Bitcoin Forum

Economy => Trading Discussion => Topic started by: hashishday on June 02, 2014, 10:32:04 PM



Title: Bitcoin arbitrage method (6%)
Post by: hashishday on June 02, 2014, 10:32:04 PM
BUY at: https://www.youtube.com/watch?v=C3Gx1wEcrSU  (BTC-e.com)
SELL at: https://www.youtube.com/watch?v=v8HKrDlozNY   (BTCPROMO.net)

Get 6% extra on the way! Just have to act fast and not miss the price.


p.s
if you are satisfied with the share - use my referral link while exchanging!
http://www.btcpromo.net/index.php?r=14YexoWUHWD9BhEn5Co96ZQiJWz8hYbN58


Title: Re: Bitcoin arbitrage method (6%)
Post by: crypto977 on June 02, 2014, 11:22:59 PM
scam....



Domain Name: BTCPROMO.NET
Registry Domain ID:
Registrar WHOIS Server: whois.publicdomainregistry.com
Registrar URL: www.publicdomainregistry.com
Updated Date: 20-Apr-2014
Creation Date: 18-Feb-2014
Registrar Registration Expiration Date: 18-Feb-2015
Registrar: PDR Ltd. d/b/a PublicDomainRegistry.com
Registrar IANA ID: 303
Registrar Abuse Contact Email: abuse-contact@publicdomainregistry.com
Registrar Abuse Contact Phone: +1-2013775952
Domain Status: clientTransferProhibited
Registry Registrant ID: PP-SP-001
Registrant Name: Domain Admin
Registrant Organization: Privacy Protection Service INC d/b/a PrivacyProtect.org
Registrant Street: C/O ID#10760, PO Box 16 Note - Visit PrivacyProtect.org to contact the domain owner/operator Note - Visit PrivacyProtect.org to contact the domain owner/operator 
Registrant City: Nobby Beach
Registrant State/Province: Queensland
Registrant Postal Code: QLD 4218
Registrant Country: AU
Registrant Phone: +45.36946676
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email: contact@privacyprotect.org
Registry Admin ID: PP-SP-001
Admin Name: Domain Admin
Admin Organization: Privacy Protection Service INC d/b/a PrivacyProtect.org
Admin Street: C/O ID#10760, PO Box 16 Note - Visit PrivacyProtect.org to contact the domain owner/operator Note - Visit PrivacyProtect.org to contact the domain owner/operator 
Admin City: Nobby Beach
Admin State/Province: Queensland
Admin Postal Code: QLD 4218
Admin Country: AU
Admin Phone: +45.36946676
Admin Phone Ext:
Admin Fax:
Admin Fax Ext:
Admin Email: contact@privacyprotect.org
Registry Tech ID: PP-SP-001
Tech Name: Domain Admin
Tech Organization: Privacy Protection Service INC d/b/a PrivacyProtect.org
Tech Street: C/O ID#10760, PO Box 16 Note - Visit PrivacyProtect.org to contact the domain owner/operator Note - Visit PrivacyProtect.org to contact the domain owner/operator 
Tech City: Nobby Beach
Tech State/Province: Queensland
Tech Postal Code: QLD 4218
Tech Country: AU
Tech Phone: +45.36946676
Tech Phone Ext:
Tech Fax:
Tech Fax Ext:
Tech Email: contact@privacyprotect.org
Name Server: dns1.namecheaphosting.com
Name Server: dns2.namecheaphosting.com
DNSSEC:Unsigned


Title: Re: Bitcoin arbitrage method (6%)
Post by: koshgel on June 03, 2014, 01:22:06 AM
No such thing as easy money.


Title: Re: Bitcoin arbitrage method (6%)
Post by: pseudoturtle on June 04, 2014, 01:02:40 AM
Verified scam.

https://bitcointalk.org/index.php?topic=612476.msg7017794#msg7017794

and many, many, many more. Do some research. Don't be a complete fucking moron like me and send them 2 btc lol. I'm an idiot. These people suck. Fuck btcpromo.net


Title: Re: Bitcoin arbitrage method (6%)
Post by: BitCoinDream on June 04, 2014, 09:07:36 AM
scam....



Domain Name: BTCPROMO.NET
Registry Domain ID:
Registrar WHOIS Server: whois.publicdomainregistry.com
Registrar URL: www.publicdomainregistry.com
Updated Date: 20-Apr-2014
Creation Date: 18-Feb-2014
Registrar Registration Expiration Date: 18-Feb-2015
Registrar: PDR Ltd. d/b/a PublicDomainRegistry.com
Registrar IANA ID: 303
Registrar Abuse Contact Email: abuse-contact@publicdomainregistry.com
Registrar Abuse Contact Phone: +1-2013775952
Domain Status: clientTransferProhibited
Registry Registrant ID: PP-SP-001
Registrant Name: Domain Admin
Registrant Organization: Privacy Protection Service INC d/b/a PrivacyProtect.org
Registrant Street: C/O ID#10760, PO Box 16 Note - Visit PrivacyProtect.org to contact the domain owner/operator Note - Visit PrivacyProtect.org to contact the domain owner/operator 
Registrant City: Nobby Beach
Registrant State/Province: Queensland
Registrant Postal Code: QLD 4218
Registrant Country: AU
Registrant Phone: +45.36946676
Registrant Phone Ext:
Registrant Fax:
Registrant Fax Ext:
Registrant Email: contact@privacyprotect.org
Registry Admin ID: PP-SP-001
Admin Name: Domain Admin
Admin Organization: Privacy Protection Service INC d/b/a PrivacyProtect.org
Admin Street: C/O ID#10760, PO Box 16 Note - Visit PrivacyProtect.org to contact the domain owner/operator Note - Visit PrivacyProtect.org to contact the domain owner/operator 
Admin City: Nobby Beach
Admin State/Province: Queensland
Admin Postal Code: QLD 4218
Admin Country: AU
Admin Phone: +45.36946676
Admin Phone Ext:
Admin Fax:
Admin Fax Ext:
Admin Email: contact@privacyprotect.org
Registry Tech ID: PP-SP-001
Tech Name: Domain Admin
Tech Organization: Privacy Protection Service INC d/b/a PrivacyProtect.org
Tech Street: C/O ID#10760, PO Box 16 Note - Visit PrivacyProtect.org to contact the domain owner/operator Note - Visit PrivacyProtect.org to contact the domain owner/operator 
Tech City: Nobby Beach
Tech State/Province: Queensland
Tech Postal Code: QLD 4218
Tech Country: AU
Tech Phone: +45.36946676
Tech Phone Ext:
Tech Fax:
Tech Fax Ext:
Tech Email: contact@privacyprotect.org
Name Server: dns1.namecheaphosting.com
Name Server: dns2.namecheaphosting.com
DNSSEC:Unsigned


Wah ! What is the point of copy-pasting a privacy protected whois record ?


Title: Re: Bitcoin arbitrage method (6%)
Post by: pseudoturtle on June 04, 2014, 07:51:35 PM
Crypto 997, you're my hero  ;D

LET THE CALLS BEGIN! MUAHAHA


Title: Re: Bitcoin arbitrage method (6%)
Post by: TwinWinNerD on June 06, 2014, 07:57:12 PM
Stay away from those "arbitrage" sites. All of them are scams that steal your bitcoins!


Title: Re: Bitcoin arbitrage method (6%)
Post by: ruggedman_dan on June 08, 2014, 04:43:42 PM
When people find an actual profitable arb opportunity they don't usually tell others.

I try to keep that in mind when I read these things.


Title: Re: Bitcoin arbitrage method (6%)
Post by: Harley997 on June 10, 2014, 03:59:25 AM
If it sounds too good to be true then it probably is.

This sounds too good to be true.


Title: Re: Bitcoin arbitrage method (6%)
Post by: ShakyhandsBTCer on June 15, 2014, 11:20:54 PM
Stay away from those "arbitrage" sites. All of them are scams that steal your bitcoins!

This. Also if a site could successfully execute arbitrage then they would simply use their own funds. 


Title: Re: Bitcoin arbitrage method (6%)
Post by: morphtrust on June 15, 2014, 11:24:16 PM
When people find an actual profitable arb opportunity they don't usually tell others.

I try to keep that in mind when I read these things.

this is absolutely true with only ONE exception, their friends they are trying to help out, sometimes you get a friend you know well and wants you to do well as well, and will share their finding with you :)

best way to do things is to figure them out for yourself, info from even well meaning people often has issues that need ironed out, something i actually play on when learning more about manipulating materials in chemistry and energy research :)


Title: Re: Bitcoin arbitrage method (6%)
Post by: Harley997 on June 16, 2014, 01:44:57 AM
When people find an actual profitable arb opportunity they don't usually tell others.

I try to keep that in mind when I read these things.

this is absolutely true with only ONE exception, their friends they are trying to help out, sometimes you get a friend you know well and wants you to do well as well, and will share their finding with you :)

best way to do things is to figure them out for yourself, info from even well meaning people often has issues that need ironed out, something i actually play on when learning more about manipulating materials in chemistry and energy research :)

If someone is genuinely interested they can usually find a mentor.


Title: Re: Bitcoin arbitrage method (6%)
Post by: ShakyhandsBTCer on June 16, 2014, 03:11:00 AM
When people find an actual profitable arb opportunity they don't usually tell others.

I try to keep that in mind when I read these things.

this is absolutely true with only ONE exception, their friends they are trying to help out, sometimes you get a friend you know well and wants you to do well as well, and will share their finding with you :)

best way to do things is to figure them out for yourself, info from even well meaning people often has issues that need ironed out, something i actually play on when learning more about manipulating materials in chemistry and energy research :)

Why wouldn't you pay someone who is successful in trading from teaching you?


Title: Re: Bitcoin arbitrage method (6%)
Post by: morphtrust on June 17, 2014, 02:53:10 AM
Stay away from those "arbitrage" sites. All of them are scams that steal your bitcoins!

This. Also if a site could successfully execute arbitrage then they would simply use their own funds. 


you see this??? you just answered your own question that you ask in the quote down below here \/\/\/\/

(truncated)

Why wouldn't you pay someone who is successful in trading from teaching you?


Title: Re: Bitcoin arbitrage method (6%)
Post by: Neotox on June 18, 2014, 05:49:01 AM
may be he was talking about easy profit for him?
Lol

beware of new accounts for investing with them or their idea


Title: Re: Bitcoin arbitrage method (6%)
Post by: DavidHume on June 18, 2014, 08:14:59 PM
No such thing as easy money.

Exactly.

There are so many people on this forum expecting bitcoin value to go up to 10k usd.

A little too far fetch if you ask me.


Title: Re: Bitcoin arbitrage method (6%)
Post by: ShakyhandsBTCer on June 19, 2014, 07:17:55 AM
Stay away from those "arbitrage" sites. All of them are scams that steal your bitcoins!

This. Also if a site could successfully execute arbitrage then they would simply use their own funds. 


you see this??? you just answered your own question that you ask in the quote down below here \/\/\/\/

(truncated)

Why wouldn't you pay someone who is successful in trading from teaching you?

These are two slightly different situations. The bottom is having someone teach you how to do a particular trade (no pun intended), while the top quote is someone actually doing the trade for you.

Kind of like having someone who knows how to fish teach you how to fish verses giving someone fishing supplies and having them fish on your behalf.


Title: Re: Bitcoin arbitrage method (6%)
Post by: CoinInvestmentsEU on June 20, 2014, 09:09:19 PM
Do not trust BTCPromo. They are confirmed Russian scammers.


Title: Re: Bitcoin arbitrage method (6%)
Post by: Velkro on June 21, 2014, 12:45:46 AM
if this is scam, why it is up here since over 2 weeks and moderators didnt clean it? :/


Title: Re: Bitcoin arbitrage method (6%)
Post by: nwfella on June 21, 2014, 12:49:05 AM
OP highly suspect imho.  Proceed with extreme caution of considering this.


Title: Re: Bitcoin arbitrage method (6%)
Post by: bigasic on June 21, 2014, 01:09:44 AM
if this is scam, why it is up here since over 2 weeks and moderators didnt clean it? :/

Bitcoin talk doesn't remove probably scams (caveat emptor, or buyer beware).. But I think arbitrage has had its day.. Back when btc was between 2 and 12 dollars, one could make a lot of money arbitraging. Thats how I made most of of my coin. Now, its much more difficult, still can be done, but there is a lot more risk involved.


Title: Re: Bitcoin arbitrage method (6%)
Post by: Harley997 on June 21, 2014, 05:17:44 PM
if this is scam, why it is up here since over 2 weeks and moderators didnt clean it? :/

Bitcoin talk doesn't remove probably scams (caveat emptor, or buyer beware).. But I think arbitrage has had its day.. Back when btc was between 2 and 12 dollars, one could make a lot of money arbitraging. Thats how I made most of of my coin. Now, its much more difficult, still can be done, but there is a lot more risk involved.

True arbitrage is not possible with bitcoin as you cannot move your bitcoin instantly without your counter-party risking a double spend attack 


Title: Re: Bitcoin arbitrage method (6%)
Post by: jonsi on June 21, 2014, 07:48:41 PM
if this is scam, why it is up here since over 2 weeks and moderators didnt clean it? :/

Bitcoin talk doesn't remove probably scams (caveat emptor, or buyer beware).. But I think arbitrage has had its day.. Back when btc was between 2 and 12 dollars, one could make a lot of money arbitraging. Thats how I made most of of my coin. Now, its much more difficult, still can be done, but there is a lot more risk involved.

True arbitrage is not possible with bitcoin as you cannot move your bitcoin instantly without your counter-party risking a double spend attack  


It is possible if you already have the bitcoins you need to buy/sell in place (ex: on another exchange). Anyway, every arbitrage "investment" has proven to be a scam until now so invest at your own risk (loosing your investment 100% most likely).


Title: Re: Bitcoin arbitrage method (6%)
Post by: ShakyhandsBTCer on June 21, 2014, 08:29:23 PM
if this is scam, why it is up here since over 2 weeks and moderators didnt clean it? :/

Bitcoin talk doesn't remove probably scams (caveat emptor, or buyer beware).. But I think arbitrage has had its day.. Back when btc was between 2 and 12 dollars, one could make a lot of money arbitraging. Thats how I made most of of my coin. Now, its much more difficult, still can be done, but there is a lot more risk involved.

True arbitrage is not possible with bitcoin as you cannot move your bitcoin instantly without your counter-party risking a double spend attack  


It is possible if you already have the bitcoins you need to buy/sell in place (ex: on another exchange). Anyway, every arbitrage "investment" has proven to be a scam until now so invest at your own risk (loosing your investment 100% most likely).

If you already held bitcoin then you would need to risk the existing bitcoin that you held.

True arbitrage is suppose to be a risk-free investment. That is how those scams are so successful as people do not believe they are risking any funds. 


Title: Re: Bitcoin arbitrage method (6%)
Post by: jonsi on June 22, 2014, 01:25:00 AM
if this is scam, why it is up here since over 2 weeks and moderators didnt clean it? :/

Bitcoin talk doesn't remove probably scams (caveat emptor, or buyer beware).. But I think arbitrage has had its day.. Back when btc was between 2 and 12 dollars, one could make a lot of money arbitraging. Thats how I made most of of my coin. Now, its much more difficult, still can be done, but there is a lot more risk involved.

True arbitrage is not possible with bitcoin as you cannot move your bitcoin instantly without your counter-party risking a double spend attack  


It is possible if you already have the bitcoins you need to buy/sell in place (ex: on another exchange). Anyway, every arbitrage "investment" has proven to be a scam until now so invest at your own risk (loosing your investment 100% most likely).

If you already held bitcoin then you would need to risk the existing bitcoin that you held.

True arbitrage is suppose to be a risk-free investment. That is how those scams are so successful as people do not believe they are risking any funds. 

It's clearly you don't understand how arbitrage works. You don't risk anything if you do it right. You buy 1 btc on one exchange for $600 and you sell 1 btc on another exchange for $610 but you do it in the same time, not wayting to transfer the one btc from one exchange to another. In the end you will still have 1 btc and 10 more dollars and you didn't risked anything. Anyway, this is only in theory because in practice you have fees and risks asociated with keeping your money on exchanges.


Title: Re: Bitcoin arbitrage method (6%)
Post by: ShakyhandsBTCer on June 26, 2014, 11:15:07 PM
if this is scam, why it is up here since over 2 weeks and moderators didnt clean it? :/

Bitcoin talk doesn't remove probably scams (caveat emptor, or buyer beware).. But I think arbitrage has had its day.. Back when btc was between 2 and 12 dollars, one could make a lot of money arbitraging. Thats how I made most of of my coin. Now, its much more difficult, still can be done, but there is a lot more risk involved.

True arbitrage is not possible with bitcoin as you cannot move your bitcoin instantly without your counter-party risking a double spend attack  


It is possible if you already have the bitcoins you need to buy/sell in place (ex: on another exchange). Anyway, every arbitrage "investment" has proven to be a scam until now so invest at your own risk (loosing your investment 100% most likely).

If you already held bitcoin then you would need to risk the existing bitcoin that you held.

True arbitrage is suppose to be a risk-free investment. That is how those scams are so successful as people do not believe they are risking any funds. 

It's clearly you don't understand how arbitrage works. You don't risk anything if you do it right. You buy 1 btc on one exchange for $600 and you sell 1 btc on another exchange for $610 but you do it in the same time, not wayting to transfer the one btc from one exchange to another. In the end you will still have 1 btc and 10 more dollars and you didn't risked anything. Anyway, this is only in theory because in practice you have fees and risks asociated with keeping your money on exchanges.
You would still be risking your dollars when you invest in that one bitcoin that you used to execute that arbitrage. At the end of your trade in your example you would have an asset worth $600 and $10 in fiat. If the price of bitcoin were to decline, to say $550 on both exchanges then you would have an asset worth $550 and $10 in fiat with a loss of $40 from before you executed your arbitrage.


Title: Re: Bitcoin arbitrage method (6%)
Post by: DannyElfman on June 29, 2014, 02:54:46 AM
This is almost certainly a scam. There is no such thing as a guaranteed, risk free return on your investment.