1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

Originalman

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Wow
 

AyBrehHam Linkin

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I copped 1mil Shiba as my first coin, i see it's calming down but i still might put more in. :ld:

What's another good coin to invest in? i got coinbase, crypto.com and kucoin
 

BucciMane

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So explain this to me like I am 5 years old. You saying folks buy the coin cheap on hotbit and sell of for a higher price on another exchange?

Arbitrage is essentially when you have a coin or stock and it is selling for $50 on one exchange, but it is selling for $58 on another exchange. People will buy for $50 on the exchange where it's price like that, and then move to the exchange where it's selling for $58, and sell it for $58. Assuming it was bought and sold for those exact amounts, you'll net $8/coin/stock you bought and sold.

It's easier said than done with some coins, as prices can even out pretty quickly across exchanges.
 
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