no you can not do that right now absolutely.
right now the network itself too crowded and if you make a transaction i am afraid that you will get it in the next day or even worst than that.
from that side alone we can tell that Bitcoin arbitrage is not profitable.
on the other hand some exchanges like Kraken can not be accessed when this kind of movement happen..
so i doubt you can buy some or sell some on that kind of exchanges right now.
and lastly,if you do not have a quite many Bitcoins for the arbitrage in the end you will only losing it.
because we need to spend a lot of money(for more than $5) for every transaction that we will make when doing it.
stay away from Bitcoin arbitrage right now absolutely,you will end up holding it other than gain a profit from that move.

i think it should around $25.000 more or less or depend on the situation first,
right now we're waiting for a listing that will happen with Bitcoin on CME group's in the next few days.
if we're successfully get listed in there i believe there will be a huge boost in bitcoin price,
of course before that boost we should see a downturn and then moving toward another level.
why i said moving toward to another level ? because in Q1 2018 there will be another movement.
i heard it will get listed in some place similiar to CME group's or futures.
plus we also heard about Lightning network that already tested a day ago or two,
we're waiting for that development,if everything is went well i believe it will be a good news.

based on our current movement i do not think we will see it around that point again,
right now we're expecting a huge correction or a huge downrun movement but at best it will only around its average price.
what i mean is,at best bitcoin will down to around $5000++.
why at best it should be around that point ? because of the expenses that the miners need to pay whenever they're mining it.
also we must consider about the difficulty that keep increase from time to time.
if we're going down to that level,do you think the miners will keep mining it ?
of course not,and we need miners to solve the blocks.
in conclusion it's very very unlikely to see it goes down to that level because of that factors.
but bear it in your mind that everything is possible in cryptocurrency.

if we're talking about the volatility in traders perspective it should not be a problem,
just like what he said about amazon stocks that went up from $18 to around $1200 over the years.
even in our view it's a good thing not a bad thing,
but bear it in your mind,volatility is a good thing for traders because with it we can make a profit.
on the other hand it's not a good thing for Bitcoin itself if we want to implement it in our real life.
in a simple way,
Amazon stocks only can be used to value it not to use it in our real life,
but Bitcoin is different,we want to use it in our real life or we should say it a currency that we want to use.
the more volatility it become the harder it will be,
just imagine if someone want to buy a console from store 'A' when he buy it the price drop 50% from its average price,
does not that mean the its value will be decreased ?
because of it,there'll be a fear inside their mind whenever they're using it to pay something or to do something.

there're no way to reignite our own passion if you're still thinking about your mistakes.
as a trader all that they must have other than smart is cool headed.
the first thing that you need to do to is taking a vacation for your own,
you need to take it because there're a lot of complicated emotion in your head right now because of those mistakes.
everyday whenever you're doing a trade you will always remember those mistakes and of course because of that your emotion will be affected.
that is why you need to take some vacation and let it go,
regret is not a part of our journey,it will only prevent us to make a move.
let it go,clear your,learn your mistakes and set your goal for future.
that is the reason behind your vacation,i believe after you do that you can reignite your passion on trading again.

the reason behind your unconfirmed transaction due to overload traffic that lately we faced.
and with your fees i believe you will get it for more than 1 day or even 2 days if i remember it correctly,
some of my friend did the same thing like you and need to wait it for a while.
maybe that is the reason behind this crazy pump other than news that will come to us.
for me it would be better using it other than western union and something like that,
it's better other than else when the traffic is fine and nothing wrong happen with it,
ironically,something like this will always happen whenever we're reaching all new high.

so if you're asking about how is it better using cryptos other than else when the traffic like this,
i think the answer is no,of course it was worse other than else.
(of course it will only that way when the traffic like this)

correction is expected to be honest because of this crazy run,
we may be can see a huge run that will happen in the future but at the same time we may be can see a sustainable pump.
why ? because if we're succesfully get listed on CME group's futures later on and get a positive feedback from people,
it has a possibility that in Q1 2018 there will be another listing that will happen with it,because i heard rumour about that kind of activity again.
but what happen if the downrun is running while there're no sign of comeback ?
every altcoin will be get pumped absolutely because people nature's.
people will not sit and do nothing while they can make a money by pumping the altcoin.
of course the pump will be arranged from the top one to the shit one.

first of all no matter what is it that you're trading for the book itself will not provide much help to you,
because all that it can do is telling about about technical analysis and many more.
but when you do the trade you will understand that everything is only good in a theory not in reality.
also there're a lot of books that you can find regarding cryptocurrency and even you can find it online,
just type it on google and you will find it,
will it help you ? absolutely no,
cryptocurrency and others are completely different,
the difference is very big because Bitcoin is a decentralized thing,which mean the price only can be determined by the community themself.
with that alone we can tell that cryptocurrency is very easy to get manipulated while other assets need a lot of factors to determine its price,
look at Bitcoin history from the start until now,and look at its progress.afterward compare it to other assets.
i believe you will understand what i am talking about and make your opinion about that.

of course keep holding it,
for me $20.000 is not its real value yet,of course it will only happen if we can see an improvement and development on it.
reaching $20.000 is a small matter for them because they can push the price from $10.000 to $18.000 in a week time,
but they did not do that right now(pushing the price to around $20.000 directly),they're afraid it will affect Bitcoin growth in a long run.
well even though right now Bitcoin is overbought,
it does not matter because Bitcoin still has a lot potential await it in the future.
also if we're successfully listed on CME group's later on,i think the demand for Bitcoin itself will be increase a lot.
plus if we're successfully listed on other place in Q1 2018 just like what rumour said,
i believe it's just matter of time for Bitcoin to surpass this level and moving toward to another level.

of course i will try it again in the future,
i will never give up because i already set my goal for future and fail or give up is not an option for me.
as a trader it's a normal thing to lose something whenever we're doing our trades.
even an expert sometime lose some of their money in the process.
my piece of advice if you're new in trading and got a huge loss lately,
take a rest for a day or two days to stabilize your emotion and set your goal for future.
what is the reason you do the trade ? and what is the problem that caused you to lose that much.
learn from your mistake,
i believe you will understand and get used into it.

do not take it seriously my friend,
John always made a controversial statements and i believe he's trolling us and other people about cryptocurrency.
if you're a true believer or a supporter,
this kind of statement will not come up from your mouth because it'll only make you look like a fool.
if you're an investor and when you're doing something or research,
and find out about something like this,will you believe it ?
what i mean is right now price around $10.000 and he said in 5 years the price will be $500.000.
even if i remember it correctly he made this statement when we're around $5000 or around that.
what do you think if you're new from cryptocurreny and find out about something like this ? an asset that will increase 1000% in mere 5 years ?

well i am not really sure about your so called 'reversal' thing,
plus you're saying about an early 2017ish price that will happen with it in the future ?
can you tell me why? what is the reason behind that thing ?
even if right now Bitcoin is overbought,but it does not mean when the correction happen in the future the price will be goes down to level when we're in january.
it's ridiculous in my opinion to see it,
everyday the demand keep increasing which mean the price will be move to a higher level not to back to its own place.
who want to mine it if every Bitcoin only cost around $700 or around that while the expenses double from that point.
also what is the relation with Reversal trend and Bitcoin Cash ?
seriously,i do not think it's make any sense at all.

if you're asking about time,
everytime is a good time to buy Bitcoin or invest your money into Bitcoin,
because it's a lot of potential in the future and i believe slowly it will be used by many people for their needs.
(that also mean it's a good time to buy it if you're holding it for a while not for a short time)
'Winter' is a place for traders to spend some of their profit after doing a lot of trades for a months,
which mean that time people most likely people will sell some of their bags to pay their needs,vacation and something similiar to that.
with that the price will be declined a little bit much and downrun will happen for a week or so.
right now Bitcoin price is very high,many people said that Bitcoin is overbought.
we may be can see a huge downrun in the future or this 'Winter' time may be will become a trigger for those downward movement.
so i think it would be wise for you to wait and deciding your move after observe the movement that will happen when that time comes.

i used this site and i am completely agree with your problem with their website,
whenever we're seeing a movement their website could not be reached because it did not load no matter what.
from other people i heard that we need to use their API in order to run it when the site is unreachable
(i have no idea about it but they said you can do the trade if you're using their API not using their site when the movement happen).
also it's not the first time they did it,it has been a year or from the start they opened their service this problem has not solved yet.
try to use their API to get access to their website when the movement happen or wait for the calm and then move your coin.
or send a ticket to their support and ask them to help you out for your withdrawals.
other than that i have no idea what should you do because it's completely unreachable when they make a move.

to be honest your question a bit too hard to understand because there're no 'kind of economy'.
all that we know is what will happen with our global economy if Bitcoin can be use or replace as a main currency aka Fiat globally?
well if we're talking about main currency i am very skeptical about it because if we're looking at its total supply,
plus at the same time people who is using it in their real life,does not that mean satoshi can rule the world with it ?
Bitcoin is good as a digital curreny and i believe it will never can be a main currency or even replace our currency.
it will only bring us a crisis for future.
Bitcoin has a 'great' value just like you said,but it does not mean it'll be good for us.
for example look at 'GOLD',it has a 'great' value but can you use it as a currency ? of course not because it's not suitable.

in brief,
Bitcoin will only be a digital currency that help people to do something,
it will never can be a fiat because we need to think about its physical form,total supply and many others.
crisis will happen if we're forcing it and replacing our own fiat with it because some people hold a lot of Bitcoins in their pocket.

the correction absolutely will happen and we may be can see it for more or around 30%,
of course it will only happen after we're reaching our goal right which is to get listed on CME group's.
but i disagree with your comment about 'Burst' because if we're describing it using tha word,
does not that mean the price will be explode and it's very unlikely to recover back in the future ?
for me bitcoin still has lot of room to grow and potential await it in the future,
right now we're seeing this kind of movement due to list and some good news come from japanese a while ago.
plus later on in Q1 2018 we will see another listing that will happen,
it will burst if it become a 'Bubble',for now it's still far from it because many people lately started to know about it and trying to get into it.
at least for now i disagree with those word and my prediction about the downturn should be more than 30% because ideally Bitcoin should be around $5000++ for now and of course it will keep increasing from time to time.

seems like many people still do not understand about it at all.
well for you guys try to learn it a little bit before talking about it in here :
https://en.wikipedia.org/wiki/Derivative
it is not really hard to understand to be honest,should be right ?
for now korean decision will not affect us too much because our current concern should be CME that will be list it in the future.
but of course with this news we could see the dump that happened a day ago and today,
many people thought it's exactly same like Bitcoin itself while bitcoin derivatives and bitcoin itself are completely different.
what i mean is we need to buy it directly instead buying a 'something' that basically has zero value in my opinion.
cryptocurreny is not a normal asset like others,well even though it's a bit same actually it has a differences compared to others.
lastly it has nothing to do with chinese,
because chinese completely banning Bitcoin,Bitcoin derivatives and everything aka banning cryptocurrency while korean bans Bitcoin derivatives.

i used many exchanges to do the trade using a small number of coins,
right now i used ;
https://bittrex.com/,
https://www.coinexchange.io/,
https://hitbtc.com/,
https://etherdelta.com/,
that is the place for me to do the trade and local exchanges to encash it.
why i did that ? because we can not trust them completely.
if you looked back our history in this cryptocurrency many people lost their money due to shady activity.
for example bittrex shady activity,they're blocking users account and kept forcing them to verify it using their document.
but whenever they tried to verify it,the supports did not answer their progress and question.
and many others.

so for the traders we can not lose our opportunity to trade our coin in those well known exchanges due to this reason,
even though we heard a lot about them,in the end we still need them.
we need them to trade our coin in order to get profit,that is why i divided it into many parts.
if something goes wrong i still have another.

i think the best place for you to find that kind of technical indicators should be here : https://www.tradingview.com/
there're a lot of people using their services to make the chart and sharing.
also this one too https://www.coinigy.com/

i do not know about the reason behind this dump was fud caused by people,
as far as i know right now we're moving very quickly and pushing the price to the top without a proper exlpanation.
which mean right now the whales trying to get their profits after pumping the price and then pushing the price to go down.
also how can you said that ?
you said every dip is goverment stealin our Bitcoin,are you talking about the people who bought  back when the price is down was goverment ?
seriously bro you need to take some rest because every comments that you made did not make any sense at all.
i could not find a people that fudding about Bitcoin banned,
plus if you claimed about something at least try to provide the source behind this

i do not think it will crash that soon to be honest,
because the demand is ridiculously high lately plus we're not yet get listed on CME group's futures at this moment,
do not you think it would be a joke,when they tried to add it at the same time its price fallen to the ground and do not show any sign of comeback.
but if we are talking about correction i believe it will be happen,or to be exact today we already see that right ?
i am not really sure if this downward movement will last long or it's just another bear trap like before.
we're yet to get listed on CME futures,so does that mean we still have a time to make another move ?
and also,lately i saw someone said like you.
he/she claimed the exact thing about 12 hours pending transaction,
may i know how much fees that you use when you did the transaction ? i just want to know,it's because of the fees or it's because of the network itself.