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Author Topic: People, y u no arbitrage??  (Read 800 times)
SgtSpike
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June 14, 2012, 03:09:49 PM
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BTC is trading at $5.82 on bitfloor, $5.88 on MtGox.  That's less than fees, right?  So why is no one buying?  Someone step up to the plate!
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SkRRJyTC
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June 14, 2012, 03:16:30 PM
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No, U.
terrytibbs
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June 14, 2012, 03:17:59 PM
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No, U.
,no. you
TangibleCryptography
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June 14, 2012, 03:35:03 PM
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Not much of an arbitrage.  A couple days ago someone dumped so much BTC on CampBX that is was trading $0.30 below Gox.  Now THAT was an arbitrage!
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June 14, 2012, 04:44:53 PM
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BTC is trading at $5.82 on bitfloor, $5.88 on MtGox.  That's less than fees, right?  So why is no one buying?  Someone step up to the plate!


fees..i dont think you understand...
I may have miscalculated a bit.  I was thinking of fees on just a single trade, not the two trades that would be required.

Regardless, I just sold the rest of mine and drove the price down more.  It only amount to ~$2 difference than if I had waited, so no biggie.
CecilNiosaki
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June 14, 2012, 04:54:12 PM
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Bitcoin is about 6.80 on VirWoX before fees. Even with their fees, it's up above $6 there.
Stephen Gornick
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June 14, 2012, 09:53:35 PM
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There certainly are plenty of arbitrage opportunities all around.  The definition of arbitrage is where you are buying and selling at the same time so aren't actually exposing yourself to exchange rate risk.  But trying to do arbitrage manually I've gotten burned by not being able to do both trades quick enough and ended up losing a little on the trade.  Other times, I've done arb trades only to regret having spent all of what little funds I allocate for arbitrage because shortly after an even greater arbitrage opportunity presents itself.

There still is a relatively fair amount of profit that can be found in doing arbitrage on a percentage basis, but without the ability to easily move funds to and from the exchanges, the profit barely makes up for the effort.

There are some tools that might be useful:

 - http://nyse-group.de/bitcoin-arbitrage
 - http://bitcoin-analytics.com/#arbitrage (USD, 6 hour delay without subscription)
 - http://currencyfair.com (Useful for converting fiat from one currency to another,
  e.g., Dwolla USDs -> USDs deposit -> USD/GBP trade -> GPBs withdrawal -> exchange
 - http://transferwise.com  (EUR or GBP  -->   EUR, GBP, PLN or CHF )



Jake
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June 15, 2012, 04:57:59 AM
 #8

@Stephen, why are you so high quality?! Cut it down a bit, I come to forums to read low quality shit, it's like I'm reading a book!  Grin

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