Good evening / morning steemit community.
Today's news is about Steem dolars in Poloniex.
Everyone has been complaining about steem dolars being undervalued in poloniex comparing to bittrex price since steem dolars got their first pump to 3$ then to 5$, 9$ and now up to 13$ in bittrex and if the demand and supply goes at this rate i surely expect steem and steem dolars to increase dramatically in the next upcoming months.
Since the price of Steem dolars in poloniex was 50% lower then bittrex, people started using their bitcoins to buy SBD and transfer them into their www.Steemit.com accounts , then from steemit they sended them into bittrex and sell them for the original price in bittrex.
For example if the Steem dolar price on bittrex was 12.40 $ people have bought it on poloniex around 6.20$ or 6.40$ and they sended it into steemit then from steemit they sended it back to steemit.
Even though they paid the fees , this method was really profitable for those who calculated everything and had the trading skills and the knowledge of it.
Speaking of myself i could not do it until last week. The reason was because , i had my bittrex fully verified but my poloniex unverified.
I waited 2 weeks for the confirmation and when it got verified i deposited around 100 dolars of bitcoin into poloniex and bought SBD and i did the move. Then i was finaly happy to have some more BTC into my wallet wich im still keeping on bittrex to make trades and try to earn anything out of that.
"Anyway, ATTENTION this blog is not for predictions or any sort of investment advices, i just gave away freely my opinion about steem & steem dolars wich i can be wrong of course its just an opinion."
- Here you have the Steem Dolar price change of this week in coinmarketcap shown in the picture.
- Here you have the Steem Dolar markets in wich Bittrex and Poloniex have the same price and that means it has been fixed since the price of SBD in poloniex was half of the price that was on bittrex.
- On this image you have the price of Steem Dolars and Steem in www.Poloniex.com @poloniex .
- And the last image is shown the Price of Steem dolars and Steem in www.Bittrex.com @bittrex .
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$16705.43 USD/BTCVolume: 146251.81 BTC ($2443199497.29 USD)Last Updated Thu Dec 21 00:58:42 2017xD
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Its a nice one indeed
That's glory matter to steemit commmuntiy Steemit dollar increasing day by day.So we should working continue on steemit.
Ye thats true i totally agree
yes friend
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