Ineffecient Markets?
I've notice that prices can vary quite a bit between different crypto currency exchange. This is particularly interesting in the case of litecoin (ticker LTC) which has very low transfer and is very fast. Seems it would be pretty easy for a RICH STUD like me to write an arbitrage bot. But I wonder, why these inefficiencies exists, i.e. why has nobody already written that bot?
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28 comments
Between which exchanges have you noticed the largest price difference?
Seems we have another such sort in Dougster.
SJG
You're probably write though. I'm probably just missing something. Seems too obvious for anyone not to have done it already.
Lots of scam artists try to take advantage of market inefficiencies, and then end up following Carlo Ponzi when it doesn't work out and they have to face their investors.
This is why it is well known that you can't cheat an honest man.
SJG
Only Rock and Roll
https://youtu.be/8ILjlKqc_58?list=PLFFC0…
The plot thickens!
$0.02 from $3000
Seems Tether itself doesn't trade in exact tandem with the USD. Last it night it was overvalued relative to USD, but it seems to me it should generally be undervalued, due to time to redeem it for real money, and risk the company won't pay you.
SJG
SJG
But do your usual thing: set up your strawmen since you are completely incapable of arguing against things people actually say.
SJG
SJG
SJG
And you had before always been saying that they were efficient.
SJG