3 ms·
Btw, people are doing lots of arbitrage with crypto currencies as well if you weren’t already aware. It could be a fun way to play with it without spending much
by seanp2k2 9y ago
Btw, people are doing lots of arbitrage with crypto currencies as well if you weren’t already aware. It could be a fun way to play with it without spending much if you’re interested.
- santiagobasulto 9y agoI've been thinking about this for some time now. Do you have any resource to share or know anybody doing it?
- jstanley 9y agoPeople doing it successfully are unlikely to share their secrets, unfortunately.
- pc86 9y agoUntil/unless the crypto market in general crashes, or the gains have all been arbitraged out, at which point we'll see a flood of Medium posts about how someone bought their house by arbing DOGE.
- S3raph 9y agothe problem with cryptocurrency arbitrage is that the profit depends on how fast/reliable the various exchanges process your transactions and how much the transaction fees are and not how sophisticated your algorithm is. nice read: https://steemit.com/arbitrage/@kesor/the-math-behind-cross-exchange-arbitrage-trading https://steemit.com/arbitrage/@kesor/the-math-behind-cross-e...
- fastball 9y agoAnd the handful of cryptos that don't have tx fees (NEO/IOTA spring to mind) have already been arbitraged to within ¢¢¢ of each other.
- alphydan 9y agoMaybe nit-picking ... but shouldn't a very sophisticated algorithm precisely incorporate the reliability/speed of the various exchanges (maybe based on past and current latency or downtime which weighs the risk of a transaction not clearing at a given exchange). The smartest algorithm should be able to win such a battle on average.