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Blackbird: Bitcoin arbitrage

(github.com)
298 points vega_empire | 1 comments | 23 Dec 17 12:39 UTC | HN request time: 0s | source
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rdslw ◴[23 Dec 17 16:14 UTC] No.15994727[source]▶
I'm sad at the quality level of comments on this discussion. Lot of people are commenting clearly without reading EVEN the readme.md of the linked post.

This tool advantage relies on the fact that NO bitcoin needs to be moved, so all posts about long time of btc transfers make (almost) no sense.

On the other side only ONE (so far) person mentioned (importantly) that it works only on bitfinex, and even him didnt clearly wrote that this work ONLY if bitfinex has higher price than other exchange (reducing arbitrage opportunities by half), because you can short btc only on bitfinex.

Where is HN from 5 years ago? :(

replies(5): >>15994873 #>>15995278 #>>15995418 #>>15995946 #>>15995968 #
1. mortehu ◴[23 Dec 17 20:01 UTC] No.15995968[source]▶
If no transfers are necessary, that basically means it stops making money when your long or short position is maxed out. A transfer would be used to allow bigger long and short positions to be entered.