i dont know as i never used these 2 exchanges. but to do arbitrage correctly and safely you would need to have funds on both exchanges. when you buy BTC on one, you sell it on the other to fix the price (fluctuation can kill your arbitrage during time needed for transfer to the other exchange).
+you can also consider hedging against fluctuation of your country currency and USD, but its not that necessary as the fluctuation there is not that big.
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I see. note that lower amounts will require higher fees relative to amount transferred/exchanged. it will cut into your possible arbitrage profits as well.
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if you think its doable, try it with smaller amount, like 0.1 btc first and you will see
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.. Today I saw that SC (Siacoin) was above 10% and volume was above 10,000. It was also very active pumping up and down. I did four buy and sell trades, not aiming for much more than 5% profit on each one and increased my $75.00 to $91.00. It was a great leaning experience. Also very humbling because on the first trade I made a mistake and lucked out.
Scott
nice profit. but be careful, imo the best first trading account experience a trader can get, is to lose everything or substantial part of the account no kidding, its better to get humbling experience at the beginning than the feel of invincibility.
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Of course, many former HYIP admins moved to crypto world. And ETH + ICOs. eth is becoming massive platform harboring various ponzis. Most of the 'projects' are just fake. But people will fall for it anyway. No warning is being listened to. If this becomes too big, it will shed very bad publicity on crypto world. And authorities will have one more reason for crack down and to heavily regulate everything.
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There is no way to escape these people via the digital domain. The only way out of the debt based and/or usury system is by physical metals used in native coin form.
What if they decide to confiscate or heavily tax possession of gold and silver one day? there is no escape
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... and after only a week, we are back at new all time high market cap, nearing 92 Bln. what a madness
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I may miss out on this, but Im somewhat suspicious of the market now. I'll not buy until after next dump, even if it should be higher level than now.
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thats nice. but do you have some strategy for days when massive dumps will occur?
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I dont mind paying 0.001-0.002 BTC fee when i need fast transaction, lets look at ti this way: both buying real or virtual stuff and paying fees for transactions is supporting bitcoin economy.
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bitcoin is somewhat detached today, alts are mostly not going up and there is something going on with eth/etc now. lets see if it will have some effect on btc
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Yeah.I've heard its sheduled to fly to the Moon, taking all those ICO's shitcoins with it
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(And for gods sakes, stay away from Altlandia and all that ICO crap, unless you want to lose everything)
im not into ICOs much, but if there is one genuine shitcoin actually named shitcoin ICO, i may get some with few bucks We need the real one not hiding behind some fancy name like >95% of others. just name it after what it really is
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dont fall into pump trap. Which pump trap? Cmon ETH is the second best in the cryptoworld.. The 0.1 is just a step, I think it worth atleast double. second best... it depends how you measure it. if you mean by market cap then yes
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you can find many contradicting predictions. most of the people /including me/ have often their own bias where the price should go. its important to change opinion once we are proven wrong by market move, or it can become costly. Even Warren Buffet an other big fish investors in the real world markets have to cut their losses time to time.
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i was doing it for a while when i was starting with bitcoin, but stopped years ago. it wasn't worth it. I actually lost more than i gained, but it was because of exchanges scams or hackings (best arbing opportunities were on low liquidity small exchanges).
also it requires more funds spread through several exchanges. But doing it manualy today is not worth it imo. there are bots for doing this.
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OK, sure, its going to the Moon and beyond, just for you
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Has the bogey man shown up on finex? Seems something has spooked them.
how? i dont see anything wrong
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the question is if they will be trading real bitcoins or some bitcoin cfds
the news said it is a full feature bitcoin exchange platform so that traders can trade bitcoin there, so i am guessing it will be something like the exchanges such as bitfinex, okcoin, ... that we know. It can be interesting then. we'll see how big trading volume they can achieve.
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better? from what i see on the charts it looks like crash may be coming very soon
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