Bitcoin Forum

Hello.

I am trader of bitcoin in Korean exchange (korbit, coinone, bithum) and there are huge gap of bitcoin price between korean exchange and chinese exchange.

The gap is more then USD 100 for now.

I would like to buy bitcoin from china with better price compare to chinese market.

If someone trust is interested in arbitrage , please send me email : wowkorea007@gmail.com.

Hope you have experience of arbitrage and we have mutual benefit.

Thank you.


Nick



 

I am interested but 100 dollars gap is very small, I am saying this from my past experiences. I mean to say market prices will get into merging very soon and it may happen after you buy for arbitrage opportunities. I remember Indian market was trading with 250+ gap from rest of world by end of 2016 still people shared they are not continuously doing arbitrage as fees and confirmation times dragging them down before the gap in price levels fades away.

Maybe you find some profits in first round of arbitrage after that profits will not worth your efforts so study well before enter.

You can not transfer dollars to most Chinese exchanges at the moment.

This is basically what GladiaCoin does, and I'm making about $600/day with them.  I'd like to build an automated system similar to theirs, but without the multi-level marketing (and just focus on fewer investors).  To do so, I'd need a partner in Korea and China if anyone is interested, please PM me or email pillsfer@gmail.com.  Check out Gladiacoin, if you need a referral code use "boomerbooms".

There's a reason the gap exists between the markets... It's because it's very difficult to withdraw funds from sites like BFX right now (hence, $1400 there instead of $1100 on Chinese exchanges). It can be profitable but you risk losing everything if a site shuts down.

Dollar and Yuan have never been allies, so this dreadlocks need be factored in by anyone looking to exploit this. When a direct path becomes inaccessible, it does not really mean getting to a destination is impossible, because other routes can always be taken or even created.

Arbitrage between exchanges happen because demand and supply differs from one exchange to the other, so an arb opportunity may disappear but more will continue to show up, so any interested trader can find some for as long as the market goes on althouh use of bots often becomes necessary, so that the market can be monitored all the time.

Guys, does anybody know where could you export past prices for the biggest exchanges (and maybe not only for BTC)? I would need it for a research on arbitrage and self learning algos.

I doubt about the availability of such historic data but you can find one particular day's high and low information from charts. For example bitstamp is having chart and and you may manually extract prices for any days.

So you need a bot for arb, correct?

No, you don't need a bot to just do arbitrage because doing arbitrage can be done manually you just need an exchange that has good difference in the price of the market and you just need to buy and transfer it to the another one which has a higher price in their market and you can  generate profit with that and you don't need the bot.

Ok...suboptimal formulated....you don't _need_ an arb bot, but you _want_ an arb bot, that constantly checks the prices and trades when the price difference reached a maximum.

I'm interested in helping with such a bot.

I am also working on how to exploit some arbitrage conditions in the crypto market and I suppose you will find this link useful. In case, you come across some other useful links, do also share here so other can see if it holds anything for them. Best of luck!
https://www.investing.com/currencies/btc-usd-historical-data

Uhm...a price per day is not too helpful for arb, I guess?