RE: Reviewing Week #1 of the Great BidBot Experience. Building with Buildawhale.

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Reviewing Week #1 of the Great BidBot Experience. Building with Buildawhale.

in bidbot •  7 years ago 

If I am reading this right, isn't 65 STEEM * 3.52 (current price) = $228.80. And 30 SBD * 3.09 (current price) = $91.50. So this means you have spent a total of $320.30 for a return of $301.19 which means you are actually -$20 in returns?

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You are right, if I was immediately cashing out to Fiat this would be a bit of a loss so far. But we have been that the market doesn't differentiate SBD as a "pegged" asset and is at least as likely to go up as Steem.

As I get further in to this I will be doing more SBD bids than Steem bids, so we will get a more accurate 1:1 comparison