[Trading] Trying SBD and STEEM Arbitrage (again!)
With the inclusion of the SBD and STEEM in the Korean exchange, the value had a nice increase:
Portuguese version here: https://steemit.com/pt/@andre3301/trading-tentando-arbitrar-sbd-e-steem-de-novo
I think the Koreans do not quite understand the meaning of SBD, which is Steem BASED DOLLAR. That is, in theory, should be very close to 1: 1
however, it is still inflated, as we can see in the SBD-USD quote pair:
Unfortunately, I noticed the pump a little late, it was already downtrending well, but I was able to transfer some SBD that I had here in steemit to bittrex and sell them.
After this, I'm hoping to devalue for re-purchase ....
Oddly, he's having a lot more endurance than I anticipated. I believe that this resistance is simply ignorance of the collective consciousness, which speculates in the tokens without knowing its fundamentals.
It's still at 15,500satoshi, when below 12,500 I will buy:)
I totally agree that speculators don't understand the fundamentals. It cracks me up when I see these crazy runs in SBD.
I started keeping my liquid Steem/SBD on exchange instead of on blockchain, and transferring to Steem only when I need it, so that I have more flexibility to take profits on this swings and then buy back in when things subside.
makes sense, i'll was holding on exchange when the second pump happened and profit a bit more
So now you know how it works! (:
The first pump caught me totally by surprise too... and it was actually your earlier post about the arbitrage that led me to figure out my new approach. So thank you for that.
Muito obrigado!
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Amazing post, keep up the good work!
Thats interesting. Thank you for sharing.
@rabbi18
thankyou sir : )
hi i am arahim . please upvote my post, @rahim95
This is not a good mindset my dear...
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done chk it and my post voting bro
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