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EricGao (OP)
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August 01, 2017, 08:17:55 AM |
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Currently working on a small UI overhaul.
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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EricGao (OP)
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August 02, 2017, 01:40:17 AM |
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Added a landing page.
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xypos
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August 03, 2017, 07:01:14 AM |
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Have you ever thought about having like an automatic detector of when a coin deposit is down? Right now the situation with bitcoin cash means that a lot of exchanges has inflated price levels. It looks good on paper but really in reality it doesn't work at all.
That's the biggest problem with current arbitrage bots as well, most of the opportunities arent going to make you any money in practice.
Just a suggestion, efficient filtering will mean better results for users, and in the end will mean more users for you.
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EricGao (OP)
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August 03, 2017, 07:27:03 AM |
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Have you ever thought about having like an automatic detector of when a coin deposit is down? Right now the situation with bitcoin cash means that a lot of exchanges has inflated price levels. It looks good on paper but really in reality it doesn't work at all.
That's the biggest problem with current arbitrage bots as well, most of the opportunities arent going to make you any money in practice.
Just a suggestion, efficient filtering will mean better results for users, and in the end will mean more users for you.
I have some ideas on how to implement this actually. In the meanwhile, I've just urged users to ignore massive profit percentages as they are likely issues with a wallet that's down. Will start dev work on this soon, as it is a big time-waster to see opportunities you can't take advantage of. |
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EricGao (OP)
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August 03, 2017, 09:17:09 PM |
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Working on a wallet status filter.
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EricGao (OP)
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August 04, 2017, 10:34:44 PM |
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Wallet statuses are actually quite a pain to figure out. If anyone has any ideas on how to easily get the status from each exchange, let me know.
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EricGao (OP)
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August 05, 2017, 08:12:39 PM |
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I will be moving towards a subscription model soon and will no longer be offering lifetime membership. If you are interested in a lifetime account, now will be your only chance to get one.
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EricGao (OP)
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August 06, 2017, 09:03:32 PM |
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Added the Waves decentralized exchange.
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EricGao (OP)
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August 08, 2017, 04:53:00 PM |
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If anyone has pricing recommendations for a monthly subscription, I'm also happy to hear them out.
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EricGao (OP)
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August 09, 2017, 06:49:14 PM |
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Would there be interest for triangular trading?
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EricGao (OP)
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August 11, 2017, 05:53:18 PM |
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Sorry for anyone trying to reach the slack - I didn't know the link expired. Updated!
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EricGao (OP)
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August 13, 2017, 04:56:57 AM |
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Moving to a subscription based model as soon as coinbase approves my merchant account.
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EricGao (OP)
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August 14, 2017, 12:36:56 AM |
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Now also accepting ETH for payment.
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EricGao (OP)
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August 17, 2017, 02:19:29 AM |
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Finally, we are subscription based. The current price is 0.01 BTC per month, which I think is very very reasonable given the ROI of this tool.
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EricGao (OP)
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August 17, 2017, 08:36:32 PM |
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Added preset-saving to the app - you don't have to retype all the pairs you want anymore, you can just save them as a preset.
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EricGao (OP)
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August 18, 2017, 07:12:24 PM |
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I am considering a partnership with a good signal caller soon - you will have access to his blog and my tool at the same time.
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btcton
Legendary
 Offline
Activity: 1288
Merit: 1007
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August 18, 2017, 09:42:17 PM |
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For the record of both OP and anyone interested in buying this or similar products: The more people that use applications like this one, the less efficient they are going to become. Arbitrage works on using the difference in trading pairs to profit through immediate trading. The margins are very small and very time-sensitive. With a higher amount of users, the net gain from the trades will be less and less, potentially to the point at which the trade fees from exchanges can be higher than the gains themselves, resulting in a net loss. The more popular this is, the less likely you will break even given the cost of the program.
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The signature campaign posters adding useless redundant fluff to their posts to reach their minimum word count are lowering my IQ.
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EricGao (OP)
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August 22, 2017, 12:13:21 AM |
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I agree with the above statement but I think there are still plenty of opportunities given the number of combinations of coins and exchanges. I currently have around 7-8 paying members, so I would hardly call the space crowded still at least with my tool.
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btcton
Legendary
Offline
Activity: 1288
Merit: 1007
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August 22, 2017, 03:28:12 AM |
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I agree with the above statement but I think there are still plenty of opportunities given the number of combinations of coins and exchanges. I currently have around 7-8 paying members, so I would hardly call the space crowded still at least with my tool.
Well, the problem is it's not about how many people us the tool, it's about how many people use *any* kind of arbitration tool. The saturation in arbitration lies in the exchanges and their volume themselves. The difference between pairs of currencies in different exchanges and more complex paths between currencies or assets are then filled by those using any tool who have the fastest connection and can transact the fastest with the exchanges and their APIs. Even though your tool might not be crowded, the exchanges might be. |
The signature campaign posters adding useless redundant fluff to their posts to reach their minimum word count are lowering my IQ.
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