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RE: Poloniex enables steem deposits again. I still don't see my deposit in my balance.
I just think you may get caught out losing more than you think through transaction fees and commissions. When arbitrage opportunities are small, often it is purely that cost of doing the arbitrage that creates the difference.
I had that in mind. As per my balance, I was expected to make a $34 gain on one such activity on prices of last 2-3 days. Now though, the opportunity is gone. I don't know why but the difference has fast disappeared.
Each exchange is a marketplace, and has its own price discovery process. There are specialists who arbtrage all the time not just in the cryptocurrency exchange markets, but all kinds of other financial instruments, and even physical goods, and services that can be delivered electronically. In fact, the reason why I live in eastern europe, aside from that I like it here, is the arbitrage of many prices for necessities, which has a price differential due mainly to taxation. I earn the money in markets where my labors are worth more, and then I can spend them here, where the prices are lower.
I think the opportunity is now lost. I will have to wait for SBD price to go up or send them back to Steemit and power up may be.