Ooooooooooooh Weeeeeeeeeeee! Take a look at this:
Arbitrage! Is this what they meant by laddering in? I'm a bit ecstatic right now because I just sold a hefty bit of Redd coin, at more than a hundred percent profit. That picture right there, I just took it; when I sold my Redd, it said 149 on Cryptopia(where I reside), and 125 on tradingview/Bittrex. I have since learned that Bittrex wallets are down, but I don't care don't ruin my fun. My reasoning was that when people saw the price difference on Bittrex, the price on Cryptopia would fall to near Bittrex price since it's the bigger platform, then I could decide if I wanted to buy more at the dip to catch my near 200 target. I've been seeing this price disparity across exchanges for a while now, and so far on high volume coins the price always orbits the bigger platform but never stays there. I'm surprised that Cryptopia is still at 141 as I'm writing at this very moment, because right after I sold it immediately dropped to 142. My time frames are obviously very short so not the most accurate, but I figure it's still interesting to try and use exchanges to predict super short time trading.
Anyways, it looks like trading continued to happen on Bittex even with the downed wallets because the tradingview ticker keeps moving, but I'm no expert and I just want to relax now. Can anybody tell me if this strategy is viable at all, because it seems reasonable to me, especially on sub 500 satoshi coins. Now at 139, while TrVw is at 126, that's still a massive difference and I've seen similar all day. Maybe I'll be right. If only you could actually take out coins without waiting hours, then arbitrage might be a thing. For now though, I just wanted to share what could be another useful angle in the crypto world. Day trading is dangerous, HODL all the way, except of course when your already several hundred % up with a load of other options. Don't quote me on anything, just a cat feeling like he got his hands on some fancy Italian salami.
This has been my first post of 2018!!!!!!! Ooooooooooooooh Weeeeeeeeeee! It's not too big or too fancy but who cares, 2018 starting the year off right. Next one'll be way better... I promise.
This has been the brand new 2018 happy loshcat model signing in for the new year. Hiiiiiiii