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02-01-2019, 02:34 AM
This is not a dig at you burner but if you have never done it perhaps just be cautious about recommending it.
I'll put it out there like this: Would you take plumbing advice from someone that isn't a plumber?
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02-01-2019, 07:24 AM
I've margin traded plenty on poloniex and bitmex. Using your analogy, I'm not a non-plumber giving plumbing advice. I simply have not done it because I don't like the risk associated with doing that activity, with that coin, at that particular exchange. Everyone is responsible for their own life and I have disclosed everything.
A handful of us saw your deleted comment about deliberately withholding profitable information to rvf members. You don't get to criticise anyone about dispensing potentially profitable advice.
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02-01-2019, 09:57 AM
Without a direct fiat pairing, or at least a way to go from USD to Tether on the same exchange (Which I don't know if Bitfinex has because I can't access it) trying to arbitrage tether in that manner would be risky as hell with extremely limited upside.
If you tried to do it from Coinbase in the manner I described above...
1.) You're incurring the BTC purchase fee on coinbase, the withdrawal fee from coinbase, and the tether purchase fee. This isn't much but let's say it's .2%
2.) Tether only breaks in periods of high volatilty. You're going to be sitting on your hands from anywhere to a half hour to two hours depending on what coin you use, and in that time BTC could easily drop 5% or more.
3.) You don't know that the arb opportunity will still be there when your crypto arrives at Bitfinex. You could've incurred the above costs only to find that tether is back to a dollar again.
4.) Your upside for this is somewhere in the realm of 3%.
Arbing is HARD. I lost 500$ trying to do a similar arb opportunity once. Wasn't a huge loss but damned if I didn't feel like the world's biggest moron.
EDIT: With Margin trading it might be worth it, but the margin trading also means that those opportunities are going to disappear even faster.
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02-01-2019, 12:38 PM
I stand by my comment which was deleted outside my control.
As I said, it wasn't a criticism of you burner. I am simply pointing out that you may be missing a lot of steps although your intentions are good.
Margin trading is not the same as fiat-crypto arbs or crypto-crypto arbs. Best of luck.
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02-24-2019, 03:26 AM
Mini bull run going now.
ETH up 50%.
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02-24-2019, 09:24 AM
And then the inevitable dump/correction.
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03-13-2019, 08:57 PM
So my take on the latest pop in prices:
Seems like the Asian coins: VEN, ICX, ONT, QASH, OMG have had the best movement. A lot of them have gained 75-100%. I predict that these will be the big winners in the next bull run.
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04-02-2019, 02:18 PM
Bump.
Most alts have at least doubled from all time lows.
Don't miss this time.