Correct my if I'm wrong but bitcoin arbitrage doesn't seem like good idea, here is pretty good explanation - https://www.cryptocoinsnews.com/bitcoin-price-arbitrage-expl...
I would better put my money in more "real" etf's and start from there.
I would better put my money in more "real" etf's and start from there.
You are very wrong, plus you are talking to jerguismi (localbitcoin's founder), who I'd presume has made quite a bit from arbitrage in the space...
The article talks about the slow transaction time being a barrier to arbitrage. Basically, you couldn't buy in one market and sell in another market simultaneously. Wouldn't that make an arbitrage opportunity speculative?
Also, because jerguismi is a founder of a bitcoin exchange, isn't it in his interest to promote trading bitcoin? I have no reason to believe that jerguismi would misrepresent his knowledge, but I think his role in the bitcoin community isn't de facto evidence that his statement is true.
The article is wrong on many levels. You don't need to transact (or even own) bitcoins in order to arbitrage. You can just buy/sell and open short/long positions via the exchanges websockets API... Not WallSt speed, but a decent speed for any self-made bot vs point&click traders.