Hi my name is redita. I bought my first bitcoin in 2012
This is my first post I and i want to share my trading experience
I get profit 3-5% per day on arbitrage trading.
I live in Indonesia where most of crypto currency price is higher than global market
The simplest arbitrage is buy cryptocurrency at bitfinex and sell it to Indodax.com
To compare crypto currency I use free tool from http://rumahkoin.com
I also trade between Indodax.com and gate.io
This is step by step arbitrage :
- Monitor price difference between Indodax.com and gate.io using this free tools from rumahkoin.com
https://rumahkoin.com/arbitrage-indodax-vs-gate-io/
Using that link above to decide what crypto currency to buy and sell.
Let me give example. Price wave when I write this article Wave at Indodax is cheaper than Gate.io so i will buy Wave at Indodax.com then send to Gate.io and sell it. I sell wave and get profit 2.6 %After that i buy stellar (XLM) at Gate.io and sell it at Indodax.com. I get profit 3.24 %
So the total profit is 5.84% minus fee that less than 1%
Price difference in Indonesia is quite higher than other country. In December 2017, Bitcoin is sold 30% higher than world market. That's why arbitrage trading is better for me than buy and hold strategy.
✅ @redstrawberry, let me be the first to welcome you to Steemit! Congratulations on making your first post! I gave you a $.03 vote! Would you be so kind as to follow me back in return?
Hello! It's nice to see you here!
Hello @redstrawberry. It's nice to see you here!
Welcome to Steemit @redstrawberry!
I wish you much success and hope you find Steemit to be as rewarding and informative as I have.
Yes, I love Crpto too! Lots of detailed analysis on my blog along with some predictions
Here are some links you might find useful.
Your stats on SteemNow
Your stats on SteemWorld
Your stats on SteemD
How to use Minnow Booster
How does Steemit actually work?
Introbot is hosted and managed with donations from @byColeman to help make your journey on Steemit be truly rewarding. Your feedback is always welcome so that we may improve this welcome message.
Oh yea, I have upvoted you and followed you. Many blessings from @introbot & @bycoleman
Thanks
Congratulations @redstrawberry! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPI do the same on Mexico. I get around the same gains on Bitso (https://bitso.com/?ref=grog). Cheers :D