thefunkybits
Legendary
 Offline
Activity: 1218
Merit: 1000
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August 24, 2013, 12:35:48 AM |
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Semi - Excited for the Satoshi Dust payout this evening.
VERY excited to see that the # of shares up for sale on BTCT has dropped below 200K and the BTC up for bid has been rising steadily for the past few days.
Positive News is imminent.
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Vigil
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August 24, 2013, 01:01:32 AM |
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how big does the gap between bitfunder and btct have to be for people to start arbitraging lol
You can't conduct arbitrage between BitFunder and BTC-TC. In order for arbitrage to work you would need to be able to transfer shares between the exchanges, otherwise it is completely pointless. Makes no sense to talk of arbitrage in this situation. |
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VolanicEruptor
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August 24, 2013, 01:27:10 AM |
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how big does the gap between bitfunder and btct have to be for people to start arbitraging lol
You can't conduct arbitrage between BitFunder and BTC-TC. In order for arbitrage to work you would need to be able to transfer shares between the exchanges, otherwise it is completely pointless. Makes no sense to talk of arbitrage in this situation. That's what I said but a much shorter version!  |
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kleeck
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August 24, 2013, 01:31:06 AM |
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how big does the gap between bitfunder and btct have to be for people to start arbitraging lol
You can't conduct arbitrage between BitFunder and BTC-TC. In order for arbitrage to work you would need to be able to transfer shares between the exchanges, otherwise it is completely pointless. Makes no sense to talk of arbitrage in this situation. I outlined above how you can take advantage of the price on BF. Be sure to take fees into consideration. If the spread is wide enough you net a nice increase in shares for the same BTC. |
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pheaonix
Sr. Member
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Activity: 392
Merit: 250
http://casinobitco.in/ A+ customer support
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August 24, 2013, 01:40:21 AM |
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how big does the gap between bitfunder and btct have to be for people to start arbitraging lol
You can't conduct arbitrage between BitFunder and BTC-TC. In order for arbitrage to work you would need to be able to transfer shares between the exchanges, otherwise it is completely pointless. Makes no sense to talk of arbitrage in this situation. I outlined above how you can take advantage of the price on BF. Be sure to take fees into consideration. If the spread is wide enough you net a nice increase in shares for the same BTC. this is what i meant. for people going long, 15% more shares sounds pretty nice |
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redmetal
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August 24, 2013, 01:43:15 AM |
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how big does the gap between bitfunder and btct have to be for people to start arbitraging lol
You can't conduct arbitrage between BitFunder and BTC-TC. In order for arbitrage to work you would need to be able to transfer shares between the exchanges, otherwise it is completely pointless. Makes no sense to talk of arbitrage in this situation. I outlined above how you can take advantage of the price on BF. Be sure to take fees into consideration. If the spread is wide enough you net a nice increase in shares for the same BTC. this is what i meant. for people going long, 15% more shares sounds pretty nice Exactly, I moved all of mine across and have gained a lot of shares  and with the new update on BTCT id rather be on Bitfunder for these. |
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Vigil
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August 24, 2013, 03:05:27 AM |
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how big does the gap between bitfunder and btct have to be for people to start arbitraging lol
You can't conduct arbitrage between BitFunder and BTC-TC. In order for arbitrage to work you would need to be able to transfer shares between the exchanges, otherwise it is completely pointless. Makes no sense to talk of arbitrage in this situation. I outlined above how you can take advantage of the price on BF. Be sure to take fees into consideration. If the spread is wide enough you net a nice increase in shares for the same BTC. You didn't outline anything other than transferring your Bitcoin over to another exchange and buying shares at a different price, you gain no advantage. Arbitrage is when there is a price difference in two markets and you purchase an item in the market with the cheaper price and transfer it over to the other market and sell at a higher price. Then you take that money and travel to the cheaper market and repeat - this continues until the prices are the same in both markets. You are not describing arbitrage, you are describing nothing. |
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kleeck
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August 24, 2013, 03:24:39 AM |
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how big does the gap between bitfunder and btct have to be for people to start arbitraging lol
You can't conduct arbitrage between BitFunder and BTC-TC. In order for arbitrage to work you would need to be able to transfer shares between the exchanges, otherwise it is completely pointless. Makes no sense to talk of arbitrage in this situation. I outlined above how you can take advantage of the price on BF. Be sure to take fees into consideration. If the spread is wide enough you net a nice increase in shares for the same BTC. You didn't outline anything other than transferring your Bitcoin over to another exchange and buying shares at a different price, you gain no advantage. Arbitrage is when there is a price difference in two markets and you purchase an item in the market with the cheaper price and transfer it over to the other market and sell at a higher price. Then you take that money and travel to the cheaper market and repeat - this continues until the prices are the same in both markets. You are not describing arbitrage, you are describing nothing. I'll give you an example to help you understand the advantage: Lets say I sell 100 shares on BTCT for the current price .0056. That's .56 total. I take the .56, and drop it on BF and buy as many shares as possible with that same value (less fees). BF is @ .0045 so I can get ~124 shares with that same amount of BTC. The advantage is clearly in holding an extra 20 some shares for no extra cost. I've done this a number of times simply to increase my holdings in ActM at no cost other than the time to move the funds and place the orders. Hope that helps! |
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VolanicEruptor
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August 24, 2013, 03:28:40 AM |
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If you trade 1 $10 bill for 2 $5 bills,
you still have 10 bucks, son.
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statdude
Legendary
Offline
Activity: 1498
Merit: 1000
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August 24, 2013, 03:35:53 AM |
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how big does the gap between bitfunder and btct have to be for people to start arbitraging lol
You can't conduct arbitrage between BitFunder and BTC-TC. In order for arbitrage to work you would need to be able to transfer shares between the exchanges, otherwise it is completely pointless. Makes no sense to talk of arbitrage in this situation. I outlined above how you can take advantage of the price on BF. Be sure to take fees into consideration. If the spread is wide enough you net a nice increase in shares for the same BTC. You didn't outline anything other than transferring your Bitcoin over to another exchange and buying shares at a different price, you gain no advantage. Arbitrage is when there is a price difference in two markets and you purchase an item in the market with the cheaper price and transfer it over to the other market and sell at a higher price. Then you take that money and travel to the cheaper market and repeat - this continues until the prices are the same in both markets. You are not describing arbitrage, you are describing nothing. I'll give you an example to help you understand the advantage: Lets say I sell 100 shares on BTCT for the current price .0056. That's .56 total. I take the .56, and drop it on BF and buy as many shares as possible with that same value (less fees). BF is @ .0045 so I can get ~124 shares with that same amount of BTC. The advantage is clearly in holding an extra 20 some shares for no extra cost. I've done this a number of times simply to increase my holdings in ActM at no cost other than the time to move the funds and place the orders. Hope that helps! No experience with ACTM but made TON arbing AM from BTCT ---> BF. Strategy is simple. You don't need to transfer back. You move to BF when there's a big spread, because BitFunder always catches up at times of low volatility. Oops, cat's out the bag. |
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VolanicEruptor
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August 24, 2013, 03:37:29 AM |
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You sounded convincing until you said,
"Oops, cats out of the bag!"
You should have just said,
"Just trying to pump up my BF shares, kthnx!!"
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TsuyokuNaritai
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August 24, 2013, 03:47:53 AM |
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You sounded convincing until you said,
"Oops, cats out of the bag!"
You should have just said,
"Just trying to pump up my BF shares, kthnx!!"
+1. ActM shares always seem to be far more expensive on btct than bitfunder, whatever the volitility. |
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kleeck
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August 24, 2013, 03:59:38 AM |
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If you trade 1 $10 bill for 2 $5 bills,
you still have 10 bucks, son.
You're confused about the purpose of these moves. I want to hold more shares of ActM. This nets more shares if done at the proper price spread. I'm a bit baffled that this is a point of discussion... It's not rocket science. If you want to hold more ActM, then the moves I described can bring about that end AND it could bring the price of BF and BTCT closer. I believe I've made my point plenty clear. I won't cater to anymore filibustering on this topic. Thanks, guys. |
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VolanicEruptor
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August 24, 2013, 04:13:45 AM |
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You're assuming all shares are worth the same. Obviously one share is worth more than the other share.
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MilkyLep
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August 24, 2013, 05:07:22 AM |
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I'd prefer to increase my shareholdings once those "satoshi dust" dividends become more substantial.
It doesn't matter how many instances or ways you explain something, we all have different methods and opinions.
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FloatesMcgoates
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August 24, 2013, 05:11:19 AM |
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If you trade 1 $10 bill for 2 $5 bills,
you still have 10 bucks, son.
You're confused about the purpose of these moves. I want to hold more shares of ActM. This nets more shares if done at the proper price spread. I'm a bit baffled that this is a point of discussion... It's not rocket science. If you want to hold more ActM, then the moves I described can bring about that end AND it could bring the price of BF and BTCT closer. I believe I've made my point plenty clear. I won't cater to anymore filibustering on this topic. Thanks, guys. VolcanicEruptor paid several thousand dollars to have his shares transferred from bitfunder to BTCT, so you are speaking to someone with substantial cognitive dissonance on the matter. Of course it is better to have more shares at the lower price if you believe that ActiveMining will be highly successful in the future with dividends, there is no discussion. In any case, the price of this stock will likely go down over the next few days as Labcoin is constantly pouring in the good news while ActiveMining seems to be stagnant on the press release side of things. (The false reports of an eAsic joint press conference doesn't help things at all) |
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VolanicEruptor
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August 24, 2013, 05:24:23 AM |
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It wasn't arbitrage. It was preference for a better exchange. I didn't profit from it. People with a lot of shares will prefer BTCT mainly for its higher liquidity. If you have less than 100,000 it's pointless because it's all relative in the end.
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VolanicEruptor
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August 24, 2013, 05:26:38 AM |
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If you don't believe me, go ahead, be a BTCT/BF arbitrage professional. Quit your day job and live the American dream...  |
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FloatesMcgoates
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August 24, 2013, 05:27:49 AM |
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It wasn't arbitrage. It was preference for a better exchange. I didn't profit from it. People with a lot of shares will prefer BTCT mainly for its higher liquidity. If you have less than 100,000 it's pointless because it's all relative in the end.
So you simultaneously maintain the stance that 1 share on BTCT is worth more than 1 share on Bitfunder and also the stance that you did not profit from transferring shares from Bitfunder to BTCT, heh. Anyway, I do not see why you are arguing with that guy about buying shares on bitfunder or btct, it really doesnt effect anyone yet you are picking a fight for no reason. |
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VolanicEruptor
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August 24, 2013, 05:31:38 AM |
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It wasn't arbitrage. It was preference for a better exchange. I didn't profit from it. People with a lot of shares will prefer BTCT mainly for its higher liquidity. If you have less than 100,000 it's pointless because it's all relative in the end.
So you simultaneously maintain the stance that 1 share on BTCT is worth more than 1 share on Bitfunder and also the stance that you did not profit from transferring shares from Bitfunder to BTCT, heh. Anyway, I do not see why you are arguing with that guy about buying shares on bitfunder or btct, it really doesnt effect anyone yet you are picking a fight for no reason. Higher liquidity, that's the only advantage. Period. I said trading a $10 bill for 2 $5 dollar bills isn't going to gain you any kind of special advantage. People keep talking about arbitrage as if its a get rich quick scheme, but it's not like that at all.. |
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