6 ms·

MtGox at $90 and BTCe at $83. Easy arbitrage money? Probably not, but why not?

by limmeau 13y ago

nazgulnarsil 13y ago
transaction fees and liquidity.
- conjectures 13y ago
  Looks that way - which says something about the maturity of the bitcoin system.
  - netcan 13y ago
    Looking at it another way. Considering the maturity of the bitcoin system, it's amazing how much attention and money has gone in.
shawabawa3 13y ago
I tried but it was too much effort. All the api's are unreliable, it's hard to tell if your order went through, if it did you have no idea how long it will actually take. Then, once you've run out of money on one of the sites you have to go through the expensive and lengthy process to get more on, and you have to go through the same again to actually withdraw. It ends up just not being worth the time
- rfnslyr 13y ago
  Actually I was planning on writing something of an arbitrage bot. It's hard though, I don't have any technical analysis knowledge. However, I did make over a grand on BTCe just buying and trading between LTC, BTC, and USD, and other small numbers that used to get "pumped". Quite fun.
- abrkn 13y ago
  I haven't had time to polish these, but would be interested in collaborating with someone to make something robust. Automatic trader: https://github.com/abrkn/margin https://github.com/abrkn/margin Common interface to several exchanges: https://github.com/abrkn/hail https://github.com/abrkn/hail Margin would be very nice with more tests and state.
Mahn 13y ago
Good luck transferring USD to BTC-e, and good luck getting a wire through from Mt.Gox afterwards.
jerguismi 13y ago
Exchanges have really difficult liquidity problems... Unlike localbitcoins.com ;)
abrkn 13y ago
Disclaimer: I run an exchange To do arbitrage, you need need the ability to move both BTC and USD between MtGox and BTC-E quickly. BTC is moved easily, at 6 confirmations (~1 hour) However, people are waiting up to 7 weeks to have their USD withdrawn (see Bitcointalk). Combined with lawsuits aimed at MtGox and lack of transparency, this leads to a situation where USD on MtGox is worth less than USD on BTC-E (or Bitstamp)

MtGox at $90 and BTCe at $83. Easy arbitrage money? Probably not, but why not?

by limmeau 13y ago

MtGox at $90 and BTCe at $83. Easy arbitrage money? Probably not, but why not?

nazgulnarsil 13y ago

transaction fees and liquidity.

conjectures 13y ago
Looks that way - which says something about the maturity of the bitcoin system.
- netcan 13y ago
  Looking at it another way. Considering the maturity of the bitcoin system, it's amazing how much attention and money has gone in.

shawabawa3 13y ago

I tried but it was too much effort. All the api's are unreliable, it's hard to tell if your order went through, if it did you have no idea how long it will actually take. Then, once you've run out of money on one of the sites you have to go through the expensive and lengthy process to get more on, and you have to go through the same again to actually withdraw. It ends up just not being worth the time

rfnslyr 13y ago
Actually I was planning on writing something of an arbitrage bot. It's hard though, I don't have any technical analysis knowledge. However, I did make over a grand on BTCe just buying and trading between LTC, BTC, and USD, and other small numbers that used to get "pumped". Quite fun.
abrkn 13y ago
I haven't had time to polish these, but would be interested in collaborating with someone to make something robust. Automatic trader: https://github.com/abrkn/margin https://github.com/abrkn/margin Common interface to several exchanges: https://github.com/abrkn/hail https://github.com/abrkn/hail Margin would be very nice with more tests and state.

Mahn 13y ago

Good luck transferring USD to BTC-e, and good luck getting a wire through from Mt.Gox afterwards.

jerguismi 13y ago

Exchanges have really difficult liquidity problems... Unlike localbitcoins.com ;)

abrkn 13y ago

Disclaimer: I run an exchange To do arbitrage, you need need the ability to move both BTC and USD between MtGox and BTC-E quickly. BTC is moved easily, at 6 confirmations (~1 hour) However, people are waiting up to 7 weeks to have their USD withdrawn (see Bitcointalk). Combined with lawsuits aimed at MtGox and lack of transparency, this leads to a situation where USD on MtGox is worth less than USD on BTC-E (or Bitstamp)