Re: Arbitrage with guaranteed profits with Bitcoin-Brokers.

Quote from: justusranvier on July 13, 2013, 01:51:52 AM

Quote from: Rishodi on July 13, 2013, 01:46:42 AM

Currency fluctuation is one of the risks I have to account for on localbitcoins, because some buyers will try to exploit price changes in just that fashion.

FYI, you can fix that with better formulas: http://localbitcoins.blogspot.com/2013/06/this-is-first-in-series-of-posts.html

Touché. I'd read that post before. It's about time to implement it.

Quote from: sayulita on July 13, 2013, 02:27:54 AM

Quote from: Rishodi on July 13, 2013, 01:46:42 AM

Where are you pulling historical market data from -- is it the price on a particular exchange or a weighted average?

Looking at the prices of MtGox at the same time displayed as the timestamp on the bank receipt.

Cool, I was just wondering if you were using MtGox data, or a weighted average, etc.