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bb113
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June 23, 2012, 09:56:41 PM |
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After thinking about this a bit more. The most convenient thing is to just create shortcuts to files containing the secret string on the computer you use to trade. The most secure thing would be to put JAuth and the secret keys on a boot cd/drive and only run it on a computer/device that never connects to the internet. Is this correct?
edit: I guess you would need to manually set the clock.
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rjk
Sr. Member
 Offline
Activity: 448
Merit: 250
1ngldh
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June 23, 2012, 10:01:13 PM |
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After thinking about this a bit more. The most convenient thing is to just create shortcuts to files containing the secret string on the computer you use to trade. The most secure thing would be to put JAuth and the secret keys on a boot cd/drive and only run it on a computer/device that never connects to the internet. Is this correct?
edit: I guess you would need to manually set the clock.
Sure that would work too. |
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bb113
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June 23, 2012, 10:07:06 PM |
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Perhaps there is a market for dedicated portable devices that generate OTPs for a person's various accounts. You would have two of them. One as backup kept in a safe place, one to keep with you as you travel.
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EuSouBitcoin (OP)
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June 24, 2012, 05:05:56 AM |
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BitFloor just passed Intersango to move from #8 to #7 on the 30-day BTC/USD volume list at bitcoincharts.com. Congratulations BitFloor. Keep on Rockin'!
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You can't win if you don't play. But you can't play if you lose all your chips. First I found bitcoin (BTC). Then I found something better, Monero (XMR). See GetMonero.org
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nimda
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June 24, 2012, 04:10:11 PM |
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I wonder if I can make a simple bot which holds USD on one exchange e.g. MtGox and holds BTC on BitFloor, then continually updates BitFloor asks to be MtGox + MtGox Fee + .05. Would that result in any trades, or are the markets generally too close together?
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genuise
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June 24, 2012, 04:16:36 PM |
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I wonder if I can make a simple bot which holds USD on one exchange e.g. MtGox and holds BTC on BitFloor, then continually updates BitFloor asks to be MtGox + MtGox Fee + .05. Would that result in any trades, or are the markets generally too close together?
take a look at bitcoin-analytics.com/#arbitrageyou should wait until data is fully loaded and arbitrage table is displayed then it is possibile to analyze arbitrage apportunities depending on BTC volume you consider to trade |
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nimda
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June 24, 2012, 04:20:57 PM |
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I wonder if I can make a simple bot which holds USD on one exchange e.g. MtGox and holds BTC on BitFloor, then continually updates BitFloor asks to be MtGox + MtGox Fee + .05. Would that result in any trades, or are the markets generally too close together?
take a look at bitcoin-analytics.com/#arbitrageyou should wait until data is fully loaded and arbitrage table is displayed then it is possibile to analyze arbitrage apportunities depending on BTC volume you consider to trade What is the MtGox fee per trade? |
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genuise
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June 24, 2012, 04:23:51 PM |
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I wonder if I can make a simple bot which holds USD on one exchange e.g. MtGox and holds BTC on BitFloor, then continually updates BitFloor asks to be MtGox + MtGox Fee + .05. Would that result in any trades, or are the markets generally too close together?
take a look at bitcoin-analytics.com/#arbitrageyou should wait until data is fully loaded and arbitrage table is displayed then it is possibile to analyze arbitrage apportunities depending on BTC volume you consider to trade What is the MtGox fee per trade? not sure, but as far as I can remember it varies between 0.6 - 0.5 - ... % depending on your trading activity for sure you should consult on mtgox website |
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nimda
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June 24, 2012, 04:26:17 PM |
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I wonder if I can make a simple bot which holds USD on one exchange e.g. MtGox and holds BTC on BitFloor, then continually updates BitFloor asks to be MtGox + MtGox Fee + .05. Would that result in any trades, or are the markets generally too close together?
take a look at bitcoin-analytics.com/#arbitrageyou should wait until data is fully loaded and arbitrage table is displayed then it is possibile to analyze arbitrage apportunities depending on BTC volume you consider to trade What is the MtGox fee per trade? not sure, but as far as I can remember it varies between 0.6 - 0.5 - ... % depending on your trading activity for sure you should consult on mtgox website In that case it could be occasionally profitable to arb MtGox and bitfloor. Off to the IDE! |
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ErebusBat
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June 24, 2012, 04:30:32 PM |
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I wonder if I can make a simple bot which holds USD on one exchange e.g. MtGox and holds BTC on BitFloor, then continually updates BitFloor asks to be MtGox + MtGox Fee + .05. Would that result in any trades, or are the markets generally too close together?
take a look at bitcoin-analytics.com/#arbitrageyou should wait until data is fully loaded and arbitrage table is displayed then it is possibile to analyze arbitrage apportunities depending on BTC volume you consider to trade What is the MtGox fee per trade? I would read this before you go all gungho https://bitcointalk.org/index.php?topic=74291.0 |
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genuise
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June 24, 2012, 04:31:38 PM |
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In that case it could be occasionally profitable to arb MtGox and bitfloor.
Off to the IDE!
it depends on volume of transactions in BTC for 100 and 1000 the situation can be significantly different. for example almost all exchanges have 100 on bid and ask sisds, so it is in principla possible to execute such transactions. But when you filter 1000 BTC volume for exmpale currently bitfloor does not have enough volume on bid side and your BTC will not be bought, you will not close the transation pair. |
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nimda
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June 24, 2012, 05:09:22 PM |
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I wonder if I can make a simple bot which holds USD on one exchange e.g. MtGox and holds BTC on BitFloor, then continually updates BitFloor asks to be MtGox + MtGox Fee + .05. Would that result in any trades, or are the markets generally too close together?
take a look at bitcoin-analytics.com/#arbitrageyou should wait until data is fully loaded and arbitrage table is displayed then it is possibile to analyze arbitrage apportunities depending on BTC volume you consider to trade What is the MtGox fee per trade? I would read this before you go all gungho https://bitcointalk.org/index.php?topic=74291.0Well my system would be simpler - keep BitFloor asks where they would be profitable. So when the gox bids go up, the bot adjusts BitFloor asks. Then, when a trade is made on BitFloor, the bot makes a trade on gox. @genuise I don't have enough BTC for it to matter, really. |
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genuise
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June 24, 2012, 05:12:32 PM |
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@genuise I don't have enough BTC for it to matter, really.
then I am afraid there little chance to get arbitrage profits, because on small volumes generally transaction/withdraw fees will eat all of them |
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nimda
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June 24, 2012, 05:24:17 PM |
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@genuise I don't have enough BTC for it to matter, really.
then I am afraid there little chance to get arbitrage profits, because on small volumes generally transaction/withdraw fees will eat all of them Most fees are percentage-based, so that is fine. I also want to see bitfloor succeed, and bringing it more volume is one way I can do that. |
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ErebusBat
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June 24, 2012, 08:26:39 PM |
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@genuise I don't have enough BTC for it to matter, really.
then I am afraid there little chance to get arbitrage profits, because on small volumes generally transaction/withdraw fees will eat all of them That is exactly what happened to goat. |
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genuise
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June 24, 2012, 08:39:25 PM |
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@genuise I don't have enough BTC for it to matter, really.
then I am afraid there little chance to get arbitrage profits, because on small volumes generally transaction/withdraw fees will eat all of them That is exactly what happened to goat. It is a surprize for me. Can you give any details? |
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ErebusBat
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June 25, 2012, 12:30:44 PM |
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@genuise I don't have enough BTC for it to matter, really.
then I am afraid there little chance to get arbitrage profits, because on small volumes generally transaction/withdraw fees will eat all of them That is exactly what happened to goat. It is a surprize for me. Can you give any details? It is long, but very interesting: https://bitcointalk.org/index.php?topic=74291.0 |
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genuise
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June 25, 2012, 02:27:08 PM |
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@genuise I don't have enough BTC for it to matter, really.
then I am afraid there little chance to get arbitrage profits, because on small volumes generally transaction/withdraw fees will eat all of them That is exactly what happened to goat. It is a surprize for me. Can you give any details? It is long, but very interesting: https://bitcointalk.org/index.php?topic=74291.0Thank you, it is really educative  that is why I was pointing out that it is important to see and be able to analyze the picture in a wider perspective before making any conclusions and decisions. |
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ErebusBat
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June 25, 2012, 07:27:25 PM |
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that is why I was pointing out that it is important to see and be able to analyze the picture in a wider perspective before making any conclusions and decisions.
Exactly  |
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miscreanity
Legendary
Offline
Activity: 1316
Merit: 1005
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June 25, 2012, 10:13:11 PM |
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Manual deposit request of cash transfer and... 8 minutes to availability on Bitfloor.
Goodbye Gox, BX, etc.
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