Looking for a Chinese partner to arbitrage with

[btcbvi]

Hi all, I'm US based and I'm looking for someone with a BTCCHINA account that would be interested in arbitraging with me.

I would be willing to fly out to China to meet in person and go over all the details and figure out a way to make sure the whole process is safe and secure for both of us.

If anyone is interested in talking about this please let me know.

Thank you!

[p2pbucks]

automatically arbitrage Or manually ?  Are you a programer? More details plz

[Gufeng]

估计是黑客,新账号联系有用意

[btcbvi]

automatically arbitrage Or manually ?  Are you a programer? More details plz

Manually for now, looking to trade a couple hours a day and send transfers once a day, or every other day. Ideally looking for a 50/50 partner, but would be willing to pay transactions fees instead. I'm also learning to use API so in the future we can definitely try to automate more.

[btcbvi]

估计是黑客,新账号联系有用意

Not a hacker, just looking to make some money arbing between btcchina and US exchanges. Need a partner located in China to work with. Great opportunities for profits right now.

[keatonatron]

Remember how BTC-E has always had low prices? There's a reason for that: hard to get money in.

And you know how now BTCCHINA has really high prices? There's a reason for that, too: hard to get money out.

If it was easy to do, people would already be doing it and we wouldn't see as large a gap as we do. China is a Communist country, and they have a strong hold on their currency. Just doing some quick Googling, Chinese residents can only send $50,000 per year overseas.

So, let's say you put up $45,000 to buy 150 coins. Send them to China, sell for $340 each, split the $6,000 profit with your Chinese partner, and have them wire back $48,000 (while also possibly paying taxes and bank fees, etc).

Oh, and don't forget to add in your trip to China 

So you might make $3,000 for the year. You could exceed the limit by having your Chinese contact's friends and relatives send you transfers in their names, but it seems like that would require even more trust.  And if the price of bitcoins goes way up and the price difference stays the same, you'll hit your limit earlier and make less profit.

It's a nice idea in theory, but I don't think it will pan out as well as it looks. Please let us know if you do try it, though! 

[sdxl]

寻找一个中国合作伙伴，套利

[sdxl]

大家好，我是我们的基础，我想找一个btcchina帐户将套利与我感兴趣。



我愿意飞到中国来满足人和过去的所有细节，想出一个办法来确保整个过程的安全对我们两个。



如果有人在谈论这个问题感兴趣，请让我知道。



谢谢！

[wywoc]

我有兴趣，问题是怎么转人民币？

[btcbvi]

Remember how BTC-E has always had low prices? There's a reason for that: hard to get money in.

And you know how now BTCCHINA has really high prices? There's a reason for that, too: hard to get money out.

If it was easy to do, people would already be doing it and we wouldn't see as large a gap as we do. China is a Communist country, and they have a strong hold on their currency. Just doing some quick Googling, Chinese residents can only send $50,000 per year overseas.

So, let's say you put up $45,000 to buy 150 coins. Send them to China, sell for $340 each, split the $6,000 profit with your Chinese partner, and have them wire back $48,000 (while also possibly paying taxes and bank fees, etc).

Oh, and don't forget to add in your trip to China 

So you might make $3,000 for the year. You could exceed the limit by having your Chinese contact's friends and relatives send you transfers in their names, but it seems like that would require even more trust.  And if the price of bitcoins goes way up and the price difference stays the same, you'll hit your limit earlier and make less profit.

It's a nice idea in theory, but I don't think it will pan out as well as it looks. Please let us know if you do try it, though! 

Thank you, I was not aware of the oversea limit of $50k! If anyone knows a way around this.. let's talk. I can think of a couple..

[zy02264]

PM sent. Arbitraging opportunity is right there. But as keatonatron pointed out, the real pain would be the 50K limit. Anyway, pls let me know if you know any way to get around it.

[longbin888]

I have a way, my mailbox jianlongbin888@gmail.com

[aspiring]

Currently conducting AUD -> BTC -> CNY arbitrage via our managed fund (http://bitcoinsreserve.com/)

Looking for partner to conduct USD -> BTC -> CNY.

PM me to explore this further.

[2dogs]

Currently conducting AUD -> BTC -> CNY arbitrage via our managed fund (http://bitcoinsreserve.com/)

Looking for partner to conduct USD -> BTC -> CNY.

PM me to explore this further.

Link not working?

Interested in  AUD -> BTC -> CNY arbitrage but nothing is there.

[visionary]

you best use btc to china，and then use btc to go back to us……

[mljandrew]

这意思是不是，从btc-e上以低价买入，然后在btcc上以高价卖出？

[littlex]

这意思是不是，从btc-e上以低价买入，然后在btcc上以高价卖出？

Yes, that's right.

[Libin]

Hi all, I'm US based and I'm looking for someone with a BTCCHINA account that would be interested in arbitraging with me.

I would be willing to fly out to China to meet in person and go over all the details and figure out a way to make sure the whole process is safe and secure for both of us.

If anyone is interested in talking about this please let me know.

Thank you!

btcbvi, i'm wonderig if you have a plan? how much do you plan to invest?

[2dogs]

Hmmmkay,

  "invest" with someone in China you met over the internet....

Is this for real?

[mkbit88]

figure out a way to make sure the whole process is safe and

as an expat living in china, I can tell ya right now:

lol yeah there is no way to do that