conex (OP)
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December 16, 2019, 07:13:13 PM |
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Hello traders! I've been searching around and trying to find best sites which offer arbitrage data and explanations on how to do it. What do you think, is it still possible to profit from arbitrage or are bots doing it nowadays? Thank you for helping out in this matter!
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milewilda
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December 16, 2019, 09:16:12 PM |
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Hello traders! I've been searching around and trying to find best sites which offer arbitrage data and explanations on how to do it. What do you think, is it still possible to profit from arbitrage or are bots doing it nowadays? Thank you for helping out in this matter!
Yes, its still profitable but the question is on how you do spot out these kind of rare chances? Arbitrage opportunity doesnt happen always and once you do able to compare from exchanges to exchanges, one thing that you should consider always is on how fast you would able to execute such trade and as we all know that time is crucial on here and also try to calculate on fees so that you will find out if you would able to make profits or not and also to the site you are asking, im not aware if it does exist but for arbitrage explanation then doing a simple google search would already help you out.
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Not_A_Rocket_Scientist
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tradingbot.info
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December 16, 2019, 09:27:45 PM |
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I have an article that can help you: Trading bots VS ArbitrageRebalancing funds - is a huge problem in arbitrage nowadays, so there is no point in doing it with a small bankroll (you will be losing a lot on the fees) I would say that trading bots are more hassle-free tools, that can be successful working even with smaller bankrolls.
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TRADINGBOT.INFO - Everything you need to know about cryptocurrency trading bots [Reviews, Guides, Testings]
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Darooghe
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December 16, 2019, 09:37:10 PM |
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Yes, but not as much as before and the act of making a profit on them is getting harder as competition is getting though. there's always going to be opportunities, and they grow in number when volatility is high. sometimes, there have been coins that were selling for a lot more on the Korean exchange than others, for example chainlink, and people that were in Korea could buy on binance or idex and sell on bithumb for a profit. however, arbitrage from local fiat currency, to a foreign currency, to crypto, back to local fiat currency is extremely profitable.
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khaled0111
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Top Crypto Casino
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December 16, 2019, 10:02:21 PM |
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It was profitable in the past when the crypto market was immature and when there were a smaller number of traders. Nowadays, traders rely on sophisticated bots to monitor different exchanges simultaneously and track price movements in order to spot those scarce opportunities. It is going to be hard to compete with them.
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LUCKMCFLY
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December 16, 2019, 10:44:54 PM |
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For now I do not think it is profitable, I would have to do operations almost in less than 20 seconds, in order to start winning, now those who can make it profitable are the bots, the human as such cannot do it, if he does it he has many chances of failing.
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1Referee
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December 17, 2019, 12:36:48 AM |
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The potential profit margins are extremely low while the risks are generally much higher. In terms of risk reward ratio, it's a horrible niche to actually participate in.
Another thing is that within crypto it's very likely rigged as well because exchanges themselves have an incentive to exploit the differences in all the pairs that they have. It's an extrea revenue stream that doesn't cost them much effort. How can they not tap into that extra pool of revenue? Is it ethical to trade against your traders as exchange? Nope, but why would they care? There is no oversight.
All the people asking whether x/y/z type of trading or method is worth getting into shouldn't do any of that to begin with. People then respond by saying how else will they make profit? All I say to these people is that not trading and not losing money is better than doing something you suck at and makes you lose everything.
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Wexnident
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December 17, 2019, 02:20:30 AM |
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No, it's not. End of story. With how much the market has developed for over 10 years of its existence, I doubt exchanges wouldn't address people taking these opportunities to profit from them. Plus, even if you did see a chance to arbitrage, the profit is minimally small compared to regular trading, and there's also the fees you have to take care of. Especially for markets of famous coins like BTC and ETH. You may find chances towards coins that are relatively new, but it would still be rare to spot such a chance.
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silversurfer1958
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December 17, 2019, 04:19:51 AM |
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Hello traders! I've been searching around and trying to find best sites which offer arbitrage data and explanations on how to do it. What do you think, is it still possible to profit from arbitrage or are bots doing it nowadays? Thank you for helping out in this matter!
Now it no longer works well. Now exchanges have had a sufficient number of traders and the volume has increased dramatically, which has led to the same prices of coins. Besides, only fraudulent exchanges set prices lower than the school value, and then you deposit your money into that exchange, they will keep your money. So this method is no longer good. Ideally, you should have a lot of capital to trade OTC, you can make a lot of money instead of using ARBITRAGE method.
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ultrloa
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December 17, 2019, 05:14:38 AM |
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If you scan the condition of the market these days you will see that arbitrage will not fully work since the value of each coins listed in exchange is not healthy and some is not moving at all, might you will end up bag holding it if you try to use this trading strategy and for me it's really better to go with bitcoins at this point and do a short trades since trading the top 1 coins is our safe heaven and the market movement is pretty much good for earning some decent daily percentage.
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clickerz
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December 17, 2019, 09:50:55 AM |
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Re: ARBITRAGE - is it still PROFITABLE? Not doing it for nearly a year already. I think it is not favorable and profitable right now, with the current market situation. Most of my positions are for long term hold now since the market becomes bearish. Arbitrage involves many risks too. @OP check first before transferring your token or coin for arbitrage, sometimes deposits are suspended for the said coins, you will end up waiting for your token for several days.
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Open for Campaigns
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samuraijin
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December 17, 2019, 10:05:00 AM |
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the bitter experience of arbitration is when I buy it cheap on exchange A then I want to sell it on exchange B, but unfortunately I lose money when I make a deposit but it doesn't come to my account, because the smart contract tokens are not the same, I don't see their project being doing a swap, I ended up losing my money on the B exchange because of a different smart contract, not big so I just let the money disappear, hopefully this will be my lesson
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MURONDI
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December 17, 2019, 10:28:42 AM |
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arbitration can still benefit those experienced, Arbitration is not easy, it must be good at choosing an appropriate exchange, many obstacles experienced by arbitration, like transaction fees, transaction speeds plus many competitors.
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Furious 7
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December 17, 2019, 10:34:25 AM |
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My opinion now Arbitrage is not as easy as it used to be even though now on the exchange there are price differences in other exchanges but there are always obstacles so from now on I never do Arbitrage again from the exchange to another exchange. For bots, there might still be some that work, but it's not very good, and I always look for really accurate, and no problems with Arbitrage.
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panganib999
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December 17, 2019, 12:07:58 PM |
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Arbitrage seems dead already. In the past, it was quite profitable in doing as such, but it's been 10 years. Exchanges have coordinated with each other and now, the prices of coins in each exchange either don't differ at all, or if there is, it's so small that you can't really get any profit out of it. Even trading for a few weeks would bring more profit than arbitrage for a month or 2. Bots, maybe, but it wouldn't bring much out. But hey, profit is still profit.
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the rise
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December 17, 2019, 12:16:35 PM |
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the bitter experience of arbitration is when I buy it cheap on exchange A then I want to sell it on exchange B, but unfortunately I lose money when I make a deposit but it doesn't come to my account, because the smart contract tokens are not the same, I don't see their project being doing a swap, I ended up losing my money on the B exchange because of a different smart contract, not big so I just let the money disappear, hopefully this will be my lesson
Now, arbitrage bots can read smart contracts, I read some reviews even though I haven't used them. I arbitrate manually, but in my opinion capital should also be above average, so fees are not a problem. Popular coins in large exchanges have made swap adjustments, there is an option to choose a chain when confirming withdrawal, so no need to worry. arbitrage and normal trading are still focused on quantity, the difference in profit is not so large if monitored further.
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justdimin
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December 17, 2019, 04:04:16 PM |
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It never worth that much to begin with. Yes, if you have bank accounts in different nations and can reach to local exchanges of all of them there is a slight chance that nations with their currency differences could offer you a great deal but that doesn't mean it was available to everyone all the time.
There are bots now dealing with arbitrage which means if there is a chance of mathematical profits then those bots will make sure they do those trades in seconds before you can even react.
Considering all the costs involved and math you need to calculate it would take you at least 5-10 minutes while those machines react and do it in under one minute. I would say arbitrage is not something people should be looking at during this stage, considering bitcoin is low now, accumulation is the best course of action.
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naikturun
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December 17, 2019, 04:19:18 PM |
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it depends on the market price you buy and sell it doesn't matter the market under any circumstances what is most important there is a difference in price so you can get profit from the arbitrage. More volatile is good i guess.
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Golftech
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December 17, 2019, 04:33:11 PM |
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This particular trading strategy is no longer popular due to a lots of factors covered from exchange site. Most of the time bot are conquering the platform and if you are thinking to do the arbs bot will detect it right away and ruined your plan. It's hard to find the difference between exchange price unlike before where you only need decent amount of investment and you'll get something good after executing the trades.
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ChrisPop
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Not your Keys, Not your Bitcoins
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December 17, 2019, 04:36:22 PM |
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There will always be imbalances and unsyncronous moves in the market, therefore there will always be arbitrage opportunities. If you are not using a bot to spot those opps. that are worth the time and offer you at least a little bit of edge. Be careful to not be caught uncovered - the liquidity is low in most of the crypto markets and the volume can spike like crazy when you're least expecting it. Good luck in making profits!
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