lakebtc has a best price, big money is coming!

Eeminia

newbie

Activity: 24

Merit: 0

Quote from: Jamacn on September 17, 2014, 02:10:12 AM

hi boy,

if the highest price were the best price, I'm sure that you had never been concerned about the localbitcoins price.

Don't be surprised, this is the localbitcoins price curve (so we can see, lakebtc price is without any off track in fact.)

https://i.imgur.com/QJWjMYj.png

http://data.bitcoinity.org/markets/price/30d/USD?c=e&r=hour&t=l

what's localbitcoins and what happened to it?

Jamacn

full member

Activity: 236

Merit: 100

hi boy,

if the highest price were the best price, I'm sure that you had never been concerned about the localbitcoins price.

Don't be surprised, this is the localbitcoins price curve (so we can see, lakebtc price is without any off track in fact.)

http://data.bitcoinity.org/markets/price/30d/USD?c=e&r=hour&t=l

GreenCoin22

hero member

Activity: 547

Merit: 500

Quote from: haploid23 on September 17, 2014, 01:43:55 AM

OP, it's almost as if you're a shill account for lakebtc. I'm staying away from them for now. Too new without large reputation yet for me to trade on there. I just don't want to be caught up in another mtgox incident, because majority of the smaller exchanges ends up going bust.

I think it's not a scam, even never heard any negative news abou lakebtc, and it's not too new to away from. Except bitstamp and btc-e, we know that the vast majority of exchanges are coming out in 2013, lakebtc is so, kraken is so and bitfinex is so.

Vortex20000

hero member

Activity: 504

Merit: 500

sucker got hacked and screwed --Toad

Quote from: haploid23 on September 17, 2014, 01:43:55 AM

OP, it's almost as if you're a shill account for lakebtc. I'm staying away from them for now. Too new without large reputation yet for me to trade on there. I just don't want to be caught up in another mtgox incident, because majority of the smaller exchanges ends up going bust.

Probably.

@OP

I use Cryptsy and the only complaint I have is the frequent downtime and slow withdrawals.

haploid23

legendary

Activity: 812

Merit: 1002

OP, it's almost as if you're a shill account for lakebtc. I'm staying away from them for now. Too new without large reputation yet for me to trade on there. I just don't want to be caught up in another mtgox incident, because majority of the smaller exchanges ends up going bust.

Jamacn

full member

Activity: 236

Merit: 100

as early as possible to give up your arbitrage plan, even if it is profitable but it would requires lots of money to profit looks decent

Sad

joesmoe2012

hero member

Activity: 882

Merit: 501

Ching-Chang;Ding-Dong

Quote from: TheGull on September 15, 2014, 12:53:36 AM

There are plenty of arbs around, but the real problem is moving cash - it takes DAYS sometimes. The only realistic way to profit from arbing is to have your cash and bitcoins evenly spread across multiple platforms (which you then have to rebalance as your relative balances change), but even then you need big balances because bank fees eat your cash FAST if you have to move it.

In short, there are opportunities but they are not so easy to take advantage of.

Days? I've been waiting on a MtGox withdraw for -years- now.

TheGull

newbie

Activity: 33

Merit: 0

There are plenty of arbs around, but the real problem is moving cash - it takes DAYS sometimes. The only realistic way to profit from arbing is to have your cash and bitcoins evenly spread across multiple platforms (which you then have to rebalance as your relative balances change), but even then you need big balances because bank fees eat your cash FAST if you have to move it.

In short, there are opportunities but they are not so easy to take advantage of.

desticy

sr. member

Activity: 1512

Merit: 292

www.cd3d.app

Quote from: hardcoin10 on September 06, 2014, 01:01:49 PM

This is really good profit but you have to have a lot of money to make decent profit from this, like $10k and plus, I was thinking to try this too , bad that It takes several days to withdraw to bank account.

yes, although it's profitable, arb space is very small, you have to be large capital flows, it could be profitable

hardcoin10

newbie

Activity: 4

Merit: 0

This is really good profit but you have to have a lot of money to make decent profit from this, like $10k and plus, I was thinking to try this too , bad that It takes several days to withdraw to bank account.

daybyter

legendary

Activity: 965

Merit: 1000

I write bot code, that might help you with your plan.

https://i.imgur.com/0lfW5YO.png

I just don't have a business model, or so. Maybe we can figure something out. Let me know, if you are interested.

bounst

full member

Activity: 228

Merit: 100

I saw the arb plan in Project Development, a ideaful plan, but probably it can be acted now

Now the price gap has been more than $10 for a long time, arb,move btceUSD to lakeYSD space > 2%.

Do you have btc in your wallet? It's time to sell them on lakebtc, and you can buy them back on btc-e.

deposit BTC is free on lakebtc, and withdraw BTC is BTC0.001 on btc-e
trading fee is 0.1-0.5% onlakebtc, 0.2% on btc-e

just cost 0.3-0.7% plus BTC0.001, that you can profit 2%.

Topic: lakebtc has a best price, big money is coming! (Read 1583 times)