Day 28 : risk free arbitrage trading - why I am switching to Bitcoin SV

By julien | From 0 to 1 Bitcoin challenge | 31 Jul 2019

Hi every one.

Quick update today in my L7.trade strategy that I wanted to share with you : I am switching and start trading BTC SV !

I am going to explain you in details. But first :

As you know the L7.trade platform has been a big part of my journey to reach 1 Bitcoin starting from 0 in one year.

For those that want to know more about this journey, you can read my posts : https://www.publish0x.com/from-0-to-1-bitcoin-challenge

I am currently at day 27 a little bit over 1% of my challenge.

What is L7.trade?

I will not go into the details here. If you want more information on the platfrom you can read my specific posts :

https://www.publish0x.com/from-0-to-1-bitcoin-challenge/l7trade-tutorial-how-make-daily-risk-free-crypto-arbitrage-xknkld

https://www.publish0x.com/from-0-to-1-bitcoin-challenge/compound-interests-and-why-i-am-starting-using-timer-xyykpn

https://www.publish0x.com/from-0-to-1-bitcoin-challenge/l7trade-tutorial-video-tutorial-how-execute-risk-free-arbitr-xzngew

Basically, L7.trade is a platform that permit all of us to execute arbitrage trades between crypto exchanges. With this platform you can buy low on one exchange and immediatly sell higher on another plateform. It's a risk free arbitrage.

In reality that's more complex than that. The platform uses agents that will execute the buy and sell trade at the exact same time for you. For their service they will earn a share of the profit. And the platform will also take a piece of this profit. Basically, you will keep one third of it (but it's more then 1% per trade on average). A after the trade the platform acts as a clearing house : sending the crypto to the one who sold it and usd to to one that bought it. In 60 to 90 min the whole process will executed and you will have your crypto plus your share of profit back in your wallet, ready to execute another trade.

I would be glad if you are interested in this platform if you could use my referral link to subscribe, it will help me reach my goal to accumulate 1 BTC, from 0 in one year ! :

https://l7.trade/?r=201174635

My new strategy : trading BTC SV

As some of you might know, I started trading XLM on the platform, because it was the most accessible coin to trade (min trade 20 xlm, around 2$ VS 1 LTC or 0.02 BTC for exemple).

I then switched recently to LTC (most frequent trade possible which means better returns).

I am now switching to BTC SV and I am going to show you why. Here are the current profit by currency on the L7.trade platform. It changes in real time depending of market conditions of course, but the main tendencies are the same for the last 3 days :

- very good profitability of the trades on BTC (1.88% per trade with 80 minutes to wait between trades)

- low profitability on LTC (0,46% per trade with 83 minutes to wait between trades)

- good profitability of the trades on ZEC (1.54% per trade with 117 minutes to wait between trades)

- good profitability of the trades on BSV (1.5% per trade with 113 minutes to wait between trades)

The best deal is of course BTC ! And I will switch in BTC as soon as I can (but I need to reach the necessary bankroll - min trade = 0,02 BTC), but my bankroll is not big enough for the moment (sooon i hope !).

Then i hesitated between ZEC and BSV. I have the bankroll to trade both (ZEC min invest is 1 ZEC : $67 and BSV min invest is 0,5 BSV : 75$).

But I believe in BTC so I want a coin with a stable value in BTC. Let's check the graphs :

- ZEC value in BTC has been divided by 2 since the beginning of the year !

- BSV value in BTC has been more stable

So lets move to BSV. I will exchange my LTC in BSV in the L7.trade platform (there is an exchange feature). It costs 0,5% that I will be more than compensated with my first trade.

I hope it helps.

If you have another strategy please share it in the comment section.

ANd if you still dont have an account on the L7.trade platform (what ????), I would be glad if you could use my referral link to subscribe, it will help me reach my goal to accumulate 1 BTC, from 0 in one year ! :

https://l7.trade/?r=201174635

Have a nice day !

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