05-12-2021, 10:14 PM
Massive gain not sure what to do.
<!-- SC_OFF --><div class="md"><p>Hey all posting from mobile so it's fuged at the moment. I'll be posting updates to the story as it happens. There is information here that is most likely vital to people and the safety of their money.</p> <p>I saw an arbitrage opportunity on the new listing of rari on Crypto dc</p> <p>The sell book emptied slowly over two hours.</p> <p>I had 1000$ USDT and sent it to Uniswap to purchase 47 Rari. And move it back onto the Exchange.</p> <p>I put a sell order for my Rari at 80$ and it sold. As of recent I have seen some insane arbitrage opportunities and made money off of them. Like RLC just the other day.</p> <p>So I made 4000 something on the first go. I did it again but this time purchased 150 Rari. Sent it on over to the CDC exchange and did the same thing. This time the Bot or Person buying Purchased my Rari for 899$ each on just a market sell not even a limit sell.</p> <p>So I had 130,000 in USDT which I Immediately moved into Eth and then move to my Metamask wallet.</p> <p>I told my GF if I made anything big I would be out so I cashed out asap thinking I had done it. Now they have e-mailed me asking for 40 ETH Back.</p> <p>It took them like 24 hours before they even contacted me. And its taken them roughly 5 days between each email of me asking questions.</p> <p>They have emailed me about returning it to reopen my exchange account.....</p> <p>Remove the ETH scan. Sorry folks I don't want you to see my wallet of bad trades and shit coins.</p> <p>Changed some details I'm the post to make it easier to read. Also removed the hyperlinks of CDC no clue why it was doing that.</p> <p><strong>UPDATE MAY 12 - some people have been asking if arbitrage is legal, yes it is a legitimate trading exercise. The only problem is that if there are large price discrepancies the exchanges you trade on may stop withdraws. This same thing happened with RLC just 2 days ago. It was selling on Binance for 9$ but people were buying on coinbase for 18$ that huge profit to be made but Binance stopped withdraws of RLC.</strong></p> <p>Also been in contact with a lawyer, he says I am OK for now. Took me like 8 hours to find a lawyer that specializes in Crypto Law.</p> <p><strong>I will be posted updates in the comments below or in here, as things progress,</strong></p> <p><strong>I have contacted a lawyer and so far so good. Thank you everyone for your comments.</strong></p> <p><strong>I missed so many good pumps this year by being to much of a pussy to pull the trigger.</strong></p> <p>Also I don't have too delete the post, it contains information which they already have. And to buy and sell Crypto in Canada you have to supply your personal information. So they would be able to identify me regardless.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/HourKitchen6633"> /u/HourKitchen6633 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nad2hh/massive_gain_not_sure_what_to_do/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nad2hh/massive_gain_not_sure_what_to_do/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Hey all posting from mobile so it's fuged at the moment. I'll be posting updates to the story as it happens. There is information here that is most likely vital to people and the safety of their money.</p> <p>I saw an arbitrage opportunity on the new listing of rari on Crypto dc</p> <p>The sell book emptied slowly over two hours.</p> <p>I had 1000$ USDT and sent it to Uniswap to purchase 47 Rari. And move it back onto the Exchange.</p> <p>I put a sell order for my Rari at 80$ and it sold. As of recent I have seen some insane arbitrage opportunities and made money off of them. Like RLC just the other day.</p> <p>So I made 4000 something on the first go. I did it again but this time purchased 150 Rari. Sent it on over to the CDC exchange and did the same thing. This time the Bot or Person buying Purchased my Rari for 899$ each on just a market sell not even a limit sell.</p> <p>So I had 130,000 in USDT which I Immediately moved into Eth and then move to my Metamask wallet.</p> <p>I told my GF if I made anything big I would be out so I cashed out asap thinking I had done it. Now they have e-mailed me asking for 40 ETH Back.</p> <p>It took them like 24 hours before they even contacted me. And its taken them roughly 5 days between each email of me asking questions.</p> <p>They have emailed me about returning it to reopen my exchange account.....</p> <p>Remove the ETH scan. Sorry folks I don't want you to see my wallet of bad trades and shit coins.</p> <p>Changed some details I'm the post to make it easier to read. Also removed the hyperlinks of CDC no clue why it was doing that.</p> <p><strong>UPDATE MAY 12 - some people have been asking if arbitrage is legal, yes it is a legitimate trading exercise. The only problem is that if there are large price discrepancies the exchanges you trade on may stop withdraws. This same thing happened with RLC just 2 days ago. It was selling on Binance for 9$ but people were buying on coinbase for 18$ that huge profit to be made but Binance stopped withdraws of RLC.</strong></p> <p>Also been in contact with a lawyer, he says I am OK for now. Took me like 8 hours to find a lawyer that specializes in Crypto Law.</p> <p><strong>I will be posted updates in the comments below or in here, as things progress,</strong></p> <p><strong>I have contacted a lawyer and so far so good. Thank you everyone for your comments.</strong></p> <p><strong>I missed so many good pumps this year by being to much of a pussy to pull the trigger.</strong></p> <p>Also I don't have too delete the post, it contains information which they already have. And to buy and sell Crypto in Canada you have to supply your personal information. So they would be able to identify me regardless.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/HourKitchen6633"> /u/HourKitchen6633 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nad2hh/massive_gain_not_sure_what_to_do/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nad2hh/massive_gain_not_sure_what_to_do/">[comments]</a></span>Kind Regards R