Title: How to make money arbitraging: bitcoin gold & purse io Post by: smithd98@gmail.com on September 08, 2015, 01:27:26 PM I've found a way to make 9% selling gold bought through Purse.io. (http://www.bitcoinbulls.net/how-to-make-money-arbitraging-bitcoin-amazon-gold/)
It took me about 5 months to figure it out and I want to share it with the community. I think there are a lot of opportunities for arb through Purse. Let me know what questions or thoughts you have by replying to this thread. Here is the link again: http://www.bitcoinbulls.net/how-to-make-money-arbitraging-bitcoin-amazon-gold/ --dave Title: Re: How to make money arbitraging: bitcoin gold & purse io Post by: eneilwex on September 08, 2015, 01:29:25 PM So share, what is stopping you now?
Title: Re: How to make money arbitraging: bitcoin gold & purse io Post by: smithd98@gmail.com on September 08, 2015, 02:41:47 PM Sorry, the link was in the post.
http://www.bitcoinbulls.net/how-to-make-money-arbitraging-bitcoin-amazon-gold/ Title: Re: How to make money arbitraging: bitcoin gold & purse io Post by: odolvlobo on September 08, 2015, 04:52:09 PM I've found a way to make 9% selling gold bought through Purse.io. TL;DR Step 1. Buy gold with a 20% markup on Amazon through Purse at a 30% discount. Step 2. Sell the gold at a local shop at spot price. Step 3. Buy more BTC, keeping the 10% difference as profit. Repeat. Title: Re: How to make money arbitraging: bitcoin gold & purse io Post by: eneilwex on September 08, 2015, 05:02:58 PM Sorry, the link was in the post. http://www.bitcoinbulls.net/how-to-make-money-arbitraging-bitcoin-amazon-gold/ Okay, thanks bud. hope it works for real. Title: Re: How to make money arbitraging: bitcoin gold & purse io Post by: Blawpaw on September 09, 2015, 03:59:37 PM Great Tutorial!
It seems to me like pretty good technique. I guess I got to give it a try! I just don't understand if you buy the gold coins and then wait to receive them by mail to sell them at a local shop. Title: Re: How to make money arbitraging: bitcoin gold & purse io Post by: mookid on September 09, 2015, 05:46:53 PM Yeah, good find. Although it may become hard to get the good discounts on Purse.io to make more room to profit.
Arbitrage its a low risk investment, also, you would need to be in a place where you can receive and send the coins you just bought. Title: Re: How to make money arbitraging: bitcoin gold & purse io Post by: smithd98@gmail.com on October 14, 2015, 04:57:37 PM Yes Blawpaw you buy them and wait to receive them by mail and then sell them at a local shop.
Sorry about the confusion! Title: Re: How to make money arbitraging: bitcoin gold & purse io Post by: maokoto on October 15, 2015, 02:12:57 PM Thanks for sharing it and congratulations for finding this.
It would be hard to find gold offers though. And will become more difficult now that people know about it IMO. |