Trader made 89% profit in minutes. Have anyone experienced it..?

[romero121]

This trader has made a profit of $40000, with the capital investment of $45000. This too is achieved using the stablecoins USDT and USDC. In between the trader has borrowed $40500 and with the swapping between exchanges has netted the profit of $40000 after paying a transaction fees of $2000. In simple the process involved in the trade is being depicted in a flowchart.

Source : coindesk

[DoubleEdgeEX]

Just finished reading the Coindesk article. Truly remarkable what that person did, as also pointed out in the article itself "Not bad for a few minutes of work. But just imagine how long it took for someone to figure this out."

And I think the second sentence is the key, it seems that this person was the first that did it to that extend with this setup. Truly something fantastically planed and executed, certainly with the necessary knowledge and financial background in case something goes wrong. Also, if you are a small investor and just trade around 10-20K or as most newbies do even lower then you aren´t even able to put of such a stunt financially as well as mentally. My experience is, if you aren´t used to big number they scare you and having 45K and taking a 405K loan is something not everybody would dare. Looking forward if they close that gap or if more people jumpt that bandwagon

[Juggy777]

This trader has made a profit of $40000, with the capital investment of $45000. This too is achieved using the stablecoins USDT and USDC. In between the trader has borrowed $40500 and with the swapping between exchanges has netted the profit of $40000 after paying a transaction fees of $2000. In simple the process involved in the trade is being depicted in a flowchart.

Source : coindesk

Just finished reading the Coindesk article. Truly remarkable what that person did, as also pointed out in the article itself "Not bad for a few minutes of work. But just imagine how long it took for someone to figure this out."

And I think the second sentence is the key, it seems that this person was the first that did it to that extend with this setup. Truly something fantastically planed and executed, certainly with the necessary knowledge and financial background in case something goes wrong. Also, if you are a small investor and just trade around 10-20K or as most newbies do even lower then you aren´t even able to put of such a stunt financially as well as mentally. My experience is, if you aren´t used to big number they scare you and having 45K and taking a 405K loan is something not everybody would dare. Looking forward if they close that gap or if more people jumpt that bandwagon

@romero121 firstly I have never traded more than few hundred dollars, because crypto’s are very risky to trade in the short term, and secondly I also didn’t like the fact that he borrowed money to trade, because if his trade call would have gone wrong then he would have lost lots of money.

Furthermore @DoubleEdgeEx I believe that he’s an experienced trader hence he was able to pull this off, and therefore I strongly urge others not to try and copy him, because you’ll may end up loosing lots of money if your trade call goes wrong due to your inexperience.

[davis196]

This guy isn't some crypto trading genius.There is a 8.5% margin when trading USDC/ETH and ETH/USDT.This looks more like arbitrage trading.I assume that this 8.5% gap will be temporary so nobody else will be able to make easy profits.
I would never put 45,000 USD into one cryptocurrency exchange platform and I would never do leverage trading.
He isn't a genius,but he definitely has big money that he can afford to lose(or maybe he has balls of steel).

[Innerpumper]

This trader has made a profit of $40000, with the capital investment of $45000. This too is achieved using the stablecoins USDT and USDC. In between the trader has borrowed $40500 and with the swapping between exchanges has netted the profit of $40000 after paying a transaction fees of $2000. In simple the process involved in the trade is being depicted in a flowchart.

Source : coindesk

I think it's very vital once. If you are a rich person who dares to spend the whole deposit may be possible, it is different if the trader who relies on profit without high risk. A thread that you make refers to trading at high risk. Perhaps the solution is capital Management.

[NotATether]

This isn't the first time someone made big money while trading. Have you heard of George Soros? Some people call him "The man who broke the Bank of England" because he shorted the british pound and made a 1 billion GBP profit off of it, although that wasn't scraping it was more like long term trading in a matter of months.

[jpnl0006]

Most traders show a great deal of respect for trading business as it has proven to be not just a business but a profession. Loads of people have fired their bosses to this effect and the reason is that they have a more profitable business coming from the trading skill. Traders make more than 100 percent in cases of pump in minutes and even more.

[J.Amador]

That's very nice I want to experience that someday so my money gonna go bigger and bigger so I can help to my parents to buy our needs I salute to the trader who experienced it right now you make a good job sir/madam

[coinycoiny]

Scam scam scam.

Don't believe this crap

[Gozie51]

That's very nice I want to experience that someday so my money gonna go bigger and bigger so I can help to my parents to buy our needs I salute to the trader who experienced it right now you make a good job sir/madam

This kind of way you are feeling is the kind of way that someone can get into a wrong hand or platform that can deceive you and your money. You have to read it as such good experience. Bitcoin trading is a highly volatile market and it can throw in such profit if you are in better position. Me I'm not surprised at that.

[Becky666]

There are levels; when talking about trade, this type of trade isn't common to the cryptocurrency market even though there have been records about traders make huge gains from their single trade. Share this information should be an educational purpose than instigation of newborn traders to give a try.

Believe me, nobody around this place have experienced this overtime but though taking profits base on their level of trade. I talking, do take profit base on my ability: just took profit from ARPACHAIN trade some few hours ago on Binance exchange(9%).

[20kevin20]

Well, go on and try it yourself. You'd find out the "89% profit in minutes" isn't as easy as it sounds.

Wonder why the guy shared this unbelievable strategy instead of using it to his own advantage? It's because if the guy really did make 89% profit in a matter of minutes, he probably was only lucky enough to do so and then failed to repeat the same steps. What happens if you borrow 405k USDC and never get to make the remaining 42k? How do you get to pay the borrowed money back?

[dothebeats]

This guy saw a window wherein he can exploit that huge of a gap and carefully executed the plan. It's not really common for someone to do that profit in mere minutes, but the matter on how the trader did it is pretty much been done by most of us here. Essentially, this is arbitrage trading, though involving different platforms that allow these seamless swaps in mere minutes, cutting the transfer time between two platforms by a huge number and making sure that the gap isn't closing in.

Personally I find what the trader did kinda risky, though ultimately it worked out for him. Imagine if he didn't execute his plan immediately and lose some minutes, he could lose his money in an instant.

[supine]

This guy isn't some crypto trading genius.There is a 8.5% margin when trading USDC/ETH and ETH/USDT.This looks more like arbitrage trading.I assume that this 8.5% gap will be temporary so nobody else will be able to make easy profits.
I would never put 45,000 USD into one cryptocurrency exchange platform and I would never do leverage trading.
He isn't a genius,but he definitely has big money that he can afford to lose(or maybe he has balls of steel).

I agree this isn't really a trading genius this guy is just loaded and have a knowledge about arbitrage trading and did it.
But let's just be happy for this guys achievement and successful trading.
It was an easy money for him and I think whales could also have those kind of easy profit by just scaring the holders and creating a FUD and FOMO.

[Baofeng]

There is no secret here, it's just the matter of execution + timing and of course your risk aversion. But majority of us here, are afraid to take that risk and doesn't have that much capital to play with. So in paper it really looks like the guy is a genius, but I will say that he is more ballsy in exploiting the gap in make that huge risk to get big reward.

[carlisle1]

There is no secret here, it's just the matter of execution + timing and of course your risk aversion. But majority of us here, are afraid to take that risk and doesn't have that much capital to play with. So in paper it really looks like the guy is a genius, but I will say that he is more ballsy in exploiting the gap in make that huge risk to get big reward.

Huge amount of risk and what he got is the rewards that most of us always dreams of.
It's a matter of how you understand what you are doing and how far you can go in risking your investment.

There are such kind of investors who combined their knowledge and balls to proceed and take the higher risk knowing that if they
succeed the outcome will be big for them to receive.

No secrets  but pure understanding and trust with their guts, end results very huge a mount of profits.

[passwordnow]

He did an arbitrage trading, if someone is confused about the loaned amount and the starting amount, that's why.
If he made it in minutes, then good for him as he made a fortune of his life within a few minutes. He has to make sure that he'll make good use of it and won't get rekt if he trades back.

[pixie85]

Yes this was arbitrage trading like some of you have noticed but as much as I appreciate his guts and planning I also see that the whole system built on fake stablecoin trading can turn on us one day.

He made money trading usdt, a coin that is built of lies and probably used to manipulate the market. You can keep making fake money and lying about it but one day it will all come crashing down and those who will hold stablecoins at that point will lose like those who had money on Gox or BTCe when they went down.

[snipie]

-snip-
There are such kind of investors who combined their knowledge and balls to proceed...

Yeah that sentence resumes pretty much what happened tho.
I believe he thought about it, studied it then just waited for the best occasion to do it like a pro. Get a huge profit and ta da!

[kezinaur14]

This trader has made a profit of $40000, with the capital investment of $45000. This too is achieved using the stablecoins USDT and USDC. In between the trader has borrowed $40500 and with the swapping between exchanges has netted the profit of $40000 after paying a transaction fees of $2000. In simple the process involved in the trade is being depicted in a flowchart.

Source : coindesk

Even though it's remarkable, impressive and even a bit enviable, it's a process that I'm sure took months to perfect, and if you look closely, it's very much arbitraging, or as Morty says "it looks like arbitraging with extra steps", in my opinion, to find arbitrage oportunities this big and to get all pieces to fall into place there is a certain amount of leg work behind that we just won't know until we actually dig into doing it.