bitcoinconnection (OP)
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June 30, 2011, 10:25:57 PM
Last edit: June 30, 2011, 11:56:32 PM by bitcoinconnection |
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The play is between Bitcoin7 and TradeHill or MTGox. Bitcoin7 volume is low which means you can not buy cheap BTCs all at one time. So, the new strategy is to accumulate BTCs from Bitcoin7 over a few days between 14.5 and 15. Now follow the procedures below.  |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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BitVapes
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BitVapes.com
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June 30, 2011, 10:29:33 PM |
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you sure you didn't choose Tradehill and Bitcoin7 because they offer referral links?
anyway, nice graphic to explain to noobs how to arb
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angelo95
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June 30, 2011, 10:37:06 PM |
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Referral links should be forbidden on this forum. This makes the advises totally unreliable.
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k
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June 30, 2011, 10:45:31 PM |
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I made this google doc to show the best exchange for buying or selling bitcoins (priced in USD)  link in my sig. |
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angelo95
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June 30, 2011, 10:49:38 PM |
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Thanks to both of you for sharing this.
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bitsalame
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Preaching the gospel of Satoshi
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June 30, 2011, 10:55:51 PM |
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Referral links should be forbidden on this forum. This makes the advises totally unreliable.
That is why God gave you brains. Analyze the information and ponder later. edit: Btw, I was already doing it and I don't think that exposing this publicly will be any good for us. |
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qualia8
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June 30, 2011, 11:19:12 PM |
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It's not arbitrage if you have to hold onto the funds for any length of time. You're projecting that B7 will remain lower than TH in the time you hold.
What about this scenario? You buy BTC at B7. Prices drop at both exchanges and TH drops more.
You're assuming that isn't going to happen, and the risk that it will happen is a counterbalance to your "arbitrage" profits.
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bitcoinconnection (OP)
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June 30, 2011, 11:41:18 PM |
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I only base this on the $2-3 price spread between B7 and TH over the pass 4 days. Following the model above, at point you will have an arbitrage condition. The first series of trades at B7 act as a leverage to the final trade. This is because of the low volume of B7.
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Wildvest
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June 30, 2011, 11:44:23 PM |
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bitcoinconnection (OP)
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July 01, 2011, 12:08:47 AM |
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Tasty Champa
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July 01, 2011, 12:24:51 AM |
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Hey guys, I got a new strategy, I invented it myself!!! It's called Arbitrage, like it? Sounds fuckin cooool right, kind of like Armitage from neuromancer, but I replaced the M with a B and added an R cuz cuz the tage sounded gay without the ARRRRRRRRRRR! It's like some totally NEW SHIT I never even knew existed, so I invented dat shit yo. It was ME!! -what most of us are really thinking: "...dicks! The fuck!  ??" |
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PatrickHarnett
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July 02, 2011, 12:52:37 AM |
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sure, buy low, sell higher, transfer repeat.
Those of us quietly doing that don't need all of the margins squeezed out of all the markets by people shouting about it - that would be no fun.
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rizzn
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July 03, 2011, 09:41:01 PM |
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Thanks to trade fees, and no fee trading on MTgox, margins are pretty much already gone.
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