Topic: Look for arbitrage partners - page 2. (Read 591 times)

frankly say, sell bitcoins to korea is not a good idea.

I tried EUR->China, or China->Korea, or China->South Africa.
Korea and South Africa are diffcult to get money out.

I had buy bitcoins from Bitstamp and sell in China.
But wire transfer to Bitstamp would take long time. (over 2 weeks).

So, to balance profits and circle.
An Eur seller + China buyer are the best partners.

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Of cause, there are will be some scamer , eg: a chinese seller to bitcoins to an korea buyer, was lose 200K$.
link:https://bitcointalksearch.org/topic/--2646457

so partners need to meet , face to face talk. and inform their ID/passport to each other.

do u known about any good results from same cyrcle ? i known that ppl tried many times with korea and without results

-----update 30/Jan 2018------- And still looking for partner whom live in Korea , South Africa now

Our trust funds increase to 2BTC, and trade more much bitcoins every circle.

funds address https://blockchain.info/address/3QJ9XxpV5hgjedxAVkvncXA6d2keW1tq3Z


-----update 22/Jan 2018-------
An agreement was be make with I and a Germany partner, we create a trust funds to prevent whom scam each other.
we deposit .5 BTC in it everyone.

Our trust funds, https://blockchain.info/address/3QJ9XxpV5hgjedxAVkvncXA6d2keW1tq3Z


 
--------Update 21/Jan 2018----
Done first circle with a U.S , 0.9854BTC, and profits 800$.

blockchain proof
https://blockchain.info/tx/0144153e2ec4ee24c4692a23efb35abd3d43a7c3aa51262df68ed297e0c966c5
https://blockchain.info/tx/e0d7dbe37a53fc894e31a60bd6553654233ab56ab78835472763cb67eaca9d0a

how we can trust each other
we trust technology more than trust humaness .
so we use multi signature address.
it means a lock has two keys , and must two keys could open it.
so ,when I wire transfter funds to my partner , he and i release BTC to me.

--origin thread blow---------

Arbitrage analysis:
The current Bitcoins prices has gap in different country/region.

Europe -> China (+10%) -> South Korea (+20%) -> South Africa (+30%)
There is a huge space for arbitrage.

Arbitrage key points:
1. Price gap
2. Transaction cycle

And the second point is more important than the first one, the second point depends on the speed of money out.
For South Korea / South Africa, there is a strict foreign exchange management system.

China also has a foreign exchange management system, but Hong Kong China is a well-known financial free port.
Therefore, Europe and the United States -> China, is a good way to arbitrage.

About me:
Chinese, Hope to find the cooperation between Europe/U.S.

If you are interested, we can video chat, or meet.

My Email: [email protected]
My Skype: yanshiba (China Timezone: UTC+8)