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[JOURNEY] to $500 daily profit from crypto arbitrage

Discussion in 'My Journey Discussions' started by hokuspokus, Aug 19, 2018.

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  1. hokuspokus

    hokuspokus Regular Member

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    Hello all!

    Some story behind my choice to begin this journey:

    I have been sick for around 6 months, and have had much time just thinking what i could do to make a lot of money :smirk:

    Under this 6 month period i was not spending much money on different methods so i could save to the money i will be using in this journey of $2600

    Im very lazy and i like passive income :D

    Ok let's go........

    I invest my $2600 into a arbitrage bot that will earn 0.5% to 1% profit of my investment every day!

    That would meen around 25% of my investment back in profit every month, i will reinvest 100% of the profits which will meen im constantly increasing my daily profits.

    Day 1: $2600 profit $20

    Predictions:
    Day 1: $2600, estimated daily profit: $20.8
    Day 30: $3250, estimated daily profit: $26
    Day 60: $4160, estimated daily profit : $33
    Day 90: $5283, estimated daily profit : $42
    Day 120: $6710, estimated daily profit: $53
    Day 150: $8523, estimated daily profit : $68
    Day 180: $10824, estimated daily profit: $86

    After 180 days i will start to reinvest 50% and have a real good living for the rest of the profit :)

    Any ideas or questions?
     
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    Last edited by a moderator: Aug 21, 2018
  2. underachieved

    underachieved Jr. VIP Jr. VIP

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    Why use bot when you can day trade so easily and gain

    1 - 2 points every hour???

    Crypto is so violatile right now and is a ripe for short technical traders
     
  3. paja93

    paja93 Regular Member

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    Because bot is passive income and can be much more accurate in technical analyses. Day trading is not so easy and it requires time.
     
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  4. VisualKreators

    VisualKreators BANNED BANNED

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    were you invest those 2.6k you don't tell us
     
  5. paja93

    paja93 Regular Member

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    Bot trade with that money
     
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  6. hokuspokus

    hokuspokus Regular Member

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    Exactly as paja93 says, it's alot of work sending funds to different exchanges hoping the price stays the same, this way i just sit back with a cup of coffee and wait for the daily results :)
     
  7. proxified

    proxified Jr. VIP Jr. VIP Premium Member UnGagged Attendee

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    Just to give you a word of caution, working with bots in crypto has its pros and cons and its way too risky at times. I've seen people losing upto 70% in crypto trading with bot whether its based on arbitrage or just buying/selling. Yes not to mention people have been losing up to 95% when trading manually. :D

    Still its a matter of choice and I wish you good luck with it.
     
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  8. paja93

    paja93 Regular Member

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    Because some people are dumb. If you lose 95% with manual trading, you purchased some really horse shit coin(you should leave the crypto :D) and when you trade with bot, you set stop loss. Believe me, bot trading with good amount of money can be really profitable with almost no risks,with right configuration of course.
    I don't think he trade shit coins, i guess just good ones btc,eth,ltc,dash,neo etc... and of course, it's the best to trade with btc/altcoin pairs and not usd, so you only increase your btc balance and wait for bull.
     
  9. VisualKreators

    VisualKreators BANNED BANNED

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    How you do this bro i like to know cryptos are good investment nowdays
     
  10. hokuspokus

    hokuspokus Regular Member

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    Day 2: $2640.8
    Day 2 profit was 0.9% so i now have $2666
     
  11. PropertyGrow

    PropertyGrow Jr. VIP Jr. VIP

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  12. Universe0

    Universe0 Jr. VIP Jr. VIP

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    I used a private crypto bot that was using signals from telegram and i made a very good profit when the market was bullish.

    I have not used an arbitrage bot but from a couple conversations i had other trader i thought i was not profitable anymore.

    I am hoping you prove them wrong and have a huge success!
     
  13. th3darkknight

    th3darkknight Registered Member

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    Interesting, Good luck on your journey.
    Following.
     
  14. 55trillion

    55trillion Power Member

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    Good luck, Following.
     
  15. BitcoinAcademy

    BitcoinAcademy Newbie

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    Good luck, I'm interested in this as well. I had a stop loss set on zcl back before btcp for that totally failed. Dont put all your hope in stop losses.
     
  16. Jay Yadav

    Jay Yadav Jr. VIP Jr. VIP

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    Good Luck Mate!
     
  17. InstaBen

    InstaBen Jr. VIP Jr. VIP

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    Keep this updated interesting journey.
     
  18. Rosier

    Rosier Newbie

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    Good luck with this.

    Also a word of caution - if you are in control of the funds, fantastic - however if you have to send your funds to a third party to manage just be weary of potential shady activities from the third party.

    There are reputable third parties out there where you send your funds to, services or fund managers (ironically some really good ones stay anomalous).

    Just to clarify, bots you control or bots that only have your API (with good intentions) are generally ok... bots where you have to send your trading funds to rather than an exchange you have control on most of the time end up pretty bad.

    All the best regardless though !
     
  19. GT_Aggressor

    GT_Aggressor Newbie

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    Please... could somebody explain me what is the 'arbitrage'?
    Sorry for silly question, I am a noob in crypto.
     
  20. MSRP

    MSRP Regular Member

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    I do crypto trading for long time, however I never use bot, I prefer doing all analysis and trade manually. By the way good luck with your journey.
     
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