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The original was posted on /r/cryptocurrency by /u/Versace__01 on 2023-12-21 14:47:10.
Let's say a person has $5k in cash they want to invest in crypto (we will just use BTC though for this example).
They open an account and see on the trading platform BTC is worth $4,000. But there is a website that is more up to the second that shows BTC is now at $4,100. You buy the BTC for $4,000 instantly and within a minute it is at $4,100. You sell the BTC because you see on the website is it now down to $4,050.
Someone I know claims they have been doing this for years and they even trade short BTC stuff like BITI using the strategy.
Total BS or an actual hack? I was thinking there is no way this is a thing because then everyone would do it. I also think most platforms (i.e. Robinhood, Coinbase, Binance) have even changed my trading amount a little to reflect the actual cost of the crypto, which is not always what is on the screen so therefor this hack would not work...
Now I can't stop thinking about it lol...