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Showing 10 of 10 results by nextgenguy
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Board Trading Discussion
Re: Indian markets are leading with ~$400 gap. Arbitrage trading possibilities
by
nextgenguy
on 25/05/2017, 07:55:39 UTC
The price difference between the Indian trading platform and all other exchanges shows the emerging bitcoin market demand in India. Similar situation prevailed in India during the days of demonetization. May be Asian countries make advancement in the growth of digital currency by the coming days.
Yes India is in the list of those countries that are accepting and adopting the bitcoin rapidly. India being one of the top countries of the world in the field of the Information Technology have a great acceptance to the technological revolutions and I guess that after Japan India may be the next country to legalize the Bitcoin.

LOL. India will never legalize BTC.
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Board Trading Discussion
Re: Indian markets are leading with ~$400 gap. Arbitrage trading possibilities
by
nextgenguy
on 24/05/2017, 16:00:43 UTC
OK, the difference is about $700 now. But Im not able to find any source which will sell BTC at the actual rates. Someone please help me out here. I can sell these BTCs at the higher cost since I'm in India and I have a verified account. But I'm not able to acquire BTC at reasonable rates....
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Board Exchanges
Re: Alternatives to Poloniex
by
nextgenguy
on 23/05/2017, 13:43:56 UTC
Oh you were in it for those few seconds delays between trades and those profits?
Sad story but that's just how pumps and dumps work, btw poloniex is owned and operated by cia or is under their influence, meaning all your records

Is at their disposal with all past and future trades, transactions and all the activities, they are the ones pumping Ripple and Stellar just wait and see

How far they will pump them to try and surpass Bitcoin.

1-C-cex.com

2-Cryptopia

3-Bittrex

4-Yobit

Poloniex is run by CIA? Man you are really paranoid!  Tongue
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Board Exchanges
Topic OP
Alternatives to Poloniex
by
nextgenguy
on 23/05/2017, 12:39:20 UTC
I've been trading on Poloniex for months and not had any issues. But with the substantial increase in users, Poloniex is unusably slow to make trades. Rates are changing multiple times every second and it takes over 10 seconds to place my buy/sell bid. In those few seconds, the price has already changed and it is impossible to make a bid.

I am looking for alternative exchanges which has had a good track record and works without these delays. Also, it should work on mobile. Any suggestions? 
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Topic
Board Exchanges
Re: Creating multiple Poloniex accounts is possible?
by
nextgenguy
on 23/05/2017, 09:25:28 UTC
Ok, so right now I'm having one poloniex account in which I micro manage buy/sell multiple times a day. With a new account, I just want to invest in promising currencies and auto sell when it reaches particular goals. Also, I'll be checking it at least once a month minimum.

So I just want to know of Poloniex will block my accounts or I can just have two.
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Board Exchanges
Topic OP
Creating multiple Poloniex accounts is possible?
by
nextgenguy
on 23/05/2017, 06:37:42 UTC
I want to have a separate account for my long term investments. I'd invest in some coins here and forget about it. I want to know if creating multiple Poloniex accounts is possible or if it is against their T&C. I don't want my accounts to get blocked or frozen.
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Topic
Board Trading Discussion
Re: Indian markets are leading with ~$400 gap. Arbitrage trading possibilities
by
nextgenguy
on 21/05/2017, 07:35:39 UTC
Indian market unocoin sells bitcoins approximately for $2470 and we can sell there for $2380 and bitstamp is right now trading at $1985.
I did see people were arbitrage trading with Korean exchange some times back, now Indian exchange offers similar opportunity. Plan up to gain easy and sure-shot profits.
Thank for this information, many of us trading will do research on what you just post now and if there is probability of arbitrage trade. $400 different is enough to cover exchangers and banking fees. Indians also have a very wide opportunity for other bitcoin trading, like margin, buying and hold and sltcoins flipping.

Yeah, the difference is pretty good. But only Indian citizen can get account in places like Unocoin since they need government issued verification to buy/sell.

I have an Unocoin account, but I dont know where to buy BTC for the actual trading cost. Can someone help me with that? Some place that sells BTC for Paypal or Debit card for people in other countries and without much verifications.

There is a website called Virwox where people buy bitcoin with paypal. They actually buy Linden $ (SLL) and then sell it for Bitcoin. They charge high rates but but it´s worth it at the end if the gap is still so large. Another option is Localbitcoins but there sellers usually ask for many verifications.

LocalBitcoins is not an option since even they sell at these high costs. Tell me about this VirVox. Can you explain more? Im not able to find much about it.
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Topic
Board Trading Discussion
Re: Indian markets are leading with ~$400 gap. Arbitrage tarding possibilities
by
nextgenguy
on 21/05/2017, 07:26:48 UTC
Get stuck unverified with RupeesTether on an Indian exchange? Good luck.
Yeah, no kiddin'.  I never heard of this exchange, but I'm not in India so it doesn't surprise me.  And though the arbitrage opportunity sounds great, there's no way in hell I'd risk getting my funds stuck over in Asia just to make a few bucks.  Especially some unknown one like this.  But good luck to whoever does it, you're going to need it.
Yes people to share about different difficulties for arbitrage trading but I'm not talking about this particular India based opportunity, overall dealing with fiats might lead to long waiting/clearing verification process. But I do see Indian exchanges are providing such opportunity more frequently now a days.

Innovating any practical idea to make use of these price gaps definitely will be resulting in more beneficial to this community. I'm not expert in dealing with exchanges sommothly. Maybe some experience/professional traders may come with any working ideas.

Using these Indian exchanges is pretty much impossible for foreigners since they work with the government and all accounts are manually ID verified with thing thing called 'Aadhar' which is like social security numbers. If someone can work on a way of acquiring BTC at the actual selling price, I can work with them and make a profit. PM me if anyone is interested...
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Topic
Board Trading Discussion
Re: Indian markets are leading with ~$400 gap. Arbitrage trading possibilities
by
nextgenguy
on 20/05/2017, 08:30:44 UTC
Indian market unocoin sells bitcoins approximately for $2470 and we can sell there for $2380 and bitstamp is right now trading at $1985.
I did see people were arbitrage trading with Korean exchange some times back, now Indian exchange offers similar opportunity. Plan up to gain easy and sure-shot profits.
Thank for this information, many of us trading will do research on what you just post now and if there is probability of arbitrage trade. $400 different is enough to cover exchangers and banking fees. Indians also have a very wide opportunity for other bitcoin trading, like margin, buying and hold and sltcoins flipping.

Yeah, the difference is pretty good. But only Indian citizen can get account in places like Unocoin since they need government issued verification to buy/sell.

I have an Unocoin account, but I dont know where to buy BTC for the actual trading cost. Can someone help me with that? Some place that sells BTC for Paypal or Debit card for people in other countries and without much verifications.
Post
Topic
Board Trading Discussion
Re: Indian markets are leading with ~$400 gap. Arbitrage trading possibilities
by
nextgenguy
on 20/05/2017, 08:08:58 UTC
I'm from India and I can trade on Unocoin. Is there any place that accepts my Indian card to buy BTC on the actual rates? Can anyone help me on buying for Arbitrage trading?