My mentor says he made 20k like this in 3 hours.
He did this because he is Korean and took advantage of the Kimchi Premium.
https://www.investopedia.com/terms/k/kimchi-premium.asp
The kimchi premium is the gap in cryptocurrency prices in South Korean exchanges compared to foreign exchanges. The kimchi premium is predominately seen in the price of the cryptocurrency bitcoin.
He would buy and sell between the US Exchange and the Korean exchange...
Now I have found a similar opportunity.
Using the App Coing and Coinarbitragebot.com I can find these different arbitrage opportunities between exchanges.
They use bots on all the various exchanges and record the price and take note of any percentage differences. They also record the buy/sell volume. Coing recommends only buying and selling coins with high volume of at least 10k.
Right now the price of Tron on Coinarbitragebot.com is 0.000001 on the exchange bkex and 0.00000183 on the exchange called liquid but the volume on liquid is to low (1,000) it would be better to sell at bitforex for 0.00000172, whose volume is (4 million)
This is a 45% profit on one trade alone. And its been this way for a couple days.
The System is simple buy low on one exchange and sell high on the next.
Please post your thoughts and your results in the comment section.
He did this because he is Korean and took advantage of the Kimchi Premium.
https://www.investopedia.com/terms/k/kimchi-premium.asp
The kimchi premium is the gap in cryptocurrency prices in South Korean exchanges compared to foreign exchanges. The kimchi premium is predominately seen in the price of the cryptocurrency bitcoin.
He would buy and sell between the US Exchange and the Korean exchange...
Now I have found a similar opportunity.
Using the App Coing and Coinarbitragebot.com I can find these different arbitrage opportunities between exchanges.
They use bots on all the various exchanges and record the price and take note of any percentage differences. They also record the buy/sell volume. Coing recommends only buying and selling coins with high volume of at least 10k.
Right now the price of Tron on Coinarbitragebot.com is 0.000001 on the exchange bkex and 0.00000183 on the exchange called liquid but the volume on liquid is to low (1,000) it would be better to sell at bitforex for 0.00000172, whose volume is (4 million)
This is a 45% profit on one trade alone. And its been this way for a couple days.
The System is simple buy low on one exchange and sell high on the next.
Please post your thoughts and your results in the comment section.
