So obviously when the market is pumping the value of your crypto portfolio is increasing but not so easy to achieve sustainable growth when the bears are out! There is one gleaming sliver of hope though apart from a long haul hodl. A crack of light as you open the door to opportunity...
What am I talking about? Well arbitrage of course!
The simple concept of taking advantage of the price differences between exchanges or pairs. The problem with arbitrage between exchanges is that it is slow and because of the volatility in cryptocurrencies doing it manually is a risk which can result in a loss. There are also fees involved in buying and selling coins and moving them from one exchange to another.
This eats into the slim profits available in this type of trade. However there is a solution a bot that scans exchanges for potential arbitrage opportunities. It can find them and take action within the parameters of your settings. You would have to literally sit watching the screen all day long scanning it for possibilities. The bot saves you time and is much more effective. The beauty of it is; to make the trade it doesn't have to withdraw crypto and transfer it and sell it for another coin or token and then do the same in reverse to make a profit.
Provided you have trading pairs on both exchanges it shortcuts this whole process saving you all the associated fees and it does it fast. The essence of success in this game is speed of transaction, saving on fees and of course identifying opportunities in the first place. A bot can make multiple trades in an hour which would be impossible manually.
I am excite about this because I have been searching for an effective well priced bot for years now... This bot ticks all the boxes in my experience. If you would like to check it out click the link below.
https://www.cryptohopper.com/?atid=13303
