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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
Confirmed User
Industry Role:
Join Date: Apr 2012
Location: Canada
Posts: 470
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Bitcoin (Will this work?)
Hey, yes another bitcoin thread lol.
just putting this idea out there to see if it holds up, pick it to pieces to find any flaws. The USD bitcoin exchange mtgox has the current value of 1 BTC at $92 ![]() while the new zealand exchange has got 1 BTC for $140+ ![]() the current exchange rate from nz to usd is NZ $1 = USD 0.87 So buying a bitcoin on MtGox for $92 and selling it at the new zealand exchange for $140+ then transferring the $140 back into usd would net roughly a $30 profit on each coin. ![]() The transfer fees between accounts is barely 0.0006 BTC, which is nothing. Let me know if i have overlooked anything or you have any ideas or comments. Currently i have signed up to a new zealand exchange and about to transfer some BTC to sell.
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_______________________________________________ Onliance Resident Ginger | RBC Member | AppDev. Irc.Rizon.net #GFY |
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#2 |
Too lazy to set a custom title
Industry Role:
Join Date: Jul 2001
Posts: 59,204
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Well how about you tell us if it works
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#3 |
Too lazy to set a custom title
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Join Date: Jul 2001
Posts: 59,204
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Where can one trade NZ coins?
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#4 |
Too lazy to set a custom title
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Join Date: Jul 2005
Posts: 10,057
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#5 |
Too lazy to set a custom title
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Join Date: Jul 2001
Posts: 59,204
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#6 |
Confirmed User
Industry Role:
Join Date: Apr 2012
Location: Canada
Posts: 470
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yeah 1 BTC is 1 BTC everywhere but the price for that 1 BTC is different for various locations.
Dirty F https://bitnz.com/ looks like to cash out i may need a NZ bank account. :/ i have friends over in NZ that might create an addon account for me. I guess thats one hurdle so far. i think also Mtgox has a NZ section too.
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_______________________________________________ Onliance Resident Ginger | RBC Member | AppDev. Irc.Rizon.net #GFY |
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#8 | |
Too lazy to set a custom title
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Join Date: Jul 2001
Posts: 59,204
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Quote:
But still, it sounds too easy and good to be true. But who knows. |
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#9 | |
Too lazy to set a custom title
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Join Date: Jul 2005
Posts: 10,057
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Quote:
Yeah I understand what you're trying to do.. like sports book arbitrage sort of http://en.wikipedia.org/wiki/Arbitrage |
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#10 | |
Confirmed User
Industry Role:
Join Date: Apr 2012
Location: Canada
Posts: 470
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Quote:
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_______________________________________________ Onliance Resident Ginger | RBC Member | AppDev. Irc.Rizon.net #GFY |
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#11 |
Too lazy to set a custom title
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Join Date: Jul 2005
Posts: 10,057
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Man.. I remember IRC from the old days
Watch out for IRCops .. ha ha ha |
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#12 |
Too lazy to set a custom title
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Join Date: Jul 2005
Posts: 10,057
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Wow! mIRC still exists!!! http://www.mirc.co.uk/
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#14 |
Fake Nick 1.0
Industry Role:
Join Date: Oct 2005
Location: Rent free, your head
Posts: 27,655
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![]() Remember many years ago when IRC bots would blow most gfy'ers mind.
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PLEASE WAIT WHILE BIDEN ADMIN UNINSTALLS ITSELF..... ██████████████████▒ 99.5% complete. |
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#15 | |
Barterer
Industry Role:
Join Date: Aug 2004
Posts: 4,864
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Quote:
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