|
OK, let us at least agree on something. The arbitrage method is used every day on bunch of other exchanges, oil, wheat, gold, etc. This is something traders take advantage a lot. If this is something which exists in other markets, it can definitely exists in a highly imperfect and unregulated BTC market. Whether these particular guys actually take advantage of it, as I have stated, I can only hope.
|
|
|
|
I saw the "btc-e/bitstamp" argument coming  First of all your figures are incorrect: you have to consider orderbook depth too. If you are going to buy any significant amount on btc-e you are looking for 433+ $ prices (probably higher) (429 is the current BID price: you cannot place bids and wait with these kind of volumes). Bitstamp bid is currently 444$. The usable spread is around 2.5%, subtract the fees and it's 2%. Then there are the banking fees to deposid/withdraw usd which are usually around 1% each way (sometimes more). The arbitrage profit is zero or barely anything OR OTHERWISE EVERYONE WILL BE DOING BTC-E/BITSTAMP arbitrage all day long and the prices will be the same. Again, simple logic is your friend. Sometimes the spread is higher and there is a little arbitrage opportunity window (usually when one of the two exchanges flash crashes), but it doesn't last long, obviously. Wanted to update the previous thread with a few additional pieces of info, hope u don't mind. Please do not list argument only to support your claims. We all know very well prices on BTCe are lower cause they require almost no verification of any kind as opposed to Bitstamp which is quite detailed on this. As a result, black market BTCs re being dumped on BTCe constantly thus lowering the price and this is hole not easy to close. In addition, there are bunch of other exchanges which contribute to the market dept. In addition, BTC arbitrage is not only BTC to fiat. I personally do alts to alts arbitrage every day and most of days I end up making around 1%. U want another example, my last trade was Darkcoin, yesterday, the price difference between exchanges was well over 1%. Also, bunch of people use trading bots and some of them are quite profitable. All I am saying is that this might be possible, I have done it personally, not every day, but I have neither time not skill to do this full time. Yes, but as I said, arbitrage opportunities are SMALL, you can do 1% with few usd before the gaps close but you cannot do that with $ 1 mil. You don't want to use other's money, you want to use yours. And competition is already steep cause of bots, as you noticed too. That's the entire point. You do realize that the amount BTC traded on a good day is anywhere between 300.000 and 450.000 coins. That is almost 200 million dollars. Add to this LTC trade, alts to alts trade, this is a huge market. Opportunities are there, one only needs to find them. |
|
|
|
Current spread between Bitstamp and BTCe is $17. To put it differently, Bitstamp BTC price is 446 and BTCe is 429. That is almost 4%. This is comparison of only 2 BTC exchanges out of dozens online. After all this you say it is impossible to make 1% profit, well I have news for you, you are wrong big time. Whether they actually do arbitrage or not, I cant tell, what I can tell is that I use them for months and have had no problems at all. Having said this, I ll repeat the phrase I always says, when dealing with anything Bitcoin related, DO NOT INVEST anything you cannot afford to lose. The entire BTC economy is still very unsafe. For you personally, if you do not like this thread, there are bunch of others here, good luck and thank you for your comment, all this you have said has been repeated ten times in this thread.
Bla bla bla, what a hogwash. I'm not going to allow you to fool people  Some Facts: There is a 1% fee to deposit funds to btc-e via Bank Transfer (only method for any large amount ). So 1% is lost if trying to arbitrage.Moreover It takes over a week for the deposit to process, sometimes several weeks..check the complaints on btc-e thread..very hard to arb effectively. The Spread is usually $10 difference sometimes more, sometimes less,its never constant. And there is a limit to how much one can profit as the Order books are SLIM. You can make 1% on $10k, but i doubt that scam is handling only $10k. It is easier for the anonymous admin to keep your money and pretending to work !.. I'l repeat also: Do NOT invest in this soon-to-be-scam. Buying bitcoin is already risky, and when you'll lose your coin on this ponzi and btc surges to new heights you will regret to have taken double risk and lose it all. Keep your coins in your own hands.I share my experience here, will not try to convince anyone into something they do not believe in. Maybe Dodo, protector of the investors, is correct. Anyway, I am about 20+ days away from reaching full ROI. Dodo, please do send me your address so I can send you some bird seed when I do. |
|
|
|
I saw the "btc-e/bitstamp" argument coming First of all your figures are incorrect: you have to consider orderbook depth too. If you are going to buy any significant amount on btc-e you are looking for 433+ $ prices (probably higher) (429 is the current BID price: you cannot place bids and wait with these kind of volumes). Bitstamp bid is currently 444$. The usable spread is around 2.5%, subtract the fees and it's 2%. Then there are the banking fees to deposid/withdraw usd which are usually around 1% each way (sometimes more). The arbitrage profit is zero or barely anything OR OTHERWISE EVERYONE WILL BE DOING BTC-E/BITSTAMP arbitrage all day long and the prices will be the same. Again, simple logic is your friend. Sometimes the spread is higher and there is a little arbitrage opportunity window (usually when one of the two exchanges flash crashes), but it doesn't last long, obviously. Wanted to update the previous thread with a few additional pieces of info, hope u don't mind. Please do not list argument only to support your claims. We all know very well prices on BTCe are lower cause they require almost no verification of any kind as opposed to Bitstamp which is quite detailed on this. As a result, black market BTCs re being dumped on BTCe constantly thus lowering the price and this is hole not easy to close. In addition, there are bunch of other exchanges which contribute to the market dept. In addition, BTC arbitrage is not only BTC to fiat. I personally do alts to alts arbitrage every day and most of days I end up making around 1%. U want another example, my last trade was Darkcoin, yesterday, the price difference between exchanges was well over 1%. Also, bunch of people use trading bots and some of them are quite profitable. All I am saying is that this might be possible, I have done it personally, not every day, but I have neither time not skill to do this full time. |
|
|
|
|
Current spread between Bitstamp and BTCe is $17. To put it differently, Bitstamp BTC price is 446 and BTCe is 429. That is almost 4%. This is comparison of only 2 BTC exchanges out of dozens online. After all this you say it is impossible to make 1% profit, well I have news for you, you are wrong big time. Whether they actually do arbitrage or not, I cant tell for sure, what I can tell is that I use them for months and have had no problems at all. I really hope they actually trade due to several reasons:
1) deposits are not unlimited, there is a cap on potential deposits. Which HYIP would do this and for what purpose?
2) there were days when profits were negative. Again, which HYIP would do this and for what purpose?
3) actual daily earnings are often lower then 1%, 0.4%, 0.5%. This is very uncommon in HYIPs, usually daily earnings are 3,4,5%, at least that is what I have seen.
4) they offer cloud mining service as well. Why all this BS and complication if this is just another HYIP.
5) They have been online almost 6.5 months without a single negative review or glitch. At least I cannot find anything online.
6) There are a few representatives visiting BTC conferences and their trips were sponsored by Bitcoin trader. Reports and photos are available on the website.
Having said this, I ll repeat the phrase I always says, when dealing with anything Bitcoin related, DO NOT INVEST anything you cannot afford to lose. The entire BTC economy is still very unsafe, if you like safety, put your money in the bank. For you personally, if you do not like this thread, there are bunch of others here, good luck and thank you for your comment, all this you have said has been repeated ten times in this thread.
|
|
|
|
|
Dude, you really need to take your head out of the sand. Is it legal in the USA, hahahahahaha?? You want to use a semi anonymous currency, regulated by noone and quite often used by smugglers and criminals and you ask whether an exchange is legal in your state. Pfffffhahaaha.
|
|
|
|
|
May 7, 2014 trading result:+1.12%
Two really nice days in a row.
|
|
|
|
|
What uncertainty about China? Chinese attitude towards BTC has been known for months and I really do not see how markets can react to anything else but China banning BTC which is not going to happen. The rest is pure speculation.
|
|
|
|
|
BTC arbitrage opportunities are still present, however, I have noticed the market is slowing down, I find less and less dept and less BTC being traded in general. I hope people just hold waiting for better price these days since we have been having this decline and stagnation for almost 5 months.
|
|
|
|
|
Yesterday the transaction volume dropped to the lowest number since 2011 with only 69,152 BTC traded. In comparison, during peak periods, the volume was between 350,000 and 450,000 BTC traded. What does this mean? Do people hold and wait for better price or is BTC simply losing momentum?
|
|
|
|
I just want to say I am really happy with Bitcoin-trader so far and have had absolutely no problems whatsoever. The payments have been on time every day, the communication with the admin has been spot on.
I am already coming up to making back 50% of my investment.
Yes there is ponzu schemes and HYIP's, but I firmly believe that BT is not one of them..
Nothing makes me happier then seeing my Bitcoin balance grow everyday and I look forward to doubling my money at the end of the term.
Everywhere we use Bitcoin at the moment is a huge risk, even using the exchanges, at least my risk is getting me around 25% a month profit which beats the 1-2% a month I used to make trading Forex and Futures.
Im not even going to leave my referral link to prove I am not just trying to make some money from this review...
Thanks Bitcoin trader so far, heres to the next few months.
It is good it is working out for you and I hope you get all your funds back too. The problem I have is with the 120 lock-in coupled with balances being maintained in US dollars. (Correct me if I'm wrong.) Say you put in 2 BTC, at $450 and it is converted to dollars and locked in. What if bitcoin has a major run during that 4 months and goes to $1800. You get back .5 BTC instead of the 2 BTC you put in. Just how good do the returns look then? My example is extreme, but if they are doing arbitrage why do they have to convert you bitcoin balance to fiat anyway. It just doesn't make sense to me. However bitcoin-trader.biz has been running for months and the BTC market has been favorable to them. USD part is true but it works both ways. What if you have invested when BTC was $1200 and get your profits out when BTC is low. At 1% per day, you would break even in BTC in under 40 business days. IMO, the best tactics is to transfer 80% of your profits in BTC and withdraw until you break even. |
|
|
|
|
May 6, 2014, another great trading day:+1.1%
I also received my withdrawal yesterday.
|
|
|
|
|
I am always open for discussion with people using facts and arguments why something works or does not work. He thinks this is a scam so this must be a scam. Why, well he lost some money playing HYIPs 10 years ago. That is really strong argument. At least we agree on something, we agree on BYE.
|
|
|
|
Please, do not insult my intelligence. Bitcoin trader generates full ROI in about 4 months. Currently they are 6+ months old which means bunch of people have already reached full ROI.
The few early investors makes a profit, if the admin allows to withdraw the hefty profit. That's the concept of a pyramid scheme, the late comers, usually masses are the one end up losing money. And Greed makes them keep investing and not withdraw allowing for longer lifespan on such scheme. Wait, wait, if one is able to reach full ROI in 4 months and after, for example 12 months, one still manages to lose money, even if this website goes down, that person is a total moron and should not be dealing with Bitcoin or any other investment at all. I believe this website will be here in 6 months, I hope I am not wrong. |
|
|
|
Ah, this is what I was waiting for. So sick of you doom theorists criticizing anything and everything and then offering your own link with not 1 but dozens of referraal links. Let us see what you recommend to savvy investors, a website where the first link recommends Rockwell Partners. This websites offers very nice ROI, about 3.5% PER DAY and this is not sarcasm. They do some kind of Forex trading and this legit, according to your recommendation. You really expect me to trust your judgement after recommending this kind of junk. Please, do not insult my intelligence.
I do question your intelligence when you don't understand sarcasm.. I do question yours as well, cause your main determinant of a scam if whether you think it is a scam or not. I guess you do not earn a lot online. |
|
|
|
In my thread, I have clearly stated a potential risk of investing into Bitcoin trader as well as investing into anything else Bitcoin related. I would really like to see any kind of proof for your theory about Bitcoin trader being a scam. Anything, anywhere, ever? Oh, right, u got burnt on some investment 10 years ago so everything else must be a scam.
The burden of proof lies on the one making illusory promises. Heck Madoff was giving only 0.83% per Month. 1%-3% per day program has a typical lifespan of 6-12 months before it disappears. The pyramidal investment scheme stays the same whether its recent one or 10 yrs old. A scammer never changes a wining recipe  Let me suggest to all savvy ivestors here some No risk/Guarantee profit sarcasm offers yielding much higher returns (4-5% daily) than bitcoin-trader: http://www.hyips.com/There are hundred of such schemes out there, awaiting your money. Good luck Please, do not insult my intelligence. Bitcoin trader generates full ROI in about 4 months. Currently they are 6+ months old which means bunch of people have already reached full ROI. |
|
|
|
|
In my thread, I have clearly stated a potential risk of investing into Bitcoin trader as well as investing into anything else Bitcoin related. I would really like to see any kind of proof for your theory about Bitcoin trader being a scam. Anything, anywhere, ever? Oh, right, u got burnt on some investment 10 years ago so everything else must be a scam.
|
|
|
|
|
So why do you use HYIPs? You say you have a long history with HYIPs and they are thieves, why do you play with thieves?
|
|
|
|
Requested another small test withdrawal, will report once it goes through.
Small test withdrawals don't faze HYIPs or ponzis. In fact they thrive upon confirmation of small withdrawals as it builds confidence in their scheme. If you want to do a serious test have several people do a full withdrawal. They have couple thousands accounts, I think about 4k. How do you suggest I coordinate that and why would I do that. If you do have some other risk free profitable investment, please let me know immediately. |
|
|
|
|
I repeat, do not consider arbitrage as BTC to fiat trade only. This is only maybe 5% of my current trading activities. With BTC to alts and alts to alts, costs are minimal and turnover time is just a couple of minutes. Regarding Bitcoin trader, well, I am about to reach full ROI in less then 2 months, I ll let you know how it went.
|
|
|
|
|
Show Posts
