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I made ~$4000 last month by arbitraging crypto currencies on 3 markets. I use a bot to do the work for me, but I monitor it very closely and I spend a lot of o
by eljamon 9y ago
I made ~$4000 last month by arbitraging crypto currencies on 3 markets.
I use a bot to do the work for me, but I monitor it very closely and I spend a lot of optimizing the old code. I don't have much money on the exchanges because I don't trust them but I could make much more if I wanted to risk more.
- graedus 9y agoCool. What's the bot written in, just out of curiosity?
- sillysaurus3 9y agoYou could make much more now, since it's a bull market. Careful for the downswing. Also it seems unlikely that the same algorithms would work at larger scales. How much did you need to get started? I assume you have to risk much more than $4k to make $4k.
- et-al 9y agoWhen you say 3 markets, do you mean between 3 currencies, or actual exchanges?
- nylonstrung 9y agoHow much capital did you need to put in to generate that 4K?
- thisisit 9y agoThis. Arbitrage is something which has real potential in cryptocurrency markets but the problem remains on the capital front.
- nexus2045 9y agoImpressive, how did you get started doing this?
- zupreme 9y agoHow are you dealing with the liquidity problem though? Are you just leaving the coins in your wallet(s) or are you actually cashing out regularly (i.e. selling the coins for $)?
- ixacto 9y agoWhich exchanges are you using if you don't mind my asking? I have some btc that I mined ages ago and want to do something interesting with it..