So are the exchanges they all display different prices for Bitcoin back in 22 I made a few trades between AnchorUSD and coinbase there was a 2500 difference in the price of bitcoin so I bought Bitcoin on the cheaper exchange and sent it to the more expensive exchange to sell with the loss of about ten bucks in fees still turned a profit did this a few times before the prices on both exchanges were the same came out 2m sats richer
Discussion
yeah. Arbitrage trading between exchanges can be quite profitable. to much stress for my liking but some people have bots for arbitrage opportunities.
Wish I was tech savvy enough to understand bots!! Iām still reading and learning have any insightful info on the subject would be great!! That was my first profitable trade felt like a genius when it worked I was to afraid to use large amounts..
I don't like bots either. If your craps out so does your stop loss and I'm more of a swing trader anyway. (did like 8 trades this year). But I love watching the chart almost every day. You get a feel for it after a while. Sometimes it's like a symphony of algos all playing along each other nicely like an orchestra.
Then one goes off-tune and everything goes wild in one way or another, literally š š š¤£