Topic: Bitcoin arbitrage, quite profitable BTC investment, make up to 1% ROI per day - page 20. (Read 47388 times)

I add the biggest offenders to my list and I don't discuss sites I've made profits in public. Of course I'll agree there is a significant difference. Bitcoin-trader is run by a crafty admin looking to fleece the most people out of the most money he possibly can and by disassociating himself with the HYIP industry to try and prove legitimacy. You do realize the point of a ponzi game? They don't make any money - so there is no reason to discuss a ponzi's story. It's a waste of time. So I don't know what you are trying to get at by throwing HYIP names at me. There's a big difference between a good ponzi game and a poor one like bitcoin-trader and several others leading the shit pack.

Well, you would definitely agree there is SIGNIFICANT difference between Bitcoin trader and other ponzi games, Finmutual.com, for example. With Finmutual it is obvious it is a scam website without even any decent explanation how do they make money at all. I have already asked you to add them to your signature, if you believe these sites are scam, yet you have not done so.

The fact that btc arbitrage trading is new and big is why these ponzi games are taking advantage of using it as their story. I'm sure after bitcoin-trader or during bitcoin-trader's online time we will see several "arbitrage trading" ponzi games come and go till eventually the story gets old and no one believes it anymore.

Yes: much wider markets and for much much lower roi.

OK, let us at least agree on something. The arbitrage method is used every day on bunch of other exchanges, oil, wheat, gold, etc. This is something traders take advantage a lot. If this is something which exists in other markets, it can definitely exists in a highly imperfect and unregulated BTC market. Whether these particular guys actually take advantage of it, as I have stated, I can only hope.

You are referring to total traded volume which has NOTHING to do with the amount needed to close arbitrage gaps, which is WAY smaller. And btc arbitrage isn't the only actor taking advantage of said, already narrow, windows (if they are doing that kind of business at all, that is xD, which I doubt).

You do realize that the amount BTC traded on a good day is anywhere between 300.000 and 450.000 coins. That is almost 200 million dollars. Add to this LTC trade, alts to alts trade, this is a huge market. Opportunities are there, one only needs to find them.

I share my experience here, will not try to convince anyone into something they do not believe in. Maybe Dodo, protector of the investors, is correct.  Anyway, I am about 20+ days away from reaching full ROI. Dodo, please do send me your address so I can send you some bird seed when I do.

Yes, but as I said, arbitrage opportunities are SMALL, you can do 1% with few usd before the gaps close but you cannot do that with $ 1 mil.
You don't want to use other's money, you want to use yours. And competition is already steep cause of bots, as you noticed too.
That's the entire point.

Bla bla bla, what a hogwash. I'm not going to allow you to fool people  

Some Facts:
There is a 1% fee to deposit funds to btc-e via Bank Transfer (only method for any large amount deposit ). So 1% is lost if trying to arbitrage.
Moreover It takes over a week for the deposit to process, sometimes several weeks..check the complaints on btc-e thread..very hard to arb effectively.
The Spread is usually $10 difference sometimes more, sometimes less,its never constant. And there is a limit to how much one can profit  as the Order books are SLIM. You can make 1% on $10k, but i doubt that scam is handling only $10k.
It is easier for the anonymous admin to keep your money and pretending to work !..

I'l repeat also: Do NOT invest in this soon-to-be-scam. Buying bitcoin is already risky, and when you'll lose your coin on this ponzi and btc surges to new heights you will regret to have taken double risk and lose it all. Keep your coins in your own hands.

Wanted to update the previous thread with a few additional pieces of info, hope u don't mind. Please do not list argument only to support your claims. We all know very well prices on BTCe are lower cause they require almost no verification of any kind as opposed to Bitstamp which is quite detailed on this. As a result, black market BTCs re being dumped on BTCe constantly thus lowering the price and this is hole not easy to close. In addition, there are bunch of other exchanges which contribute to the market dept. In addition, BTC arbitrage is not only BTC to fiat. I personally do alts to alts arbitrage every day and most of days I end up making around 1%. U want another example, my last trade was Darkcoin, yesterday, the price difference between exchanges was well over 1%. Also, bunch of people use trading bots and some of them are quite profitable. All I am saying is that this might be possible, I have done it personally, not every day, but I have neither time not skill to do this full time.

U cant unless you close the fiat loop unless ur doing crypto arbs.

I saw the "btc-e/bitstamp" argument coming

First of all your figures are incorrect: you have to consider orderbook depth too. If you are going to buy any significant amount on btc-e you are looking for 433+ $ prices (probably higher) (429 is the current BID price: you cannot place bids and wait with these kind of volumes). Bitstamp bid is currently 444$. The usable spread is around 2.5%, subtract the fees and it's 2%. Then there are the banking fees to deposit/withdraw usd which are usually around 1% each  way (sometimes more).
The arbitrage profit is zero or barely anything OR OTHERWISE EVERYONE WILL BE DOING BTC-E/BITSTAMP arbitrage all day long and the prices will be the same.
Again, simple logic is your friend.

Sometimes the spread is higher and there is a little arbitrage opportunity window (usually when one of the two exchanges flash crashes), but it doesn't last long, obviously.

How do you exploit this 17$ spread EVERYday?

Current spread between Bitstamp and BTCe is $17. To put it differently, Bitstamp BTC price is 446 and BTCe is 429. That is almost 4%. This is comparison of only 2 BTC exchanges out of dozens online. After all this you say it is impossible to make 1% profit, well I have news for you, you are wrong big time. Whether they actually do arbitrage or not, I cant tell for sure, what I can tell is that I use them for months and have had no problems at all. I really hope they actually trade due to several reasons:

1) deposits are not unlimited, there is a cap on potential deposits. Which HYIP would do this and for what purpose?
2) there were days when profits were negative. Again, which HYIP would do this and for what purpose?
3) actual daily earnings are often lower then 1%, 0.4%, 0.5%. This is very uncommon in HYIPs, usually daily earnings are 3,4,5%, at least that is what I have seen.
4) they offer cloud mining service as well. Why all this BS and complication if this is just another HYIP.
5) They have been online almost 6.5 months without a single negative review or glitch. At least I cannot find anything online.
6) There are a few representatives visiting BTC conferences and their trips were sponsored by Bitcoin trader. Reports and photos are available on the website.

Having said this, I ll repeat the phrase I always says, when dealing with anything Bitcoin related, DO NOT INVEST anything you cannot afford to lose. The entire BTC economy is still very unsafe, if you like safety, put your money in the bank. For you personally, if you do not like this thread, there are bunch of others here, good luck and thank you for your comment, all this you have said has been repeated ten times in this thread.

"There is no proof" and bla bla bla.
Simple logic: arbitrage opportunities tend to close very quickly because buying on the cheap exchange and selling on the expensive one eventually drops the expensive one prices to cheap one levels.
So if you are profiting with that technique you DON'T WANT to use other's money, you wan't to exploit the windows yourself as much as possible before they close (and profits are much lower than 1% daily anyway).

It's an obvious hyip/ponzi and it's ok to try to gamble it a bit, but should be in the gambling section.

Also pls stop notifing us of succesfull withdrawals since it proves nothing: ofc they are allowing withdrawals as much as possible or the ponzi will crash immediately.

Still far from the max of 3%, but really good.
Hope it stays like that, as BTC prices are so depressed...

May 7, 2014 trading result:+1.12%

Two really nice days in a row.

May 6, 2014, another great trading day:+1.1%

I also received my withdrawal yesterday.

rosa, its a good thing for the HYIP industry to have bitcoin - gives more options for U.S. players. Just the ones to make their faces known to the bitcoin community hardcore are pulling a fast one. These particular admins are not experienced admins, but want a piece of 100 million a year HYIP industry and a big ol chunk of Bitcoin.