Re:Bitcoin study: Period of exclusivity encourages early ado...
by module0000 on Friday July 14, 2017 @01:55PM
(#14771800)
Sure, it's not too impressive though...I think my net gains were in the 15k area. I was a really small fish back then, I ended up making more(in BTC) by selling the actual program for other people to use. At the time, there wasn't a depth-of-market setup available for mtgox, so the majority of trading was people looking at the last sale price and throwing their bid/ask based entirely on that. Nowadays I think every exchange has their own flavor of depth-of-market platform available, and there are plugins for major trading platforms(xtrader/ninjatrader/multicharts) that work with the BTC exchanges.
There is still money to be made scalping BTC, but since the price is higher the margin required is much, much, much greater. And with more margin comes more possibility of loss, etc.
There is still money to be made scalping BTC, but since the price is higher the margin required is much, much, much greater. And with more margin comes more possibility of loss, etc.