Arbitraging.co Crypto Arbitrage Platform Concerns, Tutorials, and Results with the Abot





A little while ago a friend told me about an arbitraging platform that was, “too good to be true.  Just put money in and watch it grow”.   He put $60,000 dollars into the platform and in only 2 months it was now worth $100,000 dollars.  I called bullshit and threw out everything at him but he said he could withdraw at any time and it was “risk-free”.  I still called bullshit.



But I tried it out with a small amount…  to my surprise it does “just work”.

Arbitrage is not new or rocket science.  By definition, arbitrage it is the profit from a market imbalance.

In the crypto-coin world, there are many exchanges where the same coins are exchanged (bitcoin, ethereum, etc).  This platform has a bot and it simply looks for differences in prices in these exchanges and then makes a trade to make a profit.



Think of it like this.  You see in the newspapers that 2 different places are selling & buying bananas.  At groceryA the banana is $1.00 and at groceryB the banana is $1.10.   You can simply purchase at A and sell to B and profit 10%.  That is all arbitrage is.

The stock market has been traded by bots for more than 20 years.  The crypto coin world is in its infancy and it makes sense there is such a huge opportunity.

If a system is only buying and selling for a profit than it is risk-free.  In theory at least.

So I have been using arbitrage.io and telling all my friends about it.  For newbies and even people familiar with the crypto world, it’s not very easy to set up.  And I am very tired of walking people through it.  So I decided to make videos and direct people here.

These videos are simply about the abot.  They have many other features that I will include as I learn.



I will start with my concerns about the platform:

Now for my tutorial:

 

And the results so far (I will update this once a month or more):

 

5 Great Ideas for Making Money with Bitcoin





 

Unless you’ve been living under a rock lately, then you have likely heard about Bitcoin and how a lot of people have made big bucks off it. And I mean big, with some people turning a couple hundred dollars invested a few years ago into hundreds of thousands recently. Not a bad return, right?



So, you are probably wondering how you can do the same thing? Well, you might have heard people saying that the only way to make money with bitcoin is to get in early. As it happens, those people are both right and wrong – but luckily, they are mostly wrong.

What people mean when they say this is that it’s too late now to invest in bitcoin at a shockingly low sum – say, like, just pennies or a few dollars. However, that doesn’t mean you’re out of options for earning money with bitcoin, even if you don’t want to invest in it exactly! Read on to learn more about bitcoin and how you can use the spike in bitcoin to your advantage.

What Is Bitcoin?

Let’s start with the absolute basics…



You’ve likely heard bitcoin being referred to as cryptocurrency or digital currency. As it happens, there are other types of cryptocurrencies that have cropped up, especially in the wake of bitcoin’s popularity. However, bitcoin so far remains the most successful and the most powerful. Still, that hasn’t stopped people from investing in other types of crypto in hopes that they will turn into the next bitcoin and yield equally big – or even bigger – returns.

Bitcoin comes from a process called mining – a complex algorithm that requires a powerful computer to complete. It takes a lot of time, effort, and power to even mine a single bitcoin. It truly depends on the computational power being used – and a lot is needed. Still, there are numerous bitcoins gained through mining every day.

There are certain things that distinguish bitcoin from other, more traditional, forms of currency. This includes its decentralization, limited supply, immutability, divisibility, and more. But of course, what most people reading this will be most interested in is how it can make you money!

Ways to Make Money with Bitcoin

Now, let’s get to the real reason you are probably reading this post in the first place – You are wanting ideas and tips for how to start making money with bitcoin!

Okay, here you go:



You’ve probably heard of people investing in bitcoin as this is one the most well-known and discussed ways to earn bitcoins. As mentioned earlier – there are those who got into the currency for not much more than the spare cash in their pocket and hit it big. However, the time for that has largely passed. It’s far more expensive to get into bitcoin this late in the game and you aren’t likely to see those massive returns like the people who invested years ago. This makes buying and holding a non-option for many people, but this is absolutely still a very viable way to make money from bitcoin. Relatively speaking, we are still very early in the whole evolution of crypto, so there is still plenty of room to get in now and cash out big later. Remember, you don’t have to buy an entire bitcoin at a time. You can buy a portion of one to start, make a little money, and continue investing your profits back in to buying more.

  • Build and Manage a Bitcoin Faucet of Your Own

By building and managing a bitcoin faucet of your own, you could earn up to several hundred dollars monthly, which could be multiplied by who knows how much if you continued to invest that back into BTC. The process involves paying out small amounts of your bitcoin to users (which is done automatically). However, you will be gaining a lot more revenue by ads that you can place on your website. Interest piqued? Here’s everything you need to know to get started.

  • Start a Website Explaining Bitcoin

For most people, bitcoin (and digital currency in general) is a difficult concept to understand – but just about everybody and their dog is asking about it right now, how it works, and how they can get in on it. Well, why not answer their questions? Start a bitcoin information site and explain the basics of the elusive cryptocurrency to your users. At the same time, generate your income from affiliate offers and ads you place on your website!

Getting started on this method will only cost you a little bit of money in startup costs, but it will pay off in the long run!

The internet is filled with a seemingly infinite amount of opportunities to post content and people who need writers. Many companies will pay you (quite well) to write content that promotes services and products. Believe it or not, you can even find websites that will pay you in bitcoin to write things for them, such as blog posts and articles. Another option is to start your own blog, which sort of ties into the option above, and place ads on it. You can accept bitcoin as payment for those ads. Basically, if you know how to write well, then you have opportunities to earn bitcoins via writing.

This is what you might call the “holy grail” of making money through bitcoin and is the oldest way of doing so that I know of. There’s no doubt that many people have achieved immense success with bitcoin mining. Remember, bitcoins are created by solving complicated algorithms. Miners are awarded with new bitcoins as they are created and transactions completed. At first, bitcoins could be mined using a home PC.

Nowadays, it’s not even nearly as easy as it used to be. Mining has grown to be quite difficult, and the algorithms have exponentially increased in difficulty. Now, miners need a specially built mining rig, usually more than one, and/or they must join a bitcoin mining pool to harness the computing power of several devices in order to make it worthwhile. Even then, the returns are not as great as you might expect – certainly not what they once were, but it can still be a good option if done correctly.

Get Earning!

As you can see, there are plenty of ways to make money using bitcoin – and these are just a few of them – there are many more. But remember, the profitability of bitcoin was at its greatest if you got into it early on, so the longer you wait, the less your return will likely be! It is rising quickly and becoming more mainstream every day. So, what are you waiting for? Get started on making money with bitcoin today!

 

What You Can Learn from This 19-Year-Old Bitcoin Investor





Crypto still makes me nervous. Maybe it’s the fact I was coming of age between 9/11 and the 2008 financial crisis. I graduated from college during the aftermath of that crisis. And then I see the people who are already rich because of cryptocurrency investments and I wonder if my feelings are wrong. Besides, I’m no Luke Skywalker here. I can’t really trust my feelings can I? There is one bitcoin investor out there who is already a millionaire after seven years and he’s saying everybody should ignore their “feelings” about bitcoin and invest. His name is Erik Finman and he’s only 19.



1. The Kid Who Invested His Birthday Money

Most kids will spend their birthday money on a new video game or toy. And if they get $1,000 dollars for their birthday, then they buy a computer or a virtual reality headset. But not Erik Finman.

Finman bought Bitcoin with his birthday money.

Let’s set aside the fact most kids wouldn’t get even $500 for their 12th birthday (I can’t help but see Erik as a privileged brat, albeit a smart one), but kids like Erik are pretty rare. Finman was a failing student in school. His GPA was an incredible 2.1 and he claims a teacher told him to just drop out and work at McD’s.

He didn’t want to go to college. He even made a bet with his rich parents that if he became a millionaire by the time he turned 18 he could skip college. They agreed and Erik got to skip college.

He took the 1k Euros his grandmother had given him to invest in college and bought bitcoins in 2011. Bitcoins were only 10 Euros a piece at the time. But those 100 $10 Bitcoins he bought turned into 401 $8,512 Bitcoins.



Erik Continued to Invest

Some people might sit on their wealth like a dragon and his treasure. Erik did no such thing.  

Once his investments hit $100,000, he sold them and started a company called Botangle. After growing his company, he sold it for 300 bitcoins.

His interests are varied as he’s invested in Nasa recently. He’s helping them launch research satellites into space.

The kid is busy. He speaks at various conferences and he manages his family’s bitcoin investments.

This should be a lesson to any teacher who has given up on a student. We’re talking about a kid who had a 2.1 GPA and dropped out of high school here.

Crypto is the Future

Erik Finman believes cryptocurrency is the future. Fiat currency is still the norm right now, but he believes it’s not different than bitcoin and other crypto. It’s just numbers and make-believe money the same as government-backed money.

Some people have claimed that crypto is nothing more than Monopoly money. A plaything for people who like to make bets. But people like Erik believe it’s going to supplant other currencies one day.

It’s the libertarian dream. A currency that’s unregulated and free of any one government. And it’s an extremely cyberpunk version of our future.



But he does admit that cryptocurrency technology will have to change.  Right now, to mine bitcoin 343 megawatts or the equivalent of 285,833 U.S. homes (average) is what it takes. That’s a conservative estimate.

In the U.S. we’ve moved to more environmentally friendly energy production methods. But most crypto-miners are in China where the country relies heavily on coal-produced energy. Thus, crypto is destructive to the environment as it stands.

The crypto-mining business has inflated the price of PC’s as well. Four years ago, you could be a powerful PC for under $1000. No longer.

Gaming machines use GPUs or graphics cards for rendering images on a screen. Crypto mining machines use them to mine cryptocurrencies. When demand goes up so does price.

Gamers are up in arms about it, but perhaps they should invest in cryptocurrencies so they can afford their gaming hobby.

Finman Tells Millennials (and Founders) to Invest

Some people think Finman is an idiot teenager. But he’s one of the leaders of the next generation of investors. And if he can convince two whole generations to invest in crypto, his cyberpunk dreams might just become a reality.

What does Finman suggest young people do to get enough money to invest in Bitcoin? Find something they love doing. Start a YouTube channel, start a brand, do something and turn a profit from it.

He also believes you should invest ten percent of your income in Bitcoin. The general concensus is that you should invest 20% of your income in retirement for comparison.

He does give a warning. Only invest money you are willing to lose.

This is why many Wall Street gurus say it’s a bad idea. Crypto is extremely risky according to traditional financial wisdom. It’s already taken one huge tumble and it’s entirely possible it will completely tank one day.

It’s Your Fault If You’re Not a Millionaire in 10 Years

This sounds like a something a kid would say. But you’ve got to remember the kid who said it is actually a millionaire.

Now, not all of us get $1000 as birthday money. But many people in the Millennial generation have at least that much in savings. What would happen if they all invested in crypto?

Now that’s a thought to chew on. If you want more investment and entrepreneurial news, check out the rest of articles.