BTC Arbitage

[adam9317]

Hi there,

Does anyone have any tips or is currently/ has done arbitrage.

Anyone who has any tips please reply or pm me.

Thanks

[pheaonix]

get a japanese bank account

[adam9317]

get a japanese bank account

Are you serious?

[jonanon]

get a japanese bank account

Are you serious?

Perhaps with a Japanese bank account you can withdraw for Gox. You may then be able to achieve your goal.

[cozytrade]

Perhaps with a Japanese bank account you can withdraw for Gox. You may then be able to achieve your goal.

Seriously it is better much than US bank account, but it still takes about 2 weeks to withdraw to a Japanese bank account from my experience. Also there is daily limit for withdrawal. It takes so long to turn around. Unfortunately there is no competitive JPY-BTC market as buyers. So you may need to have other currency bank account. Luckily I have USD, EUR, GBP, JPY and CAD banks and always comparing  But like other FX, sports betting or similar market, if you consider transfer cost and risk, discrepancy is diminishing immediately.
 
there is a contradiction,
= If you'd like to have big gain, you should have bunch of capital principal and patience.
= You'll be in trouble to turn around big capital limited by each transaction limit and time to transfer.

Now arbitrage is even difficult with those conditions. You'll need to follow one direction (increasing or decreasing BTC) in long trend after all.

[stretchwynand]

I've been watching the prices on www.cointrader.net, and because it's new with lower volume there have been some great arbitrage opportunities.

[bitpop]

Check my signature

[adam9317]

Check my signature

That is a good website but the usage is confusing!

[beacondelta]

I don't think arbitrage has to be in USD for you to make a profit on the trading concept. For instance, take a look at bitcoinwisdom and see the price differences in BTC and LTC between the exchanges - the differences are quite noticeable.

Here's an arbitrage example that I plan on doing: 
1. Buy BTC at Coinbase and move it to BTC-E.
2. At BTC-E, swap your BTC with LTC
3. Move LTC to another exchange like Crypto-Trade
4. At Cryto-Trade, swap LTC back to BTC
5. Move BTC back to BTC-E and repeat.

The goal is to slowly grow my BTC count, and then move back to Coinbase to cash out.

While I do this, I will be familiarizing myself with the commission fees and transfer fees for each exchange and calculate those fees into my equation. I'll also keep close attention to news at bitcointalk and coindesk about any troubles the exchanges might be having.

-BeaconDelta



 

[adam9317]

I don't think arbitrage has to be in USD for you to make a profit on the trading concept. For instance, take a look at bitcoinwisdom and see the price differences in BTC and LTC between the exchanges - the differences are quite noticeable.

Here's an arbitrage example that I plan on doing: 
1. Buy BTC at Coinbase and move it to BTC-E.
2. At BTC-E, swap your BTC with LTC
3. Move LTC to another exchange like Crypto-Trade
4. At Cryto-Trade, swap LTC back to BTC
5. Move BTC back to BTC-E and repeat.

The goal is to slowly grow my BTC count, and then move back to Coinbase to cash out.

While I do this, I will be familiarizing myself with the commission fees and transfer fees for each exchange and calculate those fees into my equation. I'll also keep close attention to news at bitcointalk and coindesk about any troubles the exchanges might be having.

-BeaconDelta



 

Only problem with your method is I calculated it and you wouldn't even make back your original amount put into coinbase. You would be a couple of $ short.