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I found an arbitrage opportunity with cryptocurrency a few years back, but it took two months to convince my friend to let me run the trading bot I cobbled toge
by VRay 5y ago
I found an arbitrage opportunity with cryptocurrency a few years back, but it took two months to convince my friend to let me run the trading bot I cobbled together to exploit it on his account (and that whole time I was waiting for my accounts to get approved..)
It magically generated about $8000 in a couple of days, and then the market came crashing down and the inefficiency it was exploiting disappeared forever
Pretty **ing frustrating, and it's all the Efficient Market Hypothesis' fault
You should look up the debates that Warren Buffett has had with people about the EMH, it's insane
- MichaelZuo 5y agoWell in hindsight that sounds like you got compensated for the risks you took. Especially since you didn’t say $8000 out of how much moved…
- sommohapatra 5y agoWhat was the arbitrage? I figure if it doesn't work anymore, no loss in sharing
- VRay 5y agoAh, nobody will ever share any details of an arbitrage opportunity if they find one, since you're competing on a single global market with everyone else who knows how it works I'm hoping that whoever snatched this up won't be ready to grab it quickly if it ever reappears someday