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Author Topic: Arbitrage  (Read 4775 times)
koelen3
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March 08, 2015, 07:04:02 AM
 #61


Are you still able to trade USD with HitBTC ? We need practical insight rather than theoretical  Wink

Right now there is a arbitrage opportunity of 14$ between HitBTC and btc-e
~Good luck Wink



Though i haven't use them so far but seems they do have a USD/BTC market


Thanks for using bitcoinpricelab
I've noticed that HitBTC always has the highest price

Thanks for providing such a good site
Yes! always
Bitcoin Explorer
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March 08, 2015, 08:52:04 AM
 #62


Are you still able to trade USD with HitBTC ? We need practical insight rather than theoretical  Wink

Right now there is a arbitrage opportunity of 14$ between HitBTC and btc-e
~Good luck Wink



Though i haven't use them so far but seems they do have a USD/BTC market


Thanks for using bitcoinpricelab
I've noticed that HitBTC always has the highest price

Thanks for providing such a good site
Yes! always
Why do you think that always happens?

cozytrade
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March 08, 2015, 09:20:56 AM
 #63

Though i haven't use them so far but seems they do have a USD/BTC market

They have the market but Funding / Withdrawal availability is different matter  Undecided

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picolo
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March 08, 2015, 11:00:50 AM
 #64

Though i haven't use them so far but seems they do have a USD/BTC market

They have the market but Funding / Withdrawal availability is different matter  Undecided


Still many people making 10%/month with arbitrage ?
tee-rex
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March 08, 2015, 11:10:21 AM
Last edit: March 08, 2015, 06:00:30 PM by tee-rex
 #65

Though i haven't use them so far but seems they do have a USD/BTC market

They have the market but Funding / Withdrawal availability is different matter  Undecided


Still many people making 10%/month with arbitrage ?

It depends on the sum invested. With 3-5 bitcoins you could easily reach as far as 1% per day (and then reach a little farther if fortune smiles on you). With bigger sums it becomes a lot trickier, though. You just can't dump, say, 20 btc without affecting the price significantly in the process at an exchange where the whole order-book may be lower than that amount.
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March 08, 2015, 11:13:41 AM
 #66

Though i haven't use them so far but seems they do have a USD/BTC market

They have the market but Funding / Withdrawal availability is different matter  Undecided


Still many people making 10%/month with arbitrage ?

It depends on the sum invested. With 3-5 bitcoins you could easily reach as far as 1% per day (and then reach a little farther if fortune smiles on you). With bigger sums it becomes a lot trickier, though.
If you have $20k and you deposit 10k in two exchanges which usually have high margin of ~$10 toy van make quite a lot of money

BootstrapCoinDev
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March 09, 2015, 08:03:40 PM
 #67

Sometimes the BTC/USD rate differ a lot from an exchange to another, can be several USD. If I have an account in bitfinex, can I transfer the coins to kraken and sell them there ? For example if the rate is 220 $ in bitfinex and 225 $ in kraken.

That would make sense if the price difference is significantly large.

For smaller price differences, you would actually lose trying to arbitrage. The reason being the trading fees on exchanges, withdrawal/deposit fees etc.

And there is no guarantee the price will stick to it by the time you transfer your coins from one exchange to another.

That's exactly how quick money are being made. I'm sure some people are arbitraging right now, but this boils down to liquidity and when the difference is somewhere in the range between $3-5 it's difficult to tell what will be worth it.
koelen3
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March 09, 2015, 09:44:48 PM
 #68

Though i haven't use them so far but seems they do have a USD/BTC market

They have the market but Funding / Withdrawal availability is different matter  Undecided


Still many people making 10%/month with arbitrage ?

It depends on the sum invested. With 3-5 bitcoins you could easily reach as far as 1% per day (and then reach a little farther if fortune smiles on you). With bigger sums it becomes a lot trickier, though. You just can't dump, say, 20 btc without affecting the price significantly in the process at an exchange where the whole order-book may be lower than that amount.

Yes! that really depends on the amount and seeing the fees and all it appears less than $10k aren't good enough.
koelen3
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March 09, 2015, 09:48:43 PM
 #69


Are you still able to trade USD with HitBTC ? We need practical insight rather than theoretical  Wink

Right now there is a arbitrage opportunity of 14$ between HitBTC and btc-e
~Good luck Wink



Though i haven't use them so far but seems they do have a USD/BTC market


Thanks for using bitcoinpricelab
I've noticed that HitBTC always has the highest price

Thanks for providing such a good site
Yes! always
Why do you think that always happens?

Actually i think that happens because people prefer different exchange's .
for instance , HitBTC provides good service to keep your funds to be usable or just dormant.
They also have a little smaller trades as compared to btc-e and Hitbtc not only have different rates for Usd/Btc but doge/Btc is lower than all other exchanges at all times too
cozytrade
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March 09, 2015, 10:25:16 PM
 #70

Preference  Roll Eyes

Much simple, isn't it? Just remember MtGox.

Basic rule:
High price when it is difficult to withdraw fiat.
Low price when the bitcoin is difficult to send out.

For HitBtc just the former case  Tongue




Are you still able to trade USD with HitBTC ? We need practical insight rather than theoretical  Wink

Right now there is a arbitrage opportunity of 14$ between HitBTC and btc-e
~Good luck Wink



Though i haven't use them so far but seems they do have a USD/BTC market


Thanks for using bitcoinpricelab
I've noticed that HitBTC always has the highest price

Thanks for providing such a good site
Yes! always
Why do you think that always happens?

Actually i think that happens because people prefer different exchange's .
for instance , HitBTC provides good service to keep your funds to be usable or just dormant.
They also have a little smaller trades as compared to btc-e and Hitbtc not only have different rates for Usd/Btc but doge/Btc is lower than all other exchanges at all times too

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Bitcoin Explorer
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March 10, 2015, 09:43:06 AM
 #71


Are you still able to trade USD with HitBTC ? We need practical insight rather than theoretical  Wink

Right now there is a arbitrage opportunity of 14$ between HitBTC and btc-e
~Good luck Wink



Though i haven't use them so far but seems they do have a USD/BTC market


Thanks for using bitcoinpricelab
I've noticed that HitBTC always has the highest price

Thanks for providing such a good site
Yes! always
Why do you think that always happens?

Actually i think that happens because people prefer different exchange's .
for instance , HitBTC provides good service to keep your funds to be usable or just dormant.
They also have a little smaller trades as compared to btc-e and Hitbtc not only have different rates for Usd/Btc but doge/Btc is lower than all other exchanges at all times too
Thanks for the answer, that makes sense Cheesy

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