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Author Topic: Huge arbitrage opportunity at Tradehill  (Read 1000 times)
MyFarm
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June 12, 2011, 12:08:08 AM
 #1

Why isn't anyone taking advantage of the tradehill arbitrage opportunity?  Right now someone is bidding 16.0 on Tradehill.  Sell there, buy back on Mt Gox for less than 15 and boom, you're in quick and easy money.

I'm surprised nobody has been taking advantage of this sort of stuff.
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Sukrim
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June 12, 2011, 12:14:17 AM
 #2

Well... why don't you? Wink

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
Astro
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June 12, 2011, 12:15:50 AM
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Arbitrage is hard when the volume on TH is literally 100 BTC per day.
MyFarm
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June 12, 2011, 12:18:04 AM
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Well... why don't you? Wink
No BTC to sell there, just cash waiting to buy.  Otherwise I would.
lemonginger
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June 12, 2011, 12:18:42 AM
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high transaction costs and limits to liquidity I think -- once it becomes easier to buy and sell these will largely disappear
Astro
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June 12, 2011, 12:20:29 AM
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TH needs to release its API if they want to see the trade volume of mtgox.
gigitrix
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June 12, 2011, 12:21:39 AM
 #7

Yes. Bitcoincharts.com is my home, would love to see some more data points than MtGox and Britcoin.
MyFarm
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June 12, 2011, 12:35:21 AM
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high transaction costs and limits to liquidity I think -- once it becomes easier to buy and sell these will largely disappear
For a spread like this, transaction costs are a drop in the bucket.  And lack of liquidity is what CREATES this opportunity.
Sukrim
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June 12, 2011, 12:43:37 AM
 #9

By the way, the 16 USD offer is gone already while I'm still waiting for my funds to get enough blocks to clear...

At least I got already 11 Bitcents from just ~1 USD of referrals after a few trades! Smiley

https://bitfinex.com <-- leveraged trading of BTCUSD, LTCUSD and LTCBTC (long and short) - 10% discount on fees for the first 30 days with this refcode: x5K9YtL3Zb
Mail me at Bitmessage: BM-BbiHiVv5qh858ULsyRDtpRrG9WjXN3xf
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