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/biz/ - Business & Finance

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5751635 No.5751635 [Reply] [Original]

Seriously, just look at how the coins are priced differently on different markets. Buy at the low market and sell at the high market.

It's free money.

>> No.5751671

Everything is expensive as fuck on hitbtc
What exchanges/coins were you arbitraging this week

>> No.5751680

>>5751635
Please can you explain more in-depth how to do this, I tried it and ended up losing money.

>> No.5751696
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5751696

>>5751635
SHUT UP SHUT UP SHUT SUP SHUT USP THU STU SUP THS U UTPS SHU SHTP U SH THP P TUS SHT HS P HSU HSP THSPPS HSPTHSUPHS UPTH SPUHTSPUTHSPUHSTHUPSHPSHTSHTSHSPS

>> No.5751713

>>5751680
don't day trade, OP's an idiot
buy a coin you believe in and hodl

>> No.5751727

>>5751680
This board would advise the bazinga coin kucoin pair with a crypto fish

>> No.5751733

>>5751680

I've been buying a coin on one market for X and selling it on another market for Y. Just do your own research and find the coins with a price disparity on different markets.

Hint: Coins on Binance.

>> No.5751786

>>5751635

It's not because liquidity. You're larping, every newfag see's these "arbitrage opportunities" when they discover coinmarketcap.com and thinks they are a genius.

Show me one real arbitrage opportunity right now.... ill wait. You'll never find one for a few reasons.

1) bots are 100 times faster than you.
2) liquidity.
3) liquidity.

>> No.5751818

>>5751786

I've made thousands of USD in the past few days doing it on one coin. Not going to say which coin it is.

>> No.5751845

>>5751635
>>5751786
OP please do share. I've been searching and every time I find an "opportunity" it turns out its just a huge spread from low liquidity or withdrawals are temporarily down on that exchange or other bullshit

>> No.5751892

>>5751818
Can you tell me what exchanges you usually look at versus the binance price?

>> No.5751916

>>5751892

No. I've already probably said too much and I don't want this free money train to end.

>> No.5751994

>>5751818
I too added 40% to my position in one coin in the last two days. Between Binance and Bittrex...

>> No.5752041

>>5751818

Of course you wont because you're lying.

Do you not understand liquidity?

Say a coins market price is $1 on one exchange and $1.05 on another. To make $500 you would need to buy 10,000 coins at exactly $1 and sell them for exactly $1.05 or more on the other exchange.

The problem is that there most likely isnt 10,000 coins available at those exact prices on each market. Because, LIQUIDITY.

Again, you're larping out of your ass.

>> No.5752112

>>5752041

I'm telling the truth. I've had to use a buy of 15k USD of coin x to then make 15,500 USD on the other market.

>> No.5752186

>>5751786
There are lots of arbitrage opportunities with Korean exchanges. For example, if you can make an account on Korbit (I tried but I couldn't) you can arbitrage for 30-40% returns, which is crazy high. On the other exchanges, it's usually 10% on very good occasions, otherwise less than 5%.

I wrote a program that checks for all these arbitrage loops and there are many opportunities. It uses the order book instead of the last trade price and assumes market orders. So liquidity is taken care of. However, the time it takes to transfer the coins can fuck you real well sometimes.

>> No.5752200

>>5752041
>>5752112
LMAO OP literally has no idea what hes talking about!

>> No.5752260

>>5752186

Today I actually made twice as much money because the transfer took so long. If it had been instant I would have made half as much money. Got real lucky and the market I wanted to sell on went up in price.

>> No.5752314

>>5752200

Probably you're doing this too and don't want people to find out about it so you say I'm larping. You're probably right to do this. I'm drunk because I'm celebrating this week of gains. I should shut up about this.

>> No.5752746

>>5752186
>>5752260

You guys are retarded. lol, keep larping, or hey, just show some proof.

You wont.

>> No.5752772

>>5752314

Shut up, you just started trading, post some proof, blockfolio screen cap? Wallet screen cap? Preferably a cap of some transaction records (feel free to hide the coin itself if its such a secret).

>> No.5752798

>>5751696
This is not new retard
I'm too lazy for this and smart people already got arbitrage bots doing this 24/7, can't compete with that