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

[dimastegar]

Getting 89% profit in minutes, of course, requires careful execution and it's not easy. When we buy coins and when we sell coins are determined by our decisions.
Looking at the flowchart, I saw that this person took the risky step of borrowing 405,000 USDC. And that's something I would never do as a trader. Borrowing money for trading capital is very risky.

[MCobian]

My opinion that this trader makes use of a large amount of capital and therefore can profit in the short term or profit in minutes.
To be honest, I have never had such trading experience, maybe because I have a small capital. Imagine that 45,000 USD of capital
is a lot, and with that much capital it is only natural that the profit is also large. But trading using borrowed money is not a good idea,
what if you experience a loss. That's a sloppy thing to do.

[TravelMug]

His strategy is not for the feint of heart because it is really dangerous, it's a make or break in the next 89 minutes. Luckily he succeeded and that's why many are going to call him a wizard or genius.

But what if he fail, will he come back in this forum and bitch around? Lol.

His strategy is obviously not for everyone, not for the majority of average Joe trader here in this community.

[suryogandul]

if that's convincing, the trade seems easy. but I am not sure about the existing flow, because it is too fast and the profit is too big. maybe it can be explained in writing in length so that many people understand. Sorry

[Sadlife]

Flash loans are so mind-blowing, if you could understand how it works especially if you're a developer you could modify and explore more passive income and edit huge money making apps to custom code it, however you like to yield more benefits and generate more money.
This is why, i think ETH will soar to new All time highs because of this features when ETH 2.0 comes out.

[btc_angela]

if that's convincing, the trade seems easy. but I am not sure about the existing flow, because it is too fast and the profit is too big. maybe it can be explained in writing in length so that many people understand. Sorry

In paper it really looks like very easy and seems that everyone could pull this off and make a huge profit. But in reality, it's not that easy at is sounds as obviously, you need big capital and you have the experience as well and nerve of steel, otherwise if you are a beginner and try this method, you might get nervous and instead of making money, you are going to lose in the end. So be cautious for someone who are going to imitate this strategy on their trading.

[online73]

Hello to all. As they say in many countries of the world: "He who does not take risks does not drink champagne." Here is a classic example of huge risk but deliberate risk - this trader knew exactly what he was doing. At first glance, it seems that it is so simple, but I am sure that it is impossible to come to this in one day - it is obvious that such an action has been prepared for a long time, and of course this trader is a very smart person. This is what happens when you are serious and thoughtful about the matter. I am really happy for this person and I am sure that each of us can have such a chance. I'm not sure many of us would take such a risk, even if everything was calculated at 100%. Here - intelligence, risk, persistence, and here is the result.

[romero121]

Hello to all. As they say in many countries of the world: "He who does not take risks does not drink champagne." Here is a classic example of huge risk but deliberate risk - this trader knew exactly what he was doing. At first glance, it seems that it is so simple, but I am sure that it is impossible to come to this in one day - it is obvious that such an action has been prepared for a long time, and of course this trader is a very smart person. This is what happens when you are serious and thoughtful about the matter. I am really happy for this person and I am sure that each of us can have such a chance. I'm not sure many of us would take such a risk, even if everything was calculated at 100%. Here - intelligence, risk, persistence, and here is the result.

Yes, maybe this could've been a long planned. Now the market might have moved as he calculated. Considering it the right time, the trade is being executed. With this trade what he has made is big. To achieve big the risk taken is something you and me can't think. Also these are pro players in the market, holding big backup of funds to risk for revenue.

[pooya87]

this is a terrible article to both write and share here because it will make a lot of people think that making profit through 3 way arbitrage is easy and very profitable whereas in reality it really isn't. in majority of cases the difference between prices is too low to make a decent profit and most importantly the market is super volatile which means a price you see right now may not be the same price you see in a couple of seconds and buying/selling and transferring funds between exchanges takes more time than that. in other words the same trader could have easily lost 90% of what he borrowed which brings us to another huge mistake that he made, he invested the money he didn't even own and could not afford to lose!

[Wexnident]

They should have probably emphasized the term "skilled" when stating the trader in the said article. A profit of 89% is really good, not to mention that it was done in a matter of minutes, but the skill and experience required to even think of such an idea would have probably taken years to develop. Not to mention that the trader in talk probably has ample funds, much so that his investment in said trade could be afforded to lose. Plus, dude probably prepared for it quite well, waiting for such an opportunity to come. It's never easy to make a profit of $40k in minutes when the market we are currently at is very volatile. It didn't also take only skill imo, an immense amount of luck was used up here to even successfully manage to pull it off. One wrong move and he could've basically lost a lot after all.

[DoubleEdgeEX]

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.

Wholeheartedly agreed. That person was a pro. Also thanks again for the Warning, I think that can´t be emphasized enough to stop all-too-greedy newbies to try it themselves.

@ NotATether - Nathan Rothchild was the one that pulled of the stunt with the Bank of England. Here a pretty cool article about it: https://medium.com/hackernoon/the-evolution-of-money-the-phantom-menace-of-the-rothschild-banking-episode-3-4f4bb8c812e1

[maydna]

I never traded using that such big money, especially that is not using the exchange that I already used. He dares to take a risk that big amount of money, but suddenly, he make a huge profit. I am sure that he has high-skill in trading so that he can make that huge profit. That is a very lucky person who is at the right time and in the right place.

Only a few people like him that can trade well because without having high-skill in trading, he will not be able to calculate the risk, and manage the risk. It is one example of the pro trader, but I wonder who he is.

[leea-1334]

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.

This was a bit confusing for me but I think I get the gist of it,,, but is this not basically called arbitrage trading? Arbitraging not so much the price of assets but the swapping rates. Pretty clever,,, and now of course that people are reading it they will try for it. I bet you exchanges earn more from people who try and fail than those who try and win:)

[teosanru]

Read this article yesterday. On one side it's too much presence of mind exercised by the trader but we cannot deny the fact that this was due to a inherent flaw in the system. These USDC,USDT and other Dollar tethered currencies have always been in some attention due to their lack of stability. But yes I must say there was a huge ridk involved on part of Trader too. But I don't know I am not able to join ends who would compensate for this loss made by the arbitrageur? The platform definitely won't suffer I think it would be the other people trying this stunt who will face a loss.

[cryptomaniac_xxx]

this is a terrible article to both write and share here because it will make a lot of people think that making profit through 3 way arbitrage is easy and very profitable whereas in reality it really isn't. in majority of cases the difference between prices is too low to make a decent profit and most importantly the market is super volatile which means a price you see right now may not be the same price you see in a couple of seconds and buying/selling and transferring funds between exchanges takes more time than that. in other words the same trader could have easily lost 90% of what he borrowed which brings us to another huge mistake that he made, he invested the money he didn't even own and could not afford to lose!

Exactly, another click bait article, and what will it do? bring more harm to traders specially they think that is it very easy to do arbitrage with the mention coins. But in truth, these 3 way arbitrage is not practice that often because you really need to be quick, and because the price is unstable, in matter of minutes your supposedly profits might turn into dust, very misleading article.

[Slow death]

I would like to see if he had lost money if they would create an article talking about the loss he had, these types of articles are very bad for the cryptocurrencies market, and this is exactly the main argument that governments and banks use to criticize bitcoin and it was for This is why we had the disaster of 2017 and the beginning of 2018 because people invested in ICOs thinking that they would become millionaires in a few days and others sold things to make trade because they thought that trade would make them millionaires in a few hours, but in time they realized the hardship reality and lost money

[LogitechMouse]

This is more of an arbitrage trading but as a trader, getting 89% profit in just a few minutes isn't that easy to get.

Well, when I'm still trading I didn't experienced getting profits as huge as that. Probably there are some good traders who got that profit but not in a span of minutes unless they are a good arbitrage trader too like the one OP has been shared. There is one way to get profit as huge as this or probably higher. Ride with the whales when they pump and dump a coin .

[dansus021]

He isn't a genius,but he definitely has big money that he can afford to lose(or maybe he has balls of steel).

  not just his balls, maybe his brain made of quantum computer

but seriously that was a big money 40.000 is fund of entire bounty nowadays

i just curious what will happen when they borrow some money and the eth price goes down like hell

its like paying debt for entire life

[philipma1957]

  I would like to point out he did not invest 45000 he spent 45000 out of pocket.  He took a loan of 405,000 and if the market decided to fully tank
he would lose the 45000 and part of or maybe all of the 405000 he borrowed.
  So it is misleading to say he turned 45000 into 85000 since he was responsible for a 405000 loan.

[NotATether]

@ NotATether - Nathan Rothchild was the one that pulled of the stunt with the Bank of England. Here a pretty cool article about it: https://medium.com/hackernoon/the-evolution-of-money-the-phantom-menace-of-the-rothschild-banking-episode-3-4f4bb8c812e1

That was a good read, and that's also a huge profit he made after the Napoleon battles (at the time) from 500K pounds to 1 million pounds, but I was referring to Black Wednesday in 1992 when Britain took the pound out of the ERM because of speculators.

  I would like to point out he did not invest 45000 he spent 45000 out of pocket.  He took a loan of 405,000 and if the market decided to fully tank
he would lose the 45000 and part of or maybe all of the 405000 he borrowed.
  So it is misleading to say he turned 45000 into 85000 since he was responsible for a 405000 loan.

That equates to 405,000 (9x) + 45000 (1x) = 450,000 traded at 10x leverage, and the amount he hedged with his own money was very risky since the loan was so big no exchange will ensure that entire amount. It's also ironic that high leverage is a selling point of many exchanges that you see them advertise but if someone were to trade with that high leverage and lose, the exchange itself can lose a lot of money even with average sized user funds.