Make $7000 A Week | Bitcointalksearch.org

stanilab

newbie

Activity: 4

Merit: 0

Quote from: shinymetal on May 09, 2014, 12:02:25 AM

ok, i just re-read this whole thing
i thought he was talking about trading small movements in price,
not just moving coins around exchanges..
loosing 1% on fees... on a 1 cent margin means you loose money.
the time taken to transfer coins from one to another means the price of it will no doubt change.
this thread is stupid. i can't believe i wasted battery power on this.
wait why am i still wasting battery power on this Huh

I, too, I also know how to make $ 7000 a week. In total, for example, it is necessary to throw in cloudy mining approximately 47K $. Nothing complicated .. There are many options)

blumangroup

sr. member

Activity: 350

Merit: 250

'Slow and steady wins the race'

Quote from: TwinWinNerD on July 29, 2014, 02:39:45 PM

Quote from: Keyara on July 29, 2014, 01:17:54 AM

Quote from: TwinWinNerD on July 28, 2014, 05:19:54 PM

I find it hilarious, that most people ITT think they can exploit such opportunities faster than bots that are programmed to do that 24/7 with a reaction time of a few ms.

Moving fiat across exchange takes time.

The fiat part of transfering money is not really part of the arbitrage. The important part is executing the trade fast and without/little slippage. Sure if Fiat takes ages to move around, then your expected value will decrease over a given time frame, but the absolute% return of the arbitrage trade isn't depending on this.

The amount of time it takes to move fiat from exchange to exchange will affect how often you are able to execute the abridge, as if it takes 10 days to get money from exchange A to exchange B then you can only trade your bankroll amount at most once every 10 days.

Assuming there are opportunities to be had, the less time you can move from exchange to exchange, the higher your return will be.

TwinWinNerD

legendary

Activity: 1680

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CEO Bitpanda.com

Quote from: Keyara on July 29, 2014, 01:17:54 AM

Quote from: TwinWinNerD on July 28, 2014, 05:19:54 PM

I find it hilarious, that most people ITT think they can exploit such opportunities faster than bots that are programmed to do that 24/7 with a reaction time of a few ms.

Moving fiat across exchange takes time.

The fiat part of transfering money is not really part of the arbitrage. The important part is executing the trade fast and without/little slippage. Sure if Fiat takes ages to move around, then your expected value will decrease over a given time frame, but the absolute% return of the arbitrage trade isn't depending on this.

Keyara

full member

Activity: 174

Merit: 100

Quote from: TwinWinNerD on July 28, 2014, 05:19:54 PM

I find it hilarious, that most people ITT think they can exploit such opportunities faster than bots that are programmed to do that 24/7 with a reaction time of a few ms.

Moving fiat across exchange takes time.

nothing2seeHere

member

Activity: 110

Merit: 10

Quote from: TwinWinNerD on July 28, 2014, 05:19:54 PM

I find it hilarious, that most people ITT think they can exploit such opportunities faster than bots that are programmed to do that 24/7 with a reaction time of a few ms.

Not only that but you have to factor in the fact that you cannot move bitcoin instantly that exchanges will accept (exchanges usually need at least 3 confirmations - 30 mins- prior to crediting your account)

TwinWinNerD

legendary

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CEO Bitpanda.com

I find it hilarious, that most people ITT think they can exploit such opportunities faster than bots that are programmed to do that 24/7 with a reaction time of a few ms.

doggieTattoo

full member

Activity: 209

Merit: 100

Quote from: fancyboy on May 11, 2014, 11:36:48 AM

Quote from: ipoomyself on April 21, 2014, 11:46:25 AM

from trading minor fluctuations between different exchanges eg mtgox - coinbase - btc-e.

ive done it and now im rich if you follow what i did with my system i will show u for free wotch

buy when 400 on coinbase and sell when 401 on bitstomp do that with lots of money and u make 7 grand a week

great idea! But I believe, person who is reach can pay for his education to write words without making mistakes.
And a bit of advice for the future: money love silence.

This is actually a bad idea. If you had to pay .15% trading fee then you would lose $0.05 per bitcoin that you trade when capturing a dollar spread. This assuming trading fee is much less then what most exchanges will charge you.

thistrader

member

Activity: 70

Merit: 10

For by grace are ye saved, through faith..

Quote from: ipoomyself on July 25, 2014, 01:17:32 PM

MAKE $5000 A WEEK FROM BUYING IT 597 THEN WP TAIT UNTIOL THE PRICE GOES UP TO 595 2 DOLLER PROFIT

Does no one else think he is drunk here?

Muhammed Zakir

hero member

Activity: 560

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I prefer Zakir over Muhammed when mentioning me!

Quote from: Panthers52 on July 26, 2014, 10:57:49 AM

Quote from: krishatnet on July 23, 2014, 10:04:53 AM

After paying fees for both exchanges you will got zero profit.

If all he can capture is a $1 price different the trading fees would actually cause him to have a loss

I think he gave us an example on how it works. If you want to get profit, you will have to trade after the USD/BTC price increase by at-least $50+ . I don't think it is good idea to trade now as the price isn't reaching $600 . The price is going down and then going up in between $580 and $592 .
Kindly,
MZ

loewen.brad

full member

Activity: 196

Merit: 100

Quote from: ipoomyself on July 25, 2014, 01:17:32 PM

MAKE $5000 A WEEK FROM BUYING IT 597 THEN WP TAIT UNTIOL THE PRICE GOES UP TO 595 2 DOLLER PROFIT

Ummm... How is the price going UP if it goes from 597 to 595? Last time I checked, that's a DROP in price. Unless you're using some kind of math that I've never heard of before...

Panthers52

hero member

Activity: 675

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#SuperBowl50 #NFCchamps

Quote from: krishatnet on July 23, 2014, 10:04:53 AM

After paying fees for both exchanges you will got zero profit.

If all he can capture is a $1 price different the trading fees would actually cause him to have a loss

Gargulan

full member

Activity: 231

Merit: 100

Quote from: BTCfaucetTIME on July 26, 2014, 01:42:07 AM

Quote from: williamj2543 on July 22, 2014, 09:52:23 AM

I don't think he realizes there are trading fees and withdrawal fees and deposit fees.

I think the OP is just looking for attention TBH, as I don't think that many people would want to brag about making this kind of money as it would subject them to a number of attacks.

Yes.

And we need to let this thread go away.

BTCfaucetTIME

member

Activity: 110

Merit: 10

Quote from: williamj2543 on July 22, 2014, 09:52:23 AM

I don't think he realizes there are trading fees and withdrawal fees and deposit fees.

I think the OP is just looking for attention TBH, as I don't think that many people would want to brag about making this kind of money as it would subject them to a number of attacks.

ipoomyself

newbie

Activity: 50

Merit: 0

MAKE $5000 A WEEK FROM BUYING IT 597 THEN WP TAIT UNTIOL THE PRICE GOES UP TO 595 2 DOLLER PROFIT

deluxeCITY

hero member

Activity: 532

Merit: 500

Quote from: soccosocco on July 23, 2014, 02:23:15 PM

there is not a trading fee and deposit fee and withdrawal fee
if it was easy to do as possible all those who trade will do that
it's just my opinion Wink

thank you

regards.

If this was the case then the exchange would not make money. So they would have no reason to be in business.

soccosocco

sr. member

Activity: 392

Merit: 250

there is not a trading fee and deposit fee and withdrawal fee
if it was easy to do as possible all those who trade will do that
it's just my opinion Wink

thank you

regards.

ajareselde

legendary

Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

Quote from: krishatnet on July 23, 2014, 10:04:53 AM

After paying fees for both exchanges you will got zero profit.

Just by reading what he wrote you can see that he has no idea what he's talking about.
If there were no fees, and if transaction times were 10x as fast, with no additional deposit/withdraw fees, then you could exploit this.

krishatnet

hero member

Activity: 546

Merit: 500

After paying fees for both exchanges you will got zero profit.

Bogleg

full member

Activity: 185

Merit: 100

Quote from: RedhatCAT on July 22, 2014, 04:36:28 PM

Quote from: williamj2543 on July 22, 2014, 09:52:23 AM

I don't think he realizes there are trading fees and withdrawal fees and deposit fees.

trading fees of even .2% would more then wipe out his profits.

The spread in the old day used to be wider. As more people trying to find way to profit from easy money, the profit diminished.

Dread Pirate Roberts

sr. member

Activity: 1512

Merit: 326

some exchange hit people with they fee but i think some exchange use fair system on trading . but really hard to makes some profit with it if low capital .
i think all need big capital to get biggest result Cheesy

Topic: Make $7000 A Week (Read 8594 times)