How i made $400 in less than two hours

[Biochemical]

I had 3 successful transactions until now. Cheers

[Blawpaw]

Good tip! Your strategy is basically an arbitrage trading method. This allows for easy profits but demands a lot of investment a some risk. You just got lucky and made about 11% of your investment in 2 hours

[zimmorto]

I can't open the OP mentioned bitcoin to paypal exchange. Seems fishy to me. Many day traders are utilizing the arbitrage options between coins and virtual currencies to mint profits daily. Making $400 in few hours in trading is quite easily possible if you can read the charts right.

[Blawpaw]

I can't open the OP mentioned bitcoin to paypal exchange. Seems fishy to me. Many day traders are utilizing the arbitrage options between coins and virtual currencies to mint profits daily. Making $400 in few hours in trading is quite easily possible if you can read the charts right.

Yeah, kinda look like pretty fishy to me as well. I visited the site and also had the same impression. And judging by the negative trust on theguy It might be that if you send your bitcoins to them you might not see them again.

[digitalcoinbuyer]

The contact page looks fishy also.  They formatted the address in a funny way that no one I've seen in the US does.  The name LTD I don't think you can register an LTD in New Mexico, I believe it's an LLC or Corp state.

[Patatas]

I had 3 successful transactions until now. Cheers

Do you mind posting the TXID's of all the three transactions to see how legit they were? The website is obviously a cheap clone and probably proved in the previous comments.Not sure if its the post count or relation with the clone made up post a positive review about it.

P.S.TXID still appreciated.

[Anddos]

I read what happened so far here, but I'm interested: what's the point of this thread? Advertising? Or just to brag/show people what you did? I mean, really - what's it for? No offense.

[Biochemical]

I had 3 successful transactions until now. Cheers

Do you mind posting the TXID's of all the three transactions to see how legit they were? The website is obviously a cheap clone and probably proved in the previous comments.Not sure if its the post count or relation with the clone made up post a positive review about it.

P.S.TXID still appreciated.

I don't mind posting the TXIDs

5f6b8d4b2b9260fa23c61d026794e94871d881b3b51e7aba5b940f70453e4afd
ed12337fb6613ae944cabebbe5f4d651ac0cead173a6b0651e8c5d636330a2d1
5f6b8d4b2b9260fa23c61d026794e94871d881b3b51e7aba5b940f70453e4afd

[odolvlobo]

watch out with this site, it was created less than 3 weeks ago, any money you receive from it can be reversed weeks even months from now in the future.
looks very suspicious    

Code:

Domain Name: SATELEXCHANGE.COM 
...
Registrant Name: BTC TO MONEY 
Registrant Organization: 
Registrant Street: 682 E MOUNTAIN AVE 
Registrant City: LAS CRUCES 
Registrant State/Province: NM 
Registrant Postal Code: 88001 
Registrant Country: US 
Registrant Phone: +1.5756461504 
Registrant Phone Ext: 
Registrant Fax: 
Registrant Fax Ext: 
Registrant Email: BITCOIN2MONEY@HOTMAIL.COM 
...

100% scam

This guy (as well as Biochemical and tonny.jr) is Gemminyc. Look at the Registrant. It's the same registrant as btcto.money, which has turned out to be a scam. Check this thread: https://bitcointalk.org/index.php?topic=1294441.0

[btc_expert2016]

Seems great method! I will give a try.

Thanks!

[btc-mike]

Problems with your claim:

1. New, untrusted exchange.

2. PayPal is reversible.

3. They are paying MORE than standard exchange rate. The only way they can afford to do this is if the funds are tainted. They could be from stolen PayPal accounts or the funds were added to PayPal from stolen credit cards (carders).


-edited for grammar

[calkob]

even if this is true, you got lucky so what if the market had moved against you would have lost money........

[sase007]

I bought 11 BTC from coinbase [at $430 each] and i sold them at satelexchange [at $466 each].
The total profit i got is $400 and i managed to do this in less than 2 hours!


My first step was to buy BTC with USD [from https://www.coinbase.com if you are able to, or somewhere where the price is similar to $429].

My second step was to sell those same BTC for paypal USD [at https://www.satelexchange.com].



So basically you can buy 1 BTC for $429 and sell it for $466. The profit is around $37 per BTC.

Not Recommended!

Even in two hours, the Bitcoin price can fluctuate a lot.
It could fall by several dollars very quickly (Unless they have fixed daily prices and not live daily prices).

[EthanB]

OP is clearly affiliated with the exchange mentioned and I would advise everybody to stay away from this site. It's making $0.15 a day, with a total worth of $9; if you truly believe OP is making $400 at the drop of a hat from a website not even worth 5% of that then you are foolish.

Please stop spamming, lying and providing fabricated "proof".

watch out with this site, it was created less than 3 weeks ago, any money you receive from it can be reversed weeks even months from now in the future.
looks very suspicious    

Code:

Domain Name: SATELEXCHANGE.COM 
...
Registrant Name: BTC TO MONEY 
Registrant Organization: 
Registrant Street: 682 E MOUNTAIN AVE 
Registrant City: LAS CRUCES 
Registrant State/Province: NM 
Registrant Postal Code: 88001 
Registrant Country: US 
Registrant Phone: +1.5756461504 
Registrant Phone Ext: 
Registrant Fax: 
Registrant Fax Ext: 
Registrant Email: BITCOIN2MONEY@HOTMAIL.COM 
...

100% scam

This guy (as well as Biochemical and tonny.jr) is Gemminyc. Look at the Registrant. It's the same registrant as btcto.money, which has turned out to be a scam. Check this thread: https://bitcointalk.org/index.php?topic=1294441.0

Thanks for providing some more proof.

[zeaderza]

You were lucky.
What you did is not an investment.
If you wait a few days could have a big loss.

[LuckyYOU]

You were lucky.
What you did is not an investment.
If you wait a few days could have a big loss.

This is far from safe indeed. I would not reckon to participate with OP
It's shady and wrong.

[maokoto]

It is nice to be informed for those who take the risk to try. But be assured there is a high risk. Just think he can just make the first some transfers ok in order to make people trust him. Then, when transfers increase in volume he can just keep the btc without sending the paypal.

[DuddlyDoRight]

Thanks for telling us that if you sale something for more than you pay for it you make money..

My Ninja Skills: If you did this with $20.00 you'd make $1.60 not counting loss from transaction fees and deposit fees etc.. I was doing this with euros and dollars at airports twenty years ago..

[crazyivan]

Big time fishy proposal. Even if true, why would anyone disclose this and saturate the method???

Something s wrong here.

[Undermood]

It is nice to be informed for those who take the risk to try. But be assured there is a high risk. Just think he can just make the first some transfers ok in order to make people trust him. Then, when transfers increase in volume he can just keep the btc without sending the paypal.

actually he can act to be legit in 60 days and pay out the corresponding amount of paypal dollar. Before the deadlin of 60 days, he could stop operation, reverse all of the paypal payment. A big profits! But he failed now.