🔵There were some serious issues at Amazon Web Services on Friday, impacting many crypto exchanges, especially in Asia. Binance, KuCoin and Bitmex all experienced API errors and abnormal price volatility. For instance, some people apparently bought Bitcoin for less than $1. But how would you know of such an opportunity? The best is to have an intraexchange arbitrage bot running, ready to catch such price windows. And at OneExBit, we already have such a bot! Even better, it's completely free.submitted by smmoneexbit to u/smmoneexbit [link] [comments]
🔵We are created for your profit
❤️ Onex Team
🔵Understanding the basics of intra-exchange arbitragesubmitted by smmoneexbit to u/smmoneexbit [link] [comments]
The work on the OneExBit arbitrage bot is almost finished, and naturally we are getting lots of questions from the community. In particular, many users ask if our bot will search for arbitrage opportunities across different exchanges (inter-exchange) or within one exchange (intra-exchange). In this post, we'll try to give a detailed answer.
The first edition of our bot will search for intra-exchange windows – support for interexchange arbitrage will be added later on. At first, you'll be able to use the bot with Bitfinex and Binance; in the next few months, it will become possible to search for opportunities on all the exchanges integrated into the OneExBit terminal, such as Poloniex, HitBTC, BitMex, and so forth.
🔵Why traditional arbitrage can be risky
Most users who are familiar with arbitrage trading don't even realize that there are two types of arbitrage. The one we are most used to is inter-exchange – that is, searching for price differences for the same asset across different exchanges. However, this type of arbitrage has a serious problem: once you find a good window and purchase an asset on exchange A at a lower price, you have to withdraw it, send it to exchange B and then sell it there, potentially withdrawing the proceeds after that. This creates two risks:
a) withdrawing asset A, you can incur significant fees, which will eat up part of your profit from the arbitrage deal;
b) sending the asset from one exchange to another will take time – sometimes minutes (which is a lot of time in crypto trading). While you wait for the asset to be deposited in your account, the arbitrage window can close. It can happen because other arbitrage traders will notice the window and rush in; or because the exchange itself will eliminate it.
These risks can be mitigated by looking for price differences within the same exchange – it is called intra-exchange, or triangular arbitrage.
🔵What is intra-exchange arbitrage, anyway?
This type of arbitrage is called triangular because you need to perform trades with three different assets. The key fact to understand is that relative prices for several assets on the same exchange are not exactly proportionate to each other – there are often large spreads. For example, imagine that at a certain exchange 1 Bitcoin is traded for $9500 and at the same time for 1 BTC you can get 43 ETH. So what would be the price of ETH in US dollars? Someone who has studied math at school (but not trading) would think that it's enough to divide by 9500 by 43 – you'd get $221 for one ETH. However, that's now how crypto trading works. Since the market is inefficient, relative price changes don't spread instantly, especially when volatility is high. So, it's quite possible that the ETH/USD price is $230, for example. How can you profit from this difference?
Step 1. Buy 1 BTC for $9500.
Step 2. Exchange your 1 BTC for 43 ETH.
Step 3. Sell your ETH for USD and get 43*230=9890
You started with $9500 and ended up with $9890 – not bad! Of course, this is an idealized example; in reality there are also the fees to consider. If the fee is 0.2%, for instance, you'd pay circa $40 in fees for the two trades. Still, you'd get a net profit of $350.
The art of intra-exchange arbitrage is finding price windows with spreads large enough to cover all the fees and still leave you with a good profit. That's exactly what the OneExBit bot will do. Triangular arbitrage is a great tool in times of volatility, because resulting spreads are larger.
Follow our updates and don't miss the launch of the bot!
❤️ Onex Team
|Paycent Token Burn||April 30, 2018|
|ICON(ICX)||ICON (ICX) ICO Platform||April 30, 2018|
|Pundi X(PXS)||April Tokens Unlock||April 30, 2018 11:59 PM - 11:59 PM|
|Publica(PBL)||Frst Book ICO on Publica||May 2018|
|Authorship(ATS)||Token Burn||May 1, 2018|
|ArbitrageCT(ARCT)||ARCT Monthly Burning||May 1, 2018|
|Crypto Invest Summit||April 30, 2018 12:00 AM - May 2, 2018 11:59 PM|
|Crypto Invest Summit||April 30, 2018 12:00 AM - May 2, 2018 11:59 PM|
|LIQUID by QUOINE||April 30, 2018|
|ArabNet Digital Summit||April 30, 2018|
|Sapien Beta Release.||April 30, 2018|
|Ripple(XRP)||Added to Revolut||April 30, 2018|
|Bitcoin Cash(BCH)||Bitcoin Cash (BCH) New Trading Platform||April 30, 2018|
|NEM(XEM)||NEM (XEM) XEM On Coinspark||April 30, 2018|
|IOTA(MIOTA)||IOTA on Cobinhood||April 30, 2018|
|EOS(EOS)||Crypto Invest Summit||April 30, 2018 12:00 AM - May 2, 2018 11:59 PM|
|BitConnect(BCC)||BitConnect (BCC) Marketing Panel||April 30, 2018|
|Zcash(ZEC)||Zcashd 1.1.0 Release||April 30, 2018|
|Tether(USDT)||End of USDT Support on BitZ||April 30, 2018|
|Dragonchain(DRGN)||POW Implementation||April 30, 2018|
|Augur(REP)||Crypto Invest Summit||April 30, 2018 12:00 AM - May 2, 2018 11:59 PM|
|Komodo(KMD)||Monaize Presale||April 30, 2018|
|WAX(WAX)||Crypto Invest Summit||April 30, 2018 12:00 AM - May 2, 2018 11:59 PM|
|Factom(FCT)||M3 Release||April 30, 2018|
|Time New Bank(TNB)||Develop & Test Ledger||April 30, 2018|
|Syscoin(SYS)||Release Rescheduled||April 30, 2018|
|Quantstamp(QSP)||Quantstamp (QSP) Whitepaper Update||April 30, 2018|
|Po.et(POE)||Po.et (POE) Licensing Marketplace||April 30, 2018|
|XTRABYTES(XBY)||XTRABYTES (XBY) Listed On Next.Exchange||April 30, 2018|
|BitBay(BAY)||Client v1.32||April 30, 2018|
|Dynamic Trading Rights(DTR)||Dynamic Trading Rights (DTR) Private Beta Launch||April 30, 2018|
|PayPie(PPP)||Beta Release||April 30, 2018|
|Ripio Credit Network(RCN)||Ripio Credit Network (RCN) Platform Goes Live||April 30, 2018|
|IoT Chain(ITC)||IoT Chain (ITC) Main Chain Test Accomplishes||April 30, 2018|
|Particl(PART)||Bulletproofs On Testnet||April 30, 2018|
|Triggers(TRIG)||Blocksafe April Launches||April 30, 2018|
|COSS(COSS)||KYC & Fiat||April 30, 2018|
|EncrypGen(DNA)||Launch Gene-Chain||April 30, 2018|
|LoMoCoin(LMC)||Global Ambassador Program||April 30, 2018|
|NeosCoin(NEOS)||April Roadmap||April 30, 2018|
|ALIS(ALIS)||ALIS Closed Beta||April 30, 2018|
|KickCoin(KICK)||Monthly Bonus||April 30, 2018|
|Open Trading Network(OTN)||OTN Exchange||April 30, 2018|
|Quantum(QAU)||Monthly Token Burn||April 30, 2018|
|MyBit Token(MYB)||Rebranding||April 30, 2018|
|Solaris(XLR)||PoS Phase Start||April 30, 2018|
|Internxt(INXT)||Internxt (INXT) X Cloud 0.8 Release||April 30, 2018|
|Rupee(RUP)||Coin Burn||April 30, 2018|
|DigiPulse(DGPT)||DigiPulse (DGPT) Coin Burn||April 30, 2018|
|ATLANT(ATL)||P2P Rentals Launch||April 30, 2018|
|DFSCoin(DFS)||Swap for FGCcoin||April 30, 2018|
|B3Coin(B3)||B3 Coin (kB3) - New Development Roadmap||April 30, 2018|
|Unitus(UIS)||Rebranding||April 30, 2018|
|CryptoCarbon(CCRB)||CryptoCarbon (CCRB) CCRB Flash Token Sale||April 30, 2018|
|eREAL(EREAL)||Coin Burn||April 30, 2018|
|BlazeCoin(BLZ)||APRIL - CURIE||April 30, 2018 [Possible Date]|
|Tezos (Pre-Launch)(XTZ)||Tezos (XTZ) - Crypto Invest Summit||April 30, 2018 12:00 AM - May 2, 2018 11:59 PM|
|Coupecoin(COUPE)||Coupecoin (COUPE) Streaming Begins||April 30, 2018|
|EXRNchain(EXRN)||Tripple Chain||April 30, 2018|
|Cryptopay(CPAY)||Snapshot||April 30, 2018|
|Trade Token(TIO)||Trade Token (TIO) Exchange Launch||April 30, 2018|
|Trinity Network Credit(TNC)||Trinity Network Credit (TNC) Public Testing||April 30, 2018 [Possible Date]|
|EDUCare(EKT)||Main Line Testing||April 30, 2018|
|Block Array(ARY)||Contracts for Registration and Node Reward||April 30, 2018|
|STK(STK)||Public Launch Of STACK||April 30, 2018|
|Swarm(SWM)||SUN Ecosystem v0.8 – KYC||April 30, 2018|
|WePower(WPR)||Platform Launch||April 30, 2018|
|POA Network(POA)||Rebranding||April 30, 2018|
|Credits(CS)||New Exchange||April 30, 2018|
|Lympo(LYM)||Shares Distribution||April 30, 2018|
|Ink Protocol(XNK)||Reputation Aggregators||April 30, 2018|
|Sether(SETH)||SETHER 2.0||April 30, 2018|
|Banca(BANCA)||Release on GitHub||April 30, 2018|
|Accelerator Network(ACC)||Dedicated Cryptocurrency Advertising Platform||April 30, 2018 9:00 PM - 11:59 PM|
|Beta Launched||May 1, 2018|
|NEM(XEM)||NEM (XEM) New Payment Protocol||May 1, 2018|
|Ethereum Classic(ETC)||Decentralized Exchange Radex Launch on ETC||May 1, 2018|
|BitConnect(BCC)||BitConnect (BCC) Decentralized Fiat Exchange||May 1, 2018|
|Populous(PPT)||Beta Launch||May 1, 2018|
|Binance Coin(BNB)||WDAS 2018 Singapore||May 1, 2018|
|Dragonchain(DRGN)||Dragonchain (DRGN) Commercial Heroku Add-Ons||May 1, 2018|
|Neblio(NEBL)||Neblio Marketing Update||May 2018|
|aelf(ELF)||WDAS 2018 Singapore||May 1, 2018|
|Byteball Bytes(GBYTE)||End of Byteball Video Contest||May 1, 2018|
|Walton(WTC)||Official Start of PoW Mining Reward Program||May 1, 2018|
|SIRIN LABS Token(SRN)||Tech Specs Release||May 2018|
|Aragon(ANT)||Mainnet Release||May 1, 2018 [Possible Date]|
|Triggers(TRIG)||Details of the Newly Acquired and Wholly Acquired Patent||May 1, 2018|
|Mercury(MER)||Releasing Gravity||May 1, 2018|
|Expanse(EXP)||May 1st Newsletter||May 1, 2018|
|ClearPoll(POLL)||ClearPoll (POLL) ClearPoll Official Launch||May 1, 2018|
|Credo(CREDO)||New Secret Product||May 1, 2018|
|Monoeci(XMCC)||Coin burn||May 1, 2018|
|Linx(LINX)||Payment System Live||May 1, 2018|
I'd like to take the time to reflect on the crazy year that was 2017 for cryptocurrency investors, and weigh in on what we've learned over the past year, while also making a few predictions for the future.
One year feels like a decade in crypto, and so many various forces finally cumulated together in 2017 that we had an explosion of activity that left me feeling both exhausted and exhilarated. We saw LTC go on Coinbase, we saw an ICO rush with new issues like Bancor raising 150mil in 3 hours, we saw the absurdity that is cryptokitties crushing the ETH network, we saw Bitcoin Cash and the shitshow surrounding that, we saw Segwit and the long awaited Bitcoin futures. I will always remember where I was at the moment I watched Bitcoin pass $10,000 on GDAX. I will never forget the sweat as I watched the Gemini Auction for my BTC and then waiting for the payment to settle. And I will never forget the flurry of questions, advice seeking and inquiries from people in December as the media spotlight made cryptocurrencies a mainstream concern. We've come a long way, from the days of being considered oddball technogeeks to now being the vanguard of early adopters.
Some major trends in 2017 and lessons learned
- The Mainstreaming of Cryptocurrencies: This was the year that the "normies" entered crypto in astounding numbers, especially later in the year and cumulating in December. From Ice Tea companies to my hairdresser, everyone wanted to be involved in crypto. New naive money will continue to pump into the market this year, and its important we welcome them while also keeping their expectations grounded in reality. Encouraging new investors with stories of how they can double their investment in a week is not a sustainable method of keeping them interested in crypto.
- ICO Craze: For many 2017 was the year that the ICO. People made a ton of money by getting into ICOs early before a coin became hyped by the marketing efforts. Sites like ICOBench sprung up and provided people an easy way to find new ICOs to invest in, and those who got in could get a handsome profit by buying the coins for pennies then selling them for dimes a few months later at an exchange, with many ICOs offering pre-sale discounts for early registrations. I suspect that this trend will actually die out in 2018 as there seem to be way too many coins coming out now and they won't all be able to pump, we're already seeing ICOs recently getting dumped hard the moment they start trading on an exchange.
- The rapid development of altcoin investment: At the beginning of the year the marketcap for altcoins as just $2 billion. By the end of 2017 it grew to over $370 billion. This was the year that investing in cryptos became about more than just Bitcoin. We saw an explosion of new promising altcoins, Binance launched in July, LTC was added to Coinbase and Ethereum really came into its own as a dominant force. I suspect that this focus on altcoins will continue as its now easier than ever to research and obtain them.
- Resilience in the face of regulation: China banned initial coin offerings and bitcoin exchanges in the first weeks of September. The ban caused a precipitous drop in cryptocurrency flows worldwide and invoked panic within me, with Bitcoin going down to almost $3K. However we recovered surprisingly quick. This is why I wasn't too concerned with the recent news that Korea may crack down on exchanges. Cryptocurrencies are decentralized and distributed, and while government actions certainly can hurt the price in the short term, I think any attempts at increased crackdowns will result in a recovery within a few months. Crypto seems to be a lot more resilient than most people realize to laws trying to destroy it, so don't freak out when you hear a story about increased regulation in the Far East.
- Institutional money coming in: We saw the speculation of an ETF not come to fruition, but in December the CME Group and CBOE started trading futures on Bitcoin. The lead up to this event and the subsequent decline and relative stabilization of Bitcoin will lead to a cascade of effects. We now have a genuine price discovery mechanism that will put downward pressure on BTC with its futures contracts. McAfees predictions of a million dollar BTC are not going to come to fruition now that you can short it.
- Chase for the "next bitcoin": Lambo psychosis dominated and continued into the new year with nearly every coin in the top 100 showing a steep parabolic rise. This is actually something a lot of long term investors find deeply troubling, because now people are hungry for crazy x10 gains within a month and that is simply unsustainable.
Some predictions for the year 2018Decline for Bitcoin
I have a long-standing emotional connection to Bitcoin and really do want it to succeed. But by now even the early adopters have come to accept how far away we are from the original vision of the currency. We are now seeing a decrease in adoption among ecommerce sites, which a sad state of affairs. I'm not so confident that Lighning will be enough at this point. Lightning likely wont be here for at least another 1-2 years and the problem will be user adoption. Segwit gave users a 40% discount on fees, and was a relatively simple upgrade, yet its 2018 and only 8% of transactions come from Segwit addresses. LN is way more difficult to implement, so don't expect it to be useful for at least a year after release. Core developers should have followed through with the New York Agreement and increased the blocksize to 2 MB. It's actually much more practical to scale BTC through miners than users, as most miners abide by the rules of a small set of mining pools and use the same software. Segwit2X was doomed to failure but it had 90% support among miners before the campaign against it started, and even after it had over 70% miner support. I think 70% miner support before a fork is vastly better for initiating a change than 8% user support.
Core team really needs to wake up right away and realize that the continual declines in market dominance are a reflection of Bitcoins failure to find utility, and that the first movers advantage and name brand will not last forever. Unless it solves the problem of insane transaction fees, ballooned mempool size, long transaction times and most of the accounts not even being able to afford to move the balance out I don't see BTC doing anything but declining in market dominance.
Ethereum will become an even more dominant force
I can see the long awaited flipening come in 2018. Ethereum already processes way more transactions than anything else, it already is basically THE platform for new coins and powers so much of the entire cryptocurrency ecosystem. The Constantinople fork and Casper Proof-of-Stake changes should take care of the TPS limitations for the next few years, and I expect to see an explosion of dApps in 2018. Ethereum has tons of developer support behind it and POS means people will want to hold it for the long term. Its already become my #1 core/safe-haven position and I think a 3-5K range in 2018 is completely reasonable.
The emergence of transactable business-oriented blockchains
The last few years were about theory and technological innovation, but I think 2018 will be the year that cryptocurrencies finally start to demonstrate value in solving business problems.
Ultimately a cryptocurrency is pointless if it doesn't solve some transactional problem or alleviate some inefficiency in the value-exchange process. There are several sectors/cases for business users that are ripe for blockchain technology: supply chain, settlement layers between intercurrency transactions, payment processing, offloading processing tasks onto blockchains, identity management...etc.
I expect that transactable coins that actually have functionality will be the big winners. ICX, WTC, VEN, NEO, XLM and others that target enterprise-oriented use cases will likely be the focus over the next year.
The rise of a DAG coin as a standard for transfers between exchanges, most likely Raiblocks (XRB)
Lets be perfectly honest: Right now the vast majority of transactions being conducted on the blockchain is simply moving cryptos around various exchanges. Its quite a nerve-wracking process, watching thousands of dollars sitting unconfirmed on the blockchain explorer for hours is not a pleasant experience. If you move your balances a lot you will end up losing substantial money to transfer fees. This is why I can see a light fast DAG becoming a standard for inter-exchange transfers of funds, specifically XRB after it gets listed on Binance. Being a DAG the process of onboarding isn't as simple as just adding another ERC20 coin, but once the Raiblocks team figures this out on Binance I suspect that adoption will follow quickly to other exchanges. The quick transactions speed and no cost will make it the ideal coin to exploit arbitrage between less liquid and more liquid markets.
The rise of "dividend" coins"
The next year should be one where the stretched valuations are questioned, and those coins that pay out a form of dividend and can thus be easily valued will become a safe harbor. NEO, EOS, ARK, VEN,OMG among others should gain favor. We actually saw NEO do particularly well in this recent downturn. I expect to see a lot more also following this dividend payment model.
**The move away ...
ENDIn an open world, Hero Node welcomes any and all feedback. Especially helpful feedback will be rewarded!
THIS POST IS MORE GEARED TOWARDS NEWCOMERS OR THOSE ON THE FENCE. Not a lot of technical information at all.
RaiBlocks is the closest you can get to a “sure thing” in the crypto world, and I’d like to lay out my reasoning for that statement. I will do my best to put the case forward for RaiBlocks without putting down other major cryptos, as they all have their use cases. Anyone who thinks “Bitcoin is dead” is foolish as it is still by far the most used, stress-tested, worked on and secure crypto and the value of that cannot be overstated. However, looking towards the future, RaiBlocks is the clearly superior form of transaction.
There are no fees, and it is virtually instant. By no fees I do not mean low fees, I mean no fees. You can send $10 to and from another wallet a million times, and still have exactly $10. This allows for the very first time a crypto to be used as a real world currency, and not just a store of value. Any fee, even a small $1 fee, is a disincentive to spend and unsuitable for any currency that is going to be used for everyday purchases. Would you buy a 50c item from a corner store if it cost you at least double that amount in fees? Of course not, psychologically there is a massive barrier there. Even credit card processor fees have limited small purchases, many small businesses thus have minimum buys or add a % fee on top of credit or debit card transactions. With Raiblocks, you can send any amount, big or small, and not pay a dime for it, and neither does the receiver. Raiblocks focuses on one thing and one thing only – being a useable currency. Virtually every other “currency” is ruined by attempting other use cases at the same time. Rai is NOT trying to be a currency AND a smartcontract platform, and a place to store your virtual pets, and a quantum processor for the storage of decentralized beanie babies, it is doing one thing and one thing correctly. What else do you use cash for, besides buying and selling? Have you ever had the desire to write contracts on your bills, even though you could? Smart contracts and DAPPs are fantastic, but not in conjunction with also trying to be a currency.
The first major use case we will see, is as a medium of exchange for exchanges. When enough major cryptocurrency exchanges list Rai (KuCoin just did, Binance will soon, and I guarantee many others will be following), sending Rai from one exchange’s wallet to the other will become the cheapest and fastest way to transfer. So even before widespread adoption, it will have a major use case for transferring money between exchanges and wallets, it is simply the easiest and cheapest option. This is in the near future, measured in weeks and months not years.
It goes so far beyond that, though. When Rai is an option for a transfer, it will ALWAYS be the fastest and cheapest option in any use case, since there is nothing cheaper than free or quicker than a few seconds.
Another major indicator of its future success is its community. As I write this Rai is trending on Github, and has one of the most active Githubs besides Bitcoin itself. I don’t need to explain the implications of this and how essential it is for the coin’s long-term success. The team makes the coin (literally and figuratively) so that alone should inspire confidence. Raiblocks uses DAG (Directed Acyclic Graph) based block-lattice structure, which essentially means each user possesses their own blockchain. Instead of tracking transaction amounts, the user’s chain will record balances, which means much less storage. Rai uses hardly any electricity in comparison to other major coins – which is an enormous bonus in this environmentally friendly environment. I think government regulation threatening cryptocurrency is more likely to target mining than the coin itself, since government’s need excuses and massive energy being burned is a great excuse, so I think that Rai is also significantly less likely to be the target of regulation or swept up in a new regulatory law.
Because each user has control over their own blockchain, neither PoW or PoS is used in the traditional sense to decide on the global state of the ledger. The exceptions are it uses dPOS which allows users to choose a representative node on their behalf, which outsources the work of verifying signatures and voting when there is a conflict. PoW is also used sparingly, but only as an anti-spam measure. This unique system means it is very hard to spam the network (since it’s fee free, something like this is needed) since each block requires about 5 seconds to generate. That means an attempted spammer would require a lot of computational power, while the rest of the network would be completely unaffected. We’re talking many thousands of transactions in a very short period of time before the anti-spam measures are relevant, though.
In a space where every coin or token is trying to do everything and anything (usually, by tokenizing something that is completely unnecessary to tokenize, where the token adds no utility) it is fantastic to see a coin focus on one specific use, and do it perfectly. Rai is a libertarian’s wet dream, an inflation-proof, provably fair store of value and perfectly liquid currency rolled into one.
The implications for money transfer, especially for the enormous migrant remittance industry (582 billion in 2015 and growing) are enormous. Migrant workers who come from the Philippines, Mexico, etc and send money back to their families are sending smaller amounts every week. They are being fleeced by Western Union fees, and although Bitcoin had potential for this industry, for a short period of time, now it is only feasible to send much larger amounts with $30 transaction fees. I picture a scenario, when adoption is increased (it is still so early!) where people can buy Raiblocks via cash or card in their country of choice for a small fee, and send it back to their families FOR FREE and instantly, who can then choose to hold and sell when needed or cash out instantly. Not much infrastructure is needed to make this dream a reality.
Arbitrage will also be a major use case when Rai adoption is increased. Is there a price difference in any nonphysical product or commodity between countries? With Rai, that difference can be taken advantage of in a short period of time. Price differences between exchanges in different countries are often enormous, but with no fees and a few second transaction time, as long as both exchanges accept Rai that gap can be almost instantly leveraged for profit bringing perfect pricing to imperfect markets.
No fees allow the option for countless use cases that have never been considered before for any sort of electronic money, including fiat. There was a recent post on /raiblocks that made me smile, about a father using Rai for his son’s allowance. Think about it – if you want to give your child a few dollars here and there, while also being able to see how and where he spends it, what other option is there? A bank transfer for a few dollars would be absurd, and simply giving cash would require you to have perfect change (for example he gets two dollars for taking out the garbage, but you have two $5’s and a $20). Absolutely not for everyone, however for many people this is the perfect option. In this case the father is also teaching his son about the markets, about online security, probably a little about technology, and the importance of saving and investing. Speaking of that, how about tips? In the largest consumer economy on earth many people are paid majority in tips, which are often cash only. You can’t tip the doorman a few bucks with card, and many people including myself have had to shell out $5 or even $20 since they didn’t have dollar bills. Raiblocks is finally a cryptocurrency that is not just amazing because it is decentralized, because you truly own it and not the bank, but all that and it is more CONVENIENT. The only limit is adoption.
Raiblocks brings all the positives of cash and bank accounts, combined, and does each BETTER. It’s that simple.
edit: Since this seems to be taking off, I should mention this is from the twentyfiveeagles.com newsletter. twentyfiveeagles.com free sign up, great info.
edit edit: Also you get a free intro-to-crypto welcome guide/epub when you sign up via email, I've read it and only worth it if you're a total noob if not just enjoy the content don't bother reading.
I don't understand how anyone can refute the above statement at this point. We have all seen the videos of transactions taking <2s. We have moved from wallet to wallet instantly with 0 fees. We have witnessed tests showcasing how Nano can handle thousands of times the transactions that Bitcoin and Litecoin can currently handle per second when the coin is still in its adoption infancy.
I keep asking myself why the never ending war of who has the fastest confirmations or the lowest fees or whether bigger blocks are superior to The Lightning Network is still occuring. Bitcoin, Litecoin, bitcoin cash, Request, etc. the list goes on of coins that are still trying to solve the wrong problems...
Nano has won. Nano has zero fees and instant transactions (or as close to instant as can be achieved given the infrastructure limits of ping times and CPU power). Its phenomenal transaction throughput means it could be adopted by the whole world without bottleneck. It’s infinitely scalable thanks to its block-lattice technology. There will be no more moments of 100,000+ unconfirmed transactions. There will be no more waiting weeks if you dont pay high enough transaction fees. No more waiting 2 hours to transfer from Binance to Bittrex or Kucoin to your wallet. Want to accept crypto at your website? Want to liquidate your assets? Want to take advantage or an arbitrage opportunity. Nano already can do all of those things. Instantly. and FREE.
The initial exchange it got listed on had security holes that made many initial investors weary, and has scared many new adopters, causing the price to dwindle amidst the past month of fud/fear. People have associated the fault of the exchange with the nano/XRB name, even there was no fault of the tech. But the coin has since moved to exchanges with proven track records. Kucoin. Binance. More to come soon.
Of the pure, non-utility cryptocurrencies trying to solve the technology behind a decentralized and transferrable store of value (coins like Bitcoin, Bitcoin Cash and Litecoin that operate solely as currencies) Nano has no equal. It has found a better way.
Please call me out on being a shill. Search google and check my facts. I honestly implore you research everything I said. The majority of shilled coins cannot walk their talk. You will find if you look though, nano actually can. In early adoption any trading is always a game of hype, pumps, and dumps that so many people get burned on. The safest winner at the end though is always the product the can provide the promised technology. Nano already has that technology. Do not miss out on this before it shoots back above $40 and beyond. Nano is honestly one of the brightest stars in and crypto thus far.
Triangular Arbitrage - Binance. Monitor multiple currencies in a single exchange via websockets. Calculate rate for all possible triangular ab -> bc -> ca paths, via live bid quote. Calculate and subtract fees from rate. Sort and display top opportunities in descending order. Introduction to Triangular Arbitrage. This medium post will discuss this approach applied to Cryptocurrencies on the Binance Exchange with a bot I developed using the Python programming language. Bitcoin cash users now have another venue to earn interest on their digital asset holdings. Binance has added support for BCH flexible deposits on its lending platform, alongside ETH and EOS.This ... The entire project is open source and can be found on GitHub. 1. Blackbird. Blackbird is an open source bitcoin arbitrage bot written in the C++ language. What makes this project so appealing is ... Arbitrage is taking advantage of the price difference between identical assets but in two different markets. Cryptocurrency arbitrage is fundamentally no different than other asset types and in this article, I will show you how I was able to achieve a 1 % profit an hour with nothing more than a hundred bucks in cryptocurrency and a little programming knowledge. GitHub is where people build software. More than 50 million people use GitHub to discover, fork, and contribute to over 100 million projects. Binance Triangle Arbitrage. This app monitors the Binance cryptocurrency exchange in search of triangle arbitrage opportunities. The HUD. The HUD is the chart displayed above. It is repainted after each calculation cycle to show snapshots of currently detected arbitrage opportunities. To disable the HUD, set HUD.ENABLED to false. Reading the HUD. Trade - Three symbols related by exchange rates ... binance arbitrage opportunities and several buy/sell options on binance exchange. We found 166 important crypto arbitrage offers on BINANCE (www.binance.com) binance prices and binance arbitrage data last updated: 40 secs ago. Arbitrage; Prices; Info; All markets listed have a volume more than or equal to 0.25 BTC! Coin: Buy Exchange: Buy Price: Sell Exchange: Sell Price: Profit % NMR-BTC ...
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Cryptocurrency arbitrage trading #18: ETH positions so big that effectively I dictate swap funding - Duration: 11:52. Accurate Cryptocurrency Information 129 views 11:52 This video is obsolete, check out the new version here : https://www.youtube.com/watch?v=Rlx8LjHo9Jc Disclaimer: I am not a financial advisor nor is any cont... In this video I demonstrate How to calculate profit loss when using Triangular Arbitrage Binance Bot and incorporating fees with a Profit/Loss tracking system and data logged to Crypto Triangular ... Thank you for watching the video, do not forget to subscribe to the channel and put a like! Invite friends & Get Bitcoins - http://bit.ly/2KK7Rlk To install ... Live Bitcoin Trading With Crypto Trading Robot DeriBot on Deribit DeriBot Alternative channel 910 watching Live now 🔴 Bill Gates [Live] Microsoft, Bitcoin Crash, Anti-Bearish Coalition ... Read more about Triangular Arbitrage with Crypto: https://medium.com/@BlockchainEng/triangular-arbitrage-with-cryptocurrency-on-binance-exchange-with-python-... In this video I demonstrate added functionality of Crypto Triangular Arbitrage Binance Bot such as collected data on Arbitrage Trading with a Profit/Loss tracking system and data logged to Crypto ... In this video I describe the functionality to actively seek profitable Triangular Arbitrage Opportunities with Binance, including NON-FUNCTIONAL 'outline' of code with Binance commands (needs ...