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Title: what about this trading strategy Bitcoin Post by: egybitco on April 12, 2015, 03:57:43 PM It is arbitrage buying cheap from BTC-E with Fiat using OKpay or PerfectMoney and sell @ high price selling platform (which also accepts OKpay or PerfectMoney for withdrawing Fiat)
witch until now did not find a trusted platform only {indacoin} withdrawing to Payza fees withdrawing inda+funding payza=6.5% it is high but at the end you will make a profit questions which platform high price selling trust and accepts OKpay or PerfectMoney for withdrawing Fiat ??? how long it takes withdrawing fiat to OKpay or PerfectMoney so i can make the same circle more than once a day or not? am i dreaming ::) Thank you Title: Re: what about this trading strategy Bitcoin Post by: Juvenal on April 12, 2015, 08:51:00 PM It is arbitrage buying cheap ... Yes, you are dreaming. At least at present. Feeshow long it takes withdrawing fiat to OKpay or PerfectMoney so i can make the same circle more than once a day or not? am i dreaming ::) and turnaround time make this a losing proposition. At one point last month you could pull this between BitYes (buying BTC) and Coinbase (selling BTC). That was because of low fees -- both Coinbase and Bityes were running zero fees for makers. Turnaround time was more or less one day with Coinbase consistently at a $2 premium to Bityes. However this relied on using Astropay to get USD quickly back to Bityes from Coinbase with zero fees. Now Bityes has reinstituted maker fees, suspended Astropay deposits, and the average premium as fallen to ~$1. Title: Re: what about this trading strategy Bitcoin Post by: Chris56 on April 13, 2015, 03:45:16 PM i prefere to short it, but were can it be done
Title: Re: what about this trading strategy Bitcoin Post by: bitboy11 on April 13, 2015, 06:04:11 PM It is arbitrage buying cheap from BTC-E with Fiat using OKpay or PerfectMoney and sell @ high price selling platform (which also accepts OKpay or PerfectMoney for withdrawing Fiat) witch until now did not find a trusted platform only {indacoin} withdrawing to Payza fees withdrawing inda+funding payza=6.5% it is high but at the end you will make a profit questions which platform high price selling trust and accepts OKpay or PerfectMoney for withdrawing Fiat ??? how long it takes withdrawing fiat to OKpay or PerfectMoney so i can make the same circle more than once a day or not? am i dreaming ::) Thank you You are not dreaming as this scenario is entirely possible, I did this exact arbitrage technique between BTC-e and Virtex using Perfect Money, OkPay and Payza. However, Virtex disappeared with my money. I have also performed this circular strategy between BTC-e and VirWox with my Credit Card. At the end of the day, the real question is if it is worth the time and effort as the differences in prices between exchanges are very small plus the deposit and withdrawal fees are high enough to take most of your profit. Title: Re: what about this trading strategy Bitcoin Post by: egybitco on April 14, 2015, 08:19:24 AM very much appreciate your answers guys
i did my math between a lot of sites then i discovered this if it is no impossible so it dose not worth Title: Re: what about this trading strategy Bitcoin Post by: grandFX on April 15, 2015, 07:11:15 PM this is not a trading strategy
but it only utlitiez the difference in price from the exchange Title: Re: what about this trading strategy Bitcoin Post by: Amph on April 16, 2015, 08:08:43 AM It is arbitrage buying cheap ... Yes, you are dreaming. At least at present. Feeshow long it takes withdrawing fiat to OKpay or PerfectMoney so i can make the same circle more than once a day or not? am i dreaming ::) and turnaround time make this a losing proposition. At one point last month you could pull this between BitYes (buying BTC) and Coinbase (selling BTC). That was because of low fees -- both Coinbase and Bityes were running zero fees for makers. Turnaround time was more or less one day with Coinbase consistently at a $2 premium to Bityes. However this relied on using Astropay to get USD quickly back to Bityes from Coinbase with zero fees. Now Bityes has reinstituted maker fees, suspended Astropay deposits, and the average premium as fallen to ~$1. there are platforms that can make this easy http://bitcoinpricelab.com/, you won't earn much, but it is doable note that this site isn't complete, many exchange are missed Title: Re: what about this trading strategy Bitcoin Post by: syamster on April 21, 2015, 12:36:32 PM this is not going to profitable, at last we get frustrated and start selling with whatever we have, so I prefer, you buy it from low priced exchanger and hold it for some days, if it goes below, then average it, you can sell it when the price go up, nothing to worry....
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