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RE: Are You Converting SBD to STEEM?
I've made an convertion experiment recently, which was spending 100 Steem for buying SBD on the internal market and then converting the SBD bought, making it four days in a row. You can see from the screenshot that it doesn't really a goldmine.
However for someone who is willing just power up some Steem, to buy some SBD and convert it seem to be a better option.
why does it look to me like you are losing Steem??
Did you start with 100 and now you only have 97.9? You lost 2 Steem!
Yes, from four convertions I've lost twice and profited twice too. Counted all together it was some tiny profit in Steem terms.
I've started with 400 Steem ( devided in four 100 shots ) and ended with 401 Steem something.
However I've just bought SBD for Steem at the market price and that isn't the optimal strategy of course. Instead I could just place my order a few decimals higher and wait for it to be filled.
These few % would make all the difference.
That make sense
Since I've started the new strategy I made about 50 conversions and all of them were profitable in Steem terms.
Thx for prompt reply @svamiva
I was also wondering how much time did it all take? Invested time need to be considered as well.
Yours
Piotr
Invested time is less then time for reading my feed )
However when we are in "haircut" area the amount of Steem converted is very much predictable. Now when we are out of it I fully expect bigger fluctuations and as a consequence making loss sometimes.
Time will tell.
again thank you for being so responsive @svamiva
I appreciate it a lot. Yours, Piotr
Thanks for sharing those details @svamiva
Cheers, Piotr