Great info but trading with 60 - 300 Eth is quite heavy on the money. Does this pays out with little money as well?
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Great info but trading with 60 - 300 Eth is quite heavy on the money. Does this pays out with little money as well?
Yes of course, 60-300 ETH is the total size of the order, it can be done even wit hthe smallest possible order, I think 0.001 ETH, but repeating it many times. Although people have to be quick these orders come and go very fast, everybody is looking for these opportunities.
However it's enough if people just take the buy side of the order, and then place themselves the sell order. In my opinion this way is more sustainable, it's pretty hard to take both orders at the same time considering that there is at least a 30 second lag since the Tx has to confirm on the ETH blockchain before the order is finished.
It's a P2P exchange, where you directly trade with other players, that is why the arbitrage exists, due to the lag.
congrats to that 500$ may you make more
Cheers!
pop the champagne or beer?
Not yet , I am waiting for the price to go back up to 0.02 which I think it will easily do perhaps later tonight. I might stay up until that happens. Champagne when the altcoins rise again, I have lost a lot of money in this altcoin crash.