what Vach is saying here (and getting wrong btw) is that he is alluding that arbitrage traders NEVER move funds between accounts and that's just patently wrong.
It's not. Your way will probably work every now and then, but because it's expensive and slow and the price difference between exchanges is small, it won't be very profitable. Vachs way is better, you just don't understand what he means.
Sorry still not sure.
Does bitcoin-trade.biz arbitrage in Vachs way or in blackhathasher way?
In either way, all depends on the principal amount of the investment. 0.1 % a day is easy for 0.1 BTC, but quite hard for 1,000 BTC.
You move funds very rarely, given that you do arbitrage with 2 exchanges one of ballances is getting more value in assets, and to be effective you need to make sure you have equal amount in every exchange ballance (but in fact there are differences some exchanges have higher price fluctuations thus you need to have more cash here, and when you have not 2 but 5 exchanges waiting for the opportunity this one can provide opportunity for several other exchanges).
nothing complicated here, the difficult part is how do you calculate what price difference you will sell/buy and what difference you will balance accounts... Also you have to analyze which exchanges are needing more cash (creating more opportunities)... Those are complicated optimizations...
I'm using it as my safe way to earn money, there is no risk involved here (only if with some wonder bitcoin prices equals to 0, even then i'll save half of my assets), but to be honest its not that profitable, sometimes you can see for hours no opportunities are appearing... But this is my SAFE place to do that, I can never rely 100% on any Investment option out there (BT, Zen) those are more profitable but those involve RISK.
either way you need to use your brain