Post
Topic
Board Currency exchange
Re: Look for arbitrage partners
by
yanshiba
on 10/01/2018, 16:32:15 UTC
do u known about any good results from same cyrcle ? i known that ppl tried many times with korea and without results

frankly say, sell bitcoins to korea is not a good idea.

I tried EUR->China, or China->Korea, or China->South Africa.
Korea and South Africa are diffcult to get money out.

I had buy bitcoins from Bitstamp and sell in China.
But wire transfer to Bitstamp would take long time. (over 2 weeks).

So, to balance profits and circle.
An Eur seller + China buyer are the best partners.

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Of cause, there are will be some scamer , eg: a chinese seller to bitcoins to an korea buyer, was lose 200K$.
link:https://bitcointalk.org/index.php?topic=2646457.0

so partners need to meet , face to face talk. and inform their ID/passport to each other.
Don't lie I am from South African and I know that it is very easy to get money out of SA, either by withdrawing or sending it outside to US/Europe or anywhere in the world. and the price difference is SA is around 17% and not 30%, where do you people get these stats your lying about?

price is reference from https://ice3x.com/(South Afraic) and https://bitstamp.net(EUR)
and I had take a trade with SA people once , time is 16/Dec

please look the tradeview , at the moment, bitcoins is  286000 Zar, = 22880$.
at the same time, bitstamp.net bitcoin price is 18000$,  27 % gap.
so, I say 30%, have problem?

Bitcoin market is change every day day hour, it does't had so much price gap today, this is normal.
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about transfer, A SA guys origin talk below
Quote
there will be Tax if the money comes to my bank account
but that can be overcome with invoices
Quote
People in SA are not used to sending money outside the country
the government does not make it easy
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I hope you don't judge other arbitrary.