Bitcoin Forum

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

So share, what is stopping you now?

Sorry, the link was in the post.

http://www.bitcoinbulls.net/how-to-make-money-arbitraging-bitcoin-amazon-gold/

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.

Okay, thanks bud. hope it works for real.

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.

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.

Yes Blawpaw you buy them and wait to receive them by mail and then sell them at a local shop.

Sorry about the confusion!

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.