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RE: How to Purchase STEEM at a Discount on the Internal Markets by Locking in an 18% Margin of Safety - Profit on Undervalued Currencies and Increase Your Share of the Stake (SP) in the Ecosystem
Raphma I Am confused and I Am sure that I'm missing something but if I buy steem at poloniex or bittrex for 2.45 at this time and sell it for 2.90 on the steemit market I will be paid in sbd here on the market .And sbd are selling at a 17% discount on poloniex so I don't see how I can profit from this please show me step by step on what you are doing to make a profit trading this.
you are misunderstanding... the inside market here in steemit is Steem/SBD and i'm buying at 2.75 SBD and selling at 2.95 SBD, so 0.2 profit per steem (and we just a had a little change, it might go to 2.9buy and 3.1sell). i never said i was buying in bittrex/polo and selling here.
in bittrex, the market is steem/btc, so it's completely different and you need to take in account the value of steem/btc and sbd/btc.
raphma , thank you for the explanation