Post
Topic
Board Altcoin Discussion
Re: Best money making guide with altcoins
by
dyask
on 16/04/2014, 08:59:20 UTC
sorry for this bt when i started it was 200CNY which equals to approx 0.00006500 BTC
i sent this info last night to some users so may be they used this and bought and sold them there

but still its a good idea if you can get them at swisscexx at price of 1500-2000 satoshi

200 CNY is the ASK, but the BID is only 101 CNY.
yes but i written this guide last night and sent to few users who asked about this
and at that it was 200 CNY bid price and 250CNY ASK price
you can see trading history on their website

its still a good deal if you can get them at 1500-2000 satoshi


you buy 0.2BTC worth HTC at swisscex @ 1500 satoshi price and sell them on beedui @ 2500-2850 satoshi

it will make you 50-100% return in short time

No it isn't a good deal.  If you really want to successfully pull off an arbitrage trade you have to have the currency and coins already at the exchanges.  Then you buy and sell at the same time across the exchanges.   In this case you can't really do it well because there are 3 trades involved.   You also need more market depth, for example you can't really buy .2BTC worth of HTC at @ .000015 BTC, there isn't that much for sale.  

You might make gains with your route, but it is a very slow trade and with three trades you only have to have one thing move against you to lose.