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/biz/ - Business & Finance

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2570655 No.2570655 [Reply] [Original]

>buy on Junbi
>sell on Bittrex

Is this allowed?

>> No.2570664

>>2570655
Highly illegal, anon. DO NOT ATTEMPT

>> No.2570669

>>2570655
Transfer it to a wallet first. There is literally nothing they can do about it.

>> No.2570695

Thought you had to be a chinese citizen to register on their exchanges. If not then yes, although some exchanges dont like it

>> No.2570707

>>2570655
congrats, you invented arbitrage. go patent the idea before someone steals it.

fees and wait times will fuck you over, btw

>> No.2570737

>>2570707
Wait times can be eliminated if you know what you're doing.

Make an excel to work out fees and make sure you're still in a decent profit before the trade

>> No.2570844
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2570844

>>2570737
I literally don't need to care about that 0.2% fee if there is a difference of $1 each unit.
>>2570707
Why wait times tho. If I keep 0.2BTC in most exchanges I can react quickly and transfer them to the other exchange and sell it, can't I?

>> No.2570889

>>2570844
>BTC
>fast
Half an hour for the exchange to process your withdraw request, several hours for the transaction to be processed, meanwhile you can't react to the market.

>> No.2570901

>>2570664
> this isn't where the giant whales are coming from

Getting chinked, bois.

>> No.2571194

>>2570889
No. I mean having them ready in exchanges. Ready to buy altcoins. Like 0.2BTC on Bittrex, 0.2BTC on Polo, 0.2BTC on YoBit etc..

Once you see an opportunity you buy altcoin x on exchange A and transfer (altcoin x) to exchange B and sell them.

>> No.2571333

>>2571194
They've been buying ANS at under 250 on yunbi for at least 8 hours now. What's happening on bittrex is pure arbitrage. Not worth trading it on bittrex until it equalises.

>> No.2571437

If it's such a great fucking coin let's see the chinks start showing more interest in it. Otherwise it's nothing more than an elaborate chink pnd scam.