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Showing 4 of 4 results by Auxcordaz321
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Board Beginners & Help
Re: Is Arbitrage legit?
by
Auxcordaz321
on 27/08/2020, 03:29:51 UTC
Quote from: actmyname on Today at 03:01:07 AM
Quote from: Auxcordaz321 on Today at 02:39:14 AM
Is it viable then to develop my own program and assemble a team in order to scout for opportunities on all the exchange sites, as a hand-developed bot would be legit? And since the concept of arb is legit it should work out overall.
The answer is, "maybe."

The problem is because arbitrage is a known concept, but crypto is a fairly new and niche space. With certain markets, especially for new coins, you will definitely be able to make a profit from arbitrage - even probably manually - but when it comes to major exchanges, I'm unsure about the effectiveness of common strategies. You'd have to innovate or get lucky, I think.
What about sports arbitrage, I can see that working out quite well but I'm not too familiar if that is a common enough occurrence to really happen. In sports arb I dont see why the user can't just bet on both outcomes and simply profit on the same match. I've seen the concept before but I'm not sure why its not being more widespread than what is is currently.
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Board Beginners & Help
Re: Is Arbitrage legit?
by
Auxcordaz321
on 27/08/2020, 02:39:14 UTC
Quote from: actmyname on Today at 02:28:04 AM
What you just wrote is precisely why the ones that are being sold are not the ones that the developers would actually use. One you start listing an item on the market, you're opening it up to heavy saturation. The profits will either be very minimal, or they will be very quickly.

The opportunity to scam someone is always there, as well, but this happens in nearly every situation.
I'm aware for the possibility of a scam that's why I wanted to post here to verify before I jump the gun. So you think there's a high chance that they keep good version for themselves and sell dysfunctional bots to the users that only show a fraction of the real arbitrage opportunities? It's definitely possible. Is it viable then to develop my own program and assemble a team in order to scout for opportunities on all the exchange sites, as a hand-developed bot would be legit? And since the concept of arb is legit it should work out overall.


Quote from: crwth on Today at 02:29:25 AM
Risk by holding a bag in which you cannot sell anymore in profit due to the lag in the market price changes.
I'm assuming you mean that the prices change while during a cycle? That's one of the things I was slightly confused about. If the bot starts a cycle and isn't able to complete it, would it simply try to revert back to the original currency, or does it continue the cycle at a loss. I'm also not sure if it's the bot that performs the transaction, or rather it simply alerts me of the opportunity and I have to do the cycle myself. Thanks for your offer for help.
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Board Beginners & Help
Re: Is Arbitrage legit?
by
Auxcordaz321
on 27/08/2020, 02:23:36 UTC
Quote from: actmyname on Today at 02:19:40 AM
Bots for arbitrage are most definitely not going to land you a profit, but arbitrage in general is a real exploitative strategy of the time/valuation lag in markets.

The problem with buying bots for it are that you run into the likelihood of it being a scam, or the likelihood of the strategy being too saturated by virtue of its being-sold status.
If these bots works as they claim, why would they be selling it rather than using it themselves? It would make more sense for them to just run it and keep it a secret right? Also these bots do promise for profits so I'm not too sure yet.

Quote from: jackg on Today at 02:20:30 AM
Actual arbitrage is legit, the bots probably aren't.
A lot of these bots post screenshots of their results, are they faking the screenshots? It seems like an easily automated process if you can figure out the technicalities.
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Board Beginners & Help
Topic OP
Is Arbitrage legit?
by
Auxcordaz321
on 27/08/2020, 02:16:42 UTC
I've been looking into ways of making money during quarantine and I've come across the concept of arbitrage. I was wondering if this is legit? I've seen people selling bots for thousands and say its a good investment for long run but I'm wary of it being a scam.