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GOALS Path to Achieve $50 per Day Through Crypto Arbitrage.

GOALS

DayGuru

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Hey folks, kicking off a new chapter in my journey here. A quick intro about myself: I've always dabbled in various online ventures, from being a designer to app reskinning, running an SMMA, and diving into crypto and NFTs in 2022. Managed to generate good revenue while simultaneously studying and acquiring skills along the way.

The primary motivation behind starting this journey is to instill more discipline in my work routine. I've struggled with maintaining consistency, and this serves as a commitment to overcome that challenge. Additionally, I aim to showcase that there are alternative niches beyond the more conventional journeys focused on websites, SEO, and CPA, which are often prominent in the forum.



I've been utilizing this method for a month now, though I must admit I haven't been consistently disciplined or working on it daily, limiting its revenue potential. The method yields approximately 0.5-0.7% daily returns on my capital, with low risk since I'm not purchasing crypto—instead, I engage in the buying and selling of USDT or other stablecoins in my local currency. Typically, I conduct transactions solely through exchanges, but occasionally I acquire USDT with USD via PayPal, then sell it on CEX, pocketing the price difference ;). (It's crucial to exercise caution and understanding to avoid potential scams!)

That wraps it up. My hope is to inspire others to work on self-discipline, and I aim to achieve my goal before the end of 2023. I'll keep you all posted on my progress. While this method provides additional income, my primary objective is securing a fulfilling job in my field—software engineering—upon graduating from university. Currently in my third year, I'll continue to share updates. I've enjoyed reading the journeys of those who came before me, and witnessing their success is truly motivating. Here's to hoping luck favors me on my journey to becoming the next success story! :)
 

Ferrancy

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Wishing you the best of luck on your journey. I'll be following along.
 

Canyonsu

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Fascinating! I'm a trader myself, and I've heard of someone who taught a similar technique—always arbitraging on stable coins. However, I've never delved deeper into it.
 

Josefribetr

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Best of luck on your journey! As a dedicated arbitrager myself, I know how exciting it can be! ;)
 

Vinerchco

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Wishing you the best of luck! I'll be following your progress closely.
 

KingDoom

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Best of luck on your journey! I'll be following along. Is there a guide where I can learn more about this? I've heard about it and want to dive deeper.

Best of luck on your journey! As a dedicated arbitrager myself, I know how exciting it can be! ;)

Is there a guide where I can learn more about this? I've heard about it and want to learn more.
 

Comicsp

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Wishing you all the best on your journey!
 

DayGuru

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Wishing you the best of luck on your journey. I'll be following along.

Thank you!

Fascinating! I'm a trader myself, and I've heard of someone who taught a similar technique—always arbitraging on stable coins. However, I've never delved deeper into it.

I also trade occasionally. Feel free to PM me if you'd like to share knowledge.

Wishing you the best of luck on your journey!
Thanks, man!
Best of luck on your journey! As a dedicated arbitrager myself, I know how exciting it can be! ;)
Thanks! Keep up the good work, brother. If you have any advice for me, I'd love to hear it.

Wishing you the best of luck! I'll be following your progress closely.
Thanks a lot!
Best of luck on your journey! I'll be following along. Is there a guide where I can learn more about this? I've heard about it and want to dive deeper.
That's the thing about these crypto methods—I haven't found many people explaining them in detail. I've learned everything through trial and error. However, I suggest watching as many videos as possible on this topic to get a general idea. Good luck!

Wishing you all the best on your journey!

Thanks for that!
 

DayGuru

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First day, 04/11:
It was a good start, honestly! I didn't invest all my capital yet still achieved a 0.6% profit margin on my trades, earning $20 today. Typically, these good days don't last, so I tried to maximize my efforts and worked hard today.

P.S.: These trades were done on Binance, which charged a 0.4% fee. If anyone knows exchanges with 0 fees, that could increase my profit to 1% a day. I'm open to suggestions! If you have any questions, I'm here to help.
Attachments included.

image 1.webpimage 2.webp
 

KingDoom

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First day, 04/11:
It was a good start, honestly! I didn't invest all my capital yet still achieved a 0.6% profit margin on my trades, earning $20 today. Typically, these good days don't last, so I tried to maximize my efforts and worked hard today.

P.S.: These trades were done on Binance, which charged a 0.4% fee. If anyone knows exchanges with 0 fees, that could increase my profit to 1% a day. I'm open to suggestions! If you have any questions, I'm here to help.
Could you please share more details about what you did exactly? :)
 

Trippinet

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That sounds great! Could you set this up for automatic processing?
 

Tersbyte

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That sounds intriguing. Please continue!
 

Andlotts

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Thank you, that's a fantastic idea. I look forward to seeing your results!
 

DayGuru

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Could you please share more details about what you did exactly? :)

The methods for calculating risks really depend on market prices and associated fees. Some of these methods are straightforward and legal, while others may not be. One approach is buying and selling the spread of a certain currency using USDT, and another involves buying the currency with USD through my bank accounts in the UK or US, then selling it as USDT in my local currency. However, there are numerous fees to consider, including those from exchanges, banks, or apps. I'm not going to share the specific banks I use, as this method required significant investment of time and money on my part.

Please be cautious. I've only shown you the profit side, which might make it seem like easy money. Be aware that I got scammed out of $300 when I first started, so it's not always straightforward. Additionally, some people have faced issues with their country's authorities over this, as certain countries view it as "money laundering." Good luck!

That sounds great! Could you set this up for automatic processing?

No, there are many scammers to be cautious of. However, you could consider hiring someone for $5 to handle it for you, and keep the rest. People in third-world countries might be willing to do this.

That sounds intriguing. Please continue!

Thanks! I'll do that.

Thank you, that's a fantastic idea. I look forward to seeing your results!

Appreciate it, man!
 

PhiaWise

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Hey folks, kicking off a new chapter in my journey here. A quick intro about myself: I've always dabbled in various online ventures, from being a designer to app reskinning, running an SMMA, and diving into crypto and NFTs in 2022. Managed to generate good revenue while simultaneously studying and acquiring skills along the way.

The primary motivation behind starting this journey is to instill more discipline in my work routine. I've struggled with maintaining consistency, and this serves as a commitment to overcome that challenge. Additionally, I aim to showcase that there are alternative niches beyond the more conventional journeys focused on websites, SEO, and CPA, which are often prominent in the forum.



I've been utilizing this method for a month now, though I must admit I haven't been consistently disciplined or working on it daily, limiting its revenue potential. The method yields approximately 0.5-0.7% daily returns on my capital, with low risk since I'm not purchasing crypto—instead, I engage in the buying and selling of USDT or other stablecoins in my local currency. Typically, I conduct transactions solely through exchanges, but occasionally I acquire USDT with USD via PayPal, then sell it on CEX, pocketing the price difference ;). (It's crucial to exercise caution and understanding to avoid potential scams!)

That wraps it up. My hope is to inspire others to work on self-discipline, and I aim to achieve my goal before the end of 2023. I'll keep you all posted on my progress. While this method provides additional income, my primary objective is securing a fulfilling job in my field—software engineering—upon graduating from university. Currently in my third year, I'll continue to share updates. I've enjoyed reading the journeys of those who came before me, and witnessing their success is truly motivating. Here's to hoping luck favors me on my journey to becoming the next success story! :)

Best of luck with this! I'll keep an eye on your progress. Which CEX do you use? Are there any issues with double taxation or taxes in general due to the unusual cash flow? For instance, when you transfer from PayPal to a CEX, it involves two different entities, so wouldn't it appear as if someone paid you in the CEX?
 

DayGuru

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Best of luck with this! I'll keep an eye on your progress. Which CEX do you use? Are there any issues with double taxation or taxes in general due to the unusual cash flow? For instance, when you transfer from PayPal to a CEX, it involves two different entities, so wouldn't it appear as if someone paid you in the CEX?

Thank you! I use Binance, OKX, and Bybit. I'm also planning to use Paxful and LocalBitcoins for more liquidity, as these are popular in P2P trading. This method is more suitable for third-world countries with less strict tax policies and regulations on making money online. Besides that, you might want to look into getting foreign bank accounts or buying them, but you'll need to find your own solution.

Regarding your last question, I didn't quite understand it. In my experience, CEX platforms never really ask about the origin of the money.
 

Tadeo

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Hey folks, kicking off a new chapter in my journey here. A quick intro about myself: I've always dabbled in various online ventures, from being a designer to app reskinning, running an SMMA, and diving into crypto and NFTs in 2022. Managed to generate good revenue while simultaneously studying and acquiring skills along the way.

The primary motivation behind starting this journey is to instill more discipline in my work routine. I've struggled with maintaining consistency, and this serves as a commitment to overcome that challenge. Additionally, I aim to showcase that there are alternative niches beyond the more conventional journeys focused on websites, SEO, and CPA, which are often prominent in the forum.



I've been utilizing this method for a month now, though I must admit I haven't been consistently disciplined or working on it daily, limiting its revenue potential. The method yields approximately 0.5-0.7% daily returns on my capital, with low risk since I'm not purchasing crypto—instead, I engage in the buying and selling of USDT or other stablecoins in my local currency. Typically, I conduct transactions solely through exchanges, but occasionally I acquire USDT with USD via PayPal, then sell it on CEX, pocketing the price difference ;). (It's crucial to exercise caution and understanding to avoid potential scams!)

That wraps it up. My hope is to inspire others to work on self-discipline, and I aim to achieve my goal before the end of 2023. I'll keep you all posted on my progress. While this method provides additional income, my primary objective is securing a fulfilling job in my field—software engineering—upon graduating from university. Currently in my third year, I'll continue to share updates. I've enjoyed reading the journeys of those who came before me, and witnessing their success is truly motivating. Here's to hoping luck favors me on my journey to becoming the next success story! :)

How much initial capital is required to earn $50-100 daily through crypto arbitrage?
 

DayGuru

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How much initial capital is required to earn $50-100 daily through crypto arbitrage?

This isn't the right question to ask, because you need to consider two key metrics to reach $50-100 a day in crypto arbitrage:

Profit margin
Capital
For instance, having $10,000 might not be enough if your profit margin is only 0.1% per day (yielding $10 a day). Instead, focus on finding methods that yield a good profit margin to ensure your capital generates $50-100 daily.

Typically, these methods can yield a daily profit margin between 0.3% (worst case) and 1.5% (best case). This translates to needing between $17,000 (worst case) and $3,500 (best case) in capital.
 
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