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> 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 arbitrag

• 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.