Topic: How to make a profit selling BTC? (Read 4152 times)
it's getting harder and harder to switch between exchanges you need a quick method. All the exchanges i used are synchronizing because more and more people do this.
You can make a profit selling BTC simply by cross checking BTC prices that different exchanges and customers are ready to pay... and then you can just go with one you find the most profitable...
You can also wait when the value of BTC exceeds the cost of your investment and then just go for it...
selling at +20% might also be a good way.
You can also wait when the value of BTC exceeds the cost of your investment and then just go for it...
selling at +20% might also be a good way.
I'm able to buy btc for bitstamp minus 2 percent locally in Toronto. How can I make a decent income by selling btc?
Sell it Bitstamp +5% at Localbitcoins using non-reversible payment methods (western union, moneygram, cash deposits in your bank, etc...)
This, except sell for bitstamp +20%, you make a lot more money that way.
Don't undercut the competition too hard, it hurts everyone.
You will have to learn everything else on your own but this is the way to do it.
You will find it difficult because you likely don't have a good enough rep to sell at the higher rate on local bitcoin, also I have seen the OP is probably not old enough to have a bank account to trade. 15 year old scammer so I hear from a good source. Using just bank accounts now is dangerous unless you want to be questioned what the money is for/from that regularly goes in your account. I sell in cash in person and you get more out of the trade just not as many willing to buy in my local area yet.
I'm able to buy btc for bitstamp minus 2 percent locally in Toronto. How can I make a decent income by selling btc?
Sell it Bitstamp +5% at Localbitcoins using non-reversible payment methods (western union, moneygram, cash deposits in your bank, etc...)
This, except sell for bitstamp +20%, you make a lot more money that way.
Don't undercut the competition too hard, it hurts everyone.
You will have to learn everything else on your own but this is the way to do it.
I think arbitrage is so hard for newbie, they dont know how to do it. I think faucet is the best way for newbie but the greatest way to earn is to join signature campaign.
I disagree, it is such a simple concept; buy on low exchanges, sell on high exchanges. The only thing that you may encounter problems with are the fees.
Faucets are not used to earn money, faucets are supposed to allow you to get a grip with bitcoin, to allow you to learn how to use it. The only people making
money from faucets are it's operators.
I think arbitrage is so hard for newbie, they dont know how to do it. I think faucet is the best way for newbie but the greatest way to earn is to join signature campaign.
I disagree, it is such a simple concept; buy on low exchanges, sell on high exchanges. The only thing that you may encounter problems with are the fees.
Faucets are not used to earn money, faucets are supposed to allow you to get a grip with bitcoin, to allow you to learn how to use it. The only people making
money from faucets are it's operators.
Best way to easy earn is arbitrage.
mmh no, i don't think so, arbitrage gains are meaningless, unless you move something like 1k btc or more, but this is too risky for a newbie
Best way to easy earn is arbitrage.
mmh no, i don't think so, arbitrage gains are meaningless, unless you move something like 1k btc or more, but this is too risky for a newbie
Best way to easy earn is arbitrage.
The main strategy is Buy low sell high. That is the main strategy that you can use , but there are some strategies that make you have a big profit in selling btc like If you sell a btc and your target price is 200$=1 btc (example) then make your selling price to 220$ so that if they make a bid or they want a discount you can make it 210$ OR 200$ . Now you have your target price and then if they not make a bid or discount you have a 20$ profit.
Bitcoin cap and volume is huge. No one can easily control the price. You are placing the sell order at 220$. The other could possible place the sell order at 200$. And the buyers could pace buy order at 190$. So do you get my points?sell them on localbitcoin(after you bought them on any other exchange or where you want), because due to the advantages that localbitcoin brings, you could set a higher price(something like 5-10), thus earning on your selling
I think it is not easy to find the ppl from the localbitcoin, who are willing to pay premium like 5-10. They can directly buy at market price from exchange.yeah but it would be slower and not anon, also localbitcoin is more confortable to use in many zone, this is the reason why people are willing to pay more for that service
take a look at all the sellers, basically everyone is charging +5% at least, and i don't think that all those are not able to sell at the end....
Buy low - Sell high the common strategy for traders
It is common sense. But the fact is that most of the traders are losing money. I think the most important part is yourself. You should set your buying price, selling price and how much you want to earn. Of course the plan should be applicable and persistent. No many ppl can achieve that. 
The main strategy is Buy low sell high. That is the main strategy that you can use , but there are some strategies that make you have a big profit in selling btc like If you sell a btc and your target price is 200$=1 btc (example) then make your selling price to 220$ so that if they make a bid or they want a discount you can make it 210$ OR 200$ . Now you have your target price and then if they not make a bid or discount you have a 20$ profit.
Bitcoin cap and volume is huge. No one can easily control the price. You are placing the sell order at 220$. The other could possible place the sell order at 200$. And the buyers could pace buy order at 190$. So do you get my points? 
sell them on localbitcoin(after you bought them on any other exchange or where you want), because due to the advantages that localbitcoin brings, you could set a higher price(something like 5-10), thus earning on your selling
I think it is not easy to find the ppl from the localbitcoin, who are willing to pay premium like 5-10. They can directly buy at market price from exchange.
sell them on localbitcoin(after you bought them on any other exchange or where you want), because due to the advantages that localbitcoin brings, you could set a higher price(something like 5-10), thus earning on your selling
I know the OP will never care to see this, but for discussions sake: Selling in markets where Bitcoin is uncommon is the best way to profit off BTC. In a few foreign markets where Bitcoin is highly valued due to multiple reasons, BTC can be sold at ridiculous markups because the demand for Bitcoin is too high and the supply just can't keep up. If you're entering this type of market you need to isolate yourself from other sellers which can be a problem. Notorious example is Ebay. We've all seen the ridiculous prices offered on Ebay that can range from a 20 to 30 percent increased price rate, and even at that they sell because the demand is huge. Like I said, it's all about the market. Find yourself a place where BTC is hard is highly valued and get straight sales at amazing rates for the seller.
Buy all the bitcoins so you set the price and nobody cant talk shit about it
you are freakin lol , there is 14,097,425 BTC total amount of outstanding bitcoins worth 3,083,388,796 USD , you have to sell yourself.
Buy all the bitcoins so you set the price and nobody cant talk shit about it
you are freakin lol , there is 14,097,425 BTC total amount of outstanding bitcoins worth 3,083,388,796 USD , you have to sell yourself.
try to see when people is putting it on sale, track the price,time and buy if its on good price for you and sell it latter for bigger money
Buy all the bitcoins so you set the price and nobody cant talk shit about it
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