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Bitcoin Arbitrage. Too good to be true? Using Dollars and South African Rands

149 ratings | 34858 views
Theoretically you could make millions after 3 clicks. Convert Rands to Dollars, Dollars to Bitcoin and Bitcoin back to Rands using these three sites and you have a potential arbitrage opportunity: https://bitx.co/in/za/en/market/XBTZAR http://www.travelex.co.za/ https://exchange.coinbase.com/ BIG DISCLAIMER!!! There might be other Risks!!! Do your own research before doing this!!! This is just an educational video!!! I repeat, just educational!!!
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Text Comments (103)
Chan 300076 (9 months ago)
do you have a link for that worksheet its really tiny... i would appreciate if you have a link for that... thanks...
That Car Guy (9 months ago)
Arbitrage app that helps accross exchanges https://itunes.apple.com/us/app/bitcoin-price-calculator/id1315298877
Mohamed Alameri (9 months ago)
Wolter Bijker (10 months ago)
cryptoarb.co.za list these in real time
Leaveusalone (10 months ago)
Mas Jenaka Antoni (10 months ago)
arbitrage needs big deposit and you must compare one market to another markets but this is easier with tool provided at globalfinancialmarketwatch,com
Gustav Kriel (1 year ago)
Hi MJ, I watched your videos on Youtube.. very interesting. I have a crypto trading bot that is yielding good results but want to develop more trading bots. There is a huge market for trading bots. Kindly let me know if you would like to become involved in a project like this
DEN (1 year ago)
there is still a free service to search for arbitration on btc. 5 exchanges, search by amount, transfer fees are taken into account. Earn! http://arbitragiste . com/
Otavio Nielsen (1 year ago)
Best arbitrage app is CryptoArb. Download at https://play.google.com/store/apps/details?id=br.com.jns.btcmonitor
Kelly Morales (1 year ago)
Visit Acorns at https://acorns.com/invite/GSYZVB right now plus save your money while investing simultaneously
Crypto Currency Auto-Arbitrage between 6 exchanges: https://arbidex-promo.com/login?004128f4f72ec035f9180189046a6565207d60eeed7e7dea727c49c0031d321d
S (1 year ago)
Yes! Free Signals Free trial trading bot: https://www.cryptohopper.com/?atid=75
Aaron Mehdizadeh (1 year ago)
looking to partner with someone in south Africa: split commisions
Mity skill (9 months ago)
sbo dlamini Looking for partnership. Nigerian/American so I get the added benefit of having an ngn luno account. BTC is much cheaper over here compared to South Africa
bonginkosi mrjones (1 year ago)
I'd like to partner with you as well, I have a luno wallet
sbo dlamini (1 year ago)
check if the number is correct or send me email [email protected]gmail.com
Aaron Mehdizadeh (1 year ago)
sbo dlamini 7326105841
9ct Tv (1 year ago)
9ct Tv (1 year ago)
aNkh0r (1 year ago)
There is a Telegram bot that actually does that for you. You can find it here. You can invest bitcoins and it pays you a daily 6% interest. Directly to bot https://t.me/GlobalTradingRobot?start=7i2eg2 Through the bot's website https://globaltrading.me/?start=7i2eg2
S (1 year ago)
Big Profits Free Signals Sign up: https://www.cryptohopper.com/?atid=75
BTEXPORT Export (1 year ago)
if you one btc in Europe and change it in Turkey at the same time, the difference in one btc is around 3000$.it was 1500$ but now it is very high
Biticoin Brasil (1 year ago)
Hello, we are from Brazil and we are interested in partnering with people from Zimbabwe to send Biticoin. Interested send an email to [email protected]
pierre badenhorst (1 year ago)
first rule of every arbitrage, never tell a soul ... was good while it lasted
Michael Carter (1 year ago)
The element of risk is the time lag it takes a person to buy and sell bitcoin. If only there was an option or future contract for bitcoin. Instead, it is better to take advantage of the changes in market value of different cryptocurrencies which could be modelled utilising derivatives.
Michael Carter (1 year ago)
Remember don't try this at home kids.... Instead, go to a friend's place.
Stanman121 (1 year ago)
Did anybody actually participate in the Qash ICO ? :)
should've kept the Bitcoin @ $400 :)
filemonek123 (1 year ago)
is it possible tohave ZAR wallet on luno when not living in south africa?
Aaron Mehdizadeh (1 year ago)
did you figure anything out?
Aaron Mehdizadeh (1 year ago)
same question
Alex Lucashewich (1 year ago)
Indeed, you can sell Bitcoin in South African exchange for USD/EUR if you are US/EU resident. Unfortunatelly you can't sell Bitcoin in South African exchange for ZAR and then transfer ZAR to your US/EU based bank. You will need first to have a bank account in South Africa or a good friend living there with an bank account. In any case if you even will have the oportunity to do that, then the price of Bitcoin on SA exchange will drop, cause supply will grow,, and sooner or later the price will be same as on EU/US exchanges.
goodboy Maky (1 year ago)
did you try this trade already ?
Thrifty Points (1 year ago)
Smashing it as alway MJ, great to watch.
Mark Louis (1 year ago)
Email me directly via [email protected] let us show you how to make over 6.78BTC mining profit before the end of every 24 hours with just $250 through our automatic hardware hash rate network system. 2)Anyone who is not investing in Cryptocurrencies now is missing a tremendous opportunity because Bitcoin price will hit $250,000 by 2020 if 7 years trend continues, I can teach & guide you on how to use the Arbitrage strategy to profit greatly on Bitcoins, email me directly via [email protected] my strategies and system is free of cost, no hidden charges.
REIMY R (1 year ago)
This Arbitrage BOT solves the problem by automating the process of finding arbitrage opportunities across 50 over exchanges at the same time, all you have to do is fund your favourite wallet and bot will set the pairs which are associated with your funded crypto currency. This BOT will automatically scan all the exchanges which is registered with them and extracts the best buy and sell price which produces an arbitrage situation .The profits will be shown in your account statement immediately after the arbitrage execution.I give a 5 star rating for this BOT Visit www.arbitragecoins.com
Pratham Patel (1 year ago)
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Manjeet Singh (1 year ago)
i wanna join bitpetite and bitconnect .. please gimme ur referal. i wanna invest a only a little abt $1000 000 000 000 000 000 000 000 000 000 .. thank you
Bradz (1 year ago)
It "Is" too Good to be true..lol
You can be convinced. There is an opportunity to test 1 day free of charge. Also you will understand as the boat works
money maker (1 year ago)
can it be done??...yes or no ?and if so could some1 please show me how i would be very greatfull,thank you.
Gorb Locke (1 year ago)
from where can i buy 412 dollar per bitcoin. Im willing to pay $500
This video was created when the bitcoin price was $412, it is no longer that price
MattTR (1 year ago)
These opportunities are around us all the time, but a lot of people don't test them out like you did :) For example, sometimes I use a VPN from the U.S. to purchase EA games from their Mexico mirror site and always get a nice $20 or more discount on a $60 game. The games usually come down in price after a while anyway, so it's great to get that discount up front.
Franklyn Anyanwu (1 year ago)
MattTR can you show me how to also profit from EA Sport like you? Will be glad if you do
Roman Zaborowski (1 year ago)
BTC price differences in USD on world exchanges (and they are already over 800) exceeds often 10% at the same time. Do you want to see it? Write: [email protected] Same thing on other cryptocoins. True arbitrage is, however, simultaneous sale and purchase of the same good at the same time at different prices, which generates a profit at all without risk. This will be able to do for you robot SAS. See: https://youtu.be/TNsL81qk7Ao You can buy the right amount of trades. Interested? Write: [email protected]
Crypto Caffeine (2 years ago)
Awesome video...I created an arbitrage tool that did this against all exchanges doing the currency method. Your video is the first video I have seen explaining it. Great work. If you are interested in checking out my arbitrage tool that uses currency conversions against bitcoin buying opportunities check out my channel and look for a video called bitcoin arbitrage.
MAJOR (2 years ago)
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Carter (2 years ago)
You're neglecting fees. A spreadsheet is not the real world.
Chasar (10 months ago)
Only idiots bring up fees when youre making thousands per trade.
Everyone starts with a table, but if you want to speed up this process - use bots for trading. They will make your life much easier and increase your profit!
Michael Moime (1 year ago)
MJ this 20% is driving me insane please make another video just to highlight all the important points again (except the fees, I'm pretty sure we all get that part!), this video in my opinion was quite ahead of its time. Thanks in advance. Mike
MJ the Fellow Actuary (2 years ago)
earlier this month the spread spiked at 20%. so even after fees the profit opportunity was still viable. but you 100% correct, you must always consider fees and other friction costs before jumping into these sort of things
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Naadir Dawood (2 years ago)
I messed around with ZAR15 https://youtu.be/IzcN7yuoErU
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Dewald de Vlamingh (2 years ago)
Thanks buddy (Sarcastic)!!! You ruined it for everyone that is smart enough to figure it out by themselves! The market is so small in SA & you are ruining it for the guys who figured it out years before you! It's like finding a map to the garden of Eden & publishing it on the web! Not cool man, not cool at all!
empbac (1 year ago)
Oh shut up Dewald. Cry me a fucking river. If you're so clever, go figure out something else and stay ahead of the herd. Can't coast on past accomplishments forever.
Dewald de Vlamingh (2 years ago)
Good luck getting past the R1mil discretionary allowance....
Dewald de Vlamingh (2 years ago)
The garden of Eden would be destroyed if everyone knew where it was... You would not be lonely cause there would be others smart enough to reach it... Anyway, thanks for blowing my income, use to make 20% per trade, now it's nearly impossible to make a decent buck.
MJ the Fellow Actuary (2 years ago)
Why hide the truth? The garden of Eden would be lonely if you were the only one there. Never cover up knowledge.
Tiago Conrado (2 years ago)
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Heather Smith (2 years ago)
I want to do this!
Mahlatse Maraba (2 years ago)
From the 14 rand you made there's is still exchange charges that you have to account for so you end up even making less, have tried this a year ago
For example, there are bots that take into account all costs - Commission of exchanges in the translation in the exchange and removal from exchanges. At the same time send notifications about the gap between courses. They sometimes reach 10% and this is taking into account all the costs!
Mahlatse Maraba (2 years ago)
+MJ the Student Actuary the percentage is fixed and applied on the amount of your trade
MJ the Fellow Actuary (2 years ago)
it's unfortunate that the fees are so high and that there are withdraw fees!
Mahlatse Maraba (2 years ago)
+MJ the Student Actuary and also there's withdrawal fees😁 to account for
Mahlatse Maraba (2 years ago)
+MJ the Student Actuary bitx charges 1% per buy trade, altcointrader charges 0.8% per buy buy trade.
sibusiso bila (2 years ago)
MJ have you tried this method and has it worked for you?
Garth Wilson (3 years ago)
Arbitrage is good using this methodology but only works with amounts in excess of R 10 000 (marginal gains); real gains start at around R 100 000. This is as a result of all the bank & trading fees involved. There is also this little thing called Exchange Control, so you have to convert & transfer through an authorised Forex dealer who will report the amount to the SARB as part of your allowance. The problem now arises that when you sell your BTC back into Rand, you cannot show this as a repatriation of the Forex...this is because BTC according to the SARB is not a currency (means of exchange) or an asset...so you only have R1m to play with (without SARS clearance) and R10m (with SARS clearance) in a financial year...effect explained a little way down.... Now there is also this thing called timing...a SWIFT transfer takes about 3 to 4 days to get to the offshore destination where you can almost instantly by BTC (using a credit card is ill-advised and wipes another 5% off your Capex). Now there is the liquidity issue for BTC in SA...to sell large volumes (say 20 BTC or more) on BitX takes between a day and 3 days to sell. So, give or take, a cycle will take around 10 days...c3 trades a month (note that there are ways to lock in the price of $ BTC and R BTC at almost the same timing so your pricing is not necessarily 10 days apart). Now comes the fun part (assuming no SARB exchange control)...take R 100 000 on a loop, capitalising on each cycle...on average you can make around 7% per cycle or 23% per month. But the compounding effect kicks in rapidly...after a year you will have cycled over R 19m with a profit of around R1.4m... Now what bank out there is giving an annual return of 1300%?
Hein Aggenbag (2 months ago)
Currently, R/EUR/BTC/R is working great. Not as good as your description, but VERY good as a little "evening" job with low risk.
kalahariskydive (1 year ago)
Nice. Here's my question: So I want to buy 'cheap' bitcoins on a USA exchange and then sell them on Luno (at a profit) - This means I'll have to somehow get Dollars onto the US exchange and buy it there, meaning I'll have to have a US bank account, right?
kalahariskydive (1 year ago)
Also you would need a US bank account to buy btc on a foreign exchange?
Luke DO (1 year ago)
hey mate, what strategies are there to lock in my prices? thanks you
Mr Mills (3 years ago)
Hi Great video on the Arbitrade Btw ! I would like to know if I can make Bitcoin Arbitrage from Canada..
Rodriguez Stark (3 years ago)
This is bitx last trade (11:41 6,722 4.289200) Does that mean that someone bought 1 BTC for 6722 zar?! If so, did someone actully buy a bitcoin for 459.948 $`?! Does that mean you can go ahead and purchase for example, 1 bitcoin from BTC-E for the price of 425.00 $ and then sell it on bitx for 459,94 $?!
Rodriguez Stark (3 years ago)
@Jacob Trowbridge BTC-E's deposit rates are too high in order to generate any profit of arbitrage in any way.
Rodriguez Stark (3 years ago)
Are you arbitraging bitcoin?
MJ the Fellow Actuary (3 years ago)
@Rodriguez Stark market forces will squeeze the arbitrage opportunity out in time. If an asset is undervalued, people buy it, this causes demand pressure and the price rises.
Rodriguez Stark (3 years ago)
+MJ the Student Actuary What u mean close out soon?
MJ the Fellow Actuary (3 years ago)
nope. I think the liquidity risk is the reason why it's profitable. also it might close out soon.
Rodriguez Stark (3 years ago)
Well you loose when btc goes from the current value to 0..
empbac (1 year ago)
Oh NO!! The value went to 0! We're doomed! :p
Garth Wilson (3 years ago)
Sadly, the skeptic who hesitates on a good thing is always the loser...do some research and give it a bash...start small with $25 in BTC and play around with it. There is no need for you to have any debt and no need for you to be controlled... This technology is so disruptive that you can take yourself and your family to financial freedom fast and leave a fantastic legacy for your generations to follow...
MJ the Fellow Actuary (3 years ago)
haha I don't think it will ever go to zero
Simon Lapointe (3 years ago)
Very interesting... Could that mean that bitcoin arbitrage (or with cryptocurrenciee in general) is relatively new to finance, and it hasn't been quite detected yet? Could that be caused by the fact that bitcoin and actual official currencies are not dependant enough from one another? By the way, cryptocurrencies seem to be a very new yet important aspect of finance... Keep up the good work!
The possibility of arbitration is caused by the fact that the cryptocurrency is very changeable, and courses at the different exchanges not always manage to change and become identical, thus we have developed the boat which catches the "holes" existing for 20-40 hours and an opportunity to make the arbitration transaction to 20-30%
MJ the Fellow Actuary (3 years ago)
+Simon Lapointe Yes they are calling this new technology disruptive as it will remove the need for Banks and other big Financial Institution. But it will only happen in the future when the majority of people start adopting it.
Christina Novi (3 years ago)
Excellent thought yet risky as you said -e.g. the market is dynamic by the time you trade the price may have changed already! ;)
There are bots for that. They minimize your risks and regularly send signals for trading. Therefore, you can earn up to 10% from a single trade.
MJ the Fellow Actuary (3 years ago)
+Christina Novi Yes! Also liquidity might be an issue, you are not going to be able to sell your Bitcoin as quickly as you can sell the fiat currencies.
Taylor Letsoaka (3 years ago)
hahahaha nice. Too broke to try this :(. Thanks for sharing though

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