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austriabitcoin (OP)
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July 22, 2014, 02:16:13 PM |
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Does anyone know of good Arbitrage bots??
and is/are sites out there that scan exchanges for arbitrage opportunities
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According to NIST and ECRYPT II, the cryptographic algorithms used in
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Keyara
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July 22, 2014, 03:42:08 PM |
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No longer possible with so much competition.
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ScreamnShout
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July 22, 2014, 08:03:08 PM |
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Arbitrage is really not possible anymore as the market has become efficient enough so that there are only minor price differences between exchanges.
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RedhatCAT
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July 22, 2014, 09:43:51 PM |
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Arbitrage is really not possible anymore as the market has become efficient enough so that there are only minor price differences between exchanges.
The trading fees will generally eat up any potential profit that you can make while trying to do an arbitrage as the price differences are generally well under .5 percent |
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austriabitcoin (OP)
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July 23, 2014, 06:18:26 AM |
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i should have been more specific
im talking about arbitrageing bots for Alt currencies
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BTC-Bank
Member
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Activity: 126
Merit: 10
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July 23, 2014, 01:30:25 PM |
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There still are great arbitrage opportunities but i dont know about bots and every time i heard it was a bad idea.
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ajareselde
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Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
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July 23, 2014, 05:18:11 PM |
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i should have been more specific
im talking about arbitrageing bots for Alt currencies
There are definetly arb bots present, not realy sure whos managing them, since they are so easy to trick into buying/selling. I arbed alot in jan/feb when spreads were insane, and i remember that exploiting the bots made a huge increase on my profits. If you are considering using a bot, make sure its properly coded, and not just some 100 line junk code. |
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itod
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Activity: 1974
Merit: 1076
^ Will code for Bitcoins
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July 23, 2014, 07:11:39 PM |
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There are definetly arb bots present, not realy sure whos managing them, since they are so easy to trick into buying/selling.
I arbed alot in jan/feb when spreads were insane, and i remember that exploiting the bots made a huge increase on my profits.
If you are considering using a bot, make sure its properly coded, and not just some 100 line junk code.
Can you explain a bit in detail how you've managed to trick the bots, this is very interesting. |
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Window2Wall
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July 24, 2014, 01:08:48 AM |
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i should have been more specific
im talking about arbitrageing bots for Alt currencies
There are definetly arb bots present, not realy sure whos managing them, since they are so easy to trick into buying/selling. I arbed alot in jan/feb when spreads were insane, and i remember that exploiting the bots made a huge increase on my profits. If you are considering using a bot, make sure its properly coded, and not just some 100 line junk code. this was when gox halted withdrawals but still allowed trading so the spreads were not really there. At least between gox and other exchanges |
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Mieehayii
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July 24, 2014, 03:00:14 AM |
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Don‘t believe any bots, it will let you in trouble sometimes
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cryptofan5
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July 24, 2014, 03:28:16 AM |
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Arbitrage is really not possible anymore as the market has become efficient enough so that there are only minor price differences between exchanges.
The more exchanges on the market - the more opportunities are there. At the glance I can see good price differences between major exchanges. |
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sandykho47
Sr. Member
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Activity: 252
Merit: 251
Knowledge its everything
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July 24, 2014, 07:21:48 AM |
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I think bot like that is avalaible  But i just found fake bots / bot that chars often Anyone know good bot here ? |
Kemampuanku Tidak semua orang memiliki dan dapat melakukannya . Tidak memakan kaum sendiri . dan mempunyai kode etik yang tidak masuk akal.
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daybyter
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Activity: 965
Merit: 1000
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July 24, 2014, 09:30:58 PM |
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I'm working on such stuff. Are you a coder?
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fonenumba
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July 24, 2014, 11:07:31 PM |
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Arbitrage is really not possible anymore as the market has become efficient enough so that there are only minor price differences between exchanges.
The more exchanges on the market - the more opportunities are there. At the glance I can see good price differences between major exchanges. You need to take into consideration the fact that you need to pay trading fees of ~.2% for each trade (times two trades mean a min of ~.4%) and the fact that you need to move your bitcoin from exchange to exchange (same with fiat) and this takes time. |
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Sampey
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July 25, 2014, 09:44:40 AM |
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I'm working on such stuff. Are you a coder?
Yes i am, i've written the software linked by me  |
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Brad_BCK
Newbie
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Activity: 42
Merit: 0
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July 25, 2014, 09:47:23 AM |
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Does anyone know of good Arbitrage bots??
and is/are sites out there that scan exchanges for arbitrage opportunities
It is your own head. |
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daybyter
Legendary
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Activity: 965
Merit: 1000
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July 25, 2014, 02:19:00 PM |
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I'm working on such stuff. Are you a coder?
Yes i am, i've written the software linked by me That's great, but I actually meant the starter of the thread...?  |
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austriabitcoin (OP)
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July 25, 2014, 03:41:09 PM |
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Im a beginner programmer
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daybyter
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July 25, 2014, 04:32:43 PM |
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What languages?
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