🚀 How My Friend Made $160,000 Last Month from Arbitrage 🚀

He used GPT-4 to write the system. Here’s how he did it 🧵👇

Understanding Arbitrage:
- The difference between prices on two platforms is called arbitrage.
- New tokens and presales create high volatility, offering profit opportunities.

Automating Arbitrage with Chat GPT:
- My friend, not a developer but familiar with prompts, automated this process.
- Anyone can create an arbitrage bot using this method.

Types of Arbitrage:
1. DEX ⇆ CEX
2. DEX ⇆ DEX
3. CEX ⇆ CEX
4. Complex forms involving multiple DEXs or CEXs

Key Events Creating Arbitrage Opportunities:
- Listings
- Token migrations
- Hacks

CEX - CEX Arbitrage
- Competitive due to market makers, but opportunities arise when their bots fail.
- Possible Issues:
- Closed deposits/withdrawals
- Account blockage and frozen funds
- Requirement:
- Verified KYC accounts on major exchanges like Binance.

DEX - DEX Arbitrage
- Challenge: MEV bots on one network
- Strategy: Use DEXs with their own pools and bridges across networks
- Steps:
- Get API from DEXs
- Use Chat GPT to create a structure covering each DEX and bridge
- Prepare trading logic (e.g., buy on DEX1, bridge, sell on DEX2)
- Possible Issues:
- Lack of liquidity
- Token migration
- High slippage
- Preparation:
- Deposit native tokens to popular networks (Solana, Ethereum, Base, Arbitrum, Optimism, BSC)
- Pre-approve protocols to expedite transactions

DEX - CEX Arbitrage
- Scenario: Price discrepancies between DEXs and CEXs
- Example: An Indian exchange hack caused a 5% spread between DEXs and CEXs for FLOKI and PEPE.
- **Action:** Combine scripts from previous parts into one cohesive program

Final Thoughts
- This thread covers only the basics.
- To succeed:
- Dive deep into protocols and possible routes
- Research thoroughly
- The hard work will yield incredible rewards.

#Arbitrage #CryptoTrading #GPT4 #Blockchain #DeFi

OpenAI claims that GPT-4 is more advanced in three significant areas, namely creativity, visual comprehension, and context handling. 

#ai #chatgpt #crypto2023 #GPT4

#Binance #BTC #GPT4
Bitcoin ♥️

AI's Role in Economic Growth: Potential Boost for Cryptocurrency, Insights from Palantir Co-Founder
$AI

According to CoinDesk, cryptocurrency could benefit from advances in artificial intelligence (AI) taking place in the economy, said Joe Lonsdale, co-founder of Palantir data analytics firm.

AI agents who use AI technology to perform specific tasks will likely use crypto during financial transactions, Lonsdale explained in an interview with CNBC's Squawk Box.

He said that bitcoin, ether, or solana would be one of the main options for these agents. "To coordinate AI agents with incentive systems, they will need to use crypto," he said.

Following the success of mainstream AI tools like ChatGPT last year, there have been many discussions at the intersection of artificial intelligence and crypto.

Lonsdale expressed his views on the drivers of bitcoin's price, when the U.S. ETFs are being traded in spot markets. He says that it mainly depends on the macro backdrop. "Will we have a massive deficit in 2025-2026 and spend money as a budget? If so, then which asset will be safe?" someone asked. "If inflation comes again... this is the story that some of my friends, who know me best about macro, are listening to. You can see that crypto can perform very well. #AI #ETFImpact #GPT4

OpenAI has introduced GPT4 Turbo, an upgraded version of ChatGPT, aimed at improving writing, mathematics, logical reasoning, and coding capabilities for paid users.

#OpenAI #BullorBear #openaiinsights #GPT4

7 ways to access #GPT4 for free! 🤯

1 - bing.com/new
2 - huggingface.co/spaces/ysharma/ChatGPT4
3 - ora.sh/openai/gpt4
4 - nat.dev
5 - poe.com
6 - merlin.foyer.work
7 - aidungeon.io

Time it took to reach 100 million users worldwide:

Telephone: 75 years
Mobile phone: 16 years
World Wide Web: 7 years
iTunes: 6.5 years
Twitter: 5 years
Facebook: 4.5 years
WhatsApp: 3.5 years
Instagram: 2.5 years
Apple App Store: 2 years
ChatGPT: 2 months
#GPT4 #crypto2023

NEWS FLASH: #chatgpt creator #OpenAI launches #GPT4 its most powerful #ai model.

OpenAI has launched its first Asia office, OpenAI Japan, and introduced a custom model, GPT-4, specifically designed for the Japanese language.

OpenAI Japan aims to create a positive impact on society through AI technology. 

#openai #BullorBear #ai #GPT4 #chatgpt