Doesn't arbitrage come with slight risk too? The spreads are always fluctuating, and if you don't time it right (in say high-frequency trading) you might not be able to offload whatever you just bought at a good price either.
Re:One red paperclip
by BorisTheBrave on Sunday December 27, 2020 @08:58AM
(#25551058)
Strictly speaking, yes, there are risks associated.
But there's still a wide difference between those risks, and speculating on the (not-immediate) future.
This is just regular trading. Every time he swaps a card, he takes the risk that he won't be able to offload the new card.