Topic: Bitcoin arbitrage method (6%) (Read 4610 times)

This is almost certainly a scam. There is no such thing as a guaranteed, risk free return on your investment.

You would still be risking your dollars when you invest in that one bitcoin that you used to execute that arbitrage. At the end of your trade in your example you would have an asset worth $600 and $10 in fiat. If the price of bitcoin were to decline, to say $550 on both exchanges then you would have an asset worth $550 and $10 in fiat with a loss of $40 from before you executed your arbitrage.

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 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 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).

True arbitrage is not possible with bitcoin as you cannot move your bitcoin instantly without your counter-party risking a double spend attack 

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.

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.

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

you see this??? you just answered your own question that you ask in the quote down below here \/\/\/\/

Why wouldn't you pay someone who is successful in trading from teaching you?

If someone is genuinely interested they can usually find a mentor.

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

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.

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.

Stay away from those "arbitrage" sites. All of them are scams that steal your bitcoins!

Crypto 997, you're my hero 

LET THE CALLS BEGIN! MUAHAHA

Wah ! What is the point of copy-pasting a privacy protected whois record ?

Verified scam.

https://bitcointalksearch.org/topic/m.7017794

and many, many, many more. Do some research. Don't be a complete fucking moron like me and send them 2 btc lol. I'm an idiot. These people suck. Fuck btcpromo.net

No such thing as easy money.

scam....



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