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Author Topic: couldnt you buy at btc-e then sell at mtgox for profit?  (Read 1664 times)
Kinetic915
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April 24, 2013, 07:19:52 PM
 #1

despite the cost of transfer fees which are fairly minimal, couldn't you buy low at btc-e and sell high at mtgox for profit?


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April 24, 2013, 07:32:15 PM
 #2

TEchnically yes. And I'm sure some people have. But it's not as straight forward and profitable as you might think. First of all getting money into and out of both exchanges can be a pain, and the delays are hard to rely on. In the time it takes to transfer funds the fast-changing price of BTC can kick you in the butt.

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April 24, 2013, 07:32:31 PM
 #3

Buy low, sell high. That's the name of the game.  Wink

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Kinetic915
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April 24, 2013, 07:38:02 PM
 #4

Buy low, sell high. That's the name of the game.  Wink
within a single exchange you recommend then? 
is this tutorial recommended?
https://www.mybtc-trader.com/index.php/tutorial/31-mtgox-btc-to-btc-e-btc-in-50-seconds

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April 24, 2013, 07:40:08 PM
 #5

I believe (watched that before but can not right atm) that this ^^^ is no longer valid as it relied on coupons which made things x10000 easier but have recently been discontinued.


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Kinetic915
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April 24, 2013, 07:40:27 PM
 #6

any recommended tutorials on trading Cheesy

Kinetic915
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April 24, 2013, 07:44:44 PM
 #7

or threads and or tips and tricks to it?

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April 24, 2013, 08:01:53 PM
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or threads and or tips and tricks to it?

Sure, the book is short but there are two chapters Wink

Chapter One: Buy Low, Sell High
Chapter Two: Sell High, Buy Low

Seriously though, if there were a book and everyone traded by it, it wouldn't work :p

I tweet crypto nonsense: https://twitter.com/DunningKruger_
Kinetic915
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April 24, 2013, 08:03:34 PM
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or threads and or tips and tricks to it?

Sure, the book is short but there are two chapters Wink

Chapter One: Buy Low, Sell High
Chapter Two: Sell High, Buy Low

Seriously though, if there were a book and everyone traded by it, it wouldn't work :p

gotcha, is buying and selling instantaneous on btc-e?  Or very quick?

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April 24, 2013, 08:17:59 PM
 #10

I have an account with BTCe which I only use for Litecoin.

I am worried about the lack of liquidity for Bitcoin there and the impression the site gives is of an amateur effort.

Here is a post on the hack that happened at BTCe: https://bitcointalk.org/index.php?topic=96831.0

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