/biz/ - Business & Finance

>>14851157
you should buy link, id say its about your speed anon

>>14851157
https://en.wikipedia.org/wiki/Arbitrage

>>14851157

Brainlet is usually used in jest but you've set a standard here

>>14851157
arbitration bots chinking everyone's money away

Because the game is rigged anon

>>14851181
arbitrage* mislick

>>14851157
All cryptocurrency prices are dictated by the Bogdanoffs, who execute their trades on every exchange simultaneously.

>>14851157
arbitrage bots.

>>14851178
Tl dr

Looking for an eli4 thing or whats it called

>>14851212
ppl way smarter than u program things to make money off mismatched exchange prices.

>>14851212

>>14851212

That shit funny valentine was saying about napkins but in money form

>>14851212
bobots check price between exchanges and work to exploit them. keeps price around the same.

people that try it are attempting to pick up pennies in front of a steamroller.

>>14851157
Imagine old markets when they were physically separate. If some Joe sold wheat for £10 a sack and in a different region Andrew sold it for £5 a sack, then the market would even out in a couple of ways:

1. People could buy Andrew's potatoes and sell them to Joe or his customers making profit as middlemen, increasing the demand for Andrew's and decreasing it for Joe's.

2. The respective vendors would see that they are selling at a poor price for business and adjust up or down respectively.

In modern day bots and day traders make this process happen near immediately. Markets can occasionally have slightly different prices but it never lasts long.

>>14851157
5000 TRV will always = one Tesla, the market just hasn't figured that out yet

>>14851273
Errr

I dont get it

Im talking about crypto not potatoes and shit

But there is a difference
I can remember the price of BTC on Bitmex, Binance and Bitfinex differed by over 200$

>>14851157
Quantum entanglement.

>>14851157
Arbitrage bots. They buy when one exchange has cheaper asset and sell on the exchange that has higher price on it.

>>14851541
But where did it all start?

>>14851157

Because of people and bots, everything is connected.

BitGreen Airdrops in their Discord! only 21Million max supply
Stakebase listed them as their pair (BITG)
20/10% incentives means 5 friends/family staking PoS into BTC makes the service free.
https://bitcointalk.org/index.php?topic=2827989.msg51629410#msg51629410

https://youtu.be/s3SJ2TMIXZI
https://youtu.be/OIamCXZ6CZI

BITG

>>14851523
this the mystery of blockchain, cosmo

>>14851352
Because you are a nigger.

>>14851352
either this is bait or you are a complete imbecile. That anon explained it in the simplest of terms. Do you even know how supply and demand works, nigger?

>>14851181
kek

>>14851207
can confirm this is the ultimate truth
t. IQ 180

>>14851352
>>potatoes and sheeeeit

>>14851157
there's always differences. i have a program running that checks only three exchanges and like 7-8 major currencies.
on days with big market movements like we had the recent days there's ~+5% on some trades. the opportunity usually stay open for couple of hours, very seldom days. on stable sideways movement there's at best a +0.05% gain on a trade. im now working on executing automated trades but its not easy. i doubt too many people have bots running its really difficult.

>>14851212
The absolute state of /biz/

>>14853272
eg when that bitfinex/tether Attorney General Event happened and everyone pulling his crypto from Bitfinex there was up to 7-8% in arbitrage for days. but thats very rare.

>>14851157
Currency is bought on the cheap exchange and sold on the expensive exchange.
The act of buying pushes up the price on the cheap exchange, and selling pushes the price down on the expensive exchange. Eventually they reach equilibrium.