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Title: Partner for abitrage is needed Post by: Libin on May 31, 2016, 01:56:37 AM Since the gap between CNY and the USD makets always appears/exsits, It is profitable to do arbitrage between these makets. So I‘m seeking for a long-term partner who is trading at btc-e or/and bitfinex or other USD-BTC makets. You'll buy btc in USD at a low price, and I'll sell it at high in CNY. Then I will exchange CNY to USD, and wire to you via my bank account in Hongkong. The total profit will be slit equally.
When the gap disappears, we will operate reversely to help some rich Chinese to trasfer their CNY asset offshore, and we will charge them a resonable fee. The key of the partnership is trust, maybe starting with a escrow is a good idea. Welcome to discusing any detail. Title: Re: Partner for abitrage is needed Post by: Libin on May 31, 2016, 10:25:36 PM no respons. so this is a bad idea?
Title: Re: Partner for abitrage is needed Post by: TheButterZone on June 01, 2016, 03:02:50 AM Due to wire time delay, keeping it in a cycle would be difficult to time right with market movements, which is why I've been told this sort of arbitrage doesn't already exist to even out USD/BTC vs CNY/BTC.
Though if you have a counterparty billionaire with USD and a good lawyer, you could set up a deal sort of like mine (https://bitcointalk.org/index.php?topic=1354558.0) where enough of their USD is used to buy up all BTC in a market order just below the level of CNY, then you get their BTC sold for CNY, do the forex, and send their mass profit split/USD wire return right away and see if the USD-only BTCers keep dumping their coins to keep the gap wide as the Grand Canyon, or it evens out for a while. Title: Re: Partner for abitrage is needed Post by: CraigWrightBTC on June 01, 2016, 03:06:00 AM no respons. so this is a bad idea? no this is good idea but the problem there are not Chinese people who will arbitase. hope there are people will trade with you.Title: Re: Partner for abitrage is needed Post by: Libin on June 01, 2016, 04:13:56 AM Due to wire time delay, keeping it in a cycle would be difficult to time right with market movements, which is why I've been told this sort of arbitrage doesn't already exist to even out USD/BTC vs CNY/BTC. Though if you have a counterparty billionaire with USD and a good lawyer, you could set up a deal sort of like mine (https://bitcointalk.org/index.php?topic=1354558.0) where enough of their USD is used to buy up all BTC in a market order just below the level of CNY, then you get their BTC sold for CNY, do the forex, and send their mass profit split/USD wire return right away and see if the USD-only BTCers keep dumping their coins to keep the gap wide as the Grand Canyon, or it evens out for a while. Time delay is another problem. I wonder if there is any way to deposit USD instantly (I mean in hours at least) at any USD-BTC maket? Title: Re: Partner for abitrage is needed Post by: Libin on June 01, 2016, 04:18:58 AM no respons. so this is a bad idea? no this is good idea but the problem there are not Chinese people who will arbitase. hope there are people will trade with you.dude, i'm chinese myself. i need a western partner. ;) Title: Re: Partner for abitrage is needed Post by: immangrace on June 01, 2016, 08:13:37 AM The problem is in time delay and probably the BTC-e fees to deposit in it, by that time the correction has happened, unless the correction takes at least 24 hours in which case I doubt no one has already taken advantage of it.
Title: Re: Partner for abitrage is needed Post by: CraigWrightBTC on June 17, 2016, 11:49:13 PM no respons. so this is a bad idea? no this is good idea but the problem there are not Chinese people who will arbitase. hope there are people will trade with you.dude, i'm chinese myself. i need a western partner. ;) Title: Re: Partner for abitrage is needed Post by: Mexicantrader on June 20, 2016, 12:39:37 AM Hello,
Im interested in this. You still asking for helP? Good day Title: Re: Partner for abitrage is needed Post by: densuj on June 23, 2016, 03:59:51 PM Since the gap between CNY and the USD makets always appears/exsits, It is profitable to do arbitrage between these makets. So I‘m seeking for a long-term partner who is trading at btc-e or/and bitfinex or other USD-BTC makets. You'll buy btc in USD at a low price, and I'll sell it at high in CNY. Then I will exchange CNY to USD, and wire to you via my bank account in Hongkong. The total profit will be slit equally. It is good idea, but we can use skrill or okpay as payment method when we make arbitase. And i can become your partners for next time. Feel free to PM me. When the gap disappears, we will operate reversely to help some rich Chinese to trasfer their CNY asset offshore, and we will charge them a resonable fee. The key of the partnership is trust, maybe starting with a escrow is a good idea. Welcome to discusing any detail. |