Taken advantage of the fluctuation in bitcoin prices this weekend.

Hey I just did this and thought it might help some of you.

I made some orders on Friday on Nucleus when I think USD was about 360 to the BTC.

Today I log in and my large orders have yet to be confirmed and the BTC price has changed to around 390 USD.

So I cancelled my orders + re-ordered them, as my vendors don't work at the weekend anyway.

I got my original BTC back but obviously the cost to buy the products was less now because the value of BTCs has risen.

I made 3 figures USD from the difference which I've bought more product with.

Just a heads up for any of you who made large orders on Friday and haven't had them confirmed yet. Happy shopping


Comments


[15 Points] druggieslut:

Lol 9 to 5 vendors wtf


[10 Points] bodevelho:

you know that this could work the other way around also.. if the price had decreased.. the vendor could have cancelled your order.. and then guess who would take the loss :D


[2 Points] None:

I never order on the weekends. That'd be leaving btc on a market longer than necessary.


[2 Points] Vendor_BBMC:

Clever.

If the vendor had been a bit quicker to confirm, HE would have made that gain while the btc was in escrow.

We are always complaining about bitcoin fluctuations as an excuse not to use escrow, but we win as much as we lose.


[1 Points] -SeedofChaos-:

I hedged about $450 worth of BTC right when I saw it hit the $399 mark. If it pops up above 405 at any point, I'm going in all in and locking it in.


[1 Points] logic4drugs:

or you could've supported your vendor and let them have the extra profit. They are taking a bigger risk than you are, so they deserve the little bump (i always give my vendors a few bucks more than they charge).