Crypto currecy Arbitrage

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Bobo
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Bobo

Crypto currecy Arbitrage
« on: November 29, 2017, 02:27:05 PM »

Anyone here doing Crypto currency Arbitrage?

I have some question to ask.

This is better  than sport arbitrage no limitations.
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dealer wins
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dealer wins

Re: Crypto currecy Arbitrage
« Reply #1 on: November 29, 2017, 02:40:54 PM »

Sounds more high risk than depositing into 1Xbet but if your making it work best of luck to ya!!
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maletaja
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Re: Crypto currecy Arbitrage
« Reply #2 on: November 29, 2017, 03:08:00 PM »

I think it isnt so easy. It applies to tax issues. Sportbetting is tax free
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ivy-fru
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Re: Crypto currecy Arbitrage
« Reply #3 on: November 29, 2017, 03:26:01 PM »

Business insider had an article these days. 3% difference in BTC prices on different bitcoin exchanges...
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Thordin
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Re: Crypto currecy Arbitrage
« Reply #4 on: November 29, 2017, 06:25:04 PM »

If you have one leg in fiat, it is tricky, because it is not easy to move large amounts of fiat around bitcoin exchanges.
If you can do that, then there is a lot of money to be made.
USDT is not the same as USD.

If you only have legs in crypto, then you take currency risks, price flactuation while holding alts in different exchanges.
Some altcoins need a lot of time before they are credited, 20, 50, 100 confirmations, depends how strong their network is.

Do not forget the custodial risk, and exchange running with your crypto.

Anyway, there is many thing to be said with sports arbitrage and yet we make money, so im certain people manage to make money arbing cryptos too!
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maletaja
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Re: Crypto currecy Arbitrage
« Reply #5 on: November 30, 2017, 11:25:20 AM »

Probably its possible like stock arbing or currency arbing. But noone come here to talk about how they do it, just silently cashing out millions
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djordjeno
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Re: Crypto currecy Arbitrage
« Reply #6 on: November 30, 2017, 11:49:22 AM »

Anyway, there is many thing to be said with sports arbitrage and yet we make money, so im certain people manage to make money arbing cryptos too!
>> Yes, there is even source code on github for one of solutions.
You must put your rest api keys inside that this can work (of course at your server)
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jor_dan
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Re: Crypto currecy Arbitrage
« Reply #7 on: December 06, 2017, 08:09:39 PM »

Cryptocurrency arbitrage was impossible even when BTC-E worked. There is only one thing why it is not possible - you cannot deposit and withdraw funds quickly.
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downunder
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Re: Crypto currecy Arbitrage
« Reply #8 on: December 08, 2017, 12:00:52 AM »

Cryptocurrency arbitrage was impossible even when BTC-E worked. There is only one thing why it is not possible - you cannot deposit and withdraw funds quickly.

Yeah but with arbs as high as 20% then it's worth it. If you have a bank account in eurozone and say bank account in australia it can be extremely lucrative.

Also Ethereum is much faster than bitcoin - 10-20 min confirmation time. Just hedge against eth price fall while it's being sent.

Currently investigating how to get money into eurozone so I can cash out in Australia - at times there is a 20% price premium (arb)
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Yngwie/Sawyer
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Re: Crypto currecy Arbitrage
« Reply #9 on: December 08, 2017, 04:56:16 PM »

It doesn't matter if you can deposit and withdraw quickly. Why it would matter? What's the problem if you withdraw your cash after few hours? You make the arbitrage instantly. Cashing process does not matter. Cyptocurrency arbitrage will be the future form of sports betting arbitrage.

Also, trading cryptocurrencies alone (without any sports betting) is profitable too.

« Last Edit: December 08, 2017, 04:58:12 PM by Yngwie/Sawyer » Logged

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maletaja
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Re: Crypto currecy Arbitrage
« Reply #10 on: December 08, 2017, 07:01:56 PM »

Anyone knows how to sell or (short) coin? If u want to arb u must sell asset that u dont have?
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jor_dan
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Re: Crypto currecy Arbitrage
« Reply #11 on: December 09, 2017, 06:59:09 PM »

In order to trade cryptocurrencies or do arbitrage one should keep a lot of funds on exchanges. Are you ready to risk?
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my_username
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Re: Crypto currecy Arbitrage
« Reply #12 on: December 12, 2017, 09:28:44 AM »

Anyone knows how to sell or (short) coin? If u want to arb u must sell asset that u dont have?

you can do margin trading with borrowed assets, this way you don't need assets to sell. some exchanges support this.

but like thordin said, moving money is a hustle and these exchanges are even bigger mafia than sports books

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maletaja
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Re: Crypto currecy Arbitrage
« Reply #13 on: December 12, 2017, 09:35:40 AM »

These exhanges isnt regulated. I  am not sure how much money i want to hold there. Bigger one mayby 10k, smaller ones 1k maximum
Another bad thing is. Unlike sportbetting its taxable event. Every trade u make is taxable event.
Third thing u can get phone call from your police station for money loundering issues...
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my_username
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Re: Crypto currecy Arbitrage
« Reply #14 on: December 12, 2017, 09:43:55 AM »

that depends on a country, maybe in UK but mostly crypto trading isn't regulated so it's tax free, at least in the balkans
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