Do people seek to arbitrage alt-coins?

[ikonic1]

For example, buy an alt-coin at price X or one exchange and sell it at price Y on another?

I have no experience as I've only ever used Poloniex. As a variation, I've foolishly bought some very thinly traded coins e.g. CNMT and am wondering if they is a way to dispose of them outside of Poloniex (where there are very few buy orders).

Any suggestions / ideas / thoughts?

[klarki]

For example, buy an alt-coin at price X or one exchange and sell it at price Y on another?

I have no experience as I've only ever used Poloniex. As a variation, I've foolishly bought some very thinly traded coins e.g. CNMT and am wondering if they is a way to dispose of them outside of Poloniex (where there are very few buy orders).

Any suggestions / ideas / thoughts?

Unfortunately no.
Wait, maybe even rise in price.

[cryptohunter]

too many bots doing this 24 /7

[ikonic1]

too many bots doing this 24 /7

So why isn't everyone using bots? I'm sure there's a reason that I have overlooked (since I've never even considered using one).

[vuduchyld]

I tried to arb XMR between BTer and Polo maybe two years ago.  What I found:

--Had to keep both BTC and XMR on both exchanges in some significant amounts.  I considered BTer to be a bit risky for that, but often the transactions between exchanges were too slow.
--XMR traded, at that time, too thinly on BTer.  I was a guppy but I could still move the price with small buys.
--My winning trade percentage was great, but I couldn't trade any significant amounts without impacting the price.
--It appeared as though bots were doing the same thing I was doing manually.  If you want to make 0.03 BTC per trade, you could probably do this, but you'd have to carry enough crypto on exchanges to make it not worth the risk, IMHO.

I decided to let the bots have that shit.  Just not worth the hassle.

[The Sceptical Chymist]

Yeah I think a lot of people either do it or try to do it.  I remember people were getting burned big time when Mt. Gox was still around.  In general the more people who know about arbitrage the less opportunity there is.

[bathrobehero]

Bots are doing it in small amounts I guess but if you notice a big discrepancy in price between exchanges chances are something is almost guaranteed to be screwed up (eg. wallet fork, lost sync, etc. but your trades won't go through at least not in time).

Mcxnow (dead now) for example allowed trading coins while their wallet was offline for weeks so no transactions in or out which is just retarded.

[btccashacc]

i have exprienced in arbitrage alt-coin but mostly bitcoin, i remember i did it between poloniex and bittrex i convert my coin to dogecoin first, to decrease the cashout fee's , and while bitcoin i did it between my local exchanger and huobi, you will earn much profit if you have big capital to do that

[Rune]

I have made profits doing it before it is much harder now then it was in 2013
I would not really look to do it unless I want very small profits

[d-trix]

I have made profits doing it before it is much harder now then it was in 2013
I would not really look to do it unless I want very small profits

It was the good old days of buy low/sell high using different altcoin exchange platform.