antonwinter

most of the inter exchange arbitrage opportunities are eaten up by the fees and because there can be a time delay across exchanges it also adds risk. The intra trading (especially in my case ) has those risks minimized. there are no fees on cex and the trades happen very fast.

lol point taken.

I might also add, that to give an analogy. if bitcoin mining is so good, why do cex sell cloud mining and not keep it for themselves?

As with them the answer is that it is more profitable to build a customer base and profit from them and let them then make a small profit on the mining

yes, i am running it myself and making a profit, but as i mentioned (in another post) it is a small amount. currently it is about $1 a day with a very small risk. it may grow, but that depends on volume or volatility growing at cex. the profit is directly tied to volume and volatility.

in terms of the risk. triangular arbitrage is in "theory" safe. in that it ONLY trades when there is guaranteed profit. in practice what happens is that other automatic trading bots can place the trade faster than your bot which means you have to wait for the trade to complete. the other risk is that there can be a network problem. the triangular arbitrage needs 3 trades to complete, if only 2 complete and the network goes down, you can be left scrambling to fix that last trade. both the risks seems to be fairly managable from the 1 month or so that i have been successfully going.

so why am i trying to sell it? if i can get $50 straight up rather than wait i will do it. also, "quant trading" from the real world stock market is way way advanced on what this app does, so i have plenty of new trading bots to create and in some fantasy land of mine i would love to be the guy that created the first set of software for it on the bitcoin market

thanks for the input cryptolect

@fabulist, thank your for taking a look and giving real feedback. it is very much appreciated.

in no particular order, the questions you have raised.

Why 6 seconds. cex has a 600 requests per 10 minute limit on their API otherwise they ban the caller. i make sure that I am under that

I already know that others are using triangular arbitrage, in the stock market and I suspect they are also doing it on cex, otherwise I would be getting large numbers of profit opportunities rather than say 20-60 a day i am currently getting. So others doing something similar cant be controlled.

out of date opportunities i am thinking of doing. i can simply report every arbitrage i find to let people see what is happening. Although currently the trial which doesnt need people to even sign up or use cex shows it live as it happens.

I think you are also right into going into the math/detail. originally i have been thinking about keeping it fairly "high" level because most won't want to learn the math, but it may give them a greater sense of it being a real opportunity

thanks again fabulist

@olalonde,

I am using it. it works quite well, but it is not big money. it makes as much as the volume and volatility of cex. So that works out at about a $1 a day right now. if cex grows, or if there is more volatility then it will increase.

right now i am starting to look the coding for other exchange.

maybe its not something bitcoiners are going to accept because it seems too good to not be a scam or it doesnt seem like there is enough in it to make it worth while.

currently the feedback i get is that people think its a scam

I am thinking of doing a speech at the local bitcoin events but that doesnt seem too scalable

Their way of protecting the site and the users is doing precisely the opposite

when asked to estimate, i ask if the biz if they can also give me an estimate for meetings, UAT, changes, hiring resources, unscheduled downtime and scheduled downtime and historic data comparing previous project estimates to actuality. Its the only way to get closer to accurate.

The developers estimates generally are best case scenarios without any external or motivational factors included.

You sir are the inspiration for my new workflow. pi based software dev

we had a job applicant who's project was called drop table;

next challenge, Word in 30 lines

just went to use your twitter link, its a bit too intrusive for my liking. i just wanted to tweet about your site.

from personal experience.

if you want to pick up girls, go work behind a bar, preferably a cocktail bar. You will learn a lifetime of how to flirt and get girls. If you already have a job, just do it saturday night. don't worry how much you get paid, just do a good job and smile a lot, you will meet huge numbers of girls and some will flirt back.

get between 2 and 10 customers. it is definitely the best way to work out what to do next.

take away lesson the more 'democratic' a country = government wants to know a lot about you

thats if democracy isn't a myth

great read. i enjoyed the specifics of how you beat out the big player

i'm not familiar with the syntax you have here. i tried it without the quotes on green and without the curly brackets on the color and it worked for me

http://jsfpp.tomodo.me/4xaMK/

super cool design and website. only one gripe. it took over a minute to load. not many people will wait.

what no CLI?

what made it change?

if nc gets enough traction, the SO moderators may be able to provide an nc link when they close questions.

definitely a step in the right direction. it can seem heavy handed when a question is closed. giving clear reasons and rules why is good thing

bugger, did not work on ipad under safari or chrome. still pretty awesome on pc

i have made cool things in sculptris previously, this is awesome on my pc. gotta try it on the tablet now!

i kim dotcom gets his crypto email going, we can help google be less evil by moving to that.

i would upvote again if i could. professional and fun site.

that looks super cool