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Title: Is the opportunity for arbitrage going away? Post by: kivsman on February 26, 2014, 03:51:36 PM Im working on getting an arbitrage bot going but I cant stop worrying about the possibility that once its finished the discrepancies amongst various exchanges will be settled and there will not much left to arbitrage.
Thanks (Im a noob) Title: Re: Is the opportunity for arbitrage going away? Post by: bananas on February 26, 2014, 04:12:10 PM You don't need a bot. But how would you properly do it more than once? Money withdrawals and deposits take long.
Title: Re: Is the opportunity for arbitrage going away? Post by: kivsman on February 26, 2014, 05:38:48 PM You don't need a bot. But how would you properly do it more than once? Money withdrawals and deposits take long. I know many people do it manually, I actually posted another thread about automating deposits and withdrawals, but I don't think its possible, For me withdrawals and deposits take 10-15 mins, thats not too bad, price doesn't change too much in that time, you can manually arbitrage easily, I had a sick setup last time with a huge gap in LTCBTC so I wanted to give it a shot, (my 1st time) but I couldn't withdraw because your account has to be 3 days old on BTCE too withdraw, whatever, You can arbitrage without withdraw/deposit, if and only if the gap between 2 different exchanges is NOT constant. EDIT: **(Obviously you'll withdraw after a while) And also this method will not make you USD, it will make you LTC or BTC Title: Re: Is the opportunity for arbitrage going away? Post by: daybyter on February 26, 2014, 06:40:14 PM I don't think btc-e API withdrawal is available for everyone, although there are API permissions to do so. I actually wrote some code to use the website, but it's untested and doesn't include the confirmation mail (they introduced it after I wrote the code).
If you are interested in exchanging ideas, or so, let me know. I also wrote such code: https://i.imgur.com/OoP0aNo.jpg Title: Re: Is the opportunity for arbitrage going away? Post by: bananas on February 26, 2014, 08:28:59 PM You don't need a bot. But how would you properly do it more than once? Money withdrawals and deposits take long. I know many people do it manually, I actually posted another thread about automating deposits and withdrawals, but I don't think its possible, For me withdrawals and deposits take 10-15 mins, thats not too bad, price doesn't change too much in that time, you can manually arbitrage easily, I had a sick setup last time with a huge gap in LTCBTC so I wanted to give it a shot, (my 1st time) but I couldn't withdraw because your account has to be 3 days old on BTCE too withdraw, whatever, You can arbitrage without withdraw/deposit, if and only if the gap between 2 different exchanges is NOT constant. EDIT: **(Obviously you'll withdraw after a while) And also this method will not make you USD, it will make you LTC or BTC Now i got it, i thought you would do money/btc. International deposits take days.... Title: Re: Is the opportunity for arbitrage going away? Post by: kivsman on February 26, 2014, 08:52:08 PM I don't think btc-e API withdrawal is available for everyone, although there are API permissions to do so. I actually wrote some code to use the website, but it's untested and doesn't include the confirmation mail (they introduced it after I wrote the code). If you are interested in exchanging ideas, or so, let me know. I also wrote such code: https://i.imgur.com/OoP0aNo.jpg Thanks for that, Ill message you, ---------- Anyone have speculations on when arbitrage possibilities will end? Title: Re: Is the opportunity for arbitrage going away? Post by: Xer0 on February 27, 2014, 11:13:50 PM soon, but they return after big dips/rises
Title: Re: Is the opportunity for arbitrage going away? Post by: kivsman on February 28, 2014, 02:46:09 AM soon, but they return after big dips/rises How soon do you reckon? Title: Re: Is the opportunity for arbitrage going away? Post by: Xer0 on February 28, 2014, 11:03:24 AM 1, max 2 weeks
margin is already 50% smaller then monday Title: Re: Is the opportunity for arbitrage going away? Post by: kivsman on February 28, 2014, 02:05:31 PM 1, max 2 weeks margin is already 50% smaller then monday Ok but you think the next big move will send the gaps to where they were before? Title: Re: Is the opportunity for arbitrage going away? Post by: Xer0 on March 02, 2014, 11:04:21 AM usually it does
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