Who's making money off of alt coin arbitrage trading?

[Possum577]

So who's making money off of alt coin arbitrage trading?

If so, are you trading between two currencies only or looking for best opportunity regardless of currency?

What are the funding or transaction hassles?

How well are you doing...give us BTC amounts or % gains.

[Patel]

Nice try, IRS

[calci]

So who's making money off of alt coin arbitrage trading?

If so, are you trading between two currencies only or looking for best opportunity regardless of currency?

What are the funding or transaction hassles?

How well are you doing...give us BTC amounts or % gains.

Well , I tried a few months back, but it is not that profitable, as the prices aren't really that different. I tried on Polo, and trex, but failed

[pooya87]

is there any platform or maybe a bot for doing Arbitrage trading on different exchangers available? are you working with any of them?

[ajareselde]

So who's making money off of alt coin arbitrage trading?

If so, are you trading between two currencies only or looking for best opportunity regardless of currency?

What are the funding or transaction hassles?

How well are you doing...give us BTC amounts or % gains.

I dont want to give too many details, but few months back i made about ~1,2BTC just by arbing, since i noticed a price difference between alts.
It was insane that i started with about 0,5 BTC to bounce around, and few hours later it was allready tanked to ~1,2BTC , i was surprised it worked, since most arb oppertinities are over-saturated,
and chances of catching something like this is rare.

cheers

[adaseb]

You can't do that anymore. It was highly profitable about 9 months ago however now there are bots that compete with you.

[Amph]

not profitable anymore, just take a look at the altscene, everything is dead or dying, or born and die fast

arbitrage is a thing of the past for us human, don't know how profitable is, with bot

[erpbridge]

Altcoins tend to be more volatile than bitcoin on exchanges, so by the time you can transfer your coins, in large amounts on different exchanges, prices fluctuate by a lot.

[NUFCrichard]

The problem with alt coin trading is that you can't trade decent amounts in most coins.
If you have a minor coin on an exchange, you have to have major market moves to be able to realise a profit, otherwise lack of market depth means you move the market 5% or more by dumping 1BTC worth.

I am out of the alt coin game, but I used to mine and buy new coins, until new coins came around every few hours, it got ridiculous.

[Nrcewker]

Nice try, IRS

huh, but it can't be imitated by us

[BitCoinNutJob]

So who's making money off of alt coin arbitrage trading?

If so, are you trading between two currencies only or looking for best opportunity regardless of currency?

What are the funding or transaction hassles?

How well are you doing...give us BTC amounts or % gains.

You have to deal with a ton of dodgy exchanges is a major problem with this. I've made a few arb alt moves in the past but i think the alt scene is kinda lifeless atm without a bitcoin price move.

[Herbert2020]

i tried doing arbitrage trading with altcoins but i could't achieve a satisfiable profit, maybe i was doing something wrong. but i realized that i would better stick to simple trading altcoins.

[uki]

Arbitrage trading is nearly impossible today, taking out small opportunities just about the time when a coin hits the new exchange. Usually in such cases, you can earn something, but it is less than 0.1BTC and the risk you lose is considerable. Low gain and small volume make it not worth the hassle.

[Q7]

The amount you win or lose depends on how much you wager. I wouldn't say it's not profitable so if you look carefully there are certain coins which can be very cheap to purchase (which means you buy large amount) and the rise can easily net you good returns. The question is are you willing to take the risk. A portion of my income comes from trading altcoins and that is provided that I see good opportunity. And don't think that it's always a win. I do lost and ended up a bag holder in one of the coins.