to take profit, because here we are talking about very small % and many swings in an hour, so you need to be fast as possible

pooya87

legendary

Activity: 3472

Merit: 10611

it is not as easy as you might think. this method of trading is nothing new, it has been going on forever. but the price differences are usually not that much and it balances itself out so fast. besides you should always take each exchanger fees into consideration when trading.

The Sceptical Chymist

legendary

Activity: 3500

Merit: 6981

Top Crypto Casino

People were trying to do this with Mr. Gox way back and got burned big time. It's called arbitrage and lots of people do it, and the more it happens the less opportunity there is to do it. You can try it, but I think the exchanges are pretty evenly priced. Not entirely sure however. Then there's the issue of withdrawal delays and confirmation times and so forth. That sort of stuff can make arbitrage difficult.

shintosai

hero member

Activity: 756

Merit: 500

I guess it will work if you have big investment, you do this kind of trading but it also risky since the price of bitcoin is keeps on fluctuating, if you can give some idea will be happy to join with your venture.

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

That is done by some people, but its more or less automated. You have to have huge sums of money 'invested' to earn even some bucks per day. Anyway if you're talking about huobi or BTC-E , those require you to withdraw money in a specific currency. I also remember seeing a bot, that , without actually transferring BTCs or USD for that matter, could make a profit using this.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

It's nothing much as far as I know , most of the time it's like couple of bucks maximum so what are you exactly going to earn by that ? and don't the exchange have some fees ? so I don't really see how are you going to make any profit using this method .

buffxz

newbie

Activity: 2

Merit: 0

Hi, All,

I am very interested at the btc trading. I recently noticed that there is some price difference between different exchange center. Have anyone tried to buy the cheaper one and sell it at a separate place?

Does anyone interested in it? Let me know and we can talk about it more.

Topic: make money by the price difference between exchange center - page 2. (Read 2162 times)