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Author Topic: Arbitrage test  (Read 497 times)
Syke
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September 05, 2013, 02:28:56 AM
 #1

I had some USD on CampBX and some BTC on MtGox, so I thought I'd do my part at lowering the spread between CampBX and MtGox.

Bought 8.6 btc @ $116.00 on CampBX for $1003
Sold 8.6 btc @ $128.49 on MtGox for $1098
Profit: $96

Although now my USD is stuck in the black hole that is MtGox, but hey, I did my part!

Buy & Hold
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Bitcopia
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September 05, 2013, 04:10:29 AM
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Haha good job. And assuming Mt Gox doesn't prove insolvent, you'll be $96 richer. Well, actually when you subtract wire fees, more like $25 richer.
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September 05, 2013, 05:22:09 AM
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Way back when wires worked, they were costing about $30. So I'll wait until I have a few more transfers and do them all for a single wire cost.

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