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Does arbitrage trade still work?

Mia Kruger of Kruger International on Murray & Roberts securing an AU$400m contract in Australia. Moneyweb’s Ciaran Ryan talks bitcoin collapsing 20%. Bidorbuy CEO Craig Lubbe discusses online shopping trends since the hard lockdown.

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Bitcoin is volatile to the up-side, and the trajectory is still up.
There may have been a correction, but we are still up around 15% since 1 Jan this year.
Ciaran, here is a pro-tip…should be buying on the cheap exchange and selling on the expensive one SIMULTANEOUSLY, at the exact same time.
Your exposure to losses is the 1 second that you take to press the buy and sell buttons at the same time on your computer.
The difference in price is free money.

Arbitrage is not as simple as buying on a cheap exchange and selling on an expensive exchange, even when done simultaneously. Transaction costs such as exchange commission fees
and BTC transfer costs add up and need to be taken into account.It costs Bitcoin to transfer Bitcoin, and you pay more to have your BTC transferred quickly.

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