Hey all!
So ive googled my butt off and watched tons of videos and i know the mechaincs of it... i even did it... but i went wrong somewhere and im trying to see where i messed up. Ill use random numbers but youll get the idea. heres what i did:
i had 800 xrp on gatehub which was trading at around .95usd at the time
on binance XRP was trading at the time at around 1.12usd
i transfer my 800 to binance and sold at 1.12 for around 928usd (in ethereum) which came out to like 1.31 eth at the time
i then sent the 1.31 eth to gatehub wallet so that i would be able to rebuy the xrp at .95 and the math should have worked out like this:
928usd(eth) X .95xrp which should have given me 976 xrp EXCEPT IT DIDNT!! i got 796 xrp! i lost 4 xrp in the trade and the fees werent tht hard...
so where did i go wrong? all help is appreciated it. id like to offer reward for anyone who gets me on the the right track and gets me amking money every trade!
thanks!
So ive googled my butt off and watched tons of videos and i know the mechaincs of it... i even did it... but i went wrong somewhere and im trying to see where i messed up. Ill use random numbers but youll get the idea. heres what i did:
i had 800 xrp on gatehub which was trading at around .95usd at the time
on binance XRP was trading at the time at around 1.12usd
i transfer my 800 to binance and sold at 1.12 for around 928usd (in ethereum) which came out to like 1.31 eth at the time
i then sent the 1.31 eth to gatehub wallet so that i would be able to rebuy the xrp at .95 and the math should have worked out like this:
928usd(eth) X .95xrp which should have given me 976 xrp EXCEPT IT DIDNT!! i got 796 xrp! i lost 4 xrp in the trade and the fees werent tht hard...
so where did i go wrong? all help is appreciated it. id like to offer reward for anyone who gets me on the the right track and gets me amking money every trade!
thanks!
Did it myself too you were not wrong it really makes sense and would have worked if Gatehub Fifth's ETH/XRP price wasn't so ridiculously low... Same goes for Gatehub Fifth USD,EUR,BTC and so on...Discard all the comments below this is where the problem is... The only way it would have worked would be if you were actually going for retirement and looking to cash out all your XRP you would definitely get alot more money by doing this from one of these exchanges where the XRP price difference lies within the .015# and up to .030# range upwards which is massive. I guess if it was possible there would already be bots engaging in this practice and Gatehub would have collapsed a while ago. I feel you man you should look at my face when i realised it myself
