So who made this easy arbitrage today on BTC/USD/USDT?
I was asleep as it didnt happen on usual price runs so ive missed - lets hear your success stories.
If you are not aware - you could buy BTC at ie Binance and sell on Bitfinex with over 20% profit and it lasted for enough time for everyone to take part of.
Later if you are verified you could send USDT back - rinse and repeat. If not, you would have to wait few hours for prices to even out (like now).
This was also going on other USD pairs ie ETH but BTC was fastest and biggest to make money.
So who of you guys drinks and eats for free this week or maybe buys a house ? :)
BFX Markets
If you missed this but dont want too next time, here is few things to keep in mind.
- BitFinex opened registrations with invite links (sure use it) BUT you have to deposit 10k USD worth of coins for them to activate acc.
- Loads of people claim USDT to not be backed 1:1 by USD and exchange to be insolvent
- Only deposit what you can risk to lose
I personally had no issues withdrawin of there anything but i did take many coins out lately.
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High risk arbitrage play. Tether congestion was high and if you got stuck in Tether if/when the news breaks you could lose your whole stake.
Good luck to anyone ballsy enough to make this play, but for me there are definatelely safer plays.
I was online while it happened. I didn't do anything because it was a really weird situation. But looking back at it. I should have done something. Now im sitting here without any profit :D
haha what a shame :)
Bitcoin is having more chance to raise again in coming days. Hope we can see $14k for this X-mas season because of new investors will enter again like previous years.
Didn't people do the same on mtgox? Risky messing with non-collateralized assets.
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i dont have much money.. haha