erre (OP)
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December 07, 2017, 06:27:51 PM |
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The current spread beetween gdax and bitfinex is astonishing (15.5k usd vs 17.6 k) , not to speak about Korean market (20+k).
Who is arbitraging the shit out of this?
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Murloc
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December 07, 2017, 06:39:19 PM |
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As I remember almost everytime the BTC rate on asian exchanges was much highet than on other ones. The profit from arbitraging was so obvious that I've never took it serious. Will be pretty interesting if someone will clerify those kind of stuff  P.S. I've heared on the news that on Nigerian (or other poor country) the BTC rates are alco much higher, but for I've never seen their exchanges listed somewhere. |
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pereira4
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Activity: 1610
Merit: 1183
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December 07, 2017, 06:41:30 PM |
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The current spread beetween gdax and bitfinex is astonishing (15.5k usd vs 17.6 k) , not to speak about Korean market (20+k).
Who is arbitraging the shit out of this?
Not me. Confirmation times are too slow to properly arbitrage, also fees. This may be the case for this to be happening. Also, im not sure what the verification process is on these exchanges, if it's not easy then it's not worth it. If you do this successfully please let us know how it went, if you can explain the process then I may try myself, but it can't be that easy, otherwise we all would be rich. |
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carlfebz2
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December 07, 2017, 06:48:54 PM |
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The current spread beetween gdax and bitfinex is astonishing (15.5k usd vs 17.6 k) , not to speak about Korean market (20+k).
Who is arbitraging the shit out of this?
Not me. Confirmation times are too slow to properly arbitrage, also fees. This may be the case for this to be happening. Also, im not sure what the verification process is on these exchanges, if it's not easy then it's not worth it. If you do this successfully please let us know how it went, if you can explain the process then I may try myself, but it can't be that easy, otherwise we all would be rich. The thing on here is that we do wait for the person who did make arbitrage on those times where he did able to make money on those spreads but I doubt no one would really able to post it out.Just like what others are mentioning here we cant still be sure on the verification on those sites which would really be a big problem when it comes on arbitraging we do know fast confirmations and fast pace transaction is mainly needed. One delay would cause out for you on not to gain some profits and worse would able to lose up on the amount you invested. |
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rodalutor
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Activity: 364
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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
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December 07, 2017, 07:08:13 PM |
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There are huge spreads on a lot of things but the spread tends to always take in to account the risk associated as well as the time, effort and cost of moving money from on exchange to the other. It's always a gamble if you arbitrage then as such. Personally I wouldn't risk it when the markets are moving so much as you can easily lose money.
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chukaday
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⚡ Property-secured P2P lending ⚡
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December 07, 2017, 07:12:31 PM |
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Almost everytime I have tried arbing it has hit me flat in the face with longer delays, confirmations, and withdraw maintenance. Websites generally know there is something wrong and if the price is too much they try and disable that wallet. Kinda stupid if you ask me but they are looking out for their best interests which is what everybody is doing so can't blame em really.
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dothebeats
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Activity: 3626
Merit: 1352
Cashback 15%
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December 07, 2017, 07:52:54 PM |
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I won't with the staggering fee and slow confirmation times, the market has already moved before your funds gets confirmed. It'd be cool if the confirmation times aren't really a PITA right now and I don't have much to lose on the fees. It's better to just focus on one exchange nowadays since you can still make money out of the trading action happening on that very exchange. The time it takes for the funds to confirm plus the fees make arbitraging with bitcoins unattractive.
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qiwoman2
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Activity: 2114
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Oikos.cash | Decentralized Finance on Tron
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October 17, 2018, 05:36:15 AM |
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I just joined the abot now for passive arbitraging and as soon as they release the mbot, hopefully in a few days, I am going to get ready to use that, but manual arbitraging even with the bot is a bit fiddly at first, because you need to put money in all the exchanges and upload the api keys to the platform and upload ARB token to use for gas, but it will probably bring in easy profits as a day trader every day creaming a few percent from the market. First, though I will build the abot income, when that make more than my living expenses, I will save to do the mbot as well for more aggressive trades and income potential.
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onrise
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October 17, 2018, 05:48:06 AM |
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Almost everytime I have tried arbing it has hit me flat in the face with longer delays, confirmations, and withdraw maintenance. Websites generally know there is something wrong and if the price is too much they try and disable that wallet. Kinda stupid if you ask me but they are looking out for their best interests which is what everybody is doing so can't blame em really.
This is where the benefit does not actually arise as withdrawal or deposit will take ages and by then market may fall and you would just be wasting time unless you have somebody who has account and in the same country can do it much quicker if possible form their end. |
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Bitcotalk
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October 18, 2018, 10:54:34 AM |
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The current spread beetween gdax and bitfinex is astonishing (15.5k usd vs 17.6 k) , not to speak about Korean market (20+k).
Who is arbitraging the shit out of this?
I am not doing it currently but I have done it in the past month or so, which really helped me out a bit. The price has fallen down too much too quickly and increased too much too quickly at the similar time periods so when I did from my countries fiat currency to fiat to dollar to my currency again it really pulled off great profits for me hence I was able to make profits even during low times of the market. If you could change fiat and withdraw fiat from all over the world somehow than you can profit from arbitrage big time, if you do dollar to bitcoin to another exchange to fiat again than you are not profiting enough even if you do, but if you do fiat to bitcoin to another fiat than you have a chance to profit big time in this swingy markets big time. |
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Sifon
Jr. Member
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Activity: 112
Merit: 2
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October 18, 2018, 12:55:25 PM |
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The current spread beetween gdax and bitfinex is astonishing (15.5k usd vs 17.6 k) , not to speak about Korean market (20+k).
Who is arbitraging the shit out of this?
Arbitraging to me is a dangerous game as you could get stuck easily. A friend once got stuck on an exchange (cryptopia I think) because he saw the price of a coin being very cheap on there, and so he thought to buy and sell on Bitfinex. He bought the coins and could not withdraw, because the withdraw button was inactive at the time. |
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Globalbitcoinl
Jr. Member
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Activity: 182
Merit: 1
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October 30, 2018, 05:04:35 PM |
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this is called arbitrage, if you are willing to make money on it, then you need lightning fast transactions, otherwise it will not be profitable
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charlotte04
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November 20, 2018, 12:39:05 PM |
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The current spread beetween gdax and bitfinex is astonishing (15.5k usd vs 17.6 k) , not to speak about Korean market (20+k).
Who is arbitraging the shit out of this?
At the time like this. No one wants to do arbitraging because of the sudden price drop that may end up to another drop in the future. |
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shiming
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November 20, 2018, 12:59:10 PM |
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The last few days. The fluctuations are great. It takes a long time to charge between the two exchanges, and the market may continue to fall during recharge. So it is not recommended to do so.
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bitcoinisbest
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November 20, 2018, 01:05:26 PM |
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The last few days. The fluctuations are great. It takes a long time to charge between the two exchanges, and the market may continue to fall during recharge. So it is not recommended to do so.
This is huge gap between such exchanges but one need to be careful and understand that how much time will it take currently to deposit and withdraw the money as exchanges with be flooded with request as everyone would like to take the pie of it. It should not happen that your money gets struck and by the time it is deposited the market has already bounced back and not really worth buying later. |
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Joand_or
Newbie
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Activity: 32
Merit: 0
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November 24, 2018, 09:34:56 AM |
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The last few days. The fluctuations are great. It takes a long time to charge between the two exchanges, and the market may continue to fall during recharge. So it is not recommended to do so.
Right now, this change doesn’t seem good to sellers. A big population was waiting for the high jumps from bitcoin in these days. But it seems bitcoin isn’t giving them a happy scenario. |
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clonely
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Activity: 490
Merit: 10
SEND AND RECEIVE MONEY INSTANTLY
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November 24, 2018, 09:40:28 AM |
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In my country, high amount of money transfers can sometimes be a problem. Therefore, we do not have the chance to make arbitrage.
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sunsilk
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November 24, 2018, 11:35:02 AM |
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In my country, high amount of money transfers can sometimes be a problem. Therefore, we do not have the chance to make arbitrage.
The fact that arbitraging now is riskier, you get to stuck up with the confirmation if something delays your transaction especially if its exchange>exchange. You'll end up in the worse position of losing more money and getting it stuck to another exchange. I never did this before but few years ago, I've seen people are rushing to do this from different exchanges where they are confident that they'll make it on the right time. But that's it, arbitrage trading isn't recommended anymore. |
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wuvdoll
Legendary
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Activity: 1442
Merit: 1025
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November 25, 2018, 08:34:58 AM |
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I have tried doing it during these low times but not arbitrage like we know. I have been using my local exchange because it allows me to do fiat currency exchange between bitcoin, ethereum, litecoin and so forth whereas all other places gives me us dollar tokens and so forth which I can't withdraw to my account. Now that my fiat currency is also pegged with dollar I can know how much bitcoin worth in dollars and how much it worth in my local currency and calculate the dollar-local fiat exchange rate as well.
There was a time where the dollar value of bitcoin dropped insanely lately whereas the local currency version was still a bit above those levels in exchanges so I sold all my bitcoins at once and waited until the local exchange rates followed the dollar exchange rates and rebought all my bitcoins. It was still a loss overall because bitcoin dropped but I lost less thanks to it.
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crypteris
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Activity: 159
Merit: 0
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December 03, 2018, 02:16:28 PM |
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Nowadays arbitraging is considered indeed a profitable way of earning cryptocurrency. It doesn’t require a lot of investment but your time instead. And then special bots now helps to save some time. The crypto market is still developing so and arbitraging is still accurate. Such trading is risky, but the risk can be minimized possessing corresponding skills. However, it’s not so easy like it seems at first view. You need to estimate the cost-effectiveness of arbitraging because the fees you pay for deposit and withdrawal on several exchanges can be larger than the profit. And you need to take into account other circumstances like time of the transfer from one exchange to another that can be critical regarding cryptocurrency’s volatility.
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