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BTC Arbitrage Trading

Discussion in 'CryptoCurrency' started by radhindanoes, Apr 17, 2016.

  1. radhindanoes

    radhindanoes Registered Member

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    Hello!

    Has anybody ever done arbitrage trading? Can you share you experiences?

    Thanks!
     
  2. cruguy

    cruguy BANNED BANNED

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    They are profitable, i have done in the past many times and its profitable.

    But in longterm, you cannot make higher profit.
     
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  3. radhindanoes

    radhindanoes Registered Member

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    wow cool. What kind of Arbitrage did you do?

    I added you on Skype btw. Please add me.
     
  4. sleepingbear

    sleepingbear Newbie

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    I did two kinds of arbitrage

    Spread Trading and Triangular Arbitrage


    Spread Trading (Single Pair Trading)
    Example
    Code:
    Buy BTC/USD 420.09
    Sell BTC/USD 419.43
    
    You only need those two Variables: 
    1. Buy BTC for 1 cent more then Sell (419.44)
    2. Sell BTC back to USD for 1 cent less than buy (420.08)
    
    Every Bitcoin you buy or sell gives you in this example 0,50 cents back. Sounds like less but it's also possible to do this on other Pairs
    
    Triangular Arbitrage (Trading three Pairs)
    Example
    Code:
    You find 3 Pairs which have a difference.
    1. Buy Doge with BTC
    2. You Sell Doge for XRP
    3. You Sell XRP for BTC
    
    This is the holy grail of Arbitrage since, if you are able to do this you can get mad money out of it and it's litterally impossible that all Crypto Currencies are without difference. 
    
    Here is however more than one Point that is an issue, 
    1. If you buy a currency that is not traded daily your trade will standing still, which gives you more risk (Arbitrage should be done in seconds at most)
    2. If heard of a friend of mine who made an bot and didnt impliment tracking the market right he lost a good amount of money 
    3. Learn what Risk Management is (Never go full in on a trade)
    
    Most important, always lay your trading strategy out so you an keep money aside from the broker, i learnt that the hardway after cryptsy freezed all accounts and i missed the weeks where you can cash them out.

    If you have more Questions ask or add me on skype.
     
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  5. randompassword

    randompassword Registered Member

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    keep in mind that volatility is your best friend, but it can also ruin your balance in just one move.
     
  6. ToxicBlack

    ToxicBlack Regular Member

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    Arbitrage is profitable, but its also risky, more exchanges you run there is bigger chance one of them get hacked, bankrupt etc.
     
  7. radhindanoes

    radhindanoes Registered Member

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    Yo! Thanks a lot man! i added you on Skype! you gonna be my bff from now on! lol xD
     
  8. shanna_doll

    shanna_doll Power Member

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    I don't understand why would you buy a BTC and then sell it for a cent less than you bought it o_O
    Edit: My bad, I think I missunderstood you
     
  9. zerkamaz

    zerkamaz Junior Member

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    Thanks guys for valuable infos you shared in the thread...

    I would like to know more details about this topic, so can someone of u guys send me his skype via PM?

    Is there someone who making a good money from BTC arbitrage, and of yes, what strategy you recommend?
     
  10. Donawoite

    Donawoite Jr. VIP Jr. VIP

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  11. Gabriel Black

    Gabriel Black BANNED BANNED

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    I heard they were banning users after bitcoin mining was found among their members.
     
  12. herbert2020

    herbert2020 Newbie

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    it is hard and risky and also the fees will kill you.
     
  13. Younghubbel

    Younghubbel Newbie

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    I tried it 2 months ago when btc was around 500 mark
    but soon realised too much work and stress for very less profits
     
  14. CyberHour

    CyberHour Jr. VIP Jr. VIP

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    If you are planing to take this way.. you better hurry up :)