Post
Topic
Board Investor-based games
Re: btc-arbs.com - Daily ROI (0.01-10%) Update: Registration issues + deposits
by
mystix
on 15/03/2014, 22:34:44 UTC
So lets everyone guess and make up their own strategies, and continue to assume from what the bot we designed would do.

Its already been outlined by me and a few others how fiat and BTC are not the only 2 choices to arbitrage, especially when you're not just talking the main few exchanges. BTC is faster then fiat? Certainly, and LTC is faster still, and Fast is faster yet again. Converting to fiat would be a last resort as its slow to move, and there's always significant fees involved, greater then converting to any of the other coins.

Mods from BTCe have been reported from their own admins in chat to 'dislike arbitrage' and work to minimize that. Cryptsy just 'happens' to slow down during periods of high arbitrage trading opportunities. Its reasonably clear that they do their best to discourage the draining of their own reserves simply because of a price difference.

With that it would be silly if btc-arbs would 'open up his books' and explain to us what he's doing. It doesn't do any of us any good, as we're clearly not doing any better ourselves. At the same time it puts his own operation more at risk, as reps of the exchanges are just as likely to be reading as we are. Not only does it not do any good, it likely wouldn't even make any of the whiners any happier then they are now. So what if he works out a few trades on paper to tell us about, does that make it any more real then it is now? No. Is he likely to outline every trade and every move? As explained, No.

If hes buying bread with the BTC and Fiat, feeding it to hamsters, and using that to power his massive mining operation, it doesn't matter. The only true thing that matters is that we are continuing to get a documented percentage, deposits, and withdrawls are both working and continue to do so reliably. BTC-arbs withdrawls are more reliable lately then a lot exchanges out there in fact.

If someone does manage to go to one of the cocktail parties great. If you see his giant hamster farm power his arduino trading platform, even better drop a report on us. Ideally, include pictures. This constant stream of suppositions and guessing is ridiculous.