Hello fellow entrepreneurs, What I am offering is advice on how to maximize the amount of Bitcoin you own and are currently holding in your wallets whether you bought or mined it!
Arbitrage, this is basically a risk free way to profit on the market imperfections through simultaneously buying and selling on different markets. Within the Bitcoin world, each exchange has a different price level, thus creating an opportunity. There are many reasons for these differences, however we are not interested in why, but how to exploit this. For more info on arbitrage refer to:
http://www.investopedia.com/terms/a/arbitrage.aspA vast majority of information online about Bitcoin arbitrage uses Mt. Gox. This is because of the significantly higher price that the exchange had a couple of weeks ago. This was due to the illiquid nature of the exchange, and the fact that it as difficult to withdraw from the exchange.
Now, Mt. Gox has various problems I am sure you are aware of, many people think that the arbitrage opportunity has disappeared however they are WRONG!
Recently I have averaged around a 2% daily return (after accounting for all fees). It is important to note that this is also compounded interest and it really adds up!
I hope that Mt. Gox doesn't stop you taking advantage of the imperfections within the Bitcoin exchanges. If you are interested in learning more please visit my blog:
http://easybitcoinarbitrage.blogspot.co.uk/2014/02/bitcoin-arbitrage.htmlOr send me any questions I am happy to help!!!