STEEM DOLLAR currently 48% overvalued at Poloniex. Trade safe!

holzmichl (46)in #steemit • 8 years ago (edited)

Hello,

Steem Dollars SBD are currently traded at 0.0022 Bitcoin

But one Bitcoin is currently worth 673 USD.

So 1 Steem Dollar SBD is currently worth 1.48 USD.

(1 SBD = 673 USD/BTC * 0.0022 BTC/SBD = 1.4806 USD)

Do the math.

Best regards,
holzmichl

#trading #money #investment

8 years ago in #steemit by holzmichl (46)

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Sort:

pipokinha (62) 8 years ago (edited)

They are trying to caught people that are distracted

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nelu.ceban (60) 8 years ago (edited)

on coinmarket steem dollars is 12.6 $, and 0.01842360 BTC
but they dont updated with poloniex,
only with bittrex and steem internal market
http://coinmarketcap.com/currencies/steem-dollars/#markets

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joachim (55) 8 years ago

Always double check prices, and preferably check several exchanges as well.

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hanumanthehumane (37) 8 years ago

So maybe time for more arbitrage https://steemit.com/steem/@cryptorune/steem-dollar-poloniex-pump-is-a-arbitrage-goldmine

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jl777 (62) 8 years ago

I did the math: https://steemit.com/steem/@jl777/sbd-at-0025-btc-how-is-this-making-any-sense-i-explain-what-happened-with-the-pricings-today

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STEEM 0.31

TRX 0.11

JST 0.033

BTC 64550.89

ETH 3156.32

USDT 1.00

SBD 4.30