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Author Topic: How to make money arbitraging: bitcoin gold & purse io  (Read 1651 times)
smithd98@gmail.com (OP)
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September 08, 2015, 01:27:26 PM
Last edit: September 08, 2015, 02:42:19 PM by smithd98@gmail.com
 #1

I've found a way to make 9% selling gold bought through Purse.io.

It took me about 5 months to figure it out and I want to share it with the community.

I think there are a lot of opportunities for arb through Purse.

Let me know what questions or thoughts you have by replying to this thread.

Here is the link again: http://www.bitcoinbulls.net/how-to-make-money-arbitraging-bitcoin-amazon-gold/

--dave
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eneilwex
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September 08, 2015, 01:29:25 PM
 #2

So share, what is stopping you now?
smithd98@gmail.com (OP)
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September 08, 2015, 02:41:47 PM
 #3

Sorry, the link was in the post.

http://www.bitcoinbulls.net/how-to-make-money-arbitraging-bitcoin-amazon-gold/
odolvlobo
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September 08, 2015, 04:52:09 PM
 #4

I've found a way to make 9% selling gold bought through Purse.io.

TL;DR

Step 1. Buy gold with a 20% markup on Amazon through Purse at a 30% discount.
Step 2. Sell the gold at a local shop at spot price.
Step 3. Buy more BTC, keeping the 10% difference as profit.
Repeat.

Buy stuff on Amazon with BTC or convert Amazon points to BTC here: Purse.io
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eneilwex
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September 08, 2015, 05:02:58 PM
 #5


Okay, thanks bud. hope it works for real.
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September 09, 2015, 03:59:37 PM
 #6

Great Tutorial!
It seems to me like pretty good technique. I guess I got to give it a try!

I just don't understand if you buy the gold coins and then wait to receive them by mail to sell them at a local shop.

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September 09, 2015, 05:46:53 PM
 #7

Yeah, good find. Although it may become hard to get the good discounts on Purse.io to make more room to profit.
Arbitrage its a low risk investment, also, you would need to be in a place where you can receive and send the coins you just bought.
smithd98@gmail.com (OP)
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October 14, 2015, 04:57:37 PM
 #8

Yes Blawpaw you buy them and wait to receive them by mail and then sell them at a local shop.

Sorry about the confusion!
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October 15, 2015, 02:12:57 PM
 #9

Thanks for sharing it and congratulations for finding this.

It would be hard to find gold offers though. And will become more difficult now that people know about it IMO.

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