Quote from: CurbsideProphet on March 24, 2014, 09:09:34 PM

Quote from: crazyivan on March 24, 2014, 07:35:13 PM

Quote from: BittBurger on March 24, 2014, 02:02:57 PM

My arbitrage:

1) Buy large quantity and hold in paper wallet.
2) Buy smaller amount and hold in hot wallet.
3) Spend smaller amount.
4) Replenish smaller amount.

Repeat.

Guaranteed earnings. Promise.

-B-

Heh, that is really cunning plan. But I am really interested in experiences of people who have been actually doing arbitrage. With this constant 2% spread on average between exchanges, there must be some people who profit on this. Am I the only one making money on BTC arbitrage?

Hope you don't mind me asking, but are you in the US? The only reason I ask is because I know a while back a bunch of people had their accounts frozen when they were conducting high volume Bitcoin transactions. Just something to be aware of.

Thx for this warning but no problem about this, I am in Europe and my transactions are not high. Just enough to be more profitable then mining.