would this work?
http://www.cryptocoincharts.info/arbitrage
seems like money on the table
couldnt you just build a bot to do this all day? , even with btc's bullshit hella long processing time thats easy money
>>1066504
No. Exchange fees and cycle times on the order of weeks make it impossible.
Source: I've tried this.
>>1066504
The exchanges don't allow this. You're essentially using their business against them. They hold your coins for a good bit before you can take it out.
>>1066504
Lengthy transaction times and volatility in the currency make this impossible to accomplish.
This is possible if the spread is high enough, you have to have well funded accounts on all exchanges though to make it worthwhile.
>>1066504
Tried it too (and with a bot ,yes), although just in theory. Like others said: fees and withdraw times make it impossible to make a profit of it.
>>1068847
Adding to that:
I was also theorizing that maybe if I keep money in all of the exchanges and doesn't withdraw anything it can still work.
I didn't do enough research on this, but my fear is that the arbitrage is almost always in the same direction. So this probably doesn't work either.
