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>Check btc price
>4100 @ gemini
>4400 @ gdax
>i'm on both so I think this is my opportunity
>everything in cold storage but my eth position on gemini
>liquidate it to btc, withdraw to gdax and sell some
>deposit $500 on gemini and buy while I sell as much at gdax
>get the math wrong in my hurry, sell too much and am now out ~.023 btc
>more if you count cap gains
>eth/btc moved against me, so lost my whole position.
>poor and do my own taxes, form 8960 is gonna be a bitch
hows your labor day /biz/?
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>>3344800
Lol taxes
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>>3344800
*didn't lose eth/btc position value, just the fact that I'm in the position.
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>>3344800
you have to be very fast if you do arbitrage, you are up against bots
>>
How the fuck is there still a $200 difference between gemini and gdax? It's been 4 hours, surely there's an institution positioned to take advantage.
I'd be doing it if I didn't have a $500 daily usd deposit limit.
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