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RE: How to buy a Steem Dollar for less than a Dollar

in #steem8 years ago

Managed to get on 0.000341s in bitcoin. which is around 0.23 cents and I bought Steem for around 0.313 for 1000 Steem which is at a 36% premium. Looking at the internal market it looks like there are just liquidity bots all the way down to 0.3s with 50 steem purchases.

@anonimau5

The disparity may get wider ( in which case I'll just keep buying Steem Dollars), but it just dropped from 60% to 36% in a couple of hours, most of the bids in the internal market look like a liquidity bot in 50 steem chunks. I have confidence that the overall market cap of steem can absorb the 300-400k payout and the steem dollar will reach a value of $1. Plus I view today as a special case where people don't really care what price they're getting, they're just 'testing' to see if it works. I'll happily take the other side of the trade in that case :).

@will-zewe

Not that I'm aware of, it's all pretty basic. Even going to market needs some work right now, if there's a bid of 0.312 that I want to sell then I have to sell for 0.311 or else my order just shows up as an offer of 0.312.

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