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I was arbitraging it for one whole night I started with 100 tether, converted to usdc at 89 cents, it went up a few cents i reconverted to USDT, when it went down i converted to usdc again, when it went up back to tether. I didnt this until i had close to 1000 tethers from 100. Imagine doing it at a thousand dollar level lol its at 99 cents now. Fucking wild.
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BTChodl 2y ago

Great idea still risky though sounds like day trading. How’d you manage to get past the fees wouldn’t it cost you more in extange fees than you’d be making?

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nobody 2y ago

I got level 8 fees on kucoin and pay fees in KCS for yhe extra 20% discount to minimize as much fees as possible.

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nobody 2y ago

It was fucking risky lol every time i bought i was like welp this is the moment it goes down to shit 🤣🤣

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BTChodl 2y ago

Yeah it could’ve easily went to like $.40-$.50 or even 0 like what happened with Luna. Too bad it’s not a garenteed get rich quick scheme. Could’ve made alot of money if that though.

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nobody 2y ago

Thats what im saying i was having terra luna flashbacks lol i like certain risk when trading, i caught like 300% when celsius token bottom and went up, caught the big break on Credit Suisse stick when it bottom and went up abit, i like some decent %s back on luna when it bottom and started trending up but sold way to early to get that 34,000% over the summer it last year.