Ugh, I’m tired of these smart alecks with their "wise" strategies! Triangular arbitrage, they say! Here I am with my pennies, and they tell me how to get rich by exploiting the price differences between three assets. Who can even do that?
The essence of this whole scheme seems simple - you buy the first coin, exchange it for the second, then for the third, and then back to the first. And if you end up with more than you invested - congratulations, you are a master of triangular arbitrage! But in reality, everything is much more complicated.
I tried this strategy myself with BTC, ETH, and USDT. I thought I was smarter than the market - ha! By the time I executed my last trade, the prices had already changed ten times. In the end, instead of profit, I only got a headache and platform fees.
Of course, they tell us about the "advantages" - financial opportunities, risk reduction, improved market liquidity... It sounds nice! But for some reason, they remain silent about the fact that real success requires either expensive bots or a reaction speed like a ninja.
And slippage? That's when you want to buy at one price, but you end up buying at another because the market moves faster than you can blink. In the volatile crypto market, this is a real nightmare for arbitrageurs.
And in general, I am sure that all these "successful traders" with their triangular strategies are either guys with huge capital and sophisticated algorithms, or just storytellers. For an ordinary person, it's like hunting for ghosts - a lot of fuss, but no results.
In general, don't believe all this beautiful theory. Triangular arbitrage is for the chosen few, and it's better for ordinary mortals not to venture into these depths. Otherwise, you'll lose time, money, and nerves.