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Title: Reply to Trading Discussion > Thoughts About BTC-E / MTGox Arbitrage Post by: ainz on November 21, 2013, 12:38:01 PM This is a reply to kireinaha's thread here https://bitcointalk.org/index.php?topic=341507.0 ... obviously I can't post there yet.
Arbing by moving fiat around carries huge risk due to the long bank-transfer delays & charges, during which prices could drastically change. I've looked into arbing using altcoins for the moves, say between BTCE and Cryptsy. E.g. Buy BTC on BTCE Move BTC to Cryptsy Sell BTC into PPC say Move PPC back to BTCE Buy BTC again But according to recent prices (last 3 days), it doesn't work out for either PPC or NMC. I presume algos are doing it already? |