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RE: What the Heck are Bids and Asks? And, me trading my STEEM for HIVE

in OCD5 years ago (edited)


Thanks to you for appreciating my post :)
With my post I wanted to help those who were not registered on any exchange and needed to convert their STEEM to HIVE and I am very happy that it has been useful to many users :)hi @clarkeveretts

The 1.38989000 (Hivep) and 0.6503100 (SWAP.STEEM) values are not the input values that I used in the conversion operation.
For this reason you are not with my results if you use them.
The purpose of this image:
image.png

was only to visually show what data is to be monitored.

For example (conversion using the Hive Engine) when I converted 1 STEEM, the sales value of 1 SWAP.STEEM was 0.9
(1 STEEM - 1% = 0.99 SWAP.STEEM)
So 0.99 * 0.9 = 0.891
From this result I took away the 1% Hive Engine commission
0.891 - (0.891 * 1/100) = 0.88209 which approximated returns the result of 0.8821

image.png

!BEER

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Thanks for taking the time to reply. I was hoping you would! :-) I'll review your comment in detail after work today and see what I missed previously. Thanks again!