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Author Topic: cross-exchange trading  (Read 1569 times)
minerops
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June 28, 2011, 07:29:32 PM
 #1

wondering if anyone is successfully trading between the exchanges (mainly mt. gox and tradehill, buying on one, selling on the other) to make a few cents at a time...

any1?  Cool

JHJ 420
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Chucksta
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June 28, 2011, 09:06:10 PM
 #2

I haven't been, but am considering it. MtGox and Tradehill are currently both @ $17, while Bitcoin7 is @ $16
bitfon
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June 28, 2011, 09:12:12 PM
 #3

There were some big differences between Gox and TH a couple days ago, but they've been very close since then.

Hard to make much when TH is so shallow, and after paying commissions on both sides.

You'd need to keep a decent balance of both USD and BTC on each exchange, and periodically rebalance them.

Really requires automation which won't be possible until TH releases their API.

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k
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June 28, 2011, 10:58:22 PM
 #4

was thinking about it but haven't done it yet.

made this live google doc to make it easy to see which of the large exchanges is offering the best rate.

https://spreadsheets.google.com/spreadsheet/pub?key=0Arbegqx_2nKadElRaFlBYWljTURCMGl0R3prTkZsU2c&single=true&gid=1&output=html
minerops
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June 28, 2011, 11:18:03 PM
 #5

nice i like that live doc Smiley

happy 420 from cali

JHJ 420
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June 29, 2011, 01:23:05 AM
 #6

Enjoy it while you can, until the exchanges network with each other. Smiley

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KMBTC11
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June 29, 2011, 03:09:47 AM
 #7

Enjoy it while you can, until the exchanges network with each other. Smiley

This.  Arbitrage will be gone in a flash.

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June 29, 2011, 03:25:54 AM
 #8

Enjoy it while you can, until the exchanges network with each other. Smiley

What motivation would bitcoin exchanges have to network their open orders? 

For example, why would Mt Gox link with a lower volume competitor.  Arbitrageurs conduct transactions that are subject to exchange fees.  If arbitrage is no longer possible, then the exchanges lose that transaction volume.

More likely, larger exchanges will purchase smaller exchanges.
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