Nifty way to put your coin to work.

[digitokash]

Hi,
I would like to share a strategy that I used to make a lot on "coin" last year.
It involves using a two websites together, to make profit. (Paxful or localbitcoin, and purse.io)

Simply:

Purchase Bitcoin
Trade it for Amazon
Go to Purse.io exchange amazon back to bitcoin
Repeat, repeat,repeat

Its not a "super special secret" as these sites as have been around for a while now.

Hopefully someone who reads this will learn something new and make some money. Smiley

I recently wrote about this on my site. http://www.digitokash.com/purchase-bitcoin-double-your-money/
Its a really new site,I plan an updating it regularly .

Thanks for letting me be a part of this forum.

-Be Great Smiley

**Update**
sorry I did not go into detail before

When you trade bitcoin on paxful or local you can make anywhere from %30-%100

Example:

-Im exaggerating a little but follow me

Step:1
 Trade $50 worth of coin. for $100 worth or amazon.

Step:2
Take $100 amazon and go to pusre.io click "earn btc"
now trade amazon back into btc for PROFIT.
*yes you will lose say %15 purse because has to make money*

In this example you make ~$35.00 profit
$50 in bitcoin > $100 in amazon> $85 back in bitcoin

Full Story Read HERE

[HabBear]

Why is this a good strategy?

Is it because you can make the transactions faster to get in the buy, sell, buy cycle?

Is it because the BTC > Amazon trade gets you more value on the Amazon side, which isn't reciprocated on the return trip to BTC?


Just asking questions here, I'm not even sure what you mean when you say "Trade it for Amazon"...what does that mean?

[South Park]

Why is this a good strategy?

Is it because you can make the transactions faster to get in the buy, sell, buy cycle?

Is it because the BTC > Amazon trade gets you more value on the Amazon side, which isn't reciprocated on the return trip to BTC?


Just asking questions here, I'm not even sure what you mean when you say "Trade it for Amazon"...what does that mean?

I’m also confused by this especially since he says he is using purse.io, I was under the impression the discounts you get by buying stuff from amazon through purse.io came from the fact the holders of amazon gift cards were willing to take a lose on the value of the gift cards in order to get bitcoin.

[cengsuwuei]

youre tutorial is work and save or not
in transaction sell and buy amazon giftcard or transaction bitcoin in amazon or purse.io save or not
use escrow every transaction or direct transaction member to member

[digitokash]

Its good to make money... (sorry I did not go into detail )

When you trade bitcoin on paxful or local you can make anywhere from %30-%100

Example:

-Im exaggerating a little but follow me

Step:1
 Trade $50 worth of coin. for $100 worth or amazon.

Step:2
Take $100 amazon and go to pusre.io click "earn btc"
now trade amazon back into btc for PROFIT.
*yes you will lose say %15 purse because has to make money*

In this example you make ~$35.00 profit
$50 in bitcoin > $100 in amazon> $85 btc

Please read Full story Here

[Yakamoto]

It seems like an ok idea, thought about using this before but I don't know if it would really be worth my time to do something like this.

There's probably some value to get out of this, but I've never really taken the time to figure out what I would be needing to do to make something like this work.

Maybe I'll look into it.

[Shiroslullaby]

Where are you trading $50 worth of Bitcoin for $100 worth of Amazon gift cards?
I would be suspicious of anyone offering me that deal. There is always the possibility that it was purchased with a stolen credit card, etc.
You have a source to make these trades that is 100% legitimate?

[digitokash]

I used that as an example, rates vary. Those numbers come directly from paxful.

Yes Scammers are there, but u can take steps to avoid them.
(have trader write on receipt next to card etc. )
paxful has its own forum. great place to get info.

Paxful has lots of different ways to trade:

 paypal,visa,amazon etc.etc
there is plenty of money to be made...

hope Ive helped.

thanks

[CraigWrightBTC]

I used that as an example, rates vary. Those numbers come directly from paxful.

Yes Scammers are there, but u can take steps to avoid them.
(have trader write on receipt next to card etc. )
paxful has its own forum. great place to get info.

Paxful has lots of different ways to trade:

 paypal,visa,amazon etc.etc
there is plenty of money to be made...

hope Ive helped.

thanks

Yes it is new ways to looking for profit (it is include exchange business) except trading bitcoin or altcoins on markets
and the risk of this ways is getting scam on there but it is normal there are no free risk on every business activity.
Of course You have helped to other people who doesn't know taking profits with different ways to looking for profit