Quote from: Pursuer on May 20, 2017, 03:33:11 AM

here is the big problem with this strategy of yours:

Quote from: nfcmgjh on May 19, 2017, 09:43:32 PM

1) Find a newer exchange that doesn't have a lot of people.

this means when the exchange doesn't have enough people, it doesn't have enough volume. in cryptopia that you mentioned the minimum order that you can make is as small as 500 satoshi and these two means the orderbook is filled with small orders, sometimes it is so small that it can not even cover the transaction fees. and most of the time the profit is so small it doesn't worth the time and risk to even try this.

and worst part is that many of these small exchanges, for example Yobit are scam. or their wallets are empty, out of work, ...
and I have tried this, you go buy some altcoin there and when you want to withdraw you hit a brick wall. your funds will be blocked in limbo because you can not cancel the withdrawal and support doesn't reply and the price keeps falling on both places so when your withdrawal is finally canceled you sell at the same place at a much lower price and lose big time.

Best reply in here. True, I have tried this so many time, and made a nice profit, but ended up losing most (if not all) my funds. YoBit has a lot of arbitrage opportunities, but, as you said, one will hit a brick wall with their ever-lasting maintenance wallet. I have also seen a lot of other exchanges, but the profits seemed to be unworthy of the time, especially now during the rise of bitcoin fees.