You are viewing a single comment's thread from:
RE: Taking Advantage of Arbitrage When Selling Litecoin (Bittrex to Coinbase) - I Love Free Money
OK so I get this is a good idea. However, there are a number of issues with this as a strategy. Firstly, it only works if you can get the fiat value of the litecoin into bittrex without losing. YOu cant deposit cash into bittrex, thats why CEX and coinbase trade at a premium. THe trick would be to be if there were different arbitrages between different currencies on bittrex/ coinbase. For example, if BTC were equal on both exchanges but Litecoin had a 10% + difference. THis rarely happens however... I mean its awesome but I've tried this several times and its very hard to make a profit given the fees and transaction times
Agreed with you points which is why this is a one off thing. I had LTC for the most part sitting on bittrex previously that I wanted to cash out so decided to add a bit to leverage the sale price I was going to get.
Arbitrage is not my investment strategy as most have seen. I'm an active trader.
Well yes, arbitrage is an extremely difficult thing to pull off well, or at all. Still, the opportunity is there if you can swing it.