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/biz/ - Business & Finance

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10980246 No.10980246 [Reply] [Original]

/biz/, I started programming a crypto arbitrage bot in Python about a week ago, connected to 6 exchanges.

Has anyone here tried this already?
Is it profitable?
Is this stupid to do?

>> No.10980338

>>10980246
if someone took a photo 10 seconds after this one was taken that bag is missing and all you can smell is nigger

>> No.10980371

Who the fuuuuck is that so I can marry her

>> No.10980389

>>10980371
She has a tattoo. Don’t do eet

>> No.10980393

>>10980389
She's fuckin juicy though. Definitely worth a smash.

>> No.10980426
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10980426

>>10980246
The thing about arbitrage is your usually selling one coin and buying another to transfer(unless your using usd or yen), however the other coin is also inflated on that exchange, so it eats at your profit. Not to mention the fees
>sell fee
>buy fee
>withdraw fee
>deposit fee
if you made a bot that does this successfully can I see it?

>> No.10980427

>>10980246
lol she cant even walk with that shit on

>> No.10980446

I tried that. But there were bots faster than me. Had to abandon the idea. More often than not one order in the exchange didnt execute fully, leaving me with partial limit orders.
This was prebullrun times. Now there are probably more bots.

>> No.10980461

My bot was in jsnode(promises were a pain to program).
I liked it. I learnt a lot.
When I have free time I could run it again.

>> No.10980494

The thing is: market makers seem to follow interexchange prices.
Poloniex and gdax had fee structures (but binance doesnt, which is great).
What my bot caught was mostly flash spikes in the price, since prices were otherwise aligned.
Liqui.io had a bigger divergence, but I was afraid of touching that.

>> No.10980515

What you need to arbitrate is BUYING PRESSURE. Let me emphasize this: Anomalies and barriers.
The bullrun was so profitable I thought of quitting my job. Thank God I didnt.

>> No.10980545

>>10980446
>faster than me
you dont need to race anyone in arbitrage trading if you hold the spread on both exchanges

>> No.10980634

BTW, you are asking about whether or not it can be done.
Calculate it, my man.
I remember about this time 11 months ago. I had so many hopes about my beautiful and technical bot... With some days work it could become an absolute unit (interexchange margin plus triads margin).
I dunno man. Have fun doing it, but dont expect many returns. If you have other good paying coding projects, dont focus on this.

Btw, barts are dangerous for something like this.

>> No.10980674

>>10980545
Nice approach. My bot was only a taker.
Spreads are battlefields on many fast exchanges. Look at poloniex or bittrex.

>> No.10980702

There were many threads about bots in that time, before the bullrun. There was even a discord and teams.

>> No.10980744

>>10980246
the spread is big on most cryptos
so maybe not

>> No.10980821

>>10980634
If you have other good paying coding projects, dont focus on this.

Im a compsci cuck trying to make money and perhaps drop out of uni if i get to make something succesful. I dont have much experience regarding previous projects, but have basically been like a neet on the internet for years, so i know quite a lot, and am very good at picking difficult things up. Do you happen to know something that will make money, doesnt have to be easy. I really have no idea what to do.

>> No.10980881

>>10980338
I mean what did you expect her boyfriend to do?

>> No.10980882

Like crypto HFT?

>> No.10980883

Share your email/kik/whatever?
We have some website coding project going on.
If my boss agrees you could help us

>> No.10980933

>>10980883
i have free time and have very low work load this year. am very dedicated if i get to do something promising. see >>10980821.

d2205559@nwytg.net if you need to contact

>> No.10981227

>>10980821
what projects have you already completed or tried to complete?
worst programmers are those who start something and never finish it

>> No.10981339

>>10981227
I have only done university projects, was busy with other things in life. Now I looking for things to do.