I get 93 Steem in 9 days (investing in Steemmonster)
First of all - This was a lucky strike. But I have been thinking of Splinterlandcard as a hedge vs Steem this summer and this case show that it can work.
93 Steem in 9 days - one card buy/sell
Nine days ago it was possible to buy a Golden Black Dragon for 86 USD. I think it was strange because the next card was selling for 99 USD. A BIG GAP.
I was thinking - Maybe I can buy it and just put in at the market for 98 USD.
I did it but nobody bought it. I was lowering the price to 96 USD and today it was sold.
Buy for 86USD and sell for 96 USD = earn 10 USD. That is about 33 Steem.
But at the same time the value of steem has decrease a lot.
I bought for 86USD when the value was 0,37 USD/steem.
I sold for 96USD when the vaue was 0,29 USD/steem
SO - Buy for 231 steem - sold for 324 steem.
Can Steemmonster be use as a hedge for valuedropping in Steem? Yes - But it is a risky way because you need someone who buy your cards..,
At the same time I see that it has to some people earning money for trading steemmonsters.
- Find gap - buy and sell higher
- Buy cards when you think Steem will go down. Sell when steem is lower.
- Buy cards that are undervalued and sell in the end of a season (specially the better cards)
Is it possible to see trends? To make technical analysis of steemmonstercards? I think so - But I am not the right man. I just happy for 96 Steem this time. My other Golden Black Dragon will I keep to the future - maybe...
Great profit margin. Selling cards when STEEM is low is a great way to make a lot of STEEM. And a good time to buy cards cheap is at the end of each season. Now the hard part is knowing when the market will turn.
I Think we going deeper, sadly. I Will try to sell Some cards If the value goes to 0.25.
But ...who knows
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Power down steem to buy steem monsters once price goes back up. Then sell them once price goes down 😁
😁
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Great hit on the gold legend that is a great pick up. Another thought, lease cards with the steem you just got for a month and turn all of that into DEC, as in a lot of it because with that much steem you could get either one or more virtually maxed out deck, or 4-5 decks with one maxed splinter and perhaps a very nice accumulation of dragon cards, playing the quest when your splinter comes up and just playing your capture rate down to 90% and then coming back later in like 11-12 hours when it reaches 100% again and just picking up DEC. Your call but congrats again on the find.
Nice idea.
Rent cards - play in 90-100%power - get a lot of DEC. Just play daily quest when right colour is daily quest with the rent cards. Maybe - If I just have Some time to play. Or let someone else play and take all winning cards (I keep dec)
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Well done for picking up that trend! That's a pretty sweet score!!
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Thanks ! Think I Will by a "hold-a-phone-at-my-back-thing
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