1. #1
    biggie12
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    Any crypto-currency traders here?

    I have been told you can arbitrage the smaller coins with different exchanges almost instantly ? has anyone been succesful doing this. ???

    Would love some information i know nothing about crypto but it seems like there is lots of money to made. I just don't understand it enough.


    Any forums dedicated to cryptos?
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  2. #2
    raiders72001
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    Quote Originally Posted by biggie12 View Post
    I have been told you can arbitrage the smaller coins with different exchanges almost instantly ? has anyone been succesful doing this. ???

    Would love some information i know nothing about crypto but it seems like there is lots of money to made. I just don't understand it enough.


    Any forums dedicated to cryptos?
    I started day trading cryptos in 2013. I took a lot of time off but I'm back in it because of the fluctuations that are occurring at this time. Chat rooms at BTC-e.com and Poloniex.com are fun to read.

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  3. #3
    Capitols44
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    Look guys its just B.S. just put ur money into crypto currencies and just ride the wave u dont have to trade at all. This stuff needs another 5 years or a financial clapse of the financial system to get main stream I would say only 1% of the worlds people can trade and be sucessful at it.And most of the people on these forums or even crypto forums are either selling when they should be buying or buying when they should be selling. There is just many banks wallstreet and billion dollar companies that are dealing with this currency now and they dont buy or sell at the same time. They do it with billions small amounts at a time not to be noticed in spurts. Like i said the people moving the market are not u and me it billions with a capitol B. I came into this stuff to early when it was in its infancy stages and got into a currency called e-gold and invested in hyips high yied investment programs which i did make some money but nothing to brag about but the currency pretty much went under because of the u.s. goverment. I really cant shouldnt tell u what to do because whats right for one investor may not be right for another. But good luck.

  4. #4
    raiders72001
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    Quote Originally Posted by Capitols44 View Post
    Look guys its just B.S. just put ur money into crypto currencies and just ride the wave u dont have to trade at all. This stuff needs another 5 years or a financial clapse of the financial system to get main stream I would say only 1% of the worlds people can trade and be sucessful at it.And most of the people on these forums or even crypto forums are either selling when they should be buying or buying when they should be selling. There is just many banks wallstreet and billion dollar companies that are dealing with this currency now and they dont buy or sell at the same time. They do it with billions small amounts at a time not to be noticed in spurts. Like i said the people moving the market are not u and me it billions with a capitol B. I came into this stuff to early when it was in its infancy stages and got into a currency called e-gold and invested in hyips high yied investment programs which i did make some money but nothing to brag about but the currency pretty much went under because of the u.s. goverment. I really cant shouldnt tell u what to do because whats right for one investor may not be right for another. But good luck.
    Now is the perfect time to be day trading because of the volatility. There are many exchanges and they all have different prices.
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  5. #5
    jjgold
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    why are there different prices at different places?

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  6. #6
    Optional
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    Quote Originally Posted by jjgold View Post
    why are there different prices at different places?
    No central system so each exchange is a discrete market. So just supply/demand levels at that moment at each exchange.

    The high costs of converting fiat currencies through the traditional banking system also means people using as a currency transfer method (like bettors) are generally tied to exchanges that operate local bank accounts in their currency, preventing them just switching to the best exchange rate easily.

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  7. #7
    biggie12
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    Fuk me hard with no lube. I can't get my penetrating kraken account up and running they take forever to fuckiin verify.


    this made me puke almost.

    Ethbits (ETB)


    $256.96 (11794.70%)
    0.08992980 BTC (10760.30%)
    up over 12k% in the last 24 hours FML

    i was going to buy in for around $50CAD
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  8. #8
    Otters27
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    Biggie Bitcoin has dropped $200 in an two hours.

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  9. #9
    Optional
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    Quote Originally Posted by Otters27 View Post
    Biggie Bitcoin has dropped $200 in an two hours.
    Nows the time we need this trader advice!

    Buy buy buy?

    Sell sell sell?

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  10. #10
    biggie12
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    Quote Originally Posted by Otters27 View Post
    Biggie Bitcoin has dropped $200 in an two hours.

    so what that happens everyday up and down.


    Otters look at ETHbits it was $1.25 yesterday its sitting at over $250 now. GreenCoin up over 900%


    i wanted ot buy greencoin but still waiting for the exchange to verify my account go figure.
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  11. #11
    mr.ed
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    Quick question...I sold bitcoin about an hour ago, and use Glidera and Airbitz. My sale price was $2800, yet I noticed via a real time quote that Bitcoin was $2875 at the time. Is this kind of spread standard when trading? Thanks!

  12. #12
    biggie12
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    Quote Originally Posted by mr.ed View Post
    Quick question...I sold bitcoin about an hour ago, and use Glidera and Airbitz. My sale price was $2800, yet I noticed via a real time quote that Bitcoin was $2875 at the time. Is this kind of spread standard when trading? Thanks!
    There is a fee that the exchanges charge but i cant confrim if its a standard rate you got or not. Im brand new, optional can probably answer your question better.
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  13. #13
    mr.ed
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    Quote Originally Posted by biggie12 View Post
    There is a fee that the exchanges charge but i cant confrim if its a standard rate you got or not. Im brand new, optional can probably answer your question better.
    Thanks, biggie. There was also a fee charged as well....think it is around 1%.

  14. #14
    Optional
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    Quote Originally Posted by mr.ed View Post
    Quick question...I sold bitcoin about an hour ago, and use Glidera and Airbitz. My sale price was $2800, yet I noticed via a real time quote that Bitcoin was $2875 at the time. Is this kind of spread standard when trading? Thanks!
    You are probably comparing it to one of the highest sell bids available. 1.3% spread would be higher than expected on most exchanges usually.

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  15. #15
    biggie12
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    optional how come Ethbit has risen over 1600% but does not have any volume. is there some kind of scam going on there or whats the story?
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  16. #16
    Optional
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    Quote Originally Posted by biggie12 View Post
    optional how come Ethbit has risen over 1600% but does not have any volume. is there some kind of scam going on there or whats the story?
    I don't know much about investing in alt coins Biggie. Just about the money transfer stuff really.

    Raiders might have a theory.

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  17. #17
    KalouKalou
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    This will not end well

  18. #18
    BarkingToad
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    Quote Originally Posted by Otters27 View Post
    Biggie Bitcoin has dropped $200 in an two hours.
    Jagoff Mark Cuban farted and tweeted Bitcoin was a bubble around that time. He also said in the past Bitcoin would never be accepted.
    All the cyber hacking and ransomware are being paid off in Bitcoin. All the big companies buy Bitcoin for security.

    Raiders, are there any cryptocurrency or Blockchain stocks you like? I bought some Gahc stock less than a couple of weeks ago since they have Blockchain patents.

  19. #19
    biggie12
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    Quote Originally Posted by Optional View Post
    I don't know much about investing in alt coins Biggie. Just about the money transfer stuff really.

    Raiders might have a theory.
    Okay thanks and i had a typo it was 16000% not 1600%.

    Raiders any idea why ?
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  20. #20
    RisingDough
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    Bitcoin #FTW

  21. #21
    MeanPeopleSuck
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    When there's a large spread between exchanges, if you know what you're doing, it's a license to print money.

    As an example, about 3 months ago Bitfinex got in a fight w/ US banking regulators which caused BTC to trade about $100 cheaper there than at Bitstamp. This lasted about a month. Everybody wanted to arbitrage, but "regular" people couldn't because moving fiat (dollars, euros, etc.) around fast is impossible, subject as it is to so many banking and money laundering laws.

    What they don't know, and what you DO now know, is there's a way around that problem. It's a coin called Tether and it's specifically designed to be 1 coin = $1. This coin can be moved using the blockchain, just as fast as BTC. So, the next time an arb opens between exchanges, do this:

    1. Simultaneously sell [X] BTC for dollars at the expensive exchange, while buying [X] BTC at the cheap place. Pocket the profit.

    2. At the expensive place, exchange your dollars for Tethers. Remember, these are always 1=1, sometimes give or take a penny. https://coinmarketcap.com/assets/tether/

    3. Use the blockchain to send your Tethers to the cheap place, while you send your BTC to the expensive place. This takes an hour or so.

    4. When the Tethers arrive at the cheap place, exchange them for dollars, on the usual 1 to 1 rate.

    5. You're ready to do it again: sell [X] BTC at the expensive place and buy [X] BTC at the cheap place. Pocket the new profit.

    6. Repeat until rich.

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