TRADING STEEMIT on Poloniex like a boss!! Anyone else making FREE MONEY on the large spread?
These spreads on Poloniex are insane!! I worked for 5 years as an investment banker at a large Belgian Investment bank. I'm making ~63 usd in 20 minutes at the moment.
Anyone else surfing these delicious spreads?
Currently a spread of 48.6%!!
(percentage difference between lowest ask or sell order and highest bid or buy order)
Proof of my trade history, doing nothing else than placing buy orders above highest bid order and putting sell orders under lowest sell order.
It seems like there is very little activity though,
Arbitrage between polo and bitrex was good too for a little while
Yup that's why the spread is so large. Small liquidity leads to high price swings, and thus opportunities for a quick trader to grab free money :)