Topic: Bitcoin arbitrage method (6%) (Read 4626 times)
This is almost certainly a scam. There is no such thing as a guaranteed, risk free return on your investment.
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
if this is scam, why it is up here since over 2 weeks and moderators didnt clean it? :/
Bitcoin talk doesn't remove probably scams (caveat emptor, or buyer beware).. But I think arbitrage has had its day.. Back when btc was between 2 and 12 dollars, one could make a lot of money arbitraging. Thats how I made most of of my coin. Now, its much more difficult, still can be done, but there is a lot more risk involved.
True arbitrage is not possible with bitcoin as you cannot move your bitcoin instantly without your counter-party risking a double spend attack
It is possible if you already have the bitcoins you need to buy/sell in place (ex: on another exchange). Anyway, every arbitrage "investment" has proven to be a scam until now so invest at your own risk (loosing your investment 100% most likely).
If you already held bitcoin then you would need to risk the existing bitcoin that you held.
True arbitrage is suppose to be a risk-free investment. That is how those scams are so successful as people do not believe they are risking any funds.
It's clearly you don't understand how arbitrage works. You don't risk anything if you do it right. You buy 1 btc on one exchange for $600 and you sell 1 btc on another exchange for $610 but you do it in the same time, not wayting to transfer the one btc from one exchange to another. In the end you will still have 1 btc and 10 more dollars and you didn't risked anything. Anyway, this is only in theory because in practice you have fees and risks asociated with keeping your money on exchanges.
if this is scam, why it is up here since over 2 weeks and moderators didnt clean it? :/
Bitcoin talk doesn't remove probably scams (caveat emptor, or buyer beware).. But I think arbitrage has had its day.. Back when btc was between 2 and 12 dollars, one could make a lot of money arbitraging. Thats how I made most of of my coin. Now, its much more difficult, still can be done, but there is a lot more risk involved.
True arbitrage is not possible with bitcoin as you cannot move your bitcoin instantly without your counter-party risking a double spend attack
It is possible if you already have the bitcoins you need to buy/sell in place (ex: on another exchange). Anyway, every arbitrage "investment" has proven to be a scam until now so invest at your own risk (loosing your investment 100% most likely).
If you already held bitcoin then you would need to risk the existing bitcoin that you held.
True arbitrage is suppose to be a risk-free investment. That is how those scams are so successful as people do not believe they are risking any funds.
It's clearly you don't understand how arbitrage works. You don't risk anything if you do it right. You buy 1 btc on one exchange for $600 and you sell 1 btc on another exchange for $610 but you do it in the same time, not wayting to transfer the one btc from one exchange to another. In the end you will still have 1 btc and 10 more dollars and you didn't risked anything. Anyway, this is only in theory because in practice you have fees and risks asociated with keeping your money on exchanges.
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
if this is scam, why it is up here since over 2 weeks and moderators didnt clean it? :/
Bitcoin talk doesn't remove probably scams (caveat emptor, or buyer beware).. But I think arbitrage has had its day.. Back when btc was between 2 and 12 dollars, one could make a lot of money arbitraging. Thats how I made most of of my coin. Now, its much more difficult, still can be done, but there is a lot more risk involved.
True arbitrage is not possible with bitcoin as you cannot move your bitcoin instantly without your counter-party risking a double spend attack
It is possible if you already have the bitcoins you need to buy/sell in place (ex: on another exchange). Anyway, every arbitrage "investment" has proven to be a scam until now so invest at your own risk (loosing your investment 100% most likely).
If you already held bitcoin then you would need to risk the existing bitcoin that you held.
True arbitrage is suppose to be a risk-free investment. That is how those scams are so successful as people do not believe they are risking any funds.
if this is scam, why it is up here since over 2 weeks and moderators didnt clean it? :/
Bitcoin talk doesn't remove probably scams (caveat emptor, or buyer beware).. But I think arbitrage has had its day.. Back when btc was between 2 and 12 dollars, one could make a lot of money arbitraging. Thats how I made most of of my coin. Now, its much more difficult, still can be done, but there is a lot more risk involved.
True arbitrage is not possible with bitcoin as you cannot move your bitcoin instantly without your counter-party risking a double spend attack
It is possible if you already have the bitcoins you need to buy/sell in place (ex: on another exchange). Anyway, every arbitrage "investment" has proven to be a scam until now so invest at your own risk (loosing your investment 100% most likely).
if this is scam, why it is up here since over 2 weeks and moderators didnt clean it? :/
Bitcoin talk doesn't remove probably scams (caveat emptor, or buyer beware).. But I think arbitrage has had its day.. Back when btc was between 2 and 12 dollars, one could make a lot of money arbitraging. Thats how I made most of of my coin. Now, its much more difficult, still can be done, but there is a lot more risk involved.
True arbitrage is not possible with bitcoin as you cannot move your bitcoin instantly without your counter-party risking a double spend attack
if this is scam, why it is up here since over 2 weeks and moderators didnt clean it? :/
Bitcoin talk doesn't remove probably scams (caveat emptor, or buyer beware).. But I think arbitrage has had its day.. Back when btc was between 2 and 12 dollars, one could make a lot of money arbitraging. Thats how I made most of of my coin. Now, its much more difficult, still can be done, but there is a lot more risk involved.
OP highly suspect imho. Proceed with extreme caution of considering this.
if this is scam, why it is up here since over 2 weeks and moderators didnt clean it? :/
Do not trust BTCPromo. They are confirmed Russian scammers.
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
Stay away from those "arbitrage" sites. All of them are scams that steal your bitcoins!
This. Also if a site could successfully execute arbitrage then they would simply use their own funds.
you see this??? you just answered your own question that you ask in the quote down below here \/\/\/\/
(truncated)
Why wouldn't you pay someone who is successful in trading from teaching you?
Why wouldn't you pay someone who is successful in trading from teaching you?
These are two slightly different situations. The bottom is having someone teach you how to do a particular trade (no pun intended), while the top quote is someone actually doing the trade for you.
Kind of like having someone who knows how to fish teach you how to fish verses giving someone fishing supplies and having them fish on your behalf.
No such thing as easy money.
Exactly.
There are so many people on this forum expecting bitcoin value to go up to 10k usd.
A little too far fetch if you ask me.
may be he was talking about easy profit for him?
Lol
beware of new accounts for investing with them or their idea
Lol
beware of new accounts for investing with them or their idea
Stay away from those "arbitrage" sites. All of them are scams that steal your bitcoins!
This. Also if a site could successfully execute arbitrage then they would simply use their own funds.
you see this??? you just answered your own question that you ask in the quote down below here \/\/\/\/
(truncated)
Why wouldn't you pay someone who is successful in trading from teaching you?
Why wouldn't you pay someone who is successful in trading from teaching you?
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
When people find an actual profitable arb opportunity they don't usually tell others.
I try to keep that in mind when I read these things.
I try to keep that in mind when I read these things.
this is absolutely true with only ONE exception, their friends they are trying to help out, sometimes you get a friend you know well and wants you to do well as well, and will share their finding with you
best way to do things is to figure them out for yourself, info from even well meaning people often has issues that need ironed out, something i actually play on when learning more about manipulating materials in chemistry and energy research
Why wouldn't you pay someone who is successful in trading from teaching you?
When people find an actual profitable arb opportunity they don't usually tell others.
I try to keep that in mind when I read these things.
I try to keep that in mind when I read these things.
this is absolutely true with only ONE exception, their friends they are trying to help out, sometimes you get a friend you know well and wants you to do well as well, and will share their finding with you
best way to do things is to figure them out for yourself, info from even well meaning people often has issues that need ironed out, something i actually play on when learning more about manipulating materials in chemistry and energy research
If someone is genuinely interested they can usually find a mentor.
When people find an actual profitable arb opportunity they don't usually tell others.
I try to keep that in mind when I read these things.
I try to keep that in mind when I read these things.
this is absolutely true with only ONE exception, their friends they are trying to help out, sometimes you get a friend you know well and wants you to do well as well, and will share their finding with you
best way to do things is to figure them out for yourself, info from even well meaning people often has issues that need ironed out, something i actually play on when learning more about manipulating materials in chemistry and energy research
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
Stay away from those "arbitrage" sites. All of them are scams that steal your bitcoins!
This. Also if a site could successfully execute arbitrage then they would simply use their own funds.
If it sounds too good to be true then it probably is.
This sounds too good to be true.
This sounds too good to be true.
When people find an actual profitable arb opportunity they don't usually tell others.
I try to keep that in mind when I read these things.
I try to keep that in mind when I read these things.
Jump to: