Bitcoin arbitrage method (6%)

[bigasic]

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.

[Harley997]

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 

[jonsi]

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).

[ShakyhandsBTCer]

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. 

[jonsi]

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.

[ShakyhandsBTCer]

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.

[DannyElfman]

This is almost certainly a scam. There is no such thing as a guaranteed, risk free return on your investment.