Yes, it reduces your current balance. But as you can see, the average monthly results are about +25%.
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Just sharing... 1. Find trading web with chat room but <100 peoples with low volume and no trade fees 2. Check the price, do fast buy let say 1% volume 3. Go to chat and trolling around for 1 hour (play good people, give good news, persuade to buy more etc...) and use different ID if you want 4. Step 2-3 for 3-5 times 5. Sell it back In 3-5 hours I get about : 80% I get 5% 10% I get up to 20% << Sometimes people just buy what ever the price as long its the lowest 10% lost to 5% So if I did with 100 BTC, I get : Profit = 4 BTC + 0.5 BTC (Consider you got bad luck) - 0.5 BTC = 4 BTC Thanks Sneaky.
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I guess I was wrong, March 27 Bitcoin trader result: -0.36% Well, after several good days, today we have faced a small loss.
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There was a significant gap between BTCe and Bitstamp today, due to this Chine-related volatility. Unfortunately, I had no fiat available to purchase so I did not sell.
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Has anyone found any altcoin arbitrage opportunities and if yes, where and what is the result?
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Once this downturn is over, there will be even more gaps and volatility as prices start going up. Lots of arbitrage opportunities in front of us.
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I expect at least 2% ROI today due to this volatility.
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Yap, I was right, huge gap between BTCe and Bitstamp created.
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I put in 3 BTC.
You have some balls mate- that or a lot of btc lying around Balls... Balls of steel. I mean I m in also but I would not put anything above 1 BTC until they are around for at least 6 months.
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This China-related instability is going to create a lot of arbitrage opportunities.
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Well this looks nice but the main problem is that none of these new algorithms has got at one place GPU mining settings. I have 5 different models of cards in my rigs, Asus 280x, Asus 270x, Sapphire 7970, Sapphire 280x Dual X and Gigabyte 280x. Setting up each of these rigs separately and tuning them up for X11, scrpyt N, scrpyt J etc. is the main reason why I have not tried any of these. Do you plan any kind of help regarding this issue?
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Ok thanks im just trying to compare the earnings between arbitrage trading and cloudmining and decide where to invest first and earn more to reinvest the income. Thanks again for the infos
Well that is quite simple. There is no cloud mining service that I know of which provides any kind of meaningful return on your investment. I know this since I did exactly the same analysis before I made my arbitrage investment. Renting 100 GH/S will get you about 0.95 BTC for the next 12 months, under assumption that mining difficulty increases 40% per month, which is the average for the last 6 months. You will pay 100 GH/S between 1-1.5 BTC to rent it, so you are loosing money and you have to wait for a year to get at least part of your BTC back. Here is the calculator so you you can check it out yourself. https://cex.io/calcOn the other hand, Bitcoin arbitrage brings you about 25% return on your investment per month, according to the last couple of months average. This means you will reach your full return on investment in 4 months and you still can withdraw your principal if your like. In case of cloud hashing, once you rent your hash, your principal is lost, you do not get it back. The risk exists in both of these ventures, but that decision is up to you.
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Well, this is just another proof to something we already know. Mark Karpeles is a thief.
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Hi guys I'm new to bit coin . Could I ask what Setup would I need to get 1bitcoin a month ? Also is it guranteed ? Thanks
You seriously need to do some reading first....
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Your best bet for scrypt is to buy Gridseed ASIC or simply to buy coins. Regarding Bitcoin, there is nothing profitable which you might get.
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Look at this scenario:
In a couple of months, scrypt ASIC will be in the market in large numbers. Not talking about Gridseed but KNC and others, machines with lots of hash. Similarly to what happened with BTC ASIC, scrypt ASIC manufacturers are going to use their machines to mine by themselves for a couple of months prior to delivering those to their clients. I can bet they are going to start dumping scrypt coins and exchanging them for fiat and BTC thus distorting the market. On one hand, this might favor BTC since it would create additional demand for out favorite coin. On the other hand, it might completely crush alt coin markets due to this large scale dumping I expect. What are your thoughts about this? Should we expect more instability and price volatility in the future in the crypto world or not?
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Well, what if they intentionally created this whole story about coins being stolen. They sell coins just before they went down, BTC price crashed, they buy back their coins at lower price and then say everything is fine, we found the coins. Result, ENORMOUS PROFIT. Mastermind scam.
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March 26, 2014 trading results: BTC-arbs: +1.11%Bitcoin trader: +1.26%Total for the day: 2.36% What a good day, 3 smileys for today.
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