Quote from: Grinder on June 14, 2014, 07:15:13 AM

Quote from: sunny1 on June 14, 2014, 06:42:59 AM

Where did you went to school??? People are currently receiving about 80% on a 4 month term. If we repeat this over a year that makes 3 terms and about 240%, what is reasonable in the current bitcoin environment. Was the other day in a skype group and people told me they make much more with other Bitcoin related ventures.

You don't have to wait before you reinvest the profits. If you did this every time they pay and assume there are about 240 of their trading days in a year and they pay just 1% every time, you get a profit of 1.01^240 ~ 10.9 or about 990% profit in a year. As for your skype claim, most likely either you or they are lying.

Reinvesting income here seems not so prudent, at least until one has recovered his initial investment or is ready to lose it. That's my tactic at least.

About insane profits in the bitcoinsphere one may cite the Asicminer case, gone from 0.1 btc/share at the IPO to 4.6+ btc/share at the top last summer (that is a 46-bagger or 4600% yoy in appreciation not counting the crazy high dividends it paid in the meanwhile), and now back to 0.25 paying nothing but ready for another pump.

Profitable arbitration day in/day out seems not so hard to believe given the relatively stable price differences between some major exchanges. I'm just finding strange that when such differences are increasing like in the last few days the bitcoin-trader payout is decreasing.