[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 97 KB, 720x532, Bear Crab Crabear.jpg [View same] [iqdb] [saucenao] [google]
50793921 No.50793921 [Reply] [Original]

Crabbin' is an excellent and (relatively)safe way to make gains if you are running a bot.
Especially now with binance running NO FEES on BTC type swaps.

>> No.50793938

Yeah but the problem is not know when it will flash crash. You can earn a good 7% with every trade or so but if it flash crashes, all that gains is gone. Exact same situation as back in 2018

>> No.50793939

>>50793921
Do you just run a bot that does arbitrage across marketplaces via API calls? Seems like a pretty tough place to make much money.

>> No.50793951
File: 717 KB, 1131x1234, 21A37EA8-B968-465D-8960-9BD8A6A88D49.jpg [View same] [iqdb] [saucenao] [google]
50793951

>>50793921
Im making $150-200 a day from this market by shorting and longing. Pretty neato when you consider Im dumb and poor. Beats a day of wageslaving I tell you h’wat.

>> No.50794060
File: 212 KB, 1035x1375, snib1.jpg [View same] [iqdb] [saucenao] [google]
50794060

>>50793921

OK. as you can see the pnl is off on this little fugger. These number are NOT accurate.
No problem. What I do is this:
I set a balance limit on what the proggie can use. Right now it's allowed 2BTC and 46000 USD.
I log what I have in my wallet for USD & BTC at the start of the run.It has been 0 USD and 6.25 BTC.

i am going to check to see what I have really made IF i was to cash out.


I find Flash crash / flash pump doesn't matter, as long as you set a ceiling and a floor, AND inventory skew to keep the BTC. reality is you don't lose much ( if anything) because the automation pics it back up again.

The config file is your friend.


>>50793951
I cannot do that shit. Not my bag. You balls have my respect.

>>50793939
no arbitrage , just pure market maker.. THE CEX fees are what is going to kill you.