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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-arbit
by 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 agoThe 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 agoCan you elaborate a bit more? What do you mean by "You can just buy/sell and open short/long positions"?
- lfx 11y agoCan you please elaborate more? I would like to learn about this topic. Or at least give me some good pointers to look quality information.