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

[taufik123]

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?

He was lucky enough to have a discount of @ 8.5% to USDC. That's what gives him a lot of advantages. and the profit scheme that he created will not be replicated a second time. Making a profit in just a few minutes is quite crazy and extraordinary, moreover, the money he uses is money from loans that have a large risk. This man is probably a professional and already aware of the risks.

[bonjouros]

A truly remarkable strategy and I can say that he did quiet a stunt even if strategy is not that risky as it involves only 3 currencies that are very famous currencies. But small investors
can't pull this kind of move the same with traders who are not willing to borrow such a huge amount just to execute this kind of strategy.

But I wonder if there are traders who follow this strategy and also earn a huge amount of profit because this strategy will be effective only once the market is moving upward, meaning you need
to hit the right timing in order to make this strategy work.

[bayu7adi]

similar to bitcoin arbitrage, but it takes advantage of the difference in the price of three digital currencies. I really appreciate the genius of this person, because in addition to sharing knowledge about several methods of getting money, he can also show that taking risks is more fun if it is according to our expectations.
because the origin of the funds comes from loans, so at least we also have guarantees to be able to make these loans

[CryptopreneurBrainboss]

Nothing special here just another prove showing again why the crypto space is one of the very few avenue out there you can cashout big time if you are lucky to have the required information, seizing the opportunity as they present themselves. Few minutes before logging into the forum, I took some look at Binance exchange and saw a coin name $sand giving a return off over 800% in matter of minutes after it got listed. I think that's beats that of the 89% profit.

The market is just filled with opportunities to profit from but you don't rush into it especially when you're not informed if not you'll likely end up losing all your capital.

[20kevin20]

He was lucky enough to have a discount of @ 8.5% to USDC. That's what gives him a lot of advantages. and the profit scheme that he created will not be replicated a second time. Making a profit in just a few minutes is quite crazy and extraordinary, moreover, the money he uses is money from loans that have a large risk. This man is probably a professional and already aware of the risks.

These "discounts" could be profited off at any point where stablecoins go either above or under their supposed value, but a lot of traders (especially trading bots) have learned their lesson so before you get to take the profit from these price changes, you probable have thousands of bots doing it before you. So he probably even used a bot to do all of this in "minutes".

[acroman08]

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.

the 89 is %, not minutes

I doubt that person will people like him usually have money to spend. bitching in this forum due to his own fault will bring him nothing.

it is a high-risk high reward not many people will do it even if they can afford it, but I would probably do the same If I can afford to lose that much money, but I would probably be shaking while doing it.

[semobo]

This can be a proof that new strategies can always pay good rewards to the traders so don't keep doing the old things by following others, try to explore the new opportunities.This maybe done in minutes but this may take lot of time and effort to figure this out and he kept it secret until he made that rewards and that is how traders are more successful when they are not revealing their secret strategy.

[DarkDays]

Great read.

This guy just took arbitrage to the next level.

I think that it only works when there is a sufficiently large gap between stablecoins prices. In this case, there was an almost 10% gap between USDC and USDT—this is almost unheard of.

He then multiplied that difference up by borrowing on leverage, and pocketed the difference.

Before other people start thinking they'll get rich by doing the same. They would have to be on the lookout 24/7 for this, or at least set up some alerts.

[Ryker1]

Well, arbitrage trading is very risky. They say, --if you will be risked a big amount it will return a big profit.
Nothing is new here, that is very common and actually that trader is willing to risk big amounts and borrowed money for that trading. This is not recommended if you dont have experience in trading, you perhaps like a double edge sword once you have mistakenly input on exchange. Did you know that trading is a sort of gambling, that guy is very lucky to earn profit in an arbitrage strategy.

[Mahanton]

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.

Its indeed an arbitrage one and we know that these kind of steps should really be done on precise manner or else it would surely cost you.This guy has indeed a ball of steel
on where putting up 40k on an exchange and making out transfers on several platforms would really be that stressful due to the fact that you may face up some fund holds or similar scenario.
Its actually possible but not all does have the money and the courage to take risk on such step but this man proves out that if it done and executed well then making money will
really be that simple but a very very risky thing.

[taufik123]

-snip-So he probably even used a bot to do all of this in "minutes".

Yes, maybe, because bots provide convenience and speed in executing transactions that are needed and have been pre-set. Maybe he was also a programmer who built his own bot which would be of great benefit. An 89% gain in minutes will pay off all the hard work it does.

[AakZaki]

Quite a lot of money to trade. I never sent that kind of money to the trading platform. The risk with big money in exchange will be higher. To get 89% profit in minutes is possible when you have a good and professional trading strategy and analysis. Even more than 100% profit can be obtained when FOMO takes place. This person also takes advantage of several discounts that are given to multiply their benefits.

[bitgolden]

You may pump any low profile altcoin to profit even 100% when you are equipped with massive amount of BTC/ETH.

Recently LINK/WAVES/WRX/DGB are pumped up to 30% to 60% and when you are having big capital then you can push further rally and may book profits before everyone else will do. This is how whales do trade and trap small traders. But, I cannot assure about to achieve anything in minutes but big level of profits will be possible if you are able to manipulate the direction of markets.

Honestly I have never experienced the any such big profits like 89% in very short term but my bitcoin holding has got me more than 1000% profits in 3 to 5 years of holding.

[20kevin20]

Honestly I have never experienced the any such big profits like 89% in very short term but my bitcoin holding has got me more than 1000% profits in 3 to 5 years of holding.

And you haven't had to borrow $400k to do so (hopefully). Think about it: whoever bought 5 years ago BTC under $200 now has more than 6000% profit. Imagine borrowing $400k and making a trading mistake - you'd screw up your entire life.

[rexxarofmoknathal]

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.

First of all this guy starts with a large amount himself, he then tops that up with some more borrowing and technically takes advantage of the price disparity between USDC, ETH and USDT. In this process ETH showed an uptrend, so the guy got lucky as hell.

After this crazy bump and profit, he sold out ETH -> got USDT then back to -> USDC, payed off the loan and retained the remaining profit.

Overall, this shows strategy combined with a lot of risk by borrowing and starting big and also getting lucky. Not so reproducible after all.

[tvplus006]

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

We see an example of a very profitable operation that is also very risky. The cryptocurrency market is very volatile and it was enough to change the price by hundredths of a percent, and the trader instead of making a profit of $40,000 could get a loss equal to his deposit.

[RealMalatesta]

I think if this was something so easy as people make it out to be, people would do this constantly, I like things looking good in paper but I would like to see it in exchange live as well if he has the same courage to do that once again with proof. Open up a youtube account, create a video detailing how you do it and just show it on your screen and do it for real and prove that what you are saying is actually possible, then I will believe it.

Right now this looks good on paper to someone who doesn't know how it works, but if it is such a great and easy thing why doesn't that person do it constantly without a stop 7/24 so that he could have tens of millions of dollars in profit? If it is such an easy thing he wouldn't just share it, he would keep it a secret and do it over and over again.

[Lanatsa]

Great read.

This guy just took arbitrage to the next level.

I think that it only works when there is a sufficiently large gap between stablecoins prices. In this case, there was an almost 10% gap between USDC and USDT—this is almost unheard of.

He then multiplied that difference up by borrowing on leverage, and pocketed the difference.

Before other people start thinking they'll get rich by doing the same. They would have to be on the lookout 24/7 for this, or at least set up some alerts.

I do consider it to be lucky and wise at the same time.These kind of circumstances or chances doesnt really pop out too regularly and when the time
this fella able to see those opportunity then he did really made an splendid job on arbitraging even though on the amount we've been talking is big
and its way too risky on making transactions into those amounts.

When the time it had been discovered then those big gaps will surely be gone and chances arent there for them to follow the same step.

[Bitlover10]

It's interesting and exciting to see this but their is big risk too. Making profit in terms of percentage is not much interesting but in terms of money it's really big amount. I made 100 percent roi through trading on binance future but I don't have such a big amount to take such kind of risk. Its just depend on capital and your holding capacity. Leverage trading is very risky and have great possibility. Personally I never go more than 3x leverage and still its makes me worried because market is very unstable and the people in the trade in future better known that how quickly price go up and down to liquidate your fund.

[Kelvinid]

89% profit is really awesome but I don't have that steel balls to try it even it looks interesting with that huge amount. Maybe it sounds crazy for me to try it and only a few of them had made it to succeed coz we all know that it seems impossible but somehow he make a try and boom. He is a LUCKY person, a trader who has a strong spirit in crypto and he truly believes himself without any hesitation.

I really see it too much courageous but I'm not totally a risk-taker to spend a lot of money on just one coin. I'd rather have to spread it to other coins for safety assurance than to lost that easy.