The bot checks for altcoins, which are traded on both Poloniex and Bittrex and compares their prices. If the difference is big enough to earn at least some satoshis (after deducting transfer fees), it enters the trade. The bot records its activities and exchange rates in a database and uses this information to reinvest a portion of its profits into the most profitable (in terms of arbitragable) altcoin. Additionally, the amount of held altcoins is calculated based on their exchange rate. This allows the bot to profit from hyped (PnD) coins. You can see the bot running on a $5 Digital Ocean VPS here: http://178.17.174.178/Screenshot:  GitHub link: https://github.com/opencryptotrader/arbbotFeedback & contributions are highly appreciated.  What`s the point of a bot earning a few satoshis as profit per trade?You will make a few bucks after one month ,even if you run the bot for 24/7.What if the bot crashes?Anyway,i like when people like you create something useful and give it away for free.Maybe such bot would help some newbies with little capital to invest.The people could get a 25$ free Digital Ocean coupon ,when they sign up at Codeahywhere,and try this bot. |
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The interesting question is what force stands behind this price growth?
Are the big whales starting to buy huge amounts of bitcoin?Maybe millions of newbies are entering the crypto community and buying small amounts of btc.The CME futures approval didn`t have such short term positive impact over the price,Segwit2x cancelled fork was the main reason for panic selling.Now,we don`t have any obvious reason about what combination of factors drives the price up.
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I find it strange that cryptocurrency exchange platforms and ICOs are banned in China,but cryptocurrency mining isn`t banned.I think that sooner or later,the chinese authorities will ban mining as well,becasue it consumes electricity that can be used for the chinese industry.You have to be carefull with your chinese partners.I `ve seen many horror stories about foreign investors being scammed in China.
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I`m going to share the video on my facebook and twitter. Right now the bitcoin price is 8927 USD,westerday it was around 8150 USD.A price increase with around 800 USD for less than 24 hours makes me think that this is a new speculation bubble,that is going to burst around the middle of December,i guess.Anyway,i hope that the price will hit 10K USD around Christmass or maybe around January. |
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Awesome infographic.I didn`t knew that OKcupid accepts bitcoin payments.I might sign up there and search for a girl.It would be awesome ,if someone creates and posts here an infographic about the history of all bitcoin hard/soft forks.There were hundreds of forks in the past,but the only one successful was bitcoin cash.
You should mention other big online companies that accept bitcoin ,like Microsoft and Steam.
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Hi adaseb,
Thanks for your reply, I am looking for forex -> crypto.
Will have a look at 1broker.
You can check out eToro as well.It`s one of the biggest forex platforms with around 2 million users and i remember that they have BTC and ethereum CFDs.The only thing that i hate about them is the ID verification process,but they are a regulated financial platform and verifications are mandatory. I think that Contracts for difference (CFD) are more risky than buying bitcoin.Why do you want to use CFDs? |
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Bitcoin crashed from $1000 to $300 on black Friday four years ago
Yes,the bitcoin price crashed,but it wasn`t because of Black Fiday,it was due to the Mt.Gox hack. Such price crash won`t happen again. I was wondering about major merchants allowing bitcoin purchases with big discounts around this black Friday,but i couldn`t find i single one.Unfortunately bitcoin is not a shopper-friendly digital currency.It is more like an "investor-friendly" asset.  |
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This info proves that there`s no need to build brand new bitcoin ATMs.The banks could change the settings of their ATMs, so they could accept fiat money payments for bitcoin and altcoins.
South Korea and Japan turn to be the leaders in bitcoin/blockchain adoption.USA and the EU countries are far behind them.The "know your customer" KYC rules are the only thing that stops further adoption.I hate sharing my personal info and IDs to some greedy banks.
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I don`t think that any ICO developer/owner will answer your question here.Perhaps most of the ICO owners want to keep this info private,or they don`t use offshore based companies.I`m not sure wether or not most of the ICO owners pay taxes at all.ICOs aren`t legalized in most countries, so the ICO capital has to be converted into fiat money,in order to be taxated.
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It`s a decent(not revolutionary,but good) idea,but every website needs traffic in order to be alive.
You will need an advertising budget to promote the site across social media and forums.
Do you have any design/programming skills?Do you have hosting and domain?
I`m sure that there are other websites/blogs that review cryptocurrency gambling games,you have to stand out from the crowd and create someting different.I`m not sure that the affiliate/referral revenue will cover your hosting/advertising costs.
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If you don`t want to get scammed,just don`t buy this altcoin. I think that Yobit launches a brand new altcoin every week,most of these small altcoins are only for pump&dump.If this really is a forked bitcoin,i don`t think it will survive,becasue it doesn`t have any strong miner/developer support.Bitcoin hard forks happen all the time,but 99% of them are very small. |
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Bubbles made bitcoin stronger,because they made all the bitcoin users and holders to believe that bitcoin will recover after every price crash.2 years ago,i didn`t have that trust in bitcoin and i was afraid of holding btc for a long term.Now,after all the price crashes and recovering,i want to hold all my btc as long as possible.
More HODLers means more stability for the btc price against panic selling.
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Bitcoin currently has a marketcap of 135 bn$. But the whole collection of cryptocurrencies has a marketcap of 300 bn$. ( https://cryptocoincharts.info/coins/info ) If no-one had been able to create any other coins, Bitcoin would therefore have had a value of 300bn$, but is only at 135bn$. This is a 55% drop in value This is because it is easy to create more cryptocurrencies. Value is not created out of thin air - everytime a new crypto is launched it drains away value from the other cryptos including from Bitcoin. The loss until now is 55% and with a rapid increase in the amount of cryptos generated, both on their own and from forking Bitcoin, the inflation and degradation of value will continue OP,you should learn more about the market economy and finance instead of posting such threads. And no,it`s not easy at all to create new cryptocurrencies.If it was so easy,every crypto enthusiast would build his own altcoin and his own blockchain.Don`t compare btc to all the other altcoins at once.Compare bitcoin with every separate altcoin.BTC remains the undisputed number 1. |
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The US high corporate taxes are fair,because most of the huge global corporations are created in the USA and they have huge profits.I don`t think that the US government or FED has the goal to keep thrillions of US dollars outside the USA,this would be stupid.Anyway,i don`t find anything common between China`s underground banks and cryptocurrency exchange platforms.The main goal of the crypto-platforms was to trade cryptos,not to export fiat currency outside China.
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What will be the impact of Bitcoin on the economy?
OP,your poll is pointless.You should change your answers. I think that bitcoin still doesn`t have any impact over the economy.Cryptocurrencies don`t influence the economy,they create another crypto-economy.The blockchain doesn`t decrease the transaction costs,this is the main reason for the lack of mass blockchain adoption.Bitcoin is just another digital asset,it doesn`t change anyhting in the economy. |
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Hello.I have a question.
Can i apply for Sr.member slot?I know that i`m Hero member,but there aren`t any other good campaigns and i was a part of the first GRAFT sig campaign.If you allow me to join,i will post my application here and change my signature and avatar.
Change your signature and I will slot you in as sr. member. OK.I will wear a Sr.Member signature code. Name: davis196 Rank: Hero Member Profile: https://bitcointalk.org/index.php?action=profile;u=710218Post count: 2059 BTC address: 1AoFW9GAR7MNWsKp6jdvCZpFZfDfmV3dc9 NEM wallet: NC4Z4L-YQTMBI-QHGXME-PQT4S5-KGAFFS-HQ7TGR-XV3W |
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I`m leaving this campaign.Please remove me from the spreadsheet.
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Hello.I have a question.
Can i apply for Sr.member slot?I know that i`m Hero member,but there aren`t any other good campaigns and i was a part of the first GRAFT sig campaign.If you allow me to join,i will post my application here and change my signature and avatar.
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I think that it`s quite late for the new investors ,who want to jump in and buy bitcoins.
They might make some profits for sure,but the huge profits will stay for the big whales and early adopters who
bought bitcoin a few years ago and continue to hold.You have experience with forex trading and you have to already know that nobody can predict the market and searching for such advice is pointless.
If you know how to trade,you probably know how to make technical and fundamental analysis,use your skills.
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I remember that some Facebook employees had the idea of spreading free internet across some third world countries using baloons.This would be a very expensive project and the funds rised by some ICO won`t be enough to cover the costs.Drones are too small,perhaps zeppelins and baloons will do a better work,because they can fly higher.Can you share with use the Youtube videos with this idea,OP?
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