4

Is there a bitcoin robot that can automatically trade bitcoin for USD?

I see that bitcoin rates fluctuate every day and has different rates at different exchanges, and it could be easily traded like other currencies.

So, is there a bitcoin robot, similar like forex robots?

  • I found this minzie.com/Lazy is a opensource btc trade bot, currently for BitStamp only. – user6203 Aug 5 '13 at 18:17
1

I tried writing one in 2011-12. I ended up doing a lot of volume, but I only broke even because of the commission. I generated a lot of money for Mt. Gox though!

In general, writing an automated trading program is always going to be a difficult task, because anyone who can write a superior program can cut into the profits of the inferior program, which leads to a development arms race. This is what some hedge funds do (not with Bitcoins), but any models they develop are only expected to make money for a short amount of time.

Even if someone released a high-quality open-source program, it would be difficult to make money by using it because so many people would run it.

protected by Community Sep 4 '13 at 19:10

Thank you for your interest in this question. Because it has attracted low-quality or spam answers that had to be removed, posting an answer now requires 10 reputation on this site (the association bonus does not count).

Would you like to answer one of these unanswered questions instead?

Not the answer you're looking for? Browse other questions tagged or ask your own question.