Ninjastic
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Board Bitcoin Discussion
Re: Currency is not the same price, you can buy low and sell high profit?
by
michellee
on 18/08/2021, 10:29:59 UTC
Quote from: Somail12 on August 17, 2021, 09:35:59 PM
Quote from: ajhsjzxi on August 16, 2021, 09:16:26 AM
Recently, the price of Bitcoin has fluctuated sharply, and arbitrage windows have appeared on many exchanges. The price of Bitcoin on Binance is US$47,000, while on some exchanges in South Korea, the price of Bitcoin is US$51,000. If you buy in Binance and then sell in South Korea, you can make a profit of $4,000. I am considering doing this. I want to hear your opinion. Huh
There are lot of things that you need to consider to do arbitrage trading. For some exchange, they require you to do strict KYC check and of course for every transaction. how much time it will take to confirm your transferred funds. Bot can also manipulate pricing. I tried it before but it didnt work for me. Sad
We need to consider the time of the transaction because we can not predict the time accurately. Maybe before we send the bitcoin, the price is still high, but there is no guarantee for the price to stay at that price. Who knows, after we send, the price is down sharply and once the transaction got confirmed, we can not sell at a high price. As usual, high risk can give you a high profit but be careful. Not every time you will get your luck.