Bitcoin Arbitrage

[Koko89]

I was thinking that i can arbitrage to my country market BTC VS Crpytopia

and this is my calculation :

This is BTC market from Crpytopia it's about : 2386

http://imgur.com/a/nUefq

this  is my BTC market in my coun[/img]try it's around 35million IDR change it to USD : 2689.89

http://imgur.com/2FWir9g


Between 2 market i can get instant profit : 303.89 Dollar per BTC

that's mean i can get profit of 12.7% every time i invest.
is that worth it ?

[theroryshow]

Depends on how much it costs you to do the actual exchange. have you calculated how much it will cost to buy from one exchange then send to your wallet, then send to another exchange, and then convert to FIAT? That would definitely cut into your profit. However, if you can make 5% profit each time, might be worth it to you.

[Iranus]

At first sight, yes.  However there are some factors that you don't seem to have considered:

-Exchange fees and fees for dealing with fiat.

-The amount of time that it would take each time and the fluctuations in the prices during that time.

-The spread between the buy and sell prices.

Often with less trustworthy/reliable exchanges like Cryptopia, there could be issues as well.  Often with arbitrage like this there are a lot of things which result in a big delay for you doing this, and you don't get as much profit as you expected.  However, even a profit of 5% would be giant from any normal measurements.  Good luck.

[BrewMaster]

i can't see the first picture it probably was deleted.
but to my knowledge cryptopia doesn't have a fiat market. so what you are seeing is probably USDT not USD so don't use the dollar sign ($) for its price. and be careful with it because it is an altcoin which should be worth $1 each but sometimes it drops hard.

also make sure to check the size of the buy orders not just their prices.

[mobnepal]

If you can do this than it is really profitable because you will get over 10% in pure profit. But you should be aware of any fees those market might have in deposit and withdrawals, also time needed for you to send your fiat and bitcoin between them.

[PokerDiceMan]

I was thinking that i can arbitrage to my country market BTC VS Crpytopia

and this is my calculation :

This is BTC market from Crpytopia it's about : 2386



This is my BTC market in my country it's around 35million IDR change it to USD : 2689.89




Between 2 market i can get instant profit : 303.89 Dollar per BTC

that's mean i can get profit of 12.7% every time i invest.
is that worth it ?

bitcoin arbitrage is very dificult
because about calculation withdraw fee fiat money , and how long duration deposit and withdraw use fiat money

[2bfree]

this is way of a to hard method to make money plus moving all this month back and forth will get some low level idiot at the achange to freeze your account in the name of "protecting" you or some shit like that. I think trading is way more profitable then arbitrage (I think).

[arpon11]

Over 11% profit including exchangers charges and your local bank is fair enough if you can do this two times daily. Arbitrage is one way one can make huge profit in trading if you know how it works and if you calculate the charges first.

[ASHLIUSZ]

Arbitrage trading is not the one that is possible everywhere. This happens depending on the location of the service rendered, importantly most of the time the variation over the east Asian locatity and the rest of the country provides a better profiting chance through trading even after all exchange charges.

[Koko89]

At first sight, yes.  However there are some factors that you don't seem to have considered:

-Exchange fees and fees for dealing with fiat.

-The amount of time that it would take each time and the fluctuations in the prices during that time.

-The spread between the buy and sell prices.

Often with less trustworthy/reliable exchanges like Cryptopia, there could be issues as well.  Often with arbitrage like this there are a lot of things which result in a big delay for you doing this, and you don't get as much profit as you expected.  However, even a profit of 5% would be giant from any normal measurements.  Good luck.

The fee indeed is very damn fucking high.
but i can buy USDT for it.

technically i will buy USDT first then transfer it to crpytopia buy btc and transfer it again to my country BTC market.

USDT might be the answer of fee.
USDT only cut me off 0.5% off fee
then withdraw money from my country is damn cheap only 25k IDR change it to usd it least then 2 dollar


Price UPDATE 6/4/2017  6:25 PM GMT +12 Indonesia

Crpytopia Market : 2388 USDT
Local Indonesian Bit coin Market : 36 million IDR transfer it to usd :  2716.22 USD        transfer it to USDT : 2.637

Proft : 14.123% per transaction.


Please give me a advice  about this.

[Koko89]

i can't see the first picture it probably was deleted.
but to my knowledge cryptopia doesn't have a fiat market. so what you are seeing is probably USDT not USD so don't use the dollar sign ($) for its price. and be careful with it because it is an altcoin which should be worth $1 each but sometimes it drops hard.

also make sure to check the size of the buy orders not just their prices.

Yea i know.
USDT is might be the answer of high fee and the only way to transfer it crptopia

as far as i know USDT won't drop that much.

Probably when i really have the USDT i will wait the price till drop around 2200 of USDT in crpytopia market
however Indonesian BTC market is expensive though if i can make a conclusion indonesian market is the most expensive BTC market right after korea.

Price UPDATE 6/4/2017  6:25 PM GMT +12 Indonesia

Crpytopia Market : 2388 USDT
Local Indonesian Bit coin Market : 36 million IDR transfer it to usd :  2716.22 USD        transfer it to USDT : 2.637

Proft : 14.123% per transaction.


Please give me a advice  about this.

[FractalUniverse]

if you think its doable, try it with smaller amount, like 0.1 btc first and you will see

[Koko89]

if you think its doable, try it with smaller amount, like 0.1 btc first and you will see

Ahahahhaha my money is less then 0.1 BTC and it's kill's me 

[FractalUniverse]

I see. note that lower amounts will require higher fees relative to amount transferred/exchanged. it will cut into your possible arbitrage profits as well.

[Koko89]

I see. note that lower amounts will require higher fees relative to amount transferred/exchanged. it will cut into your possible arbitrage profits as well.

Exactly !!

i think i will tryna save all of my profit in normal trading  till make it 10 million IDR it's around 752 USD it's around 0.3 btc

i will earn more profit and fee isn't my problem anymore.

is this a good way ?

[FractalUniverse]

i dont know as i never used these 2 exchanges.
but to do arbitrage correctly and safely you would need to have funds on both exchanges. when you buy BTC on one, you sell it on the other to fix the price (fluctuation can kill your arbitrage during time needed for transfer to the other exchange).

+you can also consider hedging against fluctuation of your country currency and USD, but its not that necessary as the fluctuation there is not that big.

[senyorito123]

I was thinking that i can arbitrage to my country market BTC VS Crpytopia

and this is my calculation :

This is BTC market from Crpytopia it's about : 2386

http://imgur.com/a/nUefq

this  is my BTC market in my coun[/img]try it's around 35million IDR change it to USD : 2689.89




Between 2 market i can get instant profit : 303.89 Dollar per BTC

that's mean i can get profit of 12.7% every time i invest.
is that worth it ?

Be carefull upon executing an arbitrage style of trade since many people lose their money for some matters but if you can take the risk upon doing it well maybe you can get more benifit unto it since as we know each site got different price stamp and It could be your chance to earn if you are fast enough to press the button upon doing some trades on both sites.

[Koko89]

i dont know as i never used these 2 exchanges.
but to do arbitrage correctly and safely you would need to have funds on both exchanges. when you buy BTC on one, you sell it on the other to fix the price (fluctuation can kill your arbitrage during time needed for transfer to the other exchange).

+you can also consider hedging against fluctuation of your country currency and USD, but its not that necessary as the fluctuation there is not that big.

this is the risk when i do an arbitrage.
fluctuation can strongly kill me i understand that

[Koko89]

I was thinking that i can arbitrage to my country market BTC VS Crpytopia

and this is my calculation :

This is BTC market from Crpytopia it's about : 2386

http://imgur.com/a/nUefq

this  is my BTC market in my coun[/img]try it's around 35million IDR change it to USD : 2689.89

http://imgur.com/2FWir9g


Between 2 market i can get instant profit : 303.89 Dollar per BTC

that's mean i can get profit of 12.7% every time i invest.
is that worth it ?

Be carefull upon executing an arbitrage style of trade since many people lose their money for some matters but if you can take the risk upon doing it well maybe you can get more benifit unto it since as we know each site got different price stamp and It could be your chance to earn if you are fast enough to press the button upon doing some trades on both sites.

Thank's for the advice.

This month i always see the crpytopia vs my Indonesian market Exchange.

i got a conclusion  : with that 1 month i really focusing on. there will be always a difference price between those exchange at least 200 dollar.
another conclusion is : South east asia market is really expensive in BTC since there is no one mining it. specially my country, but some Export or Import between my country to another country using Bitcoin. so i can see here i have a problem in my own country and i can make profit about it.

According to my bitcoin experience  Indonesian market is the second most expensive after korea.


About the time transfer btc between another wallet i already try it between bitfinex and my country market.
it take up to 20 minutes to do it.

this is the only risk.

As i know (is my opinion thought ) the market of BTC will change up or down in 15 minutes. so there is only one shot up or down between 1 transaction. ( you know what i mean ? ) i'm sorry. i can speak english but it's to damn hard to say what i mean.

[FractalUniverse]

Bitfinex was fast, because they were paying certain transaction fees amounts, to make transactions fast. According to announcement i received from bitfinex on friday, they will start charging BTC withdrawal fees soon. So thats additional cost you have to consider, should be $2- $2.50 per withdrawal:

Up to now, Bitfinex has never charged users for these Tx Fees, as the amounts involved were relatively small. In the last two years, the fees for Bitcoin transactions, in particular, have significantly increased. At the time of writing, the recommended Tx Fee to have a Bitcoin transaction included in the next mined block is 420 satoshis/byte. For the median transaction size of 226 bytes, this results in a fee of 94,920 satoshis - about $2.20 at the current Bitcoin price.

Our users make thousands of transactions from our platform every day. The costs involved in sending all these transactions have increased to a point where we find ourselves forced to start charging our users the transaction fees.
....
On Monday, June 05, we will be updating the withdrawals interface to allow users to monitor the current Tx Fee assessed to cryptocurrency withdrawals.