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Author Topic: BTC Trading - Buy using one Crypto Currency and sell in another ??  (Read 219 times)
gpsdnet
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June 12, 2017, 02:23:32 AM
 #1

Hello,

I see that on BTC Markets at https://coinmarketcap.com/currencies/bitcoin/#markets, the price for minimum price of BTC on Poloniex is $2312.84 for RIC/BTC, and the maximum price is $3162.67 for LSK/BTC.

Is there some way, one can buy at $2312.84 and sell at $3162.67, and pocket the difference ??
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sujonali1819
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June 12, 2017, 09:43:34 PM
 #2

Actually coinmarket cap shows only which is the last price.But in my openion when you log into these exchange you will find that there is no sell order at so far lower price.and you also find there is no maximum defference between high and low price sell order.

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AT101ET
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June 12, 2017, 10:49:58 PM
 #3

This is a form of arbitrage. Technically it would work although I'm pretty sure that most exchanges have practices in place that prevent you from being able to play the markets. That being said you could use more than one exchange to get the desired results although things could change (price fluctuations) in the time it takes to confirm and process the withdrawal.
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