Author

Topic: Profit with trading bitcoins (Read 872 times)

full member
Activity: 486
Merit: 101
October 06, 2014, 12:08:36 PM
#3
If i did the calculations and the math right, it should be something like this:

    Current situation for buying 1 btc:
    price at www.bitstamp.net : $318.93
    fee: 0.44% = $1.7
    total: $317.23


    Current situation for selling1 btc:
    price at www.portbitcoin.com : $328.95
    fee: $1
    bonus code BITRIP293 boost: 5% = $16.4
    total: $342.35


I think you forgot your calculator and don't know how works fees  Kiss

For first operation (buy), when you buy BTC with FIAT ($), fees are added to total cost, not deducted like you did.

For second operation (sell), your calcul is wrong. This is the right calcul (328.95-1+16.4=344.35).
In this case, we'll deduce fees from $ amount that we'll receive.

And last point, it's better to do calcul without any "bonus code" with her special condition...
There are lots of opportunity without need a coupon Wink

Please, edit your post with right calcul and right fees deduction Wink
newbie
Activity: 1
Merit: 0
October 06, 2014, 11:25:14 AM
#2
how long does that boost code lasts? as i read on the site it may be from those who are checked monthly?
member
Activity: 93
Merit: 10
October 06, 2014, 06:12:14 AM
#1
It seems that he arbitrage works even after the 30k wall on Bitstamp was broken.

As i made the math it seems that there would be at least $20 profit per btc, which is pretty decent i guess


EDIT:


If i did the calculations and the math right, it should be something like this:

    Current situation for buying 1 btc:
    price at www.bitstamp.net : $318.93
    fee: 0.44% = $1.7
    total: $317.23


    Current situation for selling1 btc:
    price at www.portbitcoin.com : $328.95
    fee: $1
    bonus code BITRIP293 boost: 5% = $16.4
    total: $342.35



Total profit per 1 BTC = $25.12
Total profit per 10 BTC = $250.12
and so on...
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