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You absolutely can make money with bots in cryptocurrency - there are times when different exchanges have $100 differences in the price of bitcoin. During times
by meric 9y ago
You absolutely can make money with bots in cryptocurrency - there are times when different exchanges have $100 differences in the price of bitcoin. During times of volatility you can have bots making money off arbitrage.
- cdvonstinkpot 9y agoAt least circa whenever it was that BTC broke $100, the state of exchanges' APIs was such that arbitrage wasn't practical. I remember reading about it on an old bitcointalk.org thread when the Butter-Bot developers were soliciting feedback regarding what direction their paid customer base wanted them to go. The only working arbitrage software I ever saw was this short-lived one with a circular UI (IIRC), & it wasn't fully automated. I'd be interested to learn the current state of affairs on the subject.
- sushid 9y agoIt's not really pure arbitrage when the prices are so volatile and every transaction takes ~30 minutes to confirm. I'd say he's going to have better luck with smaller crypto trading pairs.