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Author Topic: Different coin prices on different exchanges = profit?  (Read 849 times)
marcothegeronimo (OP)
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January 14, 2014, 12:11:00 AM
 #1

I stumbled over this website recently : http://bitcoin-analytics.com/
Apparently under "Arbitrage" it tells you how much profit there is to be made by buying at one and selling at another exchange, with fees etc. included in the calculation.
Has anyone ever tried this with success? I Reckon it must be quite the task, especially since the whole process might take some time..

Good mining everyone!
odolvlobo
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January 14, 2014, 12:18:21 AM
 #2

This has been discussed at least a dozen times. Search for "arbitrage" in these forums and you will find your answers.

tl;dr: The answer is no.

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zaloultra
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January 14, 2014, 12:33:50 AM
 #3

I Guess the bigger exchanges have more buyers and sellers and therefore less spread
genuise
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January 14, 2014, 10:35:54 PM
Last edit: January 15, 2014, 07:56:11 AM by genuise
 #4

I stumbled over this website recently : http://bitcoin-analytics.com/
Apparently under "Arbitrage" it tells you how much profit there is to be made by buying at one and selling at another exchange, with fees etc. included in the calculation.
Has anyone ever tried this with success? I Reckon it must be quite the task, especially since the whole process might take some time..

Good mining everyone!

Hi, I am from bitcoin-analytics.com and would like to clarify that arbitrage table does not account any trading or withdrawal fees. This is stated in our Why section.
If you have any question I will be glad to answer them.

guybrushthreepwood
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January 14, 2014, 11:27:50 PM
 #5

This has been discussed at least a dozen times. Search for "arbitrage" in these forums and you will find your answers.

tl;dr: The answer is no.

You can do arbitrage, but it's not as easy and as simple as it sounds and you're not guaranteed to make any money, but it's very possible, but you need to factor in a lot of factors lol.
DerekLyle
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January 14, 2014, 11:45:23 PM
 #6

Arent some of the high prices because of the difficulty in withdrawing in cash?
guybrushthreepwood
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January 14, 2014, 11:51:09 PM
 #7

Arent some of the high prices because of the difficulty in withdrawing in cash?

That could be a factor, but there are also many others.
jerelimZ
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January 14, 2014, 11:55:52 PM
 #8

Arent some of the high prices because of the difficulty in withdrawing in cash?

It is true, and the delays with the cash movements.
You also have to risk the money, because there is chance of exchange filling bancrupcy, especially these exchanges with higher withdrawal delays


 
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marjaana771
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February 02, 2014, 12:06:29 AM
 #9

You have calculate all the fees etcetc and time between transfers it will be very hard..
lynn_402
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February 02, 2014, 12:31:19 AM
 #10

You need to have a lot of BTC for it to be worth your time. With all the fees, you might get 0.5% profit per trade, and it takes time. But, if you do it with thousands of BTC, it can quite lucrative. Check out autotrade on cryptostocks.com, you can buy shares and that's exactly what they do.
oxfardk
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February 04, 2014, 07:55:42 AM
 #11

Quote
Arent some of the high prices because of the difficulty in withdrawing in cash?

not necessarily because the arbitrage is very important in some cases

Sonny
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February 05, 2014, 04:09:32 PM
 #12

If such arbitrage strategy is doable, people would have done it again and again, and the price should have been converged (small difference only due to withdrawal fee and exchange rate spread).

So, when you see some big difference in price, either you are the smartest people on Earth, or it is not feasible.  Cheesy
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