Arbitrage Experience?

A good day together =)

Did anyone of you already try to trade a price difference on exchange for top 150 Coins?

I'm talking about 0,1 BTC sums for one coin, going higher might end in a fiasco and you won't sell them.

Got some questions:
Are the transaction times fast enough?
Which Exchange do you use?
What coin should i avoid?

Best regards o7

in the past I tried arbitrage, but its not easy as it looks. I have seen big differences between coin price, i saw even 20% or more.
But many things happening very fast, such as changing price, transactions too slow or sometimes you simple cant sell all your coins for the same price.
Sorry, but I dont remember sites where you can easily see what coin in which exchangers have biggest differences, but you can try to google.
All in all, i really dont think that this could be a good way to consistently earn money, you could get some profits, but you need luck too.
SO i ended with arbitraging.

There can be large price differences in a few different exchange sites. Binance, Gdax, Bittrex, Bitmex. These gaps usually only exist for a short period during times of big swings. They don't last long enough for the arbitrage play. It's usually not worth it that I have found, even when BTC is confirming quickly on the network.

I've built automated arbitrage systems in other markets. Doing it manually is rarely worth the time and you won't be the only one automating it.

The gaps exist but they're short lived and you have to account for a lot of situations. Sites go offline, prices can move too quickly or liquidity can be too low and you wind up with partial matches. A mistake or two can wipe out your profits entirely.

I have no doubt, someone, somewhere is making money from it but personally, I wouldn't bother with it unless you have an edge most don't.

SEOMadHatter said:

I've built automated arbitrage systems in other markets. Doing it manually is rarely worth the time and you won't be the only one automating it.

The gaps exist but they're short lived and you have to account for a lot of situations. Sites go offline, prices can move too quickly or liquidity can be too low and you wind up with partial matches. A mistake or two can wipe out your profits entirely.

I have no doubt, someone, somewhere is making money from it but personally, I wouldn't bother with it unless you have an edge most don't.

Click to expand...

Usually you need to use other fiat currency to make profits.

It's better if you just invest and hold mate