|
Title: Exchange price Post by: sann111 on December 18, 2017, 07:47:06 PM Is it good to transfer bitcoin to another exchange from one exchange when the other exchange price is high or low?
Title: Re: Exchange price Post by: Murloc on December 18, 2017, 07:55:08 PM Yes. it is cal arbitraging. You can just chose the exchange with the best rate and sell your BTC there, then buy again for the cheaper peice on the other exchange or grom other users. Usually asian exchanges have higher rates. I've also heared about enourmous rates on Nigerizma exchanges and the ones from Zimbabwe but there must be some tricks about using them.
Title: Re: Exchange price Post by: sann111 on December 18, 2017, 10:35:02 PM Which ones are the cheaper exchange? I am in US.
Title: Re: Exchange price Post by: SUDARMONO on December 18, 2017, 10:45:58 PM it's good also if you do, because if the other market is higher than the market price you have balance, because you will get another advantage in the market that the price is higher earlier.
Title: Re: Exchange price Post by: sann111 on December 19, 2017, 01:16:19 AM How often should i sell considering there is a fee whenever you sell?
Title: Re: Exchange price Post by: Good Bo on December 19, 2017, 01:18:13 AM Is it good to transfer bitcoin to another exchange from one exchange when the other exchange price is high or low? If you do that, thats called arbitrage strategy trading. It is good strategy but not for bitcoin anymore. This strategy just for any altcoin which has quick service when we send it. Title: Re: Exchange price Post by: kahc on December 19, 2017, 01:38:24 AM Is not always favourable if the price differences between the exchanges are marginal, and you are a small-time trader.
You have to account for the trading fees, network fee and possible network delays. |