Home | Community | Message Board

World Seed Supply
This site includes paid links. Please support our sponsors.


Welcome to the Shroomery Message Board! You are experiencing a small sample of what the site has to offer. Please login or register to post messages and view our exclusive members-only content. You'll gain access to additional forums, file attachments, board customizations, encrypted private messages, and much more!

PhytoExtractum Shop: Maeng Da Thai Kratom Leaf Powder

Jump to first unread post Pages: 1
Offlines240779
Male Unread Journal User Gallery
Registered: 12/07/10
Posts: 12,880
Last seen: 2 months, 9 days
Making even more money with bitcoins
    #19151896 - 11/17/13 09:21 PM (10 years, 2 months ago)

Correct me if I'm wrong, but this is profitable. I was browsing foreign locations on localbitcoins.com to see if any of the prices were much lower than the standard price (some of them were), and then I landed on a city in Argentina and I noticed that all the sellers were accepting Argentinian dollars only. A complication, I thought at first; and then I went onto xe.com and discovered that US currency is worth about 40% less than Argentinian currency. So, a person can sell all their bitcoins in Argentina and then convert their Argentinian money to U.S. currency and make an extra 40% profit, right? :rocket:


Edited by s240779 (11/17/13 10:04 PM)


Extras: Filter Print Post Top
Invisiblememes
Blessed


Folding@home Statistics
Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
Re: Making even more money with bitcoins [Re: s240779]
    #19151988 - 11/17/13 09:38 PM (10 years, 2 months ago)

?????????i wouldn't imagine thered be much opportunity for arbitrage out there.  pro's would've spotted taht shit and closed the gap in no time


Extras: Filter Print Post Top
Invisiblefiddle
Male User Gallery

Folding@home Statistics
Registered: 04/10/08
Posts: 1,769
Loc: PNW
Re: Making even more money with bitcoins [Re: memes]
    #19152099 - 11/17/13 09:58 PM (10 years, 2 months ago)

Quote:

memes said:
?????????i wouldn't imagine thered be much opportunity for arbitrage out there.  pro's would've spotted taht shit and closed the gap in no time




Pretty much this. There's bound to be a boatload of fees otherwise it'd have been done. I suppose it's worth looking into if you've got some free time.


--------------------
Tickle my bassline.


Extras: Filter Print Post Top
Offlines240779
Male Unread Journal User Gallery
Registered: 12/07/10
Posts: 12,880
Last seen: 2 months, 9 days
Re: Making even more money with bitcoins [Re: fiddle]
    #19152123 - 11/17/13 10:03 PM (10 years, 2 months ago)

Fuck, I messed up my original post. What I meant to say is that if I were to buy in Argentina, I'd be paying 500 dollars for bitcoins that would normally be only 300 dollars. Thus making me think that the reverse would be profitable.


Extras: Filter Print Post Top
Invisiblefiddle
Male User Gallery

Folding@home Statistics
Registered: 04/10/08
Posts: 1,769
Loc: PNW
Re: Making even more money with bitcoins [Re: s240779]
    #19152134 - 11/17/13 10:06 PM (10 years, 2 months ago)

You stand to lose the most money converting between currencies (USD -> peso). I'd look into any fees associated with that.


--------------------
Tickle my bassline.


Extras: Filter Print Post Top
InvisibleRepertoire89
Cat
Male


Registered: 11/15/12
Posts: 21,773
Re: Making even more money with bitcoins [Re: s240779]
    #19152146 - 11/17/13 10:07 PM (10 years, 2 months ago)

Quote:

Da2ra said:
Fuck, I messed up my original post. What I meant to say is that if I were to buy in Argentina, I'd be paying 500 dollars for bitcoins that would normally be only 300 dollars. Thus making me think that the reverse would be profitable.




Try buying like .01 of a bitcoin maybe and transfer it


Extras: Filter Print Post Top
Offlineevileye001
Stranger then you
Male User Gallery


Registered: 02/23/13
Posts: 2,341
Last seen: 1 year, 2 months
Re: Making even more money with bitcoins [Re: Repertoire89]
    #19152478 - 11/17/13 11:49 PM (10 years, 2 months ago)

i dont get the whole bitcon thing. whats the point anyways?

im shure im just missing it but i hear about them from time to time and google dont tell me to much.


--------------------
we are the universe contemplating its self.



Extras: Filter Print Post Top
InvisibleTheMule73
Stranger
Male

Registered: 08/26/11
Posts: 1,797
Re: Making even more money with bitcoins [Re: evileye001]
    #19152581 - 11/18/13 12:28 AM (10 years, 2 months ago)



But really, check out bitcointalk.org.  I've been learning from those forums.


Extras: Filter Print Post Top
Offlines240779
Male Unread Journal User Gallery
Registered: 12/07/10
Posts: 12,880
Last seen: 2 months, 9 days
Re: Making even more money with bitcoins [Re: s240779]
    #19158411 - 11/19/13 06:16 AM (10 years, 2 months ago)

I went to preev.com and switched the currency to Argentinian pesos and it added a note, "Exchange rate calculated using USD Bitcoin price." and the number it gave me was equal to Bitcoin's value in U.S. dollars. Can anyone explain that?


Extras: Filter Print Post Top
Jump to top Pages: 1

PhytoExtractum Shop: Maeng Da Thai Kratom Leaf Powder


Similar ThreadsPosterViewsRepliesLast post
* Regular money to bitcon Sebastior 345 9 11/08/12 10:27 AM
by unknown1123
* Anyone Mining BitCoins?
( 1 2 3 4 all )
Salvia_Antics 11,347 61 07/25/21 08:03 AM
by BSUUF2
* Iguazo Falls, Argentina mjshroomer 560 3 08/04/05 01:54 AM
by vivid
* BitCoin, WTF?
( 1 2 all )
Doc_T 5,218 23 06/06/11 09:35 PM
by Newbie
* Bitcoin sve 1,022 4 05/30/11 12:11 PM
by willowmp
* Bitcoin help? KillerSpores 970 2 02/23/11 02:39 PM
by KillerSpores
* bitcoin mining: a new way to dry shrooms
( 1 2 all )
kintos 4,730 24 01/22/12 05:23 PM
by pwnasaurus
* Songs that make you cry..........
( 1 2 3 4 5 6 7 all )
Bullfrog1 26,433 127 09/05/22 05:49 PM
by oursoulsinmotion

Extra information
You cannot start new topics / You cannot reply to topics
HTML is disabled / BBCode is enabled
Moderator: Entire Staff
804 topic views. 5 members, 70 guests and 29 web crawlers are browsing this forum.
[ Show Images Only | Sort by Score | Print Topic ]
Search this thread:

Copyright 1997-2024 Mind Media. Some rights reserved.

Generated in 0.026 seconds spending 0.008 seconds on 14 queries.