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RE: First Time I Felt FOMO This Bull Market
The difference you saw was because the internal market shows prices in HBD, and HBD was over a dollar...
80% of CEX trading was on Upbit, so this is a clear Korean pump and dump... btw. I don't know why people think that the internal market, is "only internal"... Those fund goes out and in from HIVE, making money for arbitrage bots... The internal market is as valid as any other market until you can deposit and withdraw funds... This reminds me of the CUB story when it wasn't possible to do it for days, and the price was way off than the "regular" one...
Let's see if I will get 15% more HIVE on the way down... I did risk some HIVE to get more... 😃 (tbh, deep inside, I would like to NOT get any.. and to see this price holding and going further up... 😂)
Yes, I know the internal market is in HBD, but HBD wasn't so high to justify a 10%+ difference. There was an arbitrage opportunity for those who had full access to Binance.
Maybe it was an Upbit move entirely and I just got the FOMO by watching the transactions.
You may very well make some profit after this. I hope you do!
HBD was at $1.08 at the peak this morning, but I do agree, that there were many arbitrage opportunities... the problem was the lack of HBD, I suppose... Speaking of that, if you like safe bets, there is an arbitrage opportunity even on HBD-SWAP.HBD... We have a new player in town who does those exchanges, and you can even earn doing it during this kind of event...
https://hbd.uswap.app/
But there is very low liquidity as they just started it...
Not sure about it as HIVE is still holding nicely!!! It looks like a FOMO hit for some peeps on HIVE but in the opposite way of what it hit you... People are afraid that they will miss HIVE at $1 and buy it after the Korean pump... nice side-effect of pump and dump schemes! 🙂
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