Making around $37 per BTC with instant trading - page 7.

extrabyte

legendary

Activity: 840

Merit: 1000

Quote from: thisisthis on January 13, 2016, 11:16:58 AM

Step 1 is to buy BTC with USD [from https://www.coinbase.com if you are able to, or somewhere where the price is similar to $429].

Step 2 is to sell those same BTC for paypal USD [at https://www.satelexchange.com].

So basically you can buy 1 BTC for $429 and sell it for $466. The profit is around $37 per BTC.

method is good. but I dont getting how we can sell 1 btc for 466 dollars. although BTC price is only 440 dollars?

robelneo

legendary

Activity: 3416

Merit: 1225

I doubt that ,it;s to risky to sell bitcoin using paypal because of the dispute features of paypal anytime your buyer can I file a dispute and can recover the funds he pays while on bitcoin there is no way you can get it back it's very disadvantages for seller paypal and bitcoin don't go all along

neonshium

hero member

Activity: 1134

Merit: 515

Quote from: thisisthis on January 13, 2016, 11:16:58 AM

Step 1 is to buy BTC with USD [from https://www.coinbase.com if you are able to, or somewhere where the price is similar to $429].

Step 2 is to sell those same BTC for paypal USD [at https://www.satelexchange.com].

So basically you can buy 1 BTC for $429 and sell it for $466. The profit is around $37 per BTC.

Step one is good.. we should follow it, but I don't satisfy with step two. I think we should wait for some time. Bitcoin price is going up every hour. If we wait for some time we can gain more profit..

nickaizoku

sr. member

Activity: 308

Merit: 250

❃ CyberNick ❃

obviously fake exchange site.. how can bitcoin now around 516.8 USD?? its really scamming site..
do not trust this site.. never exchange it to paypal.. even they pay, it will make reversal payment for sure.

southafricadude

member

Activity: 141

Merit: 19

Just too risky to trade for paypal, not for me, sorry.

lolnabtc

member

Activity: 84

Merit: 10

any other payment method, paypal is not safe at all Sad

shintosai

hero member

Activity: 756

Merit: 500

it seems to risky but if luck comes trading here is so nice $37 is a good money but i'll think twice for now.. Roll Eyes

MaxTax

sr. member

Activity: 322

Merit: 250

I must honestly say that it is a good deal.
Because I think after that it will be worth more.
I also think that more people will change the future.

hawkins

hero member

Activity: 1204

Merit: 500

it was very nice to get $ 37 in an easy way, but this does not pose a risk to people who use paypal or bitcoin, because I think it's a little risky

coaltin

sr. member

Activity: 392

Merit: 250

wow what abou the risk fudyd?

sishendaoye

sr. member

Activity: 434

Merit: 250

It's Flashy okay. But I believe something else. Because I think it makes more sense if you're going to save it. You never know what might happen later.
So I think you should wait patiently and if it has a good value then you should sell it.

Laosai

sr. member

Activity: 462

Merit: 250

Quote from: john2231 on February 06, 2016, 07:27:08 AM

Instant $37 for trading in your site. You have no reputation here in this forum and i think this is another scam site.
So beware guys about this site don't trade on his site..

Well if arbitrage was so easy to put in place, everyone would do it and... Well it wouldn't last for long, that's the main point of arbitrage.

john2231

hero member

Activity: 924

Merit: 1001

Instant $37 for trading in your site. You have no reputation here in this forum and i think this is another scam site.
So beware guys about this site don't trade on his site..

Dracov

newbie

Activity: 58

Merit: 0

Arbitrage in the perfect market is not possible. So either its a scam, or ur possiblity to get that high of return is likely for a very short time period.

Digitalbitcoin

hero member

Activity: 1568

Merit: 502

Unbelievable !

Kindly don't get scammed in such websites that offer goods, trade, GHS for mining or exchange with bitcoin. Before taking such action kindly google it. make confirm about trust, security and authority.

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: Newcoins2020 on January 28, 2016, 08:34:55 AM

However using this kind of unknown exchanges... is even more riskier.

Yeah. That was kind of my point. A huge discrepancy in price is all you need to know that there's something seriously wrong with an exchange. The gap wouldn't exist otherwise. It would be wiped out very quickly if arbitrage was possible.

Newcoins2020

sr. member

Activity: 406

Merit: 250

Quote from: European Central Bank on January 28, 2016, 07:01:26 AM

Quote from: elizabethqueen on January 26, 2016, 01:40:06 PM

its really happen?there was exchange have different price $37?or it just scam?if tht really scam,i hpe this post deleted,because some newbie may interest to try.

There are some exchanges where the price is crazily different. That usually means there's a problem with it or there's no coins on the order book. You might be able to sell 0.1 bitcoins before there's no more money left. If the price was that different and the exchange had no problems then every single trader would be milking it until the difference was wiped out.

Arbitrage is a way to earn money yes.
But's it is very risky too. Just think about your coins confirming while the price is crashing?

However using this kind of unknown exchanges... is even more riskier.

European Central Bank

legendary

Activity: 1288

Merit: 1087

Quote from: elizabethqueen on January 26, 2016, 01:40:06 PM

its really happen?there was exchange have different price $37?or it just scam?if tht really scam,i hpe this post deleted,because some newbie may interest to try.

There are some exchanges where the price is crazily different. That usually means there's a problem with it or there's no coins on the order book. You might be able to sell 0.1 bitcoins before there's no more money left. If the price was that different and the exchange had no problems then every single trader would be milking it until the difference was wiped out.

elizabethqueen

sr. member

Activity: 252

Merit: 250

Quote from: thisisthis on January 13, 2016, 11:16:58 AM

Step 1 is to buy BTC with USD [from https://www.coinbase.com if you are able to, or somewhere where the price is similar to $429].

Step 2 is to sell those same BTC for paypal USD [at https://www.satelexchange.com].

So basically you can buy 1 BTC for $429 and sell it for $466. The profit is around $37 per BTC.

its really happen?there was exchange have different price $37?or it just scam?if tht really scam,i hpe this post deleted,because some newbie may interest to try.

Duomo

hero member

Activity: 588

Merit: 500

☃

Quote from: thisisthis on January 13, 2016, 11:16:58 AM

Step 1 is to buy BTC with USD [from https://www.coinbase.com if you are able to, or somewhere where the price is similar to $429].

Step 2 is to sell those same BTC for paypal USD [at https://www.satelexchange.com].

So basically you can buy 1 BTC for $429 and sell it for $466. The profit is around $37 per BTC.

You know how terrible you are with this? You didn't even type out a full contact address. It is just street address. Do you own a whole entire street in New Mexico? Grin

Ps. Upon further observation, it just list Cruces, New Mexico when the real name is Las Cruces, New Mexico.
Thank you for the laugh. Grin

You just made a really simple website with automatic generator that creates an address, *cough* yours, then you supposedly will fund the transaction to a specified paypal. Let's make the assumption this does occur, basically no one will conduct irreversible bitcoin transactions for your reversible paypal because you could "hence" pull the tied quarter on a string back from vending machine and still get a soda and get to keep your quarter.

Topic: Making around $37 per BTC with instant trading - page 7. (Read 16899 times)