Hello Everyone over here,
I know everyone has started an amazing year, with Alot of Joy and Fun, but When it comes to Myself, With A Loss Of 80 Hive This Year didnt start As well as I hoped to, and as I am living in Afghanistan, which is full of problems that makes it worse.
By the Way, I want to write this post about My loss just happened 30 minutes ago in steem-engine.net, I hope this post can help others to avoid losing their hard earned money and make them aware of the sadden scams happening in the network,
ALRIGHT, before I start to talking about my loss, I want to write something about myself so the question why do I use Steem-engine.net gets answered,
I am a Arbitrage trader, I do spend most of my times daily to just check different exchanges and find out Arbitrage trading opportunities, where I can get crypto bought and sold between exchanges, If you want to learn more about What Arbitrage trading is, I found This Article from investopedia to help. if you check my Hive wallet, or hive-engine you can figure out how good am I in this arbitrage trading in hive.
So Let's Go To The Point.
As always I was checking for Arbitrage trading opportunities, checking different exchanges, usually I keep checking, Beeswap, Hive-engine, Steem-engine, Leodex, tribaldex And blocktrades to find price differences, After this loss I think I have to remove steem-engine from this list by the way,
I found that HBDP is provided at lower price in Steem-engine,
I did a little math, and found it out that if I buy HBD from steem-engine, withdraw it, to hive wallet, or beeswap, I can make 10-20% in a single trade,
I got myself ready with 80hive and purchased 288 Swap.steem from hive-engine and withdrew it to my Steemit wallet for depositing into Steem-engine.net
So I received 285 steem into my steemitwallet and the deposited into my steem-engine.net, everything went will and costed me another %1 depositing fee, which I was very cool with that because I was thinking I make around 20% in a single trade,
Without anymore pressure, I just purchased 140 HBD from steem-engine,
and then when I looked the withdraw this, i found out that THERE IS NO WITHDRAWAL option for HBDP, in steem-engine and so this is probably a shit coins someone made to steal money from lazy people like me,
Lessons I learned from this Mistake.
- be very careful when using steem-engine
- be very very very careful when deciding to this SE
- Always Remember to be careful with Steem-engine
I am not going to start any FUD or something this is my Mistake and I am fully responsible for it, I would just want to kindly suggest @aggroed to check these tokens know steem-engine and try to avoid them so People Like me won't loss more money again in the future while using steem-engine,
A LOSS but NOT A LOST
this Loss happened but it's not stopping me, I just recovered this loss with BNB, deposited into hive-engine and purchased much more SWAP.HIVE to keep my trading going on,
I wish everyone had an amazing year 2021 and start 2022 with a big WIN, dont be like me and losing,
Your comments appreciated, Happy New Year
Dear @shujja,
Your support for our previous proposal has been much appreciated but it expired end of December!
Do you mind renewing your vote to our proposal for 2022 so our team can continue its work!
You can do it on Peakd, ecency,
https://peakd.com/me/proposals/199
We wish you a Happy New Year!