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
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
>>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.