It's All About The Arbitrage!

-

I'm baaack! 

It's been more than a year since my last post, and about as long since I wrote off all attempts at making money online as a foolish endeavor.  But I am back to say that, thanks to crypto, we now can make money online, and in ways that are practically effortless.

I've been putzing around with various ways of using crypto to make money, and while ANYTHING INVOLVING CRYPTO IS INHERENTLY RISKY, I believe I've hit upon a couple websites that are a reasonable risk for MONEY YOU WON'T BE DESTITUTE IF YOU LOSE.  

I'll go into further detail on each of these guys in future posts, but since crypto is time sensitive, let me go ahead and get you links to each of them now.


The first two are arbitrage sites, where you make money by buying crypto at a slightly cheaper price off one exchange, then selling it for a slightly higher price on another.  To do this manually would be very difficult, so what these sites offer is software that searches out crypto price differences for you.

Both of these sites are very hot right now on YouTube, with folks making a ridiculous return using them.  But ..... bear in mind that the super-duper high returns are due to folks with popular YouTube channels getting lots of money from referral signups.  If you are good at networking, by all means don't pass up building a "team" under you!  

1. Cryptos OTC  -  https://www.cotps.com#/pages/login/register?invite=767378 .  If you can only invest in one site, this is the one I think you should try.  It does involve some manual intervention during the day, but I kinda enjoy that.  (Then again, I'm retired with nothing better to do!)

2. MetaFiYielders  -  https://metafiyielders.com/?ref=arph001 .   


The next two sites are what are known as "miners", which I guess is current crypto jargon for modified Ponzi schemes.  These are even more risky than the arbitrage sites, so DO NOT PUT MONEY INTO THEM THAT YOU CAN NOT AFFORD TO LOSE!  However, folks on YouTube are crowing about how much money they have made on Baked Beans, so maybe you will too?

These two sites have to be "attached" to a compatible wallet.  I have used both Trust Wallet and Infinity Wallet to link to sites like these successfully, but I will admit that if you have never done it before, there is quite a learning curve involved.

3. Baked Beans  -  https://bakedbeans.io?ref=0xC811A4DecA981c53A4b020d3ECFbC6ac6 .  This site **may** have its best moments behind it now, so "invest" cautiously.

4. Turd Burglar  -  https://turdburglar.io?ref=0x28b4463C8cdc189c1767A5d8a72E52555B9c1092 .  Due to the success of Baked Beans, a whole bunch of copycat Dapps were released which, in some cases, did nothing more than change the name of the contract.  A YouTuber I follow, Justin Pratt, got disgusted with all these cheap imitations, so he created one of his own, the illustrious "Turd Burglar".   How could I NOT throw a hundred bucks into a project with such a fine pedigree?


Finally, if you know me from Noise.cash, (I post there as OldBastard - come join me!  https://noise.cash/u/OldBastard ), I have written about the THORWallet app on that site before.  Despite being promoted by many prominent YouTubers as a great DeFi app, I have found it to be nothing more than another place to HODL coins.  Of course, it is probable that I am just too stupid to know how to use it properly, but it doesn't seem like a powerful income generator to me.   


Comments

Post a Comment

Popular posts from this blog

Phooey on Making Money Online!!

-
Image
  Well poop!  With the latest make-money-online fiasco, (coinpot.co turned out, after two years, to be a scam), I've pretty much given up on all these "instant online riches".  Yeah, if I had listened to my own advice , I'd be better off.  But no one has ever accused me of NOT being hard headed.  (Hey, wanna buy some really cool mosquito t-shirts? ) Since the goal of raking in vast globs of wealth via this blog seem to be nothing more than an illusion, the question arises: what the heck should I do with it? Well ...... just because I absolutely SUCK at all forms of sales and salesmanship, doesn't mean I can't use the internet to increase my wealth.  I'll just have to stick to investing, (or speculating, as the case may be). Another blog on investing?  Ugh.  Listen, just buy a good, low cost mutual fund, (most Vanguard funds are safe choices), and use dollar cost averaging to add to your investments.  Do this faithfully, and you'll eventually be wealthy
Read more

Play it Safe, or Shoot for the Moon

-
Image
One of the dilemmas anyone attempting to make money online will eventually face is whether to play it safe, and make a guaranteed, but tiny amount, or go for the big payout, with the risk of earning absolutely nothing. " Slow but steady " may indeed win the race, but if your income is only pennies a day, I don't see how you can't help but be overwhelmed by expenses. At this point I feel obligated to point out that the prudent path in life is to acquire a skill or three people are willing to pay big money for, (said skills are often difficult and time consuming to learn), and then WORK HARD AND LIVE BELOW YOUR MEANS .  Ideally then your income will exceed your expenses, and you can blow the excess on wild living place any leftover loot in the stable investments of your choice.  Like they say, it's not rocket surgery .  However, this is a blog about making "easy" online money , so we'll just ignore that sage advice. So you majored in Art Appreciatio
Read more

Brief Recap - Novice Affiliate, and a History of Failure

-
The purpose of this blog is to test a few of the multitude of " Get Rich Quick! " schemes on the unholy-tube , and see if just maybe any of them will actually generate a buck or two.  However, before launching face first into this fool's errand, we thought it might be wise to give a quick summary of our " success " generating online income to date. Years ago we managed to snag the fantastic title, " Novice Affiliate " for our fledgling channel.  If you look at our videos , (a sometimes painful task!), you'll discover that we really have NOT done all that well. We did have an Amazon based tea store, using a method we learned about from Franklin Hatchett .  That store was slowly building up a customer base, when the poop heads at Bluehost accused us of introducing viruses onto their servers, and yanked our webpages.  (Beware of ANYONE trying to get you to signup with Bluehost!!)  With the loss of our online tea store our affiliate income basically d
Read more