[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 22 KB, 460x400, 27056E5D-4021-4BE7-B8AB-E8DAB41A2D0C.jpg [View same] [iqdb] [saucenao] [google]
22440634 No.22440634 [Reply] [Original]

Can you theoretically just buy a stable coin when it dips around 98-99 cents then sell when it hits $1.01-1.02? Then repeat this process until you’re rich? If you’re investing with a large enough capital that 1-2% would add up over time. I feel like I’m retarded and there’s something I’m missing here though. Why would this not work?

>> No.22440658

fees

>> No.22440669

>>22440634
this would not work because one day its going to dump 50% and youre going to be left holding bags for months

>> No.22440678 [DELETED] 

>>22440634
1 HOUR LEFT on YEET ico.
Ultra low supply cap.
Yield farming.
Defi Degen Gambling
VCs and OGs holding
$4.20 snapshot price
$42 listing price

WHY ARENT YOU HOLDING
httpsYEETdotDANCE

>> No.22440680

>>22440634
After fees and taxes you'd need to make so many traders per year just to hit $1k profit.

>> No.22440693

>>22440634
yes OP youre the first person to figure this out, youre going to be rich! fucking dumbfaggot zoomer

>> No.22440707

>>22440669
>dollar stablecoins
>dump 50%

>> No.22440789
File: 113 KB, 780x1024, 1598162517156.jpg [View same] [iqdb] [saucenao] [google]
22440789

>> No.22440817

>>22440634
Theoretically yes, but bots already do this on a large scale so it's not particularly easy to do, and you need very large capital to make it worthwhile after fees

>> No.22440901

>>22440634
>>22440817
Look into flash loans.

>> No.22440919

>>22440789
I don't get this. USDC and sUSD are equal when trading between each other but ETH trades for more sUSD than USDc?

>> No.22440947

>>22440678
Paj-yeet

>> No.22440964

>>22440634
Yes, there are arbitrage bots doing this already

>> No.22440997

>>22440964
And somehow LINK holders think they are on the cutting-edge of some grand tech.

>> No.22441314

>>22440919
i think there was a diffrence in the price of eth among the two for a couple of minutes or less and the guy exploited this difference

>> No.22441369

>>22440789
This is an anomaly because someone bought >$15m ETH on uniswap that day

>> No.22441391

>>22440634
yup, theoretically you could.

>> No.22441415

>>22441314
Yeah, I remember this. Someone placed an ETH buy order for >$15m that day on uniswap which caused this opportunity

>> No.22441533

>>22440634

It doesn't work because if it's a good asset then you are better off holding, otherwise you'll miss the big green dildo.
If it's a shitty asset then you don't want to touch it because one day it will crash and you will be left with the bags.

tldr; if it's good; buy and hold, if it's shit; don't touch it.

>> No.22441566
File: 76 KB, 720x611, RSR chad.jpg [View same] [iqdb] [saucenao] [google]
22441566

>>22440634
Now imagine doing that automatically for a lifetime passive income. Welcome to RSR.

>> No.22441903
File: 70 KB, 684x1024, chad1.jpg [View same] [iqdb] [saucenao] [google]
22441903

>>22441566
Checked and based.

>> No.22441939

Stocks are better for this.

>> No.22441985

Yes, using flashloans, look at this txn
https://etherscan.io/tx/0xf7498a2546c3d70f49d83a2a5476fd9dcb6518100b2a731294d0d7b9f79f754a

>> No.22442045
File: 87 KB, 2354x1147, Reserve Protocol.png [View same] [iqdb] [saucenao] [google]
22442045

>> No.22442588

What do you think the people behind tether do?

>> No.22442622

>>22440634
People have been doing this for a decade moron