Pst291
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September 04, 2014, 07:56:25 PM |
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I looked into arbitrage a few years ago but found it to be nice as a concept but doing it in reality has so many drawbacks,price change,time of transfer,fees etc
In the end i went a different way and found something profitable to the tune of about 2-2.5% per sat move against altcoin btc pair per trade.I tried telling ppl about it as i was looking to sell it but at that time noone actually beleived it was possible mathematicly so i was stuck with it.Poor me
Arbing just wasnt for me,not in crypto anyways
What do you mean by this exactly? Moving bitcoin to altcoins in order to make a profit essentially? What i meant is i found a way no matter what way the price moves you have to profit,,,but everyone ive spoke to about it seems to think im a fecking crackpot and this cannot exist. |
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Keyser Soze
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September 04, 2014, 08:46:45 PM |
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What i meant is i found a way no matter what way the price moves you have to profit,,,but everyone ive spoke to about it seems to think im a fecking crackpot and this cannot exist.
Are you claiming to have a trading method that can always profit, no matter how much or which direction it moves in? If that is correct, I can understand why people would be skeptical of buying this method from you. |
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Pst291
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September 04, 2014, 09:09:43 PM |
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Exactly sir, ppl just wont beleive it sadly
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Keyser Soze
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September 04, 2014, 09:21:09 PM |
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Exactly sir, ppl just wont beleive it sadly
People won't believe it because it doesn't make sense. You are essentially saying that you have a risk-free (sans exchange theft) method of trading to generate guaranteed profit that isn't arbitrage. |
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Pst291
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September 04, 2014, 09:53:07 PM |
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Yes, its an interesting approach and i can understand how untill this point it hasnt been found as it is an odd method but working nonetheless.
I actually found while looking for something else (zeroing out bad trades) i sometimes say i stumbled upon it by accident but thats not strictly the case but i did notice it in an odd way and its worked beautifly ever since.
I dont have a lot of money to use it myself but it is building by the day thanks to the beauty of compounding.
I did try and sell it and was offered a few thousand bitcoins by various ppl but i never sold out in the end as i just got the feeling there was something dodgy about most of these characters and they seemed to be in quite a rush to obtain the method,so i declined
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joesmoe2012
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September 05, 2014, 07:27:53 AM |
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Please don't get arbtrage confused with these 'guarenteed get rich' quick schemes. You don't always make money no matter which way the price moves, it has nothing to do with the direction of price movement.
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cozytrade
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September 05, 2014, 09:26:28 AM |
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You and others thought these two pairs are the lowest and highest combination but only within bitcoinchart peers. You may see opinions for this combination in this thread. https://bitcointalk.org/index.php?topic=765074My opinion is not profitable as far as you'd like to keep currency (USD and BTC) balance. Think carefully, keep your vision wide and good luck.  Now I understand why people say lakeBTC provides the best price.. I think bitcoincharts is not 100% trustworthy nor timely in terms of coverage and reliability even though I used to like it. |
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Pst291
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September 05, 2014, 08:55:13 PM |
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Please don't get arbtrage confused with these 'guarenteed get rich' quick schemes. You don't always make money no matter which way the price moves, it has nothing to do with the direction of price movement.
I can assure you im Not confusing it.My method is something i put together myself and im fully aware how arbitrage works. Im just one of those weirdos who enjoys mathematics |
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crazyivan (OP)
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DMD Diamond Making Money 4+ years! Join us!
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September 09, 2014, 07:00:29 AM |
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Please don't get arbtrage confused with these 'guarenteed get rich' quick schemes. You don't always make money no matter which way the price moves, it has nothing to do with the direction of price movement.
I can assure you im Not confusing it.My method is something i put together myself and im fully aware how arbitrage works. Im just one of those weirdos who enjoys mathematics So you do not sell, you do not promote it, you just talk about it? |
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Keyser Soze
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September 09, 2014, 04:45:29 PM |
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So you do not sell, you do not promote it, you just talk about it?
It must be really good if he turned down "a few thousand bitcoins" for the method.  |
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Pst291
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September 10, 2014, 10:58:41 AM |
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Im just hanging back ,,,speaking to a few ppl about it and getting an overall valuation of what ppl think its worth before i decide if i sell it etc.
Theres no way it can disappear or be patched or anything like that as it not a hack or cheat.So no rush
In my mind the few thousand bitcoin was the low offer kind of like when u buy a car ,,, you go in with the shit offer first
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Minerjoe
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September 11, 2014, 07:04:16 AM |
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Im just hanging back ,,,speaking to a few ppl about it and getting an overall valuation of what ppl think its worth before i decide if i sell it etc.
Theres no way it can disappear or be patched or anything like that as it not a hack or cheat.So no rush
In my mind the few thousand bitcoin was the low offer kind of like when u buy a car ,,, you go in with the shit offer first
So you are basically a millionaire. Nice.  ) |
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Pst291
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September 11, 2014, 12:30:30 PM |
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Millionaire,,,christ no lol,,,wish i was ,, i just know i have something here worth something to the right person.Im using it myself to grow the little btc and doge i have at the moment ,,most of my coins are made up of things i "hope to feck" will rise in the future.
I bought 120k of doge in the 150,s so bitta holding to do yet lol
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dankkk
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September 12, 2014, 01:42:07 AM |
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Please don't get arbtrage confused with these 'guarenteed get rich' quick schemes. You don't always make money no matter which way the price moves, it has nothing to do with the direction of price movement.
With arbitrage, you should always make money on each of your trades. If you do not then you are doing something wrong (likely holding onto your bitcoin position for too long). What could prevent you from profiting is the lack of trading opportunities. |
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joesmoe2012
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September 14, 2014, 03:44:51 AM |
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What's the spread right now?
What's the market depth?
What are the deposit and withdraw times (and conversion times if necessary)?
What are the trade fees and withdraw/deposit fees?
After considering all of the above, is it still potentially profitable enough to try?
Lastly consider - WHY - why is there such a spread?
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itod
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^ Will code for Bitcoins
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September 14, 2014, 10:23:44 AM |
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What's the spread right now?
What's the market depth?
What are the deposit and withdraw times (and conversion times if necessary)?
What are the trade fees and withdraw/deposit fees?
After considering all of the above, is it still potentially profitable enough to try?
Lastly consider - WHY - why is there such a spread?
Spread can work in your advantage, there are two rules to achieve that: - never buy/sell with market order, always with limit order - never arbitrage in the downtrend of the currency you are exposing yourself to, this way you gain time to wait for the limit order to complete |
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crazyivan (OP)
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September 16, 2014, 05:53:04 PM |
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Please don't get arbtrage confused with these 'guarenteed get rich' quick schemes. You don't always make money no matter which way the price moves, it has nothing to do with the direction of price movement.
With arbitrage, you should always make money on each of your trades. If you do not then you are doing something wrong (likely holding onto your bitcoin position for too long). What could prevent you from profiting is the lack of trading opportunities. +1 It should be foolproof, at least in theory. Regarding opportunities, with new exchanges popping out every day, there is always something to trade. I cannot find lots of depth, but there are always opportunities. |
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funchiestz
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September 16, 2014, 06:04:26 PM |
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Anyway have you try arbitrage in Bitcoin.co.id ? Currently there is almost $30 price different with btc-e.
Our Indonesia exchange has alot of buyer compare with seller that cause our price slightly higher than other exchange
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Minerjoe
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September 18, 2014, 06:24:11 AM |
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Anyway have you try arbitrage in Bitcoin.co.id ? Currently there is almost $30 price different with btc-e.
Our Indonesia exchange has alot of buyer compare with seller that cause our price slightly higher than other exchange
This seems 2 complicated, price are in your local currency. |
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