Hi every one.
As promised, I'm keeping you updated on my first investment trough the L7.trade plateform .
So far it's doing very well : +6,75% in 3 days, risk free. As i was tested in the beginning, I think I can achieve more than 3% daily.
As you know, to reach my goal of accumulating 1 Bitcoin starting from nothing in one year, I need to invest as soon as possible the crypto I am accumuting for free (as earning less then 1$ a day with my faucet strategy will of course not be enough).
As I explained in this post, i have reached the necessary amount to start to invest (the equivalent of 0,0002 BTC) on the L7 trade plateform (more on that here) .
What is L7 trade?
It's an arbitrage plateform. As you the prices of crypto assets might be different from on exchange to another. With this plateform you can buy low on one exchange and immediatly sell higher on another plateform (it's more complex than that but basically it is that). It's a risk free arbitrage.
How much can I make?
The arbitrage opportunities are around 5% but the plateform uses a lot of intermediary to achieve the arbitrage so there are fees involve and in the end I think I will make between 1 and 2% per arbitrage. Assuming I can do it 3 times a day that's an average of 5% a day !
What is the minimum to trade ?
That's why i choose to convert my BTC in XLM : the mimum are very high in BTC or LTC but starts at 20 XLM (around 2$) plus XLM has no fees so it's easier to arbitrate.
***
For the moment I have executed 6 trades (it seems at first look complex but it's quite easy to execute. It only takes 1 minute sas I explain here :https://www.publish0x.com/from-0-to-1-bitcoin-challenge/day-6-0-1-btc-my-first-arbitrage-trade-14-risk-free-3-hours-xlypme )
My plan from now on :
- I 'll continue my faucet strategy and convert every thing I earn daily in XLM to do arbitrage trading ;
- I'll check the opportunity frequently
- I think I can achieve 3 % daily with minimum time investment.
If you want to give a try please use my referal link : https://l7.trade/?r=201174635 it will help me a lot to reach my goal !
Have a nice day
***
You want to help me achieve my challenge?
Here is what you can do :
- Follow my blog : https://www.publish0x.com/from-0-to-1-bitcoin-challenge
- follow me on twitter for regular updates : https://twitter.com/julien091277
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- You can tip me for free :
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Thank you very much in advance !
