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RE: SBD Conversions Are Profitable Again! 10-15% Every 3.5 days!

in #steem6 years ago

haircut rule kicked in making the conversion risky and unprofitable

In fact the haircut rule do make convertions less risky and more predictable, you mostly would know to decimals the amount of Steem you'll get after 3.5 days.

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Do you know what would that be in percentage terms?

Well, it really depends )
However the stated 15% would be only theorethicaly possible.
One thing is, while you probably could get "good" price if you want to buy 100 SBD, you can't expect your order to be filled at the same price if you want to buy 10000 SBD.
So the game is usually getting 3-5% on many convertions of about 100 SBD each rather then waiting for your luck of getting 15% on 10000 SBD. That sort of "jackpot" wouldn't happen really often.

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