Well written summary message for new arbitraging.co ARB FOR NEWCOMERS TO THE ARB PLATFORM
FOR NEWCOMERS TO THE ARB PLATFORM:
Arbitrage definition Encarta dictionary: “the simultaneous buying and selling of the same negotiables or commodities in different markets in order to make an immediate riskless profit”
What the Arbitraging.co automated bot (aBOt) does is automated arbitraging. It buys on one exchange, and sells on another exchange, say BTC, and pockets the price difference less exchange fees as a profit. It does this on many exchanges with many cryptos. And so throughout a 24 hour period it gains currently on average around 25% return per month.
Arbitraging is entirely different to the common directional trading, where you buy a crypto in the hopes it goes up in price, or sell it in the hopes it will drop. That is high-risk speculation.
aBOT is set to not take a losing trade. It knows all the costs involved for any particular arbitraging trade, and so takes the profitable ones and passes on the losing ones.
The aBOT is meant for long term passive income. You buy ARB tokens, place them into the aBOT at the token price you feel is best for your investment (higher the better), and let your funds ride for months and years in the aBOT for daily passive income. You can compound some or all daily earnings, or sell them.