Post
Topic
Board Trading Discussion
Re: Arbitrage: have you ever tried and how much have you earned so far?
by
BrewMaster
on 15/07/2017, 15:33:01 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.

i have been affected by this also! and it was similarly on Yobit. the price difference was so big that i fell for it and forgot to check first.
later on i found out that most of their wallets are dead. it is ridiculous actually. every coin that you click on has a dead wallet! i wonder how much server space did they buy! 100 MB probably Cheesy