Hacker News Reader

You absolutely can make money with bots in cryptocurrency - there are times when different exchanges have $100 differences in the price of bitcoin. During times of volatility you can have bots making money off arbitrage.

View on HN

At least circa whenever it was that BTC broke $100, the state of exchanges' APIs was such that arbitrage wasn't practical. I remember reading about it on an old bitcointalk.org thread when the Butter-Bot developers were soliciting feedback regarding what direction their paid customer base wanted them to go.

The only working arbitrage software I ever saw was this short-lived one with a circular UI (IIRC), & it wasn't fully automated.

I'd be interested to learn the current state of affairs on the subject.

It's not really pure arbitrage when the prices are so volatile and every transaction takes ~30 minutes to confirm. I'd say he's going to have better luck with smaller crypto trading pairs.

Reply on news.ycombinator.com