Buy Low, Sell High
ARBITRAGE : is the simultaneous purchase and sale of an asset to profit from a difference in the price. It is a trade that profits by exploiting the price differences of identical or similar financial instruments on different markets or in different forms. - Investopedia.com
So now you know was arbitrage basically is and now as to why you should care. If you are reading this, then you know about crypto-currencies and most likely are invested in one or more of these cryptos, either directly or indirecty. If you buy cryptos and/or trade them or simply Hodl, then you are directly involved. If you are merely here on steemit for the payouts in crypto (Steem) then you are indirectly involved in the crypto-currency movement. Either way, arbitrage does affect you because it affects the price of crypto-currencies.
In this case, I want to give an example of a crypto-currency that can be traded using arbitrage. In this case, Bitcoin Diamond (BCD) is in play. Right now you can find BCD on Gate.io exchange for around $20 US Dollars but on Binance you can sell it for around $98 US Dollars. Now don't forget there are trading fees and taxes to pay, but there is still a profit left over.
Now remember, this is not trading advice and prices can be extremely volatile rather quickly so take this as a simple trading lesson. 2018 is the year of the Crypto, so hang on for the SkyRocket Up!
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I have done some arbitrage with physical items but never with crypto. Hmmm I might have to look deeper into this. Sorry about Bitconnect by the way. Did you sell the BCC they gave you or send it over to BCCx??
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Time is the biggest player in arbitrage. If we can do it with steem and sbd, they are really fast in transferring and very low txn fee.
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You are correct @rocksg Transaction time is Very Important when considering Arbitrage.
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I like making arbitrage because i can earn quickly profits i mean i can earn 3-10% of my invest but always you will have some of risk for example yesterday i send some siacion from poloniex to bittrex and i earn 50 satoshis per coin but i felt too impatient because my coins took more than 3 hour to appear. Regards and good post friend
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Thanks for the input @dim753 I forgot to mention that too. Sometimes coins don't show up quickly in your wallet and that will affect your trading/arbitrage results, so again, Be Wise when making these types of moves!!
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Correct man you have to know how faster is the blockchain of the coin and play with that time. Regards
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Is there really enough incentive to attempt to arbitrage? I've always looked at price differences and wondered if it was profitable. I've always been to scared of losing money to some sketchy exchange or prices changing on me mid transfer.
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Wow, is it profitable to trade like that? I have a feeling that it can give huge rewards. When you wait on multiple exchanges for the price to rise and then buy it cheap from another one.
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There are those who do make money this way @sadpotato
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It's a huge discovery for me, I should think about potential profits now.
Thank you, master Streetstyle.
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Buy Low, Sell High that's the only strategyi am following till now but thanks for sharing this too
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interesting aspect i like that thanks for the post
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a new thing i learn to make some few bucks ;)
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its the perfect time to do some arbitrage ;)
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difference in prices is just for a moment and when you reach to sold its all over
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ARBITRAGE is a thing that every one need to take care of you explained in the best possible way
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this might be risky too i think as the exchanges play very smartly that time isn't it
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i have tried it and it all depends upon how quick we are to use the opportunity
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If we do steam instead of where else, then it seems good for everyone.
your post very nice for this time...
thanks
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Thank you!! That you make time and look my post :) I but more soon .
And I like it " Buy Low, Sell High " :))
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Oh, so that's how it's called.
I was thinking of trading in few exchanges to try it out.
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@originalworks
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Great, I myself have found some arbitrage opportunities lately but didn't have enough capital to use it...
interesting tho..it sounds like a bug to me
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Excellent suggestion and i agree with you buy low and hodl and then sell high in cryptos is always a right way to trade and honestly i don't know about BCD thanks for telling us about this coin, i will do more research on it soon, Stay blessed
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Thanks a lot for sharing and discuss
About Bitcoin.
I think this time bitcoin some things demotion .
But some time after increase bitcoin .
Thanks for sharing news feed of bitcoin .
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This is so informative, presently i am on forum where Arbitrate advices are being given, it so helpful to have seniorsn friends and advicers, it just makes the world look easy
Thanks much @streetstyle
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I have always thought about this idea. I did this Fir ripple when 2 exchanges in India had major price difference. I earned some amount of money when withdrawals on one of the exchange were stalled.
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can new user use it
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Great strategies i could learn :)
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Great thing you explained today very important for all who are int crypto space thanks for sharing
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https://busy.org/indonesia/@fajrinurdin1990/indonesian-nature-change-e3762807938eb
Help like to have us my friend
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Thank you very much
I am glad I found you article
I am interested in the bitcoin
I will definitely buy a few and make an exodus wallet too
It seems to be a very good useful coin
Thanks again
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really nice informarion sir
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BTC was at 20k and 15k in different exchanges at various times during its peak. This is true with plenty of alt-coins right now as well. Some of it's really amazing to see....its almost free money for the taking.
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Why don't you buy Rialto and they do Arb for you?
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Nice information sir
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