Post
Topic
Board Bitcoin Discussion
Re: Bitcoin arbitrage - how to do it?
by
samaney
on 14/01/2024, 18:47:18 UTC
simple
dont just use BTC/USD
dont just buy btc using USD
dont just sell BTC to USD
because then you are left waiting for the markets to correct before jumping back in


instead arbitraging is to use the other markets to arbitrage cycle clockwise and anti-clockwise to get back into position to then take advantage of BTC deals
[BTC->USD]->[USD->ETH]->[ETH->BTC]
[BTC->ETH]->ETH->USD]->[USD->BTC]
(i do not endorse the ETH market, its just an example)

once you know the technique you can find your own market coin(s) to hop across to cycle back quickly and maximise deals. different coins rate at different rates so different opportunities arise at certain times

i feel you dont understand arbitraging nor its method nor techniques. you would be at risk.. it seems someone just blindly told you "get rich arbitraging" and thats the extent to trading knowledge given to you

Thank you Franky1. Is there any open source software or a fund manager trades in my own account?

You told I am trying to get rich with arbitraging. As you saw I am fine with 20% per year. This is opposed to most of the BTC investors who want to maximize returns faster. My government gives bonds with 10% and I am fine with 20% when arbitraging.