>there are many different crypto exchanges >prices vary

>implying it isn't

Kek.

>>3158218
Arbitage definitely is a thing.

>>3158218
There is.
It's just a risky method in crypto as the time to move across exchanges can be lengthy and unpredictable.

>>3158218
Arbitrage is the biggest legalized scam ever made normies probably get into that

check out Rialto XRL

It's out there, you just need to look for it. Just last night there was a madman over at CoinExchange.io who was buying 14 BTC worth of BCH at 0.201 while over at Bittrex, it was fluctuating around 0.190. Made a nice little profit off that one.

>>3158912
I obviously stayed up later than I thought, because that was the night before, not last night.

File: 1502985220742.gif (298KB, 220x229px) Image search: [Google]

298KB, 220x229px

>try to make arbitrage trade
>kraken is down again
>i'm left holding four million shitcoins

>>3158218
The exchanges that have a different price you can't sell it for dollars. This is why the price is different. I tired this you will lose money if exchanges are equal in every way the price is the same

>>3158218
How long does it take to transfer ethereum tokens btween exchanges?

yesterday OAX went on Binance and dropped to 50k while there was large volume on Liqui selling for 63k.

Thinking of doing this with DNT when it goes live on Binance at midnight. Its hard to estimate the crash though

>>3158978
>>i'm left holding four million shitcoins
Don't worry your grandchildren will eat them.

This is literally what XRL does and nobody knows about it

>>3158218
Much of the money HFT firms make is drawn from price arbitrage. In stocks, their machines are co-located with the major exchanges, computing price fluctuations and sending orders faster than the blink of an eye. Microseconds.

This is also happening with the faster, bigger cryptos. You can see the algos at work in ETH and LTC graphs with the sharp rises and sharp drops, especially lately. They feed on volatility.

Ironically, increasing transaction speed doesn't benefit human traders. It helps the bots. All of us plebs can only gamble on macro events, in the long term.

And yes, there are definitely crypto algo firms with access to the order flow of major crypto exchanges. Mutual funds, banks, everyone is getting fucked by the interceding hyperfast electro middlemen. Crypto is their wet dream.

>"whales"