Bitcoin Forum

from trading minor fluctuations between different exchanges eg mtgox - coinbase - btc-e.

ive done it and now im rich if you follow what i did with my system i will show u for free wotch

buy when 400 on coinbase and sell when 401 on bitstomp do that with lots of money and u make 7 grand a week

Good idea, I just deposited on mtgox, I'll be rich soon then?

ther there is a leverage button on coinbase you can trade more amounts for less when u make the the shnacker shnaw profit u get the return back

Got it, thanks.

Can this be done on bitstamp too?

wait whut?

And who pays the commissions on both these exchanges? 1% on each trade means you are out of $8.

Oh wait..you are rich..you must have found a way out. :D Why limit to $7000/ week then?

Arbritage doesnt make that much money theres no way.....

All you have to do is pay him $100 a week and he tells you how to make $7000 a week.  Its the best deal I've ever heard of.

you can make more money if you sell stupid advices for 100$ or make scam site. seriously, this cind of bitcoin community members make damage to bitcoin and take your money for nothing. we should ban them from our forum or at least just ignore.

Highly doubt that this is true. There is a very little profit margin here.

count me out.

Fantastic idea, will get in touch with you as soon as all my exchange accounts are set up

yes.. yessssss please  ;D i would love to make $7000 a week.
i didn't read all the OP, and only scrolled the responses..
some say sure, some say no../
but i think from what i got off the op was that you can make lots of money trading minor movements.
i get this.. well i think i understand it. low capital investment, high % return.
this was my plan, although i never even brought any crypto.. i only play with what i was donated.
and i have slowly being loosing it.
how does one figure out what to get in and out of and when? 

ok, i just re-read this whole thing
i thought he was talking about trading small movements in price,
not just moving coins around exchanges..
loosing 1% on fees... on a 1 cent margin means you loose money.
the time taken to transfer coins from one to another means the price of it will no doubt change.
this thread is stupid. i can't believe i wasted battery power on this.
wait why am i still wasting battery power on this   ???

Mtgox? I double-checked to confirm the thread was made 2 weeks ago in Apr, while mtgox went down in Feb.
The thread just make me lol literally. :D

Doubt this still works though

Good idea. THanks!

great idea! But I believe, person who is reach can pay for his education to write words without making mistakes.
And a bit of advice for the future: money love silence.

Did you invent the wheel as well?  ::)

I like the proof of profit you have shown us. At least you could of done if you actually thought someone was going to believe you was show some proof.

after mt. gox comes back online, i'll be a zillionaire

Is it true? Don't cheat us :o

+1 ;)

He obviously made a lot of money, guys. Stop picking on a guy that shits himself. How low can you stoop?

http://jp2.r0tt.com/l_6ec39650-9bc1-11e1-b354-8fa327400002.jpg

OP has no idea what he is talking about. At first you can't use Gox, secondly he didn't even mention Bitstamp. For one to make $7000 in a week, one has to have a lot of capital (bitcoins) to begin trading with.

Your method worked for you I think if others follow you are little chances to be rich like you.

Have you read any previous posts? This method does not work.

what was the point of this entire thread?? loool same this thread made me google so many things...talk bout fud

I haven't made $7K this week, where do I get my refund  ;D

you can profit in the event that you offer doltish advice for 300$ or make trick site. genuinely, this sort of bitcoin group parts make harm to bitcoin and take your cash to no end. we ought to restrict them from our discussion or at any rate simply disregard.

how much do you need to have then and people buy it in parts if the price gets riched so it can take alot of time.

lol @ this thread.

Chances are if you try next week you'll make 14k instead because you are due for 7k + 7k.  That's how it works.

7000$ its realy good. in a week... cool

Wow! This has changed my life forever! How can I repay you for your awesome advice? Do you have a ShitCoin wallet address?

so i have 1000$, i can get 7000$ profit i week? sound like

I was reading this discussion and there is only one thing to say about it: if I were making $7000 a week, I would DEFINATELY NOT tell about this to anyone  ::)

Please read the previous posts. Don't try this or you will lose your money.

yes but only when they will add DOGE there
and dont forget to keep all your coins in dogevault it will give you extra +100 to mana

Ipoomyself clearly is an expert in the field of arbitrage and you should definitely trust his foolproof methods.

FTFY.

I don't even know why people bother - scammers somehow think we're going to fall for something that is so obvious. Let me reiterate - we ain't that dumb.

OP, I can't find the 'Get Rich' button on any of these exchanges. Can you please make a tutorial?

Can't be done.

The bank will call you if you transfer large sum of money.

Just tell them ipoomyself told you to do it.

I have done it too in the past but now I'm not rich  :o

Maybe I'm just unlucky or this method doesn't work for us common mortal  :)

Bs. I tried it and i am broke. Step 1 was buy bitcoin with home equity right? then step 2 was transfer to inputs.io and wait for the return each week?

If only it was this easy. It never is.

Yes op surely i need 7 ,000 * 400 equals 2,800,000 dollars, if i had that sum of money believe me the last thing i would do is wasting my time with your stupid method

I still didn't receive your ShitCoin address :D

sure

How to make 7000$ a week:

1. Be rich
2. Buy bonds
3. ?????
4. 7000$ per week payout.

u can do it just beleve in u selfs

Seriously, let's see some proof then.

I really want to know how this will make me rich, please provide some kind of proof.

It's called arbitrage, the risk is lower than trading, but there's still risk.

also, it takes a lot of time to move fiat between exchanges.

Haha this made me laugh.  ;D ;D ;D

I think number 3 is the most certain way to earn $7k per week.

If you do something unique that no one else has thought of you will have an advantage over others

Ummm... In order to make $7k/week from arbitraging on a $1 difference, you would have to be trading a volume of 7k BTC per week. And then you have to take into account the 1.5% fee that most exchanges charge. So in essence, arbitraging for a dollar would be losing you money. Way to go OP. You turned 2 million dollars into 1 million. That's what I'd call success.

it is really close to the "publish private keys" button and it is really easy to get the two mixed up so you might accidentally have your coins stolen

So you buy for $400 and sell somewhere it is worth $401? You make $7000 per week?

You should buy minimum 7000 BTC in total to make this much. Ofcoure there are reinvestment thingy, but who would stay with 5 BTC in your hands and then sell it for $5 profit in that big risk?

invest 700000 on bitfinex get 7000$ intrest per week.

With only 1$ change , you made 7000$? OK.

Thats what i call suspicious.

This thread is created on April.

How is the strategy working out so far?

He is too rich to respond now

Still has time to log in. No doubt his method is possible, I know plenty of people who buy low on on site and sell high on another but they're not rich. They make a little extra change and that's about it. Problem is when you get into high volumes of trading that's when regulations kick in.

And what about risk holding 10 BTC for $10 and then seeing BTC price dropping $20. Bam $200.

I don't thunk bitfinex pays 1 percent per week. Their rates are closer to 6 percent per year e

they do pay that for USD. for BTC you are right

where to for do i send my bitcoin's for 7000?

Buy low Sell higher  (how can that possibly go wrong?)

Yes arbitrage strategy is possible in bitcoin exchanes and you can make more than 7000$ depend on how many exchanges you use(there are alot out there) and how much money you can invest!I am using thise system in a lot of markets and i am very pleased.Also you dont have to pay for it its free alll over in google just search..
 

Example:

What you can do is to have 5.000$ etc and 8 bitcoins etc on exchange A and the same amount on exchange B and when there is different price (odds, buy&sell)between exchanges you take the oportunity and buy and sell at the same time with no risk this system is sureprofit.

Do any of the trading bots that already exist for bitcoin exchanges include arbitrage?

I dont know about bots i think there is but i dont know how safe they are i prefer to do it manually.
Also bots may not calculate a new commision or something that wont be expected..

Haha that makes a lot of sense

but you need to be rich allready to be able to make 7 grand a week?

And what is the risk for putting 700k into a BVI registered company?

This is a huge trading volume. It would work out to be a large portion of overall trading and would be unlikely that it could be pulled off

There is a big risk when trading with IBC company and 700000 its a big amount.. i dont think that there is anybody who use so much money for trading BTC between exchanges there are a better trading and investing oportunities for 700000...

The outstanding swap on bitfinex is around 30M right now.

Can't believe there are that many people that put so much trust with the exchange.

I don't think he realizes there are trading fees and withdrawal fees and deposit fees.

Well it sure is lower than the added ROI. Atleast in my opinion and in the rest of the 30,000,000 USD that are deposited there in swaps.


First of all, what I proposed was NOT trading but using the swap system. Second, sure there is a substantial amount of risk, so is everywhere else, but still the ROI compensates for that risk more than it should be in my opinion.

Just curious what recourse users have in the event that they turn "gox".

In the event I would write-off my investment. The rest would be handled by the insolvency process.

There is likely a lot more on deposits on other bigger exchanges like btce

This is not deposits total. This is just the active swaps! The deposits are likely in the 100+M range.

trading fees of even .2% would more then wipe out his profits.

some exchange hit people with they fee but i think some exchange use fair system on trading . but really  hard to makes some profit with it if low capital .
i think all need big capital to get biggest result :D

The spread in the old day used to be wider. As more people trying to find way to profit from easy money, the profit diminished.

After paying fees for both exchanges you will got zero profit.

Just by reading what he wrote you can see that he has no idea what he's talking about.
If there were no fees, and if transaction times were 10x as fast, with no additional deposit/withdraw fees, then you could exploit this.

there is not a trading fee and deposit fee and withdrawal fee
if it was easy to do as possible all those who trade will do that
it's just my opinion  ;)
thank you

regards.

If this was the case then the exchange would not make money. So they would have no reason to be in business.

MAKE $5000 A WEEK FROM BUYING IT 597 THEN WP TAIT UNTIOL THE PRICE GOES UP TO 595 2 DOLLER PROFIT

I think the OP is just looking for attention TBH, as I don't think that many people would want to brag about making this kind of money as it would subject them to a number of attacks.

Yes.

And we need to let this thread go away.

If all he can capture is a $1  price different the trading fees would actually cause him to have a loss

Ummm... How is the price going UP if it goes from 597 to 595? Last time I checked, that's a DROP in price. Unless you're using some kind of math that I've never heard of before...

I think he gave us an example on how it works. If you want to get profit, you will have to trade after the USD/BTC price increase by at-least $50+ . I don't think it is good idea to trade now as the price isn't reaching $600 . The price is going down and then going up in between $580 and $592 .
Kindly,
       MZ

Does no one else think he is drunk here?

This is actually a bad idea. If you had to pay .15% trading fee then you would lose $0.05 per bitcoin that you trade when capturing a dollar spread. This assuming trading fee is much less then what most exchanges will charge you.

I find it hilarious, that most people ITT think they can exploit such opportunities faster than bots that are programmed to do that 24/7 with a reaction time of a few ms.

Not only that but you have to factor in the fact that you cannot move bitcoin instantly that exchanges will accept (exchanges usually need at least 3 confirmations - 30 mins- prior to crediting your account)

Moving fiat across exchange takes time.

The fiat part of transfering money is not really part of the arbitrage. The important part is executing the trade fast and without/little slippage. Sure if Fiat takes ages to move around, then your expected value will decrease over a given time frame, but the absolute% return of the arbitrage trade isn't depending on this.

The amount of time it takes to move fiat from exchange to exchange will affect how often you are able to execute the abridge, as if it takes 10 days to get money from exchange A to exchange B then you can only trade your bankroll amount at most once every 10 days.

Assuming there are opportunities to be had, the less time you can move from exchange to exchange, the higher your return will be.

I, too, I also know how to make $ 7000 a week. In total, for example, it is necessary to throw in cloudy mining approximately 47K $. Nothing complicated .. There are many options)