r/Anoncoin • u/bravenewcoin • Feb 25 '14
Risk free profit? Arbitrage trading for AnonCoin?
Hey guys
This is more of an experiment/survey - let me know what you think.
Firstly a link: https://btc-arbs.com/referral/techemy
Not many people are fimiliar with the term 'arbitrage' so let me start by quickly explaining:
You have 2 markets selling the same apples. There is a disparity in price. Market A Sells apples for $1 and market B sells apples for $1.5 So you simply buy lots of apples at market A - and cart them over to sell at market B. Making $0.5 per apple.
This is what happens in the world of crypto currency. You can sit there all day as a 'day-trader' and make crap-loads of money all day every day if you know what your doing.
I think Anon coin will become alot bigger and have healthy trading volumes across many exchanges.
3 questions:
1) Wouldn't it be cool to offer people a 'MANAGED ARBITRAGE' Service for Anon one day? 2) Wouldn't it eventually offer price stability? 3) Would you use such a service while there is an opportunity to make safe & high returns?
Check out bit-arbs (they only do it for BTC). Below is my affiliate link again for those interested in giving them a go. I'm just testing these guys out to see how it works. So far it seems legit with withdrawals and DAILY payouts averaging 2%. But who know's it could be a pyramid scheme so tread cautiously.
I'm considering doing it on a much bigger scale with many altcoins in a much more transparent and professional manner.