Steem Dollar Arbitrage

in #steem7 years ago

SBD is trading at a substantial discount to $1 USD again. The way it is set up, as long as Steem is viable and exchangeable for another week, SBD should be worth basically a $1 (+/-) a penny perhaps depending on the circumstances. Every time there is a crypto sell-off, it seems to get caught up in the mix, but it always gets back to a dollar in short order.

It's currently at around 90 cents and 92 cents on Poloniex and Bittrex specifically. Good time to buy for quick, risk-free (more or less) 10% gains.

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Interesting.
I did not notice it.
Thank you

It has recovered a bit, but still at around 95/95 cents, so still opportunity for a quick flip.

Always good for a quick bit of money... Wish I would have been around when you published this.

History would suggest your next opportunity is less than a week away.

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