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Arbitrage from the ground up. Pitfalls. Part 2.

Commission Concerns: One of the most pressing issues afflicting the ETH network is escalating transaction fees. As network congestion reaches its peak, transaction fees can skyrocket to exorbitant levels. In instances of high gas fees, a single transaction may demand approximately $150, making profitable endeavors with smaller amounts on the ETH network a challenging feat.

Potential Scams: The landscape is rife with possibilities for deception and pitfalls, presenting a multifaceted challenge. It encompasses scenarios ranging from counterfeit coins to team-driven liquidity withdrawals followed by project abandonment. Furthermore, blocked accounts on exchanges, often under the guise of arbitrage or other fabricated reasons, as well as delayed transactions due to network congestion, compound the risk landscape.

Time Sensitivity and Velocity: The capricious nature of these occurrences introduces a temporal urgency. Instances such as the TORN incident at 4 am Kiev time or the fleeting arbitrage windows, measured in minutes, demand constant vigilance. Any oversight due to haste can translate to substantial financial losses, highlighting the imperative to remain fully attentive.

Wallet Residency: A cardinal rule mandates that funds should always reside in one's personal wallet. For those harboring the notion of swiftly transferring ETH from platforms like Binance to MetaMask, it's a notion best discarded. Undertaking transactions sans available wallet funds is ill-advised, as the likelihood of incurring substantial fees followed by potential ETH entanglement or missed investment opportunities looms large.

Concluding Insights: It bears reiteration that the endeavor at hand is one of exceedingly elevated risk. Novices are advised to embark with modest sums or simply observe, progressively building acumen. The spectrum offers potential for transformative financial gains, akin to instances involving GALA (twice), TORN, HT, CRV, and the Phemex exchange, among an array of other smaller coins. However, it is imperative to remain impervious to the allure of "fomo" – a perilous sentiment that can wreak havoc from within. Abundant opportunities persist within the market; embrace a path of learning, honing skills, and eventually, fortuitous outcomes shall grace your journey.