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Author Topic: Bitcoin Triangular Arbitrage  (Read 5235 times)
Bolt Brownie
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January 18, 2018, 08:18:35 PM
 #21

I actually did that once with bitcoin, litecoin and US dollar, but I wouldn't agree that it's a zero risk profit. Crypto markets are way to volatile, so unless the margin is huge so it can cover market fees, and you can also take market price right away, and still give you some profit, there is the possibility that the price of one o the coins would change, and the profit was gone.
Finding those arbitrages are also quite time consuming, and in my case the offer presented itself after a swing in litecoin. I wasn't really searching for it, so it was more like a trade that I saw I could explore. So in my case, a change in price actually happened in my favor. This means that if things change fast enough to go my way, the opposite could also happen.
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January 18, 2018, 08:44:19 PM
 #22

Always consider your wallet address carefully before transferring any coin. I often copy the address to the location to send then I copy again and use the keyboard shortcut (Ctrl + F) and paste that address again to search the copied address if the same or not, If I did, I would trade. At present, the value of the coin in the market is very large so you should be extremely careful to avoid mistakes that are not worth the loss of your property.
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August 21, 2018, 10:52:46 PM
 #23

i used to make $1000+ per day doing triangular with a bot. However, market is becoming more efficient and now I'm hardly at $100 per week
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