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Author Topic: ARBITRAGE FOR ''BEGINNERS''?  (Read 190 times)
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October 25, 2019, 03:42:41 PM
Merited by OgNasty (1)
 #1

As i beginner i meant someone who's been trading for around half a year now (not day-trading).
Are arbitrage tools necessary or do they just make your life easier and which sites offer them?
Arbitrage was never to interesting to me but i've talked with a friend who's making a decent profit out of it (at least that is what he said...)
Thanks for help!

“If you personalize losses, you can’t trade.” – BK
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October 25, 2019, 03:50:52 PM
Merited by OgNasty (1)
 #2

If you see a opportunity then just grab it which is the basic rule of arbitrage,I am not much sure about the tools and guides needed for it because the price change is constant and profitable changes in prices on different exchange may not happen everyday.

And you even didn't tried to day trade which is more risky but arbitrage is riskiest form of any trading methods.

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October 25, 2019, 04:08:59 PM
 #3

As i beginner i meant someone who's been trading for around half a year now (not day-trading).
Are arbitrage tools necessary or do they just make your life easier and which sites offer them?
Arbitrage was never to interesting to me but i've talked with a friend who's making a decent profit out of it (at least that is what he said...)
Thanks for help!


There are many sites that offer arbitrage tools if we are thinking about the same thing. One of the projects I ve been tracking from the beginning is offering arbitrage tool, unfortunetly is payable, but i think it could be usefull. https://bitcointalk.org/index.php?topic=5187554.0
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October 25, 2019, 04:49:55 PM
Merited by OgNasty (1)
 #4

I doubt your friend is making a decent amount of money.
If the spread between exchanges is big, probably you will be trading in a shady exchange (with low volume, possible financial problems)

So the shady exchanges might have problems and may lose your BTC in the arbitrage, there is a risk

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October 25, 2019, 05:03:05 PM
 #5

Trust me, arbitrage is harder than you think. I Personally have ever tried to do it. I would rather do day trading probably margin trading at a small leverage may x2 Max. You can get decent profits in there if you make decent calls especially on days the market has been trendy like today(you can even do x10 on such days).


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October 25, 2019, 05:47:15 PM
 #6

It was possible to earn from arbitrage in the past, like two or three years ago, when there wern't too many traders and trading was done manually.
Now traders use bots to detect the smallest opportunity to make profit from arbitrage.
Also, there is the risk of being scammed by new exchanges that list coins that have the same name as the genuine ones but different smart contracts.

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October 26, 2019, 07:38:25 AM
 #7

Now Airbitrage really profitable? Actually i have no experience of using airbitrage tools.But i saw many people calimed that airbitrage is shit.even they declared that they loss huge money for airbitrage.if you really want to use airbitrage then my suggestion will be make a research before using it.And I don't think beginners should use airbitrage.           

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October 26, 2019, 09:03:24 AM
 #8

As i beginner i meant someone who's been trading for around half a year now (not day-trading).
Are arbitrage tools necessary or do they just make your life easier and which sites offer them?
Arbitrage was never to interesting to me but i've talked with a friend who's making a decent profit out of it (at least that is what he said...)
Thanks for help!


Crypto markets are generally very liquid and there is rarely an arbitrage opportunity.

If there is, then usually it is due to some form of friction between exchanges, whether it's withdrawal issues, deposit issues, wallet maintenance etc. You'll likely see plenty of good arbitrage opportunities on paper on small exchanges, but either they have a lack of liquidity or there is no way of getting money in/out of their exchange, so essentially they're a closed system.

I wouldn't recommend buying arbitrage bots either. The profit margins are low and your coins can easily get stuck at a particular exchange without human intervention in the process.

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October 26, 2019, 12:42:17 PM
Merited by masulum (1)
 #9

As i beginner i meant someone who's been trading for around half a year now (not day-trading).
Are arbitrage tools necessary or do they just make your life easier and which sites offer them?
Arbitrage was never to interesting to me but i've talked with a friend who's making a decent profit out of it (at least that is what he said...)
Thanks for help!

There are indeed bots for trading arbitrage, you can see it on this site. I'm not recommended this because I don't use it.
https://bitcoinexchangeguide.com/best-cryptocurrency-trading-arbitrage-bots-for-2019-bitcoin-traders-top-choices-to-earn-profits/

I do not believe that your friend geta a decent profit through arbitrage, unless your friend can find an exchange as mentioned by Bitmover
-snip-
If the spread between exchanges is big, probably you will be trading in a shady exchange (with low volume, possible financial problems)
-snip-

I remember getting 1BTC in a day at 2015 because of an arbitrage from exchange based on UK to Bittrex, and also 0.5BTC from exchange based on Korea to Bittrex with a capital less than 0.1BTC.
Those exchange where coin buying is an almost dead exchange, but there are many sell orde who might trader forget to canceled and withdrawal their coin, which make me immediately execute their sell order instantly.

You have to remember that there is a risk when doing so your BTC or fund can stuck there, because the admin who no longer takes care of the exchange, my experience when doing arbitrage with exchange based in Canada, i'm lost 0.05BTC.

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October 26, 2019, 05:53:12 PM
 #10

Arbitrage is a trading style which needs lots of time and experience. It is not that you can not set up your tool or bot.

Arbitrage is basically utilizing profit of the difference between the price offered by different exchanges. That is you buy at exchange where the price is low and sell at the exchange where the price is high. Here there is a transaction fee involved while transporting from one exchange to another. Also, in a highly volatile market till your funds reach the other exchange the opportunity might be missed.

There are traders that do use this trading and book profit but, it is not easy i.e., it is not easily arranged on a plate. It needs practice and peace of mind.

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October 26, 2019, 06:08:31 PM
 #11

Now Airbitrage really profitable? Actually i have no experience of using airbitrage tools.But i saw many people calimed that airbitrage is shit.even they declared that they loss huge money for airbitrage.if you really want to use airbitrage then my suggestion will be make a research before using it.And I don't think beginners should use airbitrage.           
Not much of research needed for doing arbitrage other than finding price difference but when making transactions the withdrawal could be processed lately from most of that exchange in that time most people tend to lose their profits so better not to try it in the current situation.Its better more likely to go with fiat to crypto or crypto to stable pair as day trading.

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October 26, 2019, 06:51:43 PM
 #12

I doubt anyone is making a decent amount of profit today with arbitraging. If we're talking about pre-2017 bubble I might agree that your friend makes something out of it, especially with tons of South Korean exchanges not requiring KYC back then plus the spread of price between Western exchanges and South Korean ones are extremely high, with them recording the first $20-$21k price of bitcoin while the Westerners only posted $19k. In today's market conditions, you're better off doing the traditional way of trading, but if you're fine with sending multiple KYC documents to multiple exchanges, it's doable, though not as easy as your friend makes it sound.

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October 26, 2019, 11:11:42 PM
 #13

Arbitrage is a trading style which needs lots of time and experience.
I beg to differ. I think all it needs is luck.
You find a coin being sold cheap on exchange A and bought expensive on exchange B. All you have to do is to buy from A and sell on B and hope that no one fills the buying orders before you.

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October 27, 2019, 10:32:01 PM
 #14

For getting nice in arbitrage you need great arbitrage bot tool

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October 28, 2019, 01:43:03 AM
 #15

Arbitrage is not used by many people because there is a degree of difficulty, I don't know about sites that offer Arbitrage tools and maybe certain people have it.

You are not a daily trader? Try trading everyday it will be more profitable for you and don't have to try Arbitrage.
from the experience of staying up daily that you will know about the benefits that can be.

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erickastella
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October 28, 2019, 05:22:45 AM
 #16

I once arbitrated from upbit to indodax and got a lot of profit, but arbitration has its own risk, which is a very long withdrawal process because the transaction traffic is too dense and the duration of withdrawal also results in the decrease of altcoin that we buy and we also lose, we must be smart to count every transaction if we make an arbitration because otherwise we will experience a loss.
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October 28, 2019, 06:06:32 AM
 #17

Arbitrage is a trading style which needs lots of time and experience.
I beg to differ. I think all it needs is luck.
You find a coin being sold cheap on exchange A and bought expensive on exchange B. All you have to do is to buy from A and sell on B and hope that no one fills the buying orders before you.

We need to open multiple tabs if we want to do that since apparently this strategy sometimes work and before I hit those 200% winning trade on Ccex to cryptopia but we must also be careful since our enemy when doing this is network since sometimes we cannot receive our withdrawals immediately and that will cost as our loss or miss the huge pump came.


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October 28, 2019, 08:13:57 AM
 #18

Arbitrage Trading opportunity doesn't come all.the time, you need to roam around exchanges to get the opportunity but in most cases, it's riddled with many hurdles. The last I tried to Abitrage between yobit and binance, it was difficult to withdraw because the resulting token is not traded on binance, there I need to retrade on yobit before withdrawing, paying withdrawal fees and all that cut down the profits.

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October 28, 2019, 09:43:27 AM
 #19

Arbitrage is too risky for "Begginers". Might advise you get a bot to do it for you. You might gain loss than gaining profits.

 
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October 28, 2019, 03:32:41 PM
 #20

It was possible to earn from arbitrage in the past, like two or three years ago, when there wern't too many traders and trading was done manually.
Now traders use bots to detect the smallest opportunity to make profit from arbitrage.
Also, there is the risk of being scammed by new exchanges that list coins that have the same name as the genuine ones but different smart contracts.
Did some weekend research and figured out the exact thing you typed, thank you!
Had no idea bots are used for arbitrage too.

“If you personalize losses, you can’t trade.” – BK
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