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by t0mbstone 3408 days ago
Unfortunately, all of the best moneymakers probably won't get shared, because the people don't want competitors.

I don't have any real passive income, myself, but one of my buddies has a pretty sweet setup.

He wrote a bunch of trading bots that would automatically perform arbitrage between all of the bitcoin exchanges. He wrote a variety of bots with different strategies, and then he would lease them out to people and take a cut of the profits (in addition to doing his own arbitrage trading with his extra money). From the sound of it, he was making some serious cash (like thousands of dollars a day).

1 comments

Sorry, I'm going to have a hard time believing this without more detail. How can you arbitrage across countries? There are many people in the Bitcoin space that bring this up all the time because they see the big price differences between US, China, India... but the only way to profit off this is to deposit cash in one county, withdraw it in another currency, then convert back your your national one.