Bitcoin Forum

Hello,

I am new to crypto world.

Just started reading and trying to find out genuine ways to earn.

I am not new to the concept as I have been into domaining for the last couple of years, so, have bought and sold a couple of domain names related to crypto.

Recently, I got interested in it as both long term investment and also looking to find ways to start with small trades to get the hang of things.

I have been reading about arbitrage and arbitrage bots, but I really do not know, if there are actually genuine arbitrage bots that could give genuine timely signals.

Also, I am looking for long term investments like I wish I had invested 100$ in bitcoin in 2010, anyone believes such opportunities still exist?

Any inputs are appreciated.

Thanks and regards,
Vabsy

I've seen gaps in price on the bitmex index in the past when trading on there (but I don't anymore as it requires kyc) they stay open for long enough that it's probably possible to trade and potentially make funds from - the one I noticed was a difference between. Eth on coinbase and kucoin (I think).

I dunno about whether this sort of stuff is still around. I hear people actively doing analysis and research and making 60x+ returns but they spend a lot of time reading and it's normally for a team.

Arbitrage is likely to give you loss instead of profiting. Transferring of coins from an exchange to exchange can be problematic sometimes if the network is congested for that coin, assuming that you've chosen a good coin.

Vasby, it isn't late to still invest in bitcoin.

Looking for this condition from other altcoins can even create disappointment as there's a vast of the pump and dump altcoins spreading out there.

Thanks a lot, I really appreciate your inputs.

So, still bitcoin is king.

Is ether queen?

Actually, Ethereum is the queen of smart contracts. It allows us to create decentralized applications and make agreements and payments directly with other users without a third party.

Is Ethereum a good investment?
I strongly believe Ethereum price could grow further in the long-term. So yes, I believe Ethereum is a good investment. But you always have to DYOR and not blindly follow someone else’s advice.

It's on you if think that Ethereum is queen for all of those smart contracts and ERC 20 tokens.

Yep, bitcoin will always be the king.

It depends what you mean by "queen". If you mean second to the top in terms of marketcap, then yes. Other than that, I don't really know what other cringe-worthy meaning you meant by "queen".

Thanks to everyone for their inputs.

By king and queen, I meant in terms of market value and most sought after coins.

Also, if arbitrage is difficult then what about algorithmic trading?

What are the best bots around for algorithmic trading?

Crypto space will always have one King and it will be BTC in any term. All the other coins can name themselves whatever they want.
Any type of trading is "difficult" and risky, arbitrage trading though doesn't only boost your trading volume but your trading risk as well.

IMO your best chance, at least in a matter of integrity and seriousness, is Gunbot (https://bitcointalk.org/index.php?topic=1715214.0).

Try some ICO or Pre-ICO

Arbitrage is profit if all off the condition is met. When I say conditions, there are things you should check before jumping on a coin with Arbitrage.
You should check
- If it's withdraw able
- If deposit is allowed on the other exchange
- Fee for withdrawal
- Is there volume
- Also check the buy other rates
If all of these are correct, then you're good.
I personally use Coingap to check for Arbitrages. Then I check to see if all of the conditions are met.

This is like a worst advise. ICO and Pre-ICO are no longer a thing and everyone knows that. Even IEO isn't trendy.

Opportunity is created every day and exists at all times, but you are looking for the easiest way to make profits at all times. While the opportunities are created daily in this highly volatile market, it is easy to make profits easily.

bitcoin may rise to 100000 dollars and your 100 costs must.

it is better to use that money to learn more about investment, this learn will make you make your growth eaily

I checked GunBot and compared it with 3commas.

Maybe regarding integrity, you have more faith in gunbot as it runs on your own computer, but the issue can be with internet connectivity and speed sometimes.

Whereas, I personally feel that cloud based bots remove the above issues and you do not burn your hardware in the long run.

But, its still an imp point regarding integrity.

You believe in bots that runs on your own computer or any other reason?

There used to be a time when people made decent profit out of the spreads but it is not hard to notice that arbitrage is less becoming interesting and popular these days. It must have become a lot harder a way to make money. So if you are really "trying to find out genuine ways to earn," I don't think arbitrage is the way to go. You are better off learning basic trading.

If you are looking for long term crypto investments, you are always in good hands with Bitcoin. But you have to realize that we are already currently approaching a new ATH. You may decide to invest right now but you also need to brace yourself for a possible deep retracement sooner. However, you can almost be sure of another round of Bitcoin bull run in the months to come.  

bitcoin is by far number one because nothing else comes even close to it in sense of security, decentralization and utility.
from time to time some altcoin becomes too hyped up and gets a lot of pumps to reach the second rank in market capitalization specially if it has a gigantic supply. ETH is that altcoin. it is not "most sought after" at all. it is the most hyped. and it is pumped as long as the hype of token creation scam under different disguises (ICO, IEO, DEFI,...) is ongoing. otherwise it is centralized, insecure, mutable and useless with a huge inflation thanks to its unlimited supply.

arbitrage is very risky since you can lose a lot of money in it, otherwise it is pretty easy to perform.
why are you looking for bots and algorithms, why not just trade normally?

All types of trading is very risky if you didn't know what you are doing. In arbitrage trading, I believe its very basic and not too much risky if you are  good on finding a coin to perform this method. This method will be very risky if the user choose a  coin with a huge spread on Buy & SELL price. I use this method before and I can have an easy quick buck by trading to BTC>Preferred Coin>Fiat or ETH> then convert back to BTC.

Leverage trading is the most risky method compared to arbitrage trading. Assessing the risk of this method maybe varies on the style of trader.

Obviously, I will recommend you Gunbot too :) but because I truly believe it can help anybody to Learn and Profit, first of all, once you make the investment you would want to earn your money back, so that would be your first incentive, the faster you learn the quicker you can recoup, and then just keep making more.

I said Gunbot because is what I know and use, but to tell you the truth any decent bot would give you results, as long as you put the effort to learn.

As long as you understand, that a trading bot is a tool to help you automate your trading, not a Lambo Maker.

First, it will help you develop discipline and get used to respecting trading rules, which is why many fail.

Second, it will help you when your emotions get in the way (to a degree ofc you can always Panic Sell by hand)

And third, as long as you set a good risk management strategy you will be good to go.

Yeah is just the tip of the iceberg but so you give you a few reasons, on top of that you will be part of a very supportive community, most of which really got introduced to the bot in this forum.

Then, trading wise you can setup a Kucoin account for example, and practice with like $100 or something that really won't break your bank, "watch mode" is also available until you're ready to go live.

Again, no bot is set, and forget, but if you tell it what to do, it will execute your command reliably, taking a lot of pressure off your shoulders and trading 24/7 on your behalf.

Hope this Helps.

If you're interested in arbitrage, I can tell you all about bitRage...  ;)

The risk of arbitrage trading comes mainly from the volatility of the market, specifically when you are using an altcoin. You may find a good opportunity to make profit and make your first purchase then the price could dump hard and you are left with a bag of useless altcoin that has lost its value and are forced to sell at a loss.

With Arbitrage, you need to be very wary of scams. Some of them seemingly work for a while, offering daily returns that are not sustainable in the long run, and that are really just built on Ponzi foundations. Recently, a biggy came to light in Spain (with worldwide customers), leaving around 32000 investors empty handed, without access to their collective 10K BTCs (see
https://www.riskscreen.com/kyc360/news/spanish-prosecution-office-investigating-alleged-bitcoin-pyramid-scheme-1-billion-in-investor-funds-reportedly-missing/).

Besides the big cases, I’ve seen quite a few smaller scam websites trying to lure people with the claim of having the best arbitrage software, capable of providing ridiculous ROI.

It's true that you will face some issues regarding the internet speed and cloud-based bots are faster (not always) but integrity and trust surpass those issues, at least for me.
To be honest, though I'm a fan of the old school system of doing/ putting your orders manually (as pooya87 mentioned above). Ofc you will lose in fastness and you will need much more time in front of a screen but on the other hand, you will have the time to correct/ change orders and catch a better price. Not to mention that if you are not aware of the bot's possibilities and parameters, then you will pay any mistake that you might do.


Exactly that. 8)

Seems like everything you said is turning out to be true as on date.

Bitcoin made insane profits since the beginnings. If you really want to go for such high rewards, you need to go into Alt coins, but there risk there is very high too. There is a good chance you will lose money. If you do want to be long term involved with crypto currencies I would advise you to go for Bitcoins. They might be very high at the moment, but there are already experts saying that prices of above 100,000 USD are possible for 2021. Buying to hold is a better approach than abitrage bots for beginners in my opinion.

Thanks for your advice and inputs.

I was reading reviews about the top exchanges and every exchange has horror stories on google across various review websites.

It is really confusing for a beginner.

Which exchanges are genuinely best in terms of:-

1) Ease of use.
2) No issues in deposits and withdrawals for verified accounts. I have read horror stories when it comes to withdrawal with top exchanges for verified customers. Why?
3) Fast transactions.
4) Safety of crypto, funds and accounts. I have read horror stories about sudden closure of verified accounts.
5) Fees - It is least important among the above but does any exchange have all the above and reasonable fees as well.

Thanks

1- This is up to you. All of them have their differences and you will have to decide which one is fit for you.
2- If your account is verified with the right and authentic paperwork and your activity has "logic" or is not shady by any means, then you are good to go. But you need to know that is in exchange curtesy if want to ban you or not and if they do, they "can" find a reason/ excuse to do it.
3- Some delays can occur to any of them but all are fast enough. At least the top-5 and for major/ big coins and tokens.
4- There is no safety regarding your funds in any exchange. Why? Because you don't own the keys, it's not your wallet. Anything can happen, you can just navigate around here and you will read a lot.
5- Besides Coinbase Pro/Coinbase all the others (at least as far as I know) have the same fees, at least for BTC. For alts and tokens fees varies.

You are highly welcome here we are all pleased that you have started something in the forum just try to read up materials and do some work as well.

These forum is made for a business and getting more information about bitcoin and other alt-coin, i really appreciate your post u share, is also part of information.

Bitcoin is the top most recommendation if you're talking about profit potentials with guarantee in the long run, although there are a ton of shitcoins that pumps and dumps all the time.

I love the idea of Arbitraging and i understand that there is some profit potentials in it, at some point I was so interested in fiat arbitration but then it came with a lot of risk especially for the part of the world that i came from.