3 ms·

Bitcoin arbitrage.

lfx 11y ago
Correct my if I'm wrong but bitcoin arbitrage doesn't seem like good idea, here is pretty good explanation - https://www.cryptocoinsnews.com/bitcoin-price-arbitrage-explored/ https://www.cryptocoinsnews.com/bitcoin-price-arbitrage-expl... I would better put my money in more "real" etf's and start from there.
- joeyspn 11y ago
  > Correct my if I'm wrong... You are very wrong, plus you are talking to jerguismi (localbitcoin's founder), who I'd presume has made quite a bit from arbitrage in the space...
  - jklein11 11y ago
    The article does make a very interesting point. One which I'm hoping jerguismi could respond to. The article talks about the slow transaction time being a barrier to arbitrage. Basically, you couldn't buy in one market and sell in another market simultaneously. Wouldn't that make an arbitrage opportunity speculative? Also, because jerguismi is a founder of a bitcoin exchange, isn't it in his interest to promote trading bitcoin? I have no reason to believe that jerguismi would misrepresent his knowledge, but I think his role in the bitcoin community isn't de facto evidence that his statement is true.
    - joeyspn 11y ago
      > The article talks about the slow transaction time being a barrier to arbitrage. The article is wrong on many levels. You don't need to transact (or even own) bitcoins in order to arbitrage. You can just buy/sell and open short/long positions via the exchanges websockets API... Not WallSt speed, but a decent speed for any self-made bot vs point&click traders.
      - thecatspaw 11y ago
        Can you elaborate a bit more? What do you mean by "You can just buy/sell and open short/long positions"?
  - lfx 11y ago
    Can you please elaborate more? I would like to learn about this topic. Or at least give me some good pointers to look quality information.
thesmok 11y ago
In the Spring 2013 I made $4k in one month on that. Just bought $2k worth of bitcoins and sold them for $6k a month later. But it was way easier back then (because bitcoin price just kept growing without any downward motion), and I was risky.

Bitcoin arbitrage.

lfx 11y ago

Correct my if I'm wrong but bitcoin arbitrage doesn't seem like good idea, here is pretty good explanation - https://www.cryptocoinsnews.com/bitcoin-price-arbitrage-explored/ https://www.cryptocoinsnews.com/bitcoin-price-arbitrage-expl... I would better put my money in more "real" etf's and start from there.

joeyspn 11y ago
> Correct my if I'm wrong... You are very wrong, plus you are talking to jerguismi (localbitcoin's founder), who I'd presume has made quite a bit from arbitrage in the space...
- jklein11 11y ago
  The article does make a very interesting point. One which I'm hoping jerguismi could respond to. The article talks about the slow transaction time being a barrier to arbitrage. Basically, you couldn't buy in one market and sell in another market simultaneously. Wouldn't that make an arbitrage opportunity speculative? Also, because jerguismi is a founder of a bitcoin exchange, isn't it in his interest to promote trading bitcoin? I have no reason to believe that jerguismi would misrepresent his knowledge, but I think his role in the bitcoin community isn't de facto evidence that his statement is true.
  - joeyspn 11y ago
    > The article talks about the slow transaction time being a barrier to arbitrage. The article is wrong on many levels. You don't need to transact (or even own) bitcoins in order to arbitrage. You can just buy/sell and open short/long positions via the exchanges websockets API... Not WallSt speed, but a decent speed for any self-made bot vs point&click traders.
    - thecatspaw 11y ago
      Can you elaborate a bit more? What do you mean by "You can just buy/sell and open short/long positions"?
- lfx 11y ago
  Can you please elaborate more? I would like to learn about this topic. Or at least give me some good pointers to look quality information.

thesmok 11y ago

In the Spring 2013 I made $4k in one month on that. Just bought $2k worth of bitcoins and sold them for $6k a month later. But it was way easier back then (because bitcoin price just kept growing without any downward motion), and I was risky.