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Author Topic: [Wed Morning (April 24th)] Make extra money with your LTC right now!  (Read 1031 times)
Bit_Happy
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April 24, 2013, 05:50:55 AM
 #1

This post will make you easy, fun profits.
If you like it/do it, then a tip is requested.

Promise to send a tip, or stop reading now, thank you.
LTC:
LYKZ1pYEfw1nJzAGTy3CmqF5J9RtaFfaFE
BTC:
1PTQtNo5Xe8i1G7FENBnDMHaDZwqAuT9Z4
  • Remember, I'm helping a family member with medical bills, commit to a generous tip or stop reading.

The advice is based on current market conditions, and needs to be done soon, or double-checked before taking action.

1) Send a good number of LTC to your account at btc-e.com.  (This involves some risk, but they have huge volume, many happy customers, and amazing low commissions)
2) Convert LTC to BTC using this market (sell LTC/ Buy BTC)
3a) Send the BTC to MtGox ASAP (BTC is currently almost $16 less at btc-e than Gox)
3b) The extra fee for sending out is only ~$1.38 for up to 500BTC  (total = less than $1.50 NOT per coin, but that's the total for all)
3c) You make more than enough to cover the fee.
4a) Sell your BTC for big buck at Gox
4b) Optional: Buy back some over the weekend, and send to btc-e, to get your LTC back, and a great profit  Smiley


Please comment, is there any reason why this is not a great idea?*
*Other than market risk (ie. No big sell off this weekend, etc  / You are still getting a great price!

Enjoy,
Thank you for the tips.

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jdebunt
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April 24, 2013, 05:53:25 AM
 #2

interesting strategy Smiley
hdclover
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April 24, 2013, 08:08:56 AM
 #3

4b) Optional: Buy back some over the weekend, and send to btc-e, to get your LTC back, and a great profit  Smiley

its now $145 on gox , weekend will pretty much around $200  Huh

Blah blah
add1ct3dd
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April 24, 2013, 08:18:20 AM
 #4

Doesn't it take a while for BTC-E->MtGox transfer to actually happen though?
ooeygooeygold
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April 24, 2013, 11:37:53 AM
 #5

Doesn't it take a while for BTC-E->MtGox transfer to actually happen though?
yes always takes forever
Joe_Bauers
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April 24, 2013, 12:45:19 PM
 #6

http://en.wikipedia.org/wiki/Arbitrage
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April 24, 2013, 12:56:09 PM
 #7

op discovered arbitrage, congratz. it's basically what 99% of traders are doing already
the fact that op has >1k posts is hilarious Cheesy
the fact that he wants tips for this "new secret strategy", even more so   Grin
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April 24, 2013, 01:14:13 PM
 #8

Seriously, I LOL'd.  Cheesy

WTF does this even have to do with LTC?  Embarrassed


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anderl
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April 24, 2013, 01:19:26 PM
 #9


exactly!  There are huge arbitrage opportunities between currencies, cryptocoins, markets, pools, etc.  Anyone that is pounding the table for 1 or a few coins is an idiot as there is more money to be made by identifying these opportunities and jumping on them before anyone else.
tex83rb
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April 24, 2013, 01:57:42 PM
 #10

Doesn't it take a while for BTC-E->MtGox transfer to actually happen though?

1 hour generally


 
 
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Praxis
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April 24, 2013, 02:09:10 PM
 #11

This post will make you easy, fun profits.
If you like it/do it, then a tip is requested.

Promise to send a tip, or stop reading now, thank you.
LTC:
LYKZ1pYEfw1nJzAGTy3CmqF5J9RtaFfaFE
BTC:
1PTQtNo5Xe8i1G7FENBnDMHaDZwqAuT9Z4
  • Remember, I'm helping a family member with medical bills, commit to a generous tip or stop reading.

The advice is based on current market conditions, and needs to be done soon, or double-checked before taking action.

1) Send a good number of LTC to your account at btc-e.com.  (This involves some risk, but they have huge volume, many happy customers, and amazing low commissions)
2) Convert LTC to BTC using this market (sell LTC/ Buy BTC)
3a) Send the BTC to MtGox ASAP (BTC is currently almost $16 less at btc-e than Gox)
3b) The extra fee for sending out is only ~$1.38 for up to 500BTC  (total = less than $1.50 NOT per coin, but that's the total for all)
3c) You make more than enough to cover the fee.
4a) Sell your BTC for big buck at Gox
4b) Optional: Buy back some over the weekend, and send to btc-e, to get your LTC back, and a great profit  Smiley


Please comment, is there any reason why this is not a great idea?*
*Other than market risk (ie. No big sell off this weekend, etc  / You are still getting a great price!

Enjoy,
Thank you for the tips.



I will lose all my LTC this way. I think my LTC will be worth $10 a piece when they hit MtGox. So why not wait until then to sell?
4b) is dubious. what if BTC doesn't fall down? How will you buy back your LTC? You will fall off the LTC wagon
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April 24, 2013, 03:00:03 PM
 #12

What?  No facepalm in this thread yet???

Bit_happy... show us how to quickly and repeatedly shuffle $10k+ USD from Gox to BTC-E and the tips will follow.
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