Bitcoin Forum
November 06, 2024, 09:07:24 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Arbitrage test  (Read 569 times)
Syke (OP)
Legendary
*
Offline Offline

Activity: 3878
Merit: 1193


View Profile
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
Bitcopia
Hero Member
*****
Offline Offline

Activity: 715
Merit: 500



View Profile
September 05, 2013, 04:10:29 AM
 #2

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.
Syke (OP)
Legendary
*
Offline Offline

Activity: 3878
Merit: 1193


View Profile
September 05, 2013, 05:22:09 AM
 #3

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.

Buy & Hold
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!