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the simplest is to monitor prices on multiple exchanges and buy/sell depending on fluctuations.
by Chris_Jay 8y ago
the simplest is to monitor prices on multiple exchanges and buy/sell depending on fluctuations.
- justboxing 8y agoYou mean Exchange Arbitrage? There's already a 20 something kid doing this and claims to be making millions in profits.[1]. Asian exchanges typically have slightly higher prices than US and European exchanges. They also react a lot worse to bad news and go lower than in US, European exchanges. [1] Source: Stefan Qin, Virgil Capital founder on CNBC - https://www.cnbc.com/video/2018/02/27/one-hedge-fund-manager-has-found-a-way-to-make-money-on-bitcoin-whether-it-goes-up-or-down.html https://www.cnbc.com/video/2018/02/27/one-hedge-fund-manager...
- Chris_Jay 8y agoPlenty of people are doing it - that's why having the fastest bot is helpful.