So much arbitrage - share your stories!
I have to admit I'm a bit smarter this time around - and if you are waking up too I invite you to read along and see if you are seeing all the same strategies.
BeeSwap is my favorite tool to soak up much of this arbitrage, I have been happy enough swapping between HIVE and Swap.HIVE at a profit for many days now. I even let some other people know just in case someone wanted to get in on this fun stuff:
Needless to say, I arb'ed into swap.hive right before the pump went through, leaving me with tons of swap.HIVE and no liquid HIVE - with the internal market pumping to over 32 cents and Swap.HBD:Swap.HIVE stubbornly not budging on the hive-engine side.
I waited for like 20 minutes until I realized....wait - I can arb this!
Oh baby did we arb this! Buy cheap swap.hive, withdraw on tribaldex, dump on internal market for HBD, deposit on tribaldex. What a rush. We went around - and it didn't take long for that arb to close up as the HIVE price was pushed up across Hive-Engine:
But in that same token, Hive-Engine prices are now remaining stubbornly high as HIVE pulls back on the exchanges - the arb is still running, now the other way! Look again at the first image - now we can get paid to get liquid HIVE and turn in our swap.HIVE!
The arb seemingly never ceases - and this is an indicator to me. Instead of possibly executing an arb once or several times a month, the frequency seems to be increasing. This is a good sign - things are developing as we have anticipated, and we are well positioned to continue to support the market - profitably.
Be careful of bear traps at this point in the cycle - it is the most dangerous error relative to a new bull cycle. Use rounded arbitrages and other strategies to make sure you don't get stopped out too early in the cycle - assuming you believe as I do that we are "just getting started".
How did last night go for you?
I will be upvoting my favorite stories of what you did, and how you felt, when you noticed HIVE starting to pump (as BTC pulled back).
A nice one was to convert SPS to dec when SPS pumped, you have to be a splinterlands player though.
good job!
i swapped my hive to hbd when hive was 0.31, and swapped back at 0.27 i think
i should have waited a bit more, but hey, free profit is free profit
The hardest part is waiting three days 🙈
My arb was getting alpha vials, which I briefly wrote about, and getting some SIM ammount to complement a bit over 1 Mi sp, now just some time for the average catch up... We are expecting a bull run until next year, so plenty of time to arb into hbd maybe would be right thing?
Idk why but I just take this chart into consideration when thinking about it...
Yes, definitely don't want to end up holding the bag too early on dollars while crypto is pumping 😅 but at the same time we expect it will get too heated and should start planning now what vehicle we hope to hold profits in.
I also caught the SIM dump bottom, took advantage to plop a whole bunch into the SIM pool, its up 5% since !
I am the absolute worst at trading and fucked up and missed the bottom to convert my HBD to Hive. You all amaze me being able to do this shit.
I don't understand trading very much, but I see you did well. I only buy low and sell when I see that I have a profit. Good to hear from you my friend. Regards
Get ready for the Activation of U.S. Crypt-Coinage... It will be stable and 100% backed by U.S. Gold Coinage...
It was a great night.
I was really excited when I saw HIVE starting to pump as BTC pulled back.
!LOLZ
!BBH
lolztoken.com
You have to try their New Delhi
Credit: reddit
@ecoinstant, I sent you an $LOLZ on behalf of edgerik
(4/10)
@ecoinstant! @edgerik likes your content! so I just sent 1 BBH to your account on behalf of @edgerik. (9/50)