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so bitcoin is trading at a higher price in india than the us...

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Thread replies: 18
Thread images: 2

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so bitcoin is trading at a higher price in india than the us... how do I buy bitcoin here and sell there for the mad profits? do i need to open up an indian bank?
>>
might try buying 200 worth with localbitcoin tomorrow to get the low/no fee, and then what... sell it on india local bitcoin for a bank transfer? this seems so legit just need to avoid the fees possible, it's like a whole hundred dollars more there
>>
someone help meeeee
>>
>>1656075
>>1656079

Why ask on 4chan and give away what seems like a good business strategy when you could have googled it and gave away nothing?
>>
because hopefully someone can lead me through the steps and hopefully there's enough money for everyone, if you're doing this give me some hints lol seems so lucrative
>>
>>1656150
I just googled it and it gave me the answer you seek

try it out for yourself

thanks for the bitcoin tip
>>
>>1656157
tell mee i'm kinda getting it but still missing some crucial pieces blargh and yw
>>
>>1656177
give me a cut and I'll tell you

something small, 15%
>>
>>1656182
lol here's my temp phone # 9782673325 hmu
>>
>>1656069
Lrn2TriangleArbitrage you fucking slag
>>
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>>1656069
>>
>>1656069
How is this even possible?
Is it still profitable when you account for currency exchange fees?
>>
>>1656256
You have to trade via algo to actually take advantage of any sort of arbitrage opportunity since markets are so "self correcting" at such a high speed.
>>
>>1656271
Yeah, that's what I mean.
According to OP there is a huge arbitrage opportunity here on the order of $100. Is that even possible? I don't think it is.
>>
yea so i'm op, this is a great opportunity for anyone who is able to open an indian bank account and then transfer the money out it would seem... here's a silly link https://www.reddit.com/r/Bitcoin/comments/5ddsgn/bitcoin_buying_price_is_59k_on_unocoin_exchange/
>>
send them to me bro i send em back once there sold and keep 5%, very humble offer my friend could ask for alot more but just for you special deal
>>
>>1656075
yo money transfers from india is taxed crazy hard dude, family has done some business there in the last year.
>>
This definitely will not work, and anyone stupid enough to fall for it deserves what happens to them.
Thread posts: 18
Thread images: 2


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