[ 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: 67 KB, 521x697, 1486833404117.jpg [View same] [iqdb] [saucenao] [google]
6915328 No.6915328 [Reply] [Original]

It seems like if you buy TEL for 0.000005 ETH, you can immediately sell it back for 0.0000053 BTC which is ~10% higher(both prices market price)
Is this for real or am I retarded?

>> No.6915348

ye do it

>> No.6915377

>>6915328
That is one evil dog.

>> No.6915392

It's called arbitrage, it works.

>> No.6915411

>>6915328
Both pairs in kucoin btw

>> No.6915477

>>6915411
Then do it. You'll make some money out of it. Bots are doing it all the time.

>> No.6915507

>>6915477
I just did without noticing a few minutes ago. Is there any catch?

>> No.6915512

>>6915328
post results

>> No.6915517

>>6915328
Congratulations, don't forget about us now when you make it :')

>> No.6915558

>>6915328
Good luck getting tel for that price on a consistent basis

This shit is crashing anyways u will prob just end up selling for less

>> No.6915560

>>6915512
>>6915517
Feel like im being mocked. What am i missing?

>> No.6915585

>>6915507
Yeah the catch is u get fucked when the floor falls out from a completely overpriced shitcoin.

>> No.6915597

>>6915507
No catch, you just risk being beaten to it by bots but if it's on the same exchange the risk is basically zero. You cannot do this indefinitely, of course, since the prices will balance. Congrats on the free money.

>> No.6915613
File: 18 KB, 480x269, 1382699985220.jpg [View same] [iqdb] [saucenao] [google]
6915613

>>6915560
BTC is more worth than ETH.

>> No.6915617

>>6915560
Missing the fact that it’s just another gamble and it will eventually fuck u big time. Tel will be in the 40 satoshi range by nightfall

>> No.6915618

>>6915560
Really please post screenshot I'm interested

>> No.6915629

>>6915585
It is already extremely cheap. The cheapest in kucoin. Could the price really dump lower? At some point it at least becomes an ez p&d right?

>> No.6915636

>>6915617
You stupid retard, he bought TEL and then SOLD IT at a higher price. It doesn't matter if he bought actual dog shit, he still made money.

>> No.6915651

>>6915629
Cheapness has nothing to do with it when there are a trillion tokens and it already has a huge market cap

>> No.6915716

>>6915651
>>6915617
>>6915597
>>6915558
Guess I will just leave it alone then. I thought it would be nice to have a couple thousand since it was low and literally the cheapest.

>> No.6915860

>>6915636
Have you seen the sell walls? If you can get some now for the lower ETH price, good for you! However if we all cling to that price some whale will just dump it all on us and drastically affect the btc price as well.
The ETH sats gap is as huge as 17%, a sale on over 100 million TEL on ETH side will affect BTC as well

>> No.6915892

>>6915507
>Is there any catch?
Exchanges normally have an internal bot that does these triangular arbitrage trades automatically before you can do them.