Correct my if I'm wrong but bitcoin arbitrage doesn't seem like good idea, here is pretty good explanation - https://www.cryptocoinsnews.com/bitcoin-price-arbitrage-expl...

I would better put my money in more "real" etf's and start from there.

> Correct my if I'm wrong...

You are very wrong, plus you are talking to jerguismi (localbitcoin's founder), who I'd presume has made quite a bit from arbitrage in the space...

The article does make a very interesting point. One which I'm hoping jerguismi could respond to.

The article talks about the slow transaction time being a barrier to arbitrage. Basically, you couldn't buy in one market and sell in another market simultaneously. Wouldn't that make an arbitrage opportunity speculative?

Also, because jerguismi is a founder of a bitcoin exchange, isn't it in his interest to promote trading bitcoin? I have no reason to believe that jerguismi would misrepresent his knowledge, but I think his role in the bitcoin community isn't de facto evidence that his statement is true.

> The article talks about the slow transaction time being a barrier to arbitrage.

The article is wrong on many levels. You don't need to transact (or even own) bitcoins in order to arbitrage. You can just buy/sell and open short/long positions via the exchanges websockets API... Not WallSt speed, but a decent speed for any self-made bot vs point&click traders.

Can you elaborate a bit more? What do you mean by "You can just buy/sell and open short/long positions"?

Can you please elaborate more? I would like to learn about this topic. Or at least give me some good pointers to look quality information.

In the Spring 2013 I made $4k in one month on that. Just bought $2k worth of bitcoins and sold them for $6k a month later. But it was way easier back then (because bitcoin price just kept growing without any downward motion), and I was risky.