reflector
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June 12, 2017, 10:09:51 AM |
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Well, it is on every exchanger sometimes there is a difference in price. But it's all actually isn't something profit, because the difference is only different very thin and short. So when you are tempted to do it, I'm sure it's just a throw away a lot of time for you. So, it is better to focus on one point and then lined up on the right. Because if we use the trading with either already ascertained on the right will benefit
There is a lot of exchanger for us to used on but I don't think that trying a multiple exchanger will help us to earn. For me it is better to focus on just one or two exchanger when it come to trading. Because I in trading there is always a risk so when you do multiple trading in a multiple exchanger you just multiply the risk on every trading you hold. For me the bet way to manage your trading is to focus and to have a specific trading method so you will manage your trading with ease. I don't think it is much possible to maintain the multiple trading account in multiple exchanges. If have people along with you to maintain it all. You can do that. Profit is more possible in multiple exchange trading you can find more people would comes to you and sell out their coins.
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The_Dark_Knight
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June 13, 2017, 02:37:48 AM |
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Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
That is possible but the opportunity to do arbitrage trading is limited, you will need to have accounts in different exchanges and then sell in them, withdraw your money to fiat and then buy even more bitcoin, this is not as easy to do as you may think in the beginning.
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flipstyle
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June 13, 2017, 03:54:23 AM |
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Well, it is on every exchanger sometimes there is a difference in price. But it's all actually isn't something profit, because the difference is only different very thin and short. So when you are tempted to do it, I'm sure it's just a throw away a lot of time for you. So, it is better to focus on one point and then lined up on the right. Because if we use the trading with either already ascertained on the right will benefit
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riskthebiscuit
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June 13, 2017, 05:36:57 AM |
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sometimes you can find arb spots but its really not worth it to trade on multiple exchanges just for that reason. You should be trading on multiple exchanges because only some exchanges have certain coins. That way if you like a certain coin you will basically have access to all whereas if you trade only on say bittrex its about 200 coins not the 750 coins in circulation.
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VenceyBit
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June 13, 2017, 08:01:48 AM |
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Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
This is arbitrage, I don't often arb where as most of the wallets are in maintenance. But if there is a chance i will,but it has to have big spread. When wallets are good to transfer i usually buy and transfer small amount just to see if transferring coins from another exchange is fast.
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arwin100
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June 13, 2017, 08:07:46 AM |
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Most of the time there difference of price exists so do you withdraw bitcoins from one exchange and sell at higher rate exchange?
This is arbitrage, I don't often arb where as most of the wallets are in maintenance. But if there is a chance i will,but it has to have big spread. When wallets are good to transfer i usually buy and transfer small amount just to see if transferring coins from another exchange is fast. Well if you are trading with unknown exchange nor problematic ones surely you will get compromised for your arbitrage style of trading but if you select the bittrex,c-cex and liqui well im little bit sure that losses from doing this is so less, And you should do some little search first before doing that since their where times that wallet addy of certain coins have upgraded or need to be updated by their own devs thats why you can see them at maintenance state.
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target
Legendary
Offline
Activity: 2282
Merit: 1041
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June 13, 2017, 08:19:34 AM |
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I use to do arbitrage but it seem not worth doing if you only have few btc. Bitfinex, BTC-E and polo have a good difference of prices. Its just the buy orders that is to consider. Or maybe I don't know how to do it but it because its just me thinking like I have the most brilliant plan but then failed in the end.
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kulets
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June 13, 2017, 08:22:14 AM |
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so far i tried 2exchanger & 2-3 coins.. i just trying to find fast trader...
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shine1123
Sr. Member
Offline
Activity: 490
Merit: 250
🤖UBEX.COM 🤖
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June 13, 2017, 08:43:28 AM |
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Yes i do. I trade at multiple exchanges to find a good price that i want, because the volume of every exchanges is different and the price too. That's why i trade on multiple exchanges, some exchanger also have some benefit. Like someone always dump a coin on different time and the other exchange don't have like that.
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jeffytune (OP)
Full Member
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Activity: 140
Merit: 100
Peace not piece.
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June 13, 2017, 11:56:18 AM |
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Yes i do. I trade at multiple exchanges to find a good price that i want, because the volume of every exchanges is different and the price too. That's why i trade on multiple exchanges, some exchanger also have some benefit. Like someone always dump a coin on different time and the other exchange don't have like that.
Wow good observation of specific time for dumping. Which exchanges behave like this?
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Periodik
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June 13, 2017, 12:12:32 PM |
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Yes I do trades to many exchanges but right now maximum to five only. For the reasons that Poloniex coins are limited, sometimes Bittrex also do not have those coins and sometimes other exchanges have better volume.
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BitHodler
Legendary
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Activity: 1526
Merit: 1179
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June 13, 2017, 12:16:41 PM |
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I use to do arbitrage but it seem not worth doing if you only have few btc. Bitfinex, BTC-E and polo have a good difference of prices. Its just the buy orders that is to consider. Or maybe I don't know how to do it but it because its just me thinking like I have the most brilliant plan but then failed in the end.
In current days it's not really worth it anymore with the price sitting at current levels, so you do have a point there. In case of a $100 difference, you need to put $5400 on the table to buy 2BTC on one exchange, move these coins to the other, and then sell them there. In the meantime you must hope that the difference remains +-$100. After that you need to cash out the fiat, and have it sent back to your initial exchange. It's too much work for a tiny reward. Especially when you consider that the price can sink down with 10% easily in a matter of hours.
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BSV is not the real Bcash. Bcash is the real Bcash.
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kidmodo
Member
Offline
Activity: 79
Merit: 10
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June 13, 2017, 01:27:48 PM |
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Of course I trade in some bitcoin exchange, 1 local bitcoin exchange to facilitate me in taking cash, and 3 other exchanger that everyone knows that is, poloniex, yobit and bittrex, all three have their own advantages and disadvantages
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MiXxe
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June 13, 2017, 02:16:44 PM |
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so far i tried 2exchanger & 2-3 coins.. i just trying to find fast trader...
Fast trader or fast trade ? People who use more than one exchnages sometines do an arbitrage to earn money perhaps transferring funds from the main exchnage to one another takes time so you will on wait another time to sell it.
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coins4meh
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June 13, 2017, 02:51:32 PM |
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arbitrage trading isn't really worth the time and effort unless you are trading with a big amount. Personally I think the profit is too thin with <5 btc.
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johnwest
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June 13, 2017, 03:13:48 PM |
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arbitrage trading isn't really worth the time and effort unless you are trading with a big amount. Personally I think the profit is too thin with <5 btc.
Its worth it when you can trade from international to national exchanges. I heard that in many countries the difference will be more than 250-300$. It can profitable if you are fast enough and have the knowledge of using your money wisely.
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batang_bitcoin
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June 13, 2017, 07:35:11 PM |
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Yes I do trades to many exchanges but right now maximum to five only. For the reasons that Poloniex coins are limited, sometimes Bittrex also do not have those coins and sometimes other exchanges have better volume.
That's a lot and I can even only manage to trade at 2 places. I don't have enough time to check and monitor differences when it comes to the pricing to do such strategy from multiple exchanges but if I will have enough time, I think I'll do it just like what others are saying, it's profitable but you need to have a load of effort.
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javalemcgee
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June 13, 2017, 08:54:25 PM |
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In poloniex, I do my main trade in bitcoin and ethereum. In bittrex, I do token trade. In some other exchanges (if a token is not listed in polo or bittrex), I do token trade as well.
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Periodik
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June 13, 2017, 09:01:12 PM |
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Yes I do trades to many exchanges but right now maximum to five only. For the reasons that Poloniex coins are limited, sometimes Bittrex also do not have those coins and sometimes other exchanges have better volume.
That's a lot and I can even only manage to trade at 2 places. I don't have enough time to check and monitor differences when it comes to the pricing to do such strategy from multiple exchanges but if I will have enough time, I think I'll do it just like what others are saying, it's profitable but you need to have a load of effort. I don't do arbitrage with those 5 exchanges. It maybe profitable but not much especially for a person like me who's got a real job too. Before when I started trading I did some arbitraging but right now I stopped. I have too many coins to check rather than battle orders in exchanges to arbitrage.
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Danslip
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June 13, 2017, 09:12:33 PM |
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You learn a lot of things from trading. Never put all eggs in single basket. That's why after every bulk of trades i witdraw all my coins to my wallet address.
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