Bitcoin Forum

Economy => Service Discussion => Topic started by: Spekulatius on September 12, 2012, 12:32:20 AM



Title: Still Great arbitrage opportunities on bitstamp and btc-e
Post by: Spekulatius on September 12, 2012, 12:32:20 AM
How can there still (2,5 hrs after the 160k BTC ASK wall was placed at 10.70$) be so many BTC for sale below 11.1 $??
(Before the erection of that wall price hovered around 11$)

Current MtGox price: 11.35$ and rising..

http://img213.imageshack.us/img213/1863/unbenanntbtb.png (http://imageshack.us/photo/my-images/213/unbenanntbtb.png/)

http://img801.imageshack.us/img801/7835/unbenanntvgl.png (http://imageshack.us/photo/my-images/801/unbenanntvgl.png/)


Title: Re: Still Great arbitrage opportunities on bitstamp and btc-e
Post by: koin on September 12, 2012, 05:36:42 AM
How can there still (2,5 hrs after the 160k BTC ASK wall was placed at 10.70$)

did you mean bid wall?


Title: Re: Still Great arbitrage opportunities on bitstamp and btc-e
Post by: thezerg on September 12, 2012, 01:03:01 PM
look at the whole risk.  You have to leave $ on these exchanges to take advantage of an arbitrage opportunity but so many exchanges hacked...

There's about 400BTC at approx 11.10.  You could have sold for maybe 11.30.  Subtract 1% fees:

print 400*((11.30-11.10)-(11.20*.01))
35.2

So you are making 35 bucks on this unprecedented 160k bidwall, if you are willing to expose yourself to 4500 USD constant risk.