Bitcoin arbitrage

[fuckoffbanks]

Has anybody tried bitcoin arbitrage between exchanges?
I see many opportunities EUR, USD, CNY to BTC. I already tried it with small money and it worked.

Is it possible to make 5% profit monthly?

[calkob]

I have to be honest i haven't thought about it before but it is def something to look into.  What exchanges you using and is that even after fees?

[gilangIDR]

is currently very difficult to do arbitrage. exchange price difference is not too far away. so that the benefits will only be discharged at a cost of inter-exchange shipping fee. it would not be profitable.

[xdrpx]

I have tried it twice and succeeded twice using upholdco's platform to convert my BTC to USD when I feel the price is falling, after it has fallen a lot and I see signs of it rising a bit, I convert my USD back to BTC. this worked good twice, but I wasn't willing to take the risk again cause it's again a gamble based on the price of the BTC, considering these days BTC price is pretty stable and would require a large amount to even benefit from small arbitrages.

[fuckoffbanks]

Yes, prices are quite stable this times

Now, you can see Bitstamp 614, Bfx 619. If you do it with large volume you should make a profit although there are fees

[klaaas]

With some more risk you could pick a chineese exchange to get more profits because they swing more

[eternalgloom]

Wouldn't it be profitable if you're using an arbitrage bot for this?
Here's an example:
https://www.haasonline.com/features/

Never used it myself, but I know that this one has been discussed and tested thoroughly

[fuckoffbanks]

anybody else has experience with arbitrage?

hassbot I bought license but did not run it

[hasiramasenju]

i had been did this once time and didn't got profit from that because i start it with small amount of btc and my main problem is withdrawal fee and confirmations of transactions is too long to other exchange since that i would never do that again because there no benefit for doing arbitrange for me

[SimpeleSimpele]

trading profit target only 5%/month is easy
if you trade bitcoin only use strategy averaging every buy not all in

[MONKEYJUNK]

It's hard to make money with arbitrage...
Put 50/50 in two exchanges

And keep buying/selling in boths based in the prices, one side will grow.
and be careful with fees.

[pooya87]

one thing is for sure, if it was profitable then definitely a lot of traders would have been doing it already. something that you find randomly is what experienced traders already know how to use.

[amacar2]

You may make few profits however you need to have very large amount of bitcoin as well as fiat in different exchangers. The main problem will be to withdraw profit as due to fees you may have to pay what you have earned in fees. For example, selling bitcoin in yobit can be profitable as price is always few % higher than other exchangers however when you try to withdraw fiat they charge atleast 3% to perfectmoney after that you will get just market price for your bitcoin.

[Wind_FURY]

In doing arbitrage you have to be very fast. I believe there maybe some traders already doing this using their bots. Everything should be synchronized and precise of you want to make money doing this and you should have a large amount to do it with or else it will not be worth it.

[Golftech]

In doing arbitrage you have to be very fast. I believe there maybe some traders already doing this using their bots. Everything should be synchronized and precise of you want to make money doing this and you should have a large amount to do it with or else it will not be worth it.

thats right being actively online a frequent as you can or use a bot to deal with but in order to profits good amount you needed to have big capital if you are just targeting 5% i guess it can be achieved i personally not doing it since i dont have that capital yet but for me if you can get it in the right timing you will able to achieve.

[ipanks]

i have this experience but the problem is we are waiting for the confirming of the transaction and when its done, the price its already get down and we can't sell for a good price.

[1Referee]

I have been using BTC-E as a great arbitrage exchange since it was like $10 $15 lower than other exchanges quite often. Right now they seem to catch up quickly, and thus this advantage is gone for me.

[Herbert2020]

it is all about the "fees" you have to pay. so sometimes even a seemingly big difference between the prices on exchanges is really the same thing and it will be balanced out fast enough if you give it time.

and don't look at some dead exchange service that is showing the bigger difference. they are dead for a reason and that order was created a long time ago and they usually are so small in volume.

[bitbunnny]

Arbitrage trading could be very profitable. But right now that isn't the case because there are not big differences in BTC prices on various exchangers, and that is the precondition for arbitrage. More or less they are prety equal so I think your chances for profit, even 5% a month are very small.

[davis196]

Has anybody tried bitcoin arbitrage between exchanges?
I see many opportunities EUR, USD, CNY to BTC. I already tried it with small money and it worked.

Is it possible to make 5% profit monthly?

I think the profit will be too small and you need big amount of funds

in order to make it work.I haven`t tried this,but it might work with a big investment.