arbitraging these days is hard to be profitable due to exchange trade & withdraw fees, settlement times, volatility, and so on.
i especially dont think daily rebalancing of my "portfolio" with your bot and incurring more exchange fees will improve my position.
I appreciate you sharing! We performed a number of studies comparing rebalancing to hodling and we found some interesting results. I would encourage you to check them out and let me know what you think! How Often to Rebalancing Your Crypto PortfolioHappy to answer any questions about the study! These results are unrealistic. you're basing performance exclusively on backtesting, which uses historical data instead of real-time trading data. The daily close price is much different that what actually went on intraday... Your data doesn't seem to include trading fees either... if rebalancing hourly was profitable, then we'd see the big funds like coinbase index fund or bloomberg crypto index doing similar. Thank you for sharing! I would like to clarify a couple of things. 1. We do not use daily close price. We use actual order book data taken directly from the exchange. That means the open orders that were actually available on the exchange at the exact time we simulate the rebalance. 2. Yes, we absolutely include trading fees. This is discussed in the article. Please let me know if you have any other questions! I'm more than happy to discuss the results in detail. |
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Hi Everyone, Happy New Year! This may sound like a strange topic, but I wanted to take a moment to discuss the "arbitrage of time". That's right, time. You might be wondering, "what do you mean by arbitrage time?" Well, there are a few things for which we have become certain in the crypto market. One of these things is that in the long term the cryptocurrency community will continue to expand, grow, and foster new advancements. This presents a so-called "arbitrage" opportunity. I speak about it in detail in this article: The Crypto Strategy to Arbitrage Time
Let me know what you think! I would love to hear the discussion on this idea. |
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Hi Everyone! The crypto market can be complex when you have a diverse portfolio of assets and no convenient way to manage a long-term strategy. In my latest article, I discuss how to automate a crypto portfolio with a few simple strategies that have been used by investors for decades. I consider these the most important strategies for anyone to know if they want to maintain a long-term position in crypto. Let me know what you think! Crypto Trading Automation for Portfolio ManagementHappy trading! |
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Hi Everyone, I hope you're having a great week! We just published a complete guide on how to build a crypto trading bot for Binance. The examples should be able to provide a good starting point for any new bot developers out there who are looking to develop their first trading bot. Let me know if you have any questions about the examples! How to Build a Crypto Trading Bot for Binance (Using Python)
Happy holidays! |
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I love shrimpy posts, they are always in detail and gives so much information regarding... well basically whatever they are writing about at that moment but their exchange information are always superb. I personally like kucoin more because I have talked with the team there and checked out their security before and they are amazing however I can't deny that hitbtc is also a great place.
I think "both" is a good answer because it depends on what you are looking for from a website but I also think that a proper trader that is interested with many coins and many possibilities of trading should be going one way (I guess you figured out what which one I would pick). However, if you are newbie then hitbtc is simpler and easier and you could have your first start there.
I'm excited to hear you like the posts! Since it takes a lot of time to put these articles together, it's always reassuring to know that people appreciate it. Don't hesitate to let me know if there is a specific topic you would like to see covered in the future! Thanks for the feedback on these exchanges, these are great points. |
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Hi Everyone! I hope we're all having a great week! The market has been wild, so I hope a nice discussion can distract us for a while. Today, I published an article that compares Binance to Coinbase to try to determine which exchange is larger. That's in terms of different things like revenue, users, trading volume, and more. Binance vs. Coinbase - The most popular crypto exchangeI'd love to hear everyone's thoughts! |
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Hi Everyone! I hope we're all having a great week. I just published a quick article sharing the 3 exchanges I would recommend for any crypto trader getting into the market. What do you think? Which exchanges would you recommend to new crypto traders? The 3 Exchanges For Every Crypto Trader In 2020Looking forward to hearing your thoughts! |
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Hi Everyone, I wanted to start a thread on trading bots and which trading bots everyone is using to manage their portfolio. I wrote up an article to outline some of the details of trading bots. I would love to hear your thoughts and get feedback on what trading bots your using! The Best Automated Crypto Trading Bots in the MarketLet me know if you have any questions about the article! |
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Hi Everyone! I hope you're having a great week. I just published our latest article on comparing KuCoin to HitBTC to discuss which exchange is the best for trading altcoins. What exchange is the best for altcoin hunting?What exchange would you consider the best exchange for trading altcoins? I'd love to hear your thoughts! Looking forward to chatting! |
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Hi Everyone! I hope you're having a great day. The market may not be bullish today, but I want to start the discussion early so we can all be prepared. I recently published an article to compare Kraken and Coinbase to see which exchange would be the best for buying Bitcoin. I would love for you to read the article and hear what you think about the comparision. Coinbase vs Kraken - Which Exchange Is The Best For Buying Bitcoin?What exchange do you think is best for buying Bitcoin? Looking forward to the discussion! |
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Hi Everyone! I wrote up an article about the 10 reasons I think KuCoin can become the new Binance in 2020. I wanted to reach out here to see what you thought. If you have any feedback or ideas I missed, please let me know. I'd love to chat about these two different exchanges and hear your opinion about what might happen in the next year! 10 Reasons KuCoin Will Be The New Binance In 2020
Looking forward to it! |
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Huobi US has announced today they will be shutting down on December 15th, 2019. This comes after over a year and a half of low volume trading on the exchange. Our team wanted to remind everyone to withdraw their funds from HBUS and find a new exchange as soon as possible. We've provided more resources, links, and thoughts in our most recent blog post. Let us know if you have any questions! Note: Huobi Global will continue to operate. Only HBUS users will be affected. https://blog.shrimpy.io/blog/huobi-us-hbus-shuts-down |
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Hi Everyone! I hope you're having a great week. I wanted to get your opinion on Kraken vs Coinbase. What exchange do you think is better? Which exchange do you like more for trading and buying crypto? I wrote my thoughts on Kraken here. I also wrote an article on Coinbase Pro here. Would love to hear your thoughts and see how they compare to mine! Looking forward to chatting with everyone! |
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Hi Everyone! I hope we're all having a great week. I just published an article about HitBTC. I would love to get the opinion of other HitBTC users to see what they think about the exchange. You can find the review here: https://blog.shrimpy.io/blog/hitbtc-exchange-reviewWhat does everyone think? How would you rate HitBTC on a scale of 1 to 5? Looking forward to chatting with everyone! |
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Hi Everyone! I hope you're having a good week. I wanted to share an article that discusses personal finance products that every crypto investors should be using to manage their portfolio. I would love to get your thoughts and see what tools you use to manage your portfolio. 5 Personal Finance Products for Every Crypto Investor
Looking forward to the discussion! |
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Good article, couple observations - You're right that there aren't many asset managing firms that work with cyrpto's but I would add that it's slowly changing for the better. Larger financial firms like Goldman Sachs have started entertaining crypto's and I know for a fact that smaller institutions have opened the road to managing and allocating Bitcoin to client accounts.
Last note on the amount of investors. I'd be willing wager that the amount of investors are probably inflated. The amount of people that truly have a significant portion of their investment funds within Bitcoin, or any other crypto for that matter, are probably minimal. Most people have their money tied up in other precious metals and it's likely that people hopped on the bandwagon after the boom in Bitcoin these last few years putting away an extremely minute portion of their funds in BTC and letting it sit.
Again, good article!
I appreciate all the great points! Yes, the move by institutions towards accepting crypto has been slow, but it is happening. Over the course of the next few years, I expect we will continue to see acceptance by these institutions as they develop their own crypto solutions and feel comfortable with the progress of the space. I agree about the numbers. At this stage it's still difficult to accurately gauge the number of participants in the market, so I hope there will be more studies that look at these numbers. |
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Can I ask, what is the purpose of counting the number of trades daily? You cannot precisely count the exact trades per day because some exchanges are mostly faking trades using hundreds of bots even if you use some tools to count you cannot totally determine what is fake or real trade.
That's a great question! I think one of the problems is this data has not been readily available. As a result, we haven't had enough time to determine all of the ways this data is useful. I imagine there are people out there who have specific times they would need to know how many trades were executed over a certain period of time. Although I'm not one of those people, I wouldn't rule out the possibility. Yes, I agree the results can be skewed by wash trading. However, I think knowing the number of trades that are executed is also a good way to determine the amount of wash trading being done on a given exchange. Pairing this with trading volume and other stats, I'm sure it would be possible to estimate the volume of wash trading. However, I haven't given it enough thought at this time to know for certain. Please let me know if you have any other questions! |
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Hi Everyone! Have you ever wondered how many trades exchanges are processing each month? I just published an article which answers this exact question and also equips you with the tools to track the number of trades each exchange is executing over time. This is how many trades exchanges are processing every month
What do you guys think? Was this more or less than you were expecting? Would love to chat with everyone to hear your thoughts! |
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Hi Everyone! Coinbase Pro has been hiking their fees which is making it difficult for retail investors to implement successful trading strategies which frequently execute orders. Do you think the Coinbase Pro fees are too high? I wrote an article on the topic, but I would love to hear what you think. Coinbase Pro exchange review
Looking forward to chatting with everyone here! |
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