RE: Are You Converting SBD to STEEM?

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Are You Converting SBD to STEEM?

in sbd •  6 years ago 

why does it look to me like you are losing Steem??

Did you start with 100 and now you only have 97.9? You lost 2 Steem!

sbd
6 years ago by

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      ·  6 years ago (edited)

    Yes, from four convertions I've lost twice and profited twice too. Counted all together it was some tiny profit in Steem terms.
    I've started with 400 Steem ( devided in four 100 shots ) and ended with 401 Steem something.
    However I've just bought SBD for Steem at the market price and that isn't the optimal strategy of course. Instead I could just place my order a few decimals higher and wait for it to be filled.
    These few % would make all the difference.

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        ·  6 years ago 

      That make sense

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          ·  6 years ago 

        Since I've started the new strategy I made about 50 conversions and all of them were profitable in Steem terms.

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            ·  6 years ago 

          Thx for prompt reply @svamiva

          I was also wondering how much time did it all take? Invested time need to be considered as well.

          Yours
          Piotr

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              ·  6 years ago 

            Invested time is less then time for reading my feed )
            However when we are in "haircut" area the amount of Steem converted is very much predictable. Now when we are out of it I fully expect bigger fluctuations and as a consequence making loss sometimes.
            Time will tell.

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                ·  6 years ago 

              again thank you for being so responsive @svamiva

              I appreciate it a lot. Yours, Piotr

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