Partner for abitrage is needed | Bitcointalksearch.org

densuj

legendary

Activity: 910

Merit: 1000

Quote from: Libin on May 30, 2016, 09:56:37 PM

Since the gap between CNY and the USD makets always appears/exsits, It is profitable to do arbitrage between these makets. So I‘m seeking for a long-term partner who is trading at btc-e or/and bitfinex or other USD-BTC makets. You'll buy btc in USD at a low price, and I'll sell it at high in CNY. Then I will exchange CNY to USD, and wire to you via my bank account in Hongkong. The total profit will be slit equally.
When the gap disappears, we will operate reversely to help some rich Chinese to trasfer their CNY asset offshore, and we will charge them a resonable fee.
The key of the partnership is trust, maybe starting with a escrow is a good idea.
Welcome to discusing any detail.

It is good idea, but we can use skrill or okpay as payment method when we make arbitase. And i can become your partners for next time. Feel free to PM me.

Mexicantrader

newbie

Activity: 53

Merit: 0

Hello,

Im interested in this.

You still asking for helP?

Good day

CraigWrightBTC

hero member

Activity: 518

Merit: 500

Quote from: Libin on June 01, 2016, 12:18:58 AM

Quote from: CraigWrightBTC on May 31, 2016, 11:06:00 PM

Quote from: Libin on May 31, 2016, 06:25:36 PM

no respons. so this is a bad idea?

no this is good idea but the problem there are not Chinese people who will arbitase. hope there are people will trade with you.

dude, i'm chinese myself. i need a western partner. Wink

Ok i am understand, i am sorry i think you are not from China.

immangrace

full member

Activity: 196

Merit: 100

The problem is in time delay and probably the BTC-e fees to deposit in it, by that time the correction has happened, unless the correction takes at least 24 hours in which case I doubt no one has already taken advantage of it.

Libin

full member

Activity: 137

Merit: 100

Quote from: CraigWrightBTC on May 31, 2016, 11:06:00 PM

Quote from: Libin on May 31, 2016, 06:25:36 PM

no respons. so this is a bad idea?

no this is good idea but the problem there are not Chinese people who will arbitase. hope there are people will trade with you.

dude, i'm chinese myself. i need a western partner. Wink

Libin

full member

Activity: 137

Merit: 100

Quote from: TheButterZone on May 31, 2016, 11:02:50 PM

Due to wire time delay, keeping it in a cycle would be difficult to time right with market movements, which is why I've been told this sort of arbitrage doesn't already exist to even out USD/BTC vs CNY/BTC.

Though if you have a counterparty billionaire with USD and a good lawyer, you could set up a deal sort of like mine where enough of their USD is used to buy up all BTC in a market order just below the level of CNY, then you get their BTC sold for CNY, do the forex, and send their mass profit split/USD wire return right away and see if the USD-only BTCers keep dumping their coins to keep the gap wide as the Grand Canyon, or it evens out for a while.

Time delay is another problem. I wonder if there is any way to deposit USD instantly (I mean in hours at least) at any USD-BTC maket?

CraigWrightBTC

hero member

Activity: 518

Merit: 500

Quote from: Libin on May 31, 2016, 06:25:36 PM

no respons. so this is a bad idea?

no this is good idea but the problem there are not Chinese people who will arbitase. hope there are people will trade with you.

TheButterZone

legendary

Activity: 3052

Merit: 1031

RIP Mommy

Due to wire time delay, keeping it in a cycle would be difficult to time right with market movements, which is why I've been told this sort of arbitrage doesn't already exist to even out USD/BTC vs CNY/BTC.

Though if you have a counterparty billionaire with USD and a good lawyer, you could set up a deal sort of like mine where enough of their USD is used to buy up all BTC in a market order just below the level of CNY, then you get their BTC sold for CNY, do the forex, and send their mass profit split/USD wire return right away and see if the USD-only BTCers keep dumping their coins to keep the gap wide as the Grand Canyon, or it evens out for a while.

Libin

full member

Activity: 137

Merit: 100

no respons. so this is a bad idea?

Libin

full member

Activity: 137

Merit: 100

Since the gap between CNY and the USD makets always appears/exsits, It is profitable to do arbitrage between these makets. So I‘m seeking for a long-term partner who is trading at btc-e or/and bitfinex or other USD-BTC makets. You'll buy btc in USD at a low price, and I'll sell it at high in CNY. Then I will exchange CNY to USD, and wire to you via my bank account in Hongkong. The total profit will be slit equally.
When the gap disappears, we will operate reversely to help some rich Chinese to trasfer their CNY asset offshore, and we will charge them a resonable fee.
The key of the partnership is trust, maybe starting with a escrow is a good idea.
Welcome to discusing any detail.

Topic: Partner for abitrage is needed (Read 654 times)