Are you using the internal market? Why not

in money •  6 years ago 

So you suck at writing posts? Get in line, we all do. Do you still want to make money? If not log off. If you do then use the volatile nature of the internal market to your advantage. It costs nothing to trade and it is a simple game of follow the leader.



You gain access to this wonderful world through your wallet.
market1.JPG




Once you have clicked there you basically swap your sbd or steem on which ever side is the tall block.
market2.JPG



DQmSFV9qyunZBRXtfb2xaf1LJYkW9S5XpwSpiARmQo5ZH1q_1680x8400.png

The important part is to make sure and keep track of this little number. Basically if I buy steem using 100 SBD when that is $1.12 and sell the steem back to being SBD when it is $1.17 I get about 4.5 free SBD . Then you turn around and sell the SBD for steem when the number goes down again, rinse, lather, repeat over and over again. Super easy and free to do thanks to steemit.

market3.JPG

DISCLAIMER: This is not financial advice. This is just me taking advantage of the system

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Fee free aye! That's great. I haven't been there yet but I'll be sure to stop by just as soon as I've earned enough SBD 😎👍

Have you actually made any profits with this method?

Here is what I moved today. the left column is the going rate. I changed the right column to reflect where I plan to sell / sold the last batch and i input the number of steem i just bought. so the sbd will be the new amount of SBD I get. Then I simply sit on it and wait for steem and SBD to get close in pice again. So I will make roughly 10 SBD once I get the spread I want.

market4.JPG

yeah. I usually move 100 sbd at a time and on a normal roation of SBD -STEEM-SBD I make about 4 or 5 SBD per roll.

EDIT: this is usually something I set a limit on overnight so if it changes where I think it will I am making money while I sleep.

look at these 2 graphs. same time frame. since SBD is not traded on very many places and steem is traded on more places, everyone panic selling and buying created a predictable vacuum on SBD usually. Then the payouts and the payment to bots helps level it out so you can reverse sell and then wait for the panic idiots again. It is truely a beautiful cycle once you sit back and watch it. I just circled one instance where the price split went crazy. Logically speaking if everyone dumps one to buy the other then ones price will go down and one will go up. If you put a bid in ahead of time anticipating the heards actions you can make money just be watching what people do. See how one goes full red and one goes full green? That is from the panic sell of one for the other.

steem.JPG



sbd.JPG

can't wait to see what happens when @freedom sells all his sbd :)

:)

Sbd price should dump and steem price should go up if he swaps it on internal market. Which would be great for me since i have almost all steem right now.

No, because busy.org does not have it (yet?)
Steemit nags me with a policy wall and i do not agree with a policy wall system that can block access to my coins, and use that as a pressure tool to FORCE ME to submit to that bullshit.
In todays world a website should respect peoples privacy by default, and not trick people into submission to crap that undermines our privacy.

Great tip. I keep wondering why I didn't think of that before, lol

Great Tip, Thanks