Q- 🤷 Anyone Experienced w. Crypto Flash Loan Trading?
- Thread starter m1zz
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Hey all,
Don't do it, all that codes you see on the videos to "copy-paste" behind them had malicious codes that send all the "minimum needed $100" to the scammer.Hey all,
So I'm fairly new to the crypto world and wanted to ask those who have more experience...
I've been hearing a lot about making big profits using flash loans and flash loan bots..
for eg.
and it really seems like I'm missing out... I've never used money that's not mine to trade, and you can guess that the profits (and losses of course) were very minor..
But it seems like with some knowledge of solidity and blockchain networks, you can easily take out a flash loan and make some good profits...
My question is, has anyone had much experience with flash loan trading? To me, it just sounds a bit scary because we're talking big money!
Would love to hear about your experience??
More detailed:
Saint Gabriel
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- Jan 3, 2020
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m1zz
Well-known member
Wow I couldn't have guessed that 
thanks haven't tried it.
But in general, is it worth trying out using flash loans? Ive never tried trading using code, I used mostly binance platform etc.
thanks haven't tried it.But in general, is it worth trying out using flash loans? Ive never tried trading using code, I used mostly binance platform etc.
m1zz
Well-known member
So does anyone make any money in crypto??! :S Maybe only all the people that make a crypto course and sell it? lol
I've made about $1000 in crypto for free, but that was around 2014. Now you have to spend money first, with high risk of course if you want profit.
or maybe I am just wrong.
m1zz
Well-known member
Have you tried flash loans? it's basically running a smart contract, where you borrow (lots of) money, use it to make a transaction, like arbitrage or some form of trade, and within that same contract, you have to pay back the loan with interest. If you haven't paid it back, money returns to lender and the only thing you lose is gas fee. Sounds ridiculously amazing, but that's the conceptI've made about $1000 in crypto for free, but that was around 2014. Now you have to spend money first, with high risk of course if you want profit.
No one tried it??
personally i don't like concept of borrowing, but i am no longer interested in crypto, so maybe my knowledge nowadays is wrong. So make sure to read any review on reputable sites, not just some youtube video I suggest. Good luck!Have you tried flash loans? it's basically running a smart contract, where you borrow (lots of) money, use it to make a transaction, like arbitrage or some form of trade, and within that same contract, you have to pay back the loan with interest. If you haven't paid it back, money returns to lender and the only thing you lose is gas fee. Sounds ridiculously amazing, but that's the concept
No one tried it??
m1zz
Well-known member
Thanks
though I can't say I know any reputable reviews sites that aren't forgulent. Hard to trust anything online nowadays.
m1zz
Well-known member
I've been asking around everywhere, even people taking courses about this strategy but none of them succeeded in making something out of it =\
Hisaki
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- Aug 24, 2019
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