Bitcoin Forum
December 10, 2019, 01:30:19 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: How to make money arbitraging: bitcoin gold & purse io  (Read 1578 times)
smithd98@gmail.com
Newbie
*
Offline Offline

Activity: 26
Merit: 0


View Profile WWW
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
1575984619
Hero Member
*
Offline Offline

Posts: 1575984619

View Profile Personal Message (Offline)

Ignore
1575984619
Reply with quote  #2

1575984619
Report to moderator
1575984619
Hero Member
*
Offline Offline

Posts: 1575984619

View Profile Personal Message (Offline)

Ignore
1575984619
Reply with quote  #2

1575984619
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1575984619
Hero Member
*
Offline Offline

Posts: 1575984619

View Profile Personal Message (Offline)

Ignore
1575984619
Reply with quote  #2

1575984619
Report to moderator
1575984619
Hero Member
*
Offline Offline

Posts: 1575984619

View Profile Personal Message (Offline)

Ignore
1575984619
Reply with quote  #2

1575984619
Report to moderator
eneilwex
Sr. Member
****
Offline Offline

Activity: 323
Merit: 250


View Profile WWW
September 08, 2015, 01:29:25 PM
 #2

So share, what is stopping you now?
smithd98@gmail.com
Newbie
*
Offline Offline

Activity: 26
Merit: 0


View Profile WWW
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
Legendary
*
Offline Offline

Activity: 2702
Merit: 1442



View Profile
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 at a discount with bitcoins or convert Amazon points to bitcoins: Purse.io
Join an anti-signature campaign: Click ignore on the members of signature campaigns.
eneilwex
Sr. Member
****
Offline Offline

Activity: 323
Merit: 250


View Profile WWW
September 08, 2015, 05:02:58 PM
 #5


Okay, thanks bud. hope it works for real.
Blawpaw
Legendary
*
Offline Offline

Activity: 1218
Merit: 1000


★777Coin.com★ Fun BTC Casino!


View Profile
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.

mookid
Sr. Member
****
Offline Offline

Activity: 446
Merit: 250



View Profile WWW
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
Newbie
*
Offline Offline

Activity: 26
Merit: 0


View Profile WWW
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!
maokoto
Hero Member
*****
Offline Offline

Activity: 770
Merit: 500


✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪


View Profile WWW
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.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!