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RE: Synereo (Amps) Temporary Arbitrage Opportunities
Thanks for the info. It seems the market already priced in the max discount on ICO.
Last Price
0.00028610
24hr Change
-8.64%
24hr High
0.00031679
So unless people plan to buy 200BTC+ it's better to buy at poloniex.
Keep in mind a whale who wants to get in with any serious amount can't buy at market price because he will buy the price up and pay more. If he buys at offering he can buy all for a set price and not have to worry about sell volume being adequate.
I'm with you on that one. My comment was not about whales, but rather the "sharks", those cowards that usually sit and wait with deep-out-of-the-money bids waiting for a dump. While the dominant volumes were to the upside over the past few weeks (1-1,7mill USD a day), the corrective dump days were at 100k-600k USD a day.