Post
Topic
Board Trading Discussion
Re: Arbitrage: have you ever tried and how much have you earned so far?
by
Pfizer
on 15/07/2017, 02:02:03 UTC
I tried CRX/BTC arbitrage into the past and it was pretty unsuccessful as I purchased on yobit and then I saw that the wallet was under maintainance and the withdrawals were not being processed, so I had to contact yobit for support and they said that the maintaiance will take a long time so I had to sell my coins at 10 to 20% loss to get my bitcoins out of there.
I noticed similar situation with EMC2/BTC at Bittrex and Poloniex yesterday. The gap looked too good to be true, so I hard to first confirm why Poloniex end was very high only to discover the coin have been temporarily disabled. Other opportunities I came across happened in the passing as such use of a bot becomes highly essential to be able to catch any opportunity.

Well, I've also tried arbitrage 3 days ago between poloniex and bittrex for emc2 coin. The gap was big enought to make profit. I transfer the tokens to bittrex. And then the gap got much smaller. So I finished it with a very little profit.