Hello guys, So this is the second time I notice this. I seen someone yesterday buying token x with 20k usd then instantly sells the same amount of the token x for 20.1k usd, same second, nobody bought after him. I checked his contract and I noticed he made this so many times with so many tokens and he actually made good money with this. I know this has been talked before here, but how the hell is that possible? It is like he hacks smart contracts, which is not something that can be done!
Making money with trading bots on BSC?
- Thread starter zingua
- Start date
shuttershades
Senior Member
- Oct 26, 2013
- 909
- 515
There are bots, python scripts, web-based bots services, etc. All are using the Binance API. But no button moneymaker works 100℅.
You still have to configure your bot based on some math formulas, which usually are used on the stock market.
And about your example...maybe that guy didn't use any crypto bot, perhaps he traded based on crypto news, inside info, pump and dump scheme, etc
You still have to configure your bot based on some math formulas, which usually are used on the stock market.
And about your example...maybe that guy didn't use any crypto bot, perhaps he traded based on crypto news, inside info, pump and dump scheme, etc
he bought and sold at same second, nobody bought after him however he withdrawn more bnb vaalue than the rate he bought at, this is done in 1/100 second time so yea it is a bot
KungFuKata
Regular Member
- Jan 8, 2017
- 283
- 150
Its called crypto arbitrage, google it you will find out more.
SMMBros
Regular Member
- Feb 18, 2018
- 372
- 303
this is it. The one above me needs a BHW edition of “selected/helpful answer” system implemented on the forum just for him cause you’re really just two keyword google search away from an introduction to this stuff
You can ignore my two cents below as well.
You’ve got tons of software ready to use just for you and web based bots are a good way to start
This one’s a mess and I like the adrenaline fueled traditional method but god bless(!) dudes making a living and a confirmed killing with this especially brains moving like that creating these tools cause it’s definitely it
of course it’s not a monkey generator style money making machine but a smart hustle for sure like it or not
lol man this is not arbitrage
SMMBros
Regular Member
- Feb 18, 2018
- 372
- 303
Term wise you’re 100% right bro
But marketing wise there are binance bots as well since they’ll say anything to attract new clients
hit the search on awesomeopensource for keyword ‘arbitrage’ and you’ll find all you need. Binance bots included.
KungFuKata
Regular Member
- Jan 8, 2017
- 283
- 150
Buying coin for cheap and then sell same coin on different exchange for more, is an arbitrage.
- Feb 12, 2018
- 5,082
- 6,533
But they are not selling the coin on a different exchangeBuying coin for cheap and then sell same coin on different exchange for more, is an arbitrage.
You don't get it.
Bots-Scrapers
Elite Member
- Jan 2, 2014
- 4,041
- 1,078
There is watcher over API to see the behavior of the token and based on safety the trade happens. This is not safe all the time but is a good way to make some money. Be aware that it is unsafe as well.
PrincZ
Regular Member
- Apr 27, 2010
- 312
- 120
in seconds? so the price went up so he gain 2k? isnt there any fees incurred? weird
Chris Newman
BANNED
- Oct 13, 2018
- 6,868
- 6,032
It is not arbitrage. Arbitrage is taking advantage of price difference in 2 different platforms.
In this case buyer bought at pancakeswap and sold at pancakeswap.
bra08002602
Junior Member
- Jul 8, 2014
- 124
- 84
Flash loan or market making?
Chris Newman
BANNED
- Oct 13, 2018
- 6,868
- 6,032
I remember reading about OP"s mentioned technique in some website, I forgot where, but I do remember it involves some smart strategy to do with market making. That is all I remember. I the exact strategy involved, I cannot recollect.
no price wont go any high or low if nobody buy or sell after him, this is the thing, how can he withdraw more bnb vlaue than what he bought in just 1 second. also check this thread, he is talking about same thing :
https://www.blackhatworld.com/seo/g...er-and-makes-a-fortune-doing-nothing.1349488/
def not market making, but could be some sort of flash loans yea
Could you post the technique here maybe?
Chris Newman
BANNED
- Oct 13, 2018
- 6,868
- 6,032
