Post
Topic
Board Service Discussion
Re: Bitcoin arbitrage
by
gopnik
on 27/01/2018, 10:23:18 UTC
Thanks Magneto, I have tried it a little yes and accumulating bitcoin rather than fiat. I'm in a position where i can give it a practice run and see, so I might do a sort of research blog on it for the results. Should be fun, I'll let you know how it goes.


your strategy is flawed imo

accumulating bitcoins or eth is like keeping your money in venezuelian bolivar
it could be worth nothing later this year and has shown 35% inflation in just 1 month and a half

you get richer in BTC but poorer or stay even in fiat, so what's the point of what you're doing
you should dump btc and base your equity in euro (near zero inflation) at least for now

btw if you look at the charts, bitcoin was just like a massive pump and dump scheme and it looks like it is headed back to where it was earlier in 2016/17 until the next one; if there is any

so i wouldn't bet on it expecially given the massive threat of government crackdown this year