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Main => General Discussion => Topic started by: BldSwtTrs on September 25, 2014, 05:21:38 pm

Title: Manual market making, worth it?
Post by: BldSwtTrs on September 25, 2014, 05:21:38 pm

Hi,

I wish to know if it's possilbe to make a decent profit by spending time doing some non-automated market marking for the BitAssets or a if bot is indispensable for such activity?

Title: Re: Manual market making, worth it?
Post by: biophil on September 25, 2014, 05:34:23 pm

I highly doubt there is enough volume right now to make it worthwhile to do it by hand.

The one place where it could work is in the BitUSD/BitCNY market. Since fiatCNY is essentially pegged to fiatUSD, the ratio between BitUSD and BitCNY should change quite slowly over time, so manual market making in that market would be equivalent to placing a single bid and ask, +/- whatever spread you want to offer.

Title: Re: Manual market making, worth it?
Post by: xeroc on September 25, 2014, 05:35:46 pm

Quote from: BldSwtTrs on September 25, 2014, 05:21:38 pm

Hi,

I wish to know if it's possilbe to make a decent profit by spending time doing some non-automated market marking for the BitAssets or a if bot is indispensable for such activity?

All operations that can be performed by bots can also be performed by humans .. (no the other way round thought) ... the only two advantages bots have is a) they are automate! b) they are faster. .. then there are some psycological factors also but I won't bother with them ..

in the end you can still trade 'manually' and can make some profits depending on you trading .. sure

Title: Re: Manual market making, worth it?
Post by: tonyk on September 25, 2014, 06:45:07 pm

I personally find manual trading on the BTSX platform+BTER+BTC38 while reading this forum quite entertaining, if nothing else. Plus you do not need any high amount of profit as it is your free time reading about the stuff you like anyway....

If the question is about 'market making', I would leave this job to the automated systems...

Title: Re: Manual market making, worth it?
Post by: bytemaster on September 25, 2014, 07:26:57 pm

I have made good money with manual ops. 

Title: Re: Manual market making, worth it?
Post by: biophil on September 26, 2014, 12:36:35 am

Quote from: tonyk on September 25, 2014, 06:45:07 pm

I personally find manual trading on the BTSX platform+BTER+BTC38 while reading this forum quite entertaining, if nothing else. Plus you do not need any high amount of profit as it is your free time reading about the stuff you like anyway....

If the question is about 'market making', I would leave this job to the automated systems...

Yeah good point, it's an excellent feeling to manually pull the trigger on a nice fat arbitrage.

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