+- Hack Forums (https://hackforums.net)
+-- Forum: Money (https://hackforums.net/forumdisplay.php?fid=241)
+--- Forum: Crypto Currency (https://hackforums.net/forumdisplay.php?fid=380)
+--- Thread: My altcoin is worth 50% more on BitMart than PcS, should I sell on there? (/showthread.php?tid=6167926)
My altcoin is worth 50% more on BitMart than PcS, should I sell on there? - Mons - Aug 13, 2021
So I bought the token on PancakeSwap and its sitting on my MetaMask wallet
It got listed on Bitmart two days ago or smth, and the price there is like 50% higher than on Poocoin
When I go to Bitmart I can deposit the alt to bitmart acc and sell there for the much higher market price
It gives a warning
Quote:According to the token mechanism, for all deposits, an additional 10% fee will be charged by the platform. The total amount received will be 90% of the initial deposit. We strongly advise a risk assessment before the invest.But even with the 10% fee it's a $970 extra I'd make by selling it on Bitmart at that price
Is there smth fishy going on here? Not sure why BitMart's price is so high, been 2 days now, 10h ago it corrected and lowered to same price as Poocoin but went up again few hours ago to be 50% higher than poocoin price
RE: My altcoin is worth 50% more on BitMart than PcS, should I sell on there? - The Host - Aug 13, 2021
CHeck the volume at both places. I’m guessing wherever there is a 50% price difference. That exchange has very very low volume.
RE: My altcoin is worth 50% more on BitMart than PcS, should I sell on there? - Mons - Aug 13, 2021
(Aug 13, 2021 06:25 AM)The Host Wrote: CHeck the volume at both places. I’m guessing wherever there is a 50% price difference. That exchange has very very low volume.
It has a volume of $420k which is like 25% of total
You think I can just deposit my coins on Bitmart or just buy low and sell high on Bitmart?
RE: My altcoin is worth 50% more on BitMart than PcS, should I sell on there? - Zoomers - Aug 13, 2021
(Aug 13, 2021 06:29 AM)Mons Wrote: It has a volume of $420k which is like 25% of total
You think I can just deposit my coins on Bitmart or just buy low and sell high on Bitmart?
Doesn't hurt trying just do a small amount to try it out. Might be a good arb play
RE: My altcoin is worth 50% more on BitMart than PcS, should I sell on there? - Mons - Aug 13, 2021
(Aug 13, 2021 08:45 AM)Zoomers Wrote: Doesn't hurt trying just do a small amount to try it out. Might be a good arb play
Someone told me on Reddit that this is how people make huge gains
However, I have a hard time trusting Bitmart after reading all the negative reviews they people write about them
RE: My altcoin is worth 50% more on BitMart than PcS, should I sell on there? - Krour - Aug 13, 2021
It's common thing, but you will have issues depositing or withdrawing, I saw a chance one on LTC between binance and Kucoin about 18 percent defence i was like i'll fucking be rich, I deposited all my money on Kucoin bought LTC at the lower price and sent it to my binance, what's the catch?
It took 24 hours to arrive I was lucky tho because The price corrected on both sites but it was still a nice ,2.4 % gain.
RE: My altcoin is worth 50% more on BitMart than PcS, should I sell on there? - Mons - Aug 13, 2021
(Aug 13, 2021 09:42 AM)Krour Wrote: It's common thing, but you will have issues depositing or withdrawing, I saw a chance one on LTC between binance and Kucoin about 18 percent defence i was like i'll fugging be rich, I deposited all my money on Kucoin bought LTC at the lower price and sent it to my binance, what's the catch?
It took 24 hours to arrive I was lucky tho because The price corrected on both sites but it was still a nice ,2.4 % gain.
Makes sense. Thanks for sharing your story.
Here the difference is 50% and has been for several days.
I mean if I just deposit my altcoin from MetaMask to Bitmart that shouldn't take long (25 confirmations)
And then once the altcoin is exchanged to BNB or USDT, I can withdraw it whenever I want
RE: My altcoin is worth 50% more on BitMart than PcS, should I sell on there? - Krour - Aug 13, 2021
Yeah sure, if there's no limite to how much u can deposit , you can test this with w small amoint of money if it works you'll be making huge gains so exploit it as hard as you can because it's not illegal.
I have an app that helps catch all the arb chances on all the exchange plaforms.