You might trade for profit but... | Bitcointalksearch.org

X-ray

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Quote from: gondel on May 11, 2017, 06:44:36 PM

Hi guys,
Do you buy one currency from one platform
And then you.sell it in another? I am not a trader and can see eth is soled in poloniex for 87 and there is a price of it of 100 on some other place. Anyone can share? Thanks

The volume is different, i can say for doing an arbitrage trade and you have a little chance to make a decent profit form your amount. remember the market is always running everytime and it can drop or pump anytime. My guess you will be able to make a little profit from there.

TryAngle

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Quote from: gondel on May 11, 2017, 06:44:36 PM

Hi guys,
Do you buy one currency from one platform
And then you.sell it in another? I am not a trader and can see eth is soled in poloniex for 87 and there is a price of it of 100 on some other place. Anyone can share? Thanks

There are people that trade this way but it seems like a lot of work to track several exchanges at once. I don't know if it is worth it.

adroitful_one

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It's called Arbitrage and there's websites that scan the exchanges looking for opportunities to do it. However, you gotta be quick. I've noticed that the price usually adjusts itself pretty quickly on the exchange that's cheaper. Just make sure to keep a balance on the exchanges

senyorito123

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I do arbitrage trading before but not quitely doing some now since im busy and it is a good thing if you spot some cheap coin on some exchange here and sold it on other site who are more expensive. And that is quitely profitable if you have a lot of time to monitor the movements of each exchangers out here but aswell as be carefull on doing this since there are certain sites that has a an issue of wallet maintenance and you will be sorry if you transact of that exchanges.

hheby

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Maybe you can buy on the low price exchange,and withdraw to the higher price exchange.

audaciousbeing

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Aside what others have suggested, you also need to be careful of the fees that will be incurred in making that kind of decision. The cost of transferring to the site to buy, then the charges they will deduct from your withdrawal when you buy, then you consider the charges of transferring after you finish selling in other to move to your origin wallet if one is not careful, all these charges might overshadow the profit or makes it marginal to no longer worth the stress.

alani123

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Quote from: kc. on May 11, 2017, 06:51:52 PM

Quite a few people do that if they see a worthy price difference between exchanges. Be wary of the time it takes to transfer the coins/tokens between exchanges though, especially BTC, by the time it transfers the price could have changed.

Whales arbitrage with funds already deposited in different exchanges anyway and that's why gaps close super fast. The thing is, speculation already takes place against other traders so anyone tryign to arbitrage is at risk of the gap he's trying to profit from closing before he profits. Bots take advantage of this all day now.

Andrew1337

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Well , most of sites for exchange have like same comision so I prefer to buy from localbitcoins ,or f2f

Herbert2020

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Quote from: gondel on May 11, 2017, 06:44:36 PM

Hi guys,
Do you buy one currency from one platform
And then you.sell it in another? I am not a trader and can see eth is soled in poloniex for 87 and there is a price of it of 100 on some other place. Anyone can share? Thanks

be very careful with the platforms you choose, for a big coin like eth this kind of big difference is not normal. and it can either be a trap placed by that other platform which has higher price to get some people to deposit money so they can steal them.
or it can be because that second platform with higher price has some problems, which means your money will be stuck there.

an example that everyone can understand is the case of Bitfinex having a $100-$150 higher bitcoin price for the past month. it is better now but by that time it was because of the problem which still exists by the way.

The Sceptical Chymist

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Quote from: cryptonx on May 12, 2017, 06:25:21 PM

arbitrade, but if you want to makde

Sigh. Best keep quiet if you write stuff like this. And arbitrage was already defined in another post, which I'm sure you didn't read.

Good luck with arbitrage these days, and the long-ass confirmation times. As mentioned, you would have a shot at doing it if it didn't take so damn long for deposits to confirm. And with bitcoin and the shitcoins being as volatile as they are, you could definitely lose your shirt in the time it takes for your deposits & withdrawals to confirm. I wouldn't do it, but I'm not an active trader anyway. I use the good 'ol buy-and-hold technique, and it's worked out just fine so far.

kubye

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You can deposit and withdraw,it is up to you.

Barbarian

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Quote from: gondel on May 11, 2017, 06:44:36 PM

Hi guys,
Do you buy one currency from one platform
And then you.sell it in another? I am not a trader and can see eth is soled in poloniex for 87 and there is a price of it of 100 on some other place. Anyone can share? Thanks

This is arbitrage is a popular method to make money but it requires quick reflexes and being glued to the screen to get the most profits out of the trades.

phr0stbyt3

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Yes that is actually a really easy way to earn profit and i have surely done this in the past , the only problem you may face sometimes is the fees the exchanges charge, if you take care of this then you can earn the difference. One more thing double check the buy orders before purchasing and transferring

angaper

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I have heard arbitrage is a very profitable strategy, but I know it takes a lot of time because you need to stay stuck to your PC to catch the best opportunities in the right time. However I think the effort is well worth it for the good reward you can get.

cryptonx

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Quote from: gondel on May 11, 2017, 06:44:36 PM

Hi guys,
Do you buy one currency from one platform
And then you.sell it in another? I am not a trader and can see eth is soled in poloniex for 87 and there is a price of it of 100 on some other place. Anyone can share? Thanks

yes this called arbitrade, but if you want to makde fast profit from this strategy just find some coin that have very fast confirmation, and no delay for this,,
so you can get fast profit,,

Scott J

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It can definitely be a profitable strategy, but you need to find the right amount of volume to enable it to be worth your time.

jeffthebaker

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The activity you are describing is arbitrage. Never done it myself but I've talked to people who have done and/or do it regularly. The easiest way to insure profit via arbitrage is to register on Chinese/Japanese exchanges and go between Eastern and Western exchanges. This is more profitable on smaller scale altcoins that may double+ in any given day, because prices in different exchanges factor but they do not create instant change throughout the system.

KuromaYoichi

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Arbitrage? never did it with bitcoin but i did it several times with alt. Just make sure that you leave some balance in different exchange and make sure that you do it fast and don't forget about the confirmation time, otherwise when it has been confirmed, the price already the same.

gondel

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Quote from: kc. on May 11, 2017, 06:51:52 PM

Quite a few people do that if they see a worthy price difference between exchanges. Be wary of the time it takes to transfer the coins/tokens between exchanges though, especially BTC, by the time it transfers the price could have changed.

Thanks, anyone else share?

kc.

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uh-huh

Quite a few people do that if they see a worthy price difference between exchanges. Be wary of the time it takes to transfer the coins/tokens between exchanges though, especially BTC, by the time it transfers the price could have changed.

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