<p>If you want to make money on arbitrage like this, you should have reserves on both exchanges, and at the moment when you are buying in btc-e, you should sell at cryptsy (for example). Otherwise te price can change to "wrong" direction when you are transfering bitcoins from btc-e to cryptsy or vice versa. Also, you should understand how to withdraw/deposit fiat to this exchanges fast with minimal expences, that can be the biggest issue especially for btc-e.</p>

CC BY-SA 3.0
2014-11-28T22:54:00.890Z
2014-11-28T22:54:00.890Z
ElRey777
<p>Consider the following scenario, </p>

<p>I have 365 USD in Btc-e and 1 BTC in Cryptsy, now I bought 1 BTC at a price of 362 USD in Btc-e and sell it on Cryptsy with 370 USD, now I made the profit of 4 USD (included txn fee), now the current market price of 1 BTC is 370 USD</p>

<p>Market price I mentioned was 1 BTC = 360 USD<img src="https://i.sstatic.net/gdveJ.png" alt="enter image description here"></p>

<ol>
<li><p>How the market price affect my profit?</p></li>
<li><p>Still I have 8 USD profit in Cryptsy or I made a loss/profit with respect to market price?</p></li>
</ol>

CC BY-SA 3.0
2014-11-28T07:29:18.290Z
Note that both of those exchanges will charge you a fee - usually on the order of a third of a percent. (About 1 USD on each end.)
Nick ODell
CC BY-SA 3.0
2014-11-28T07:55:39.697Z
@NickODell, Ok lets take approx profit as 4 USD
M.R
CC BY-SA 3.0
2014-11-28T09:54:25.077Z
There is no one market price. Each exchange has it's own. Also you have made 0 profit until you have either the btc in your own wallet or the money on your back. I have a 10x profit on mtgox too. Other than that I don't understand your actual question.
Jannes
CC BY-SA 3.0
2014-11-28T10:42:50.790Z
@Jannes, If there is no one market price then how would you know the profit in USD?
M.R
CC BY-SA 3.0
2014-11-28T12:42:20.583Z
That's my point. You don't. As long as the USD is not in your bank account it's not USD but rather USD-on-Cryptsy or USD-on-BTCE. Or my USD-on-MtGox...
Jannes
<buy-bitcoins><btce><sell-bitcoins><arbitrage>
Is bitcoin arbitrage profit varies with BTC market price?
M.R
# Is bitcoin arbitrage profit varies with BTC market price?

(Asked by: username_0 on 2014-11-28)

Consider the following scenario,

I have 365 USD in Btc-e and 1 BTC in Cryptsy, now I bought 1 BTC at a price of 362 USD in Btc-e and sell it on Cryptsy with 370 USD, now I made the profit of 4 USD (included txn fee), now the current market price of 1 BTC is 370 USD

Market price I mentioned was 1 BTC = 360 USD![enter image description here](https://i.sstatic.net/gdveJ.png)

1. How the market price affect my profit?
2. Still I have 8 USD profit in Cryptsy or I made a loss/profit with respect to market price?

**Tags:** buy-bitcoins, btce, sell-bitcoins, arbitrage

> **Comments:**
> **username_1**: Note that both of those exchanges will charge you a fee - usually on the order of a third of a percent. (About 1 USD on each end.)  
> **username_0**: @username_1, Ok lets take approx profit as 4 USD  
> **username_2**: There is no one market price. Each exchange has it's own. Also you have made 0 profit until you have either the btc in your own wallet or the money on your back. I have a 10x profit on mtgox too. Other than that I don't understand your actual question.  
> **username_0**: @username_2, If there is no one market price then how would you know the profit in USD?  
> **username_2**: That's my point. You don't. As long as the USD is not in your bank account it's not USD but rather USD-on-Cryptsy or USD-on-BTCE. Or my USD-on-MtGox...  

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## 1 answers

### Answer by username_3 on 2014-11-28. Score: 1

If you want to make money on arbitrage like this, you should have reserves on both exchanges, and at the moment when you are buying in btc-e, you should sell at cryptsy (for example). Otherwise te price can change to "wrong" direction when you are transfering bitcoins from btc-e to cryptsy or vice versa. Also, you should understand how to withdraw/deposit fiat to this exchanges fast with minimal expences, that can be the biggest issue especially for btc-e.


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