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RE: PoloniEX to De-List Coins 5th-Sept - Including BitUSD and DAO - How Can You Profit From This Event With Bitshares and Blocktrades?

in #bitshares • 8 years ago (edited)

Currently If you send 1.0 BitUSD, Blocktrades will send you 0.00155699 BTC

Current price of BitUSD on POLO has shot up quicker than i thought when i posted this but it was 0.00145 and is currently 0.00152.

i do not suggest buying at market; set your bids and let the traders exiting dump on your favourable position.

8 years ago in #bitshares by
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     8 years ago  

    Thanks for the reply.
    Sorry I forgot to check the market history! You were absolutly right!
    I also just looked the other possibility what you suggested. Buying bitusd and selling it for BTS or steem at openledger. That is still working fine.

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       8 years ago  

      damn wish i had of refreshed and seen you comment before make the calcs below; Cheers mate

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         8 years ago  

        I am sorry for your extra work.
        I was confused when I didn't see the arb opportunity, and I haven't got my morning coffee, so I forgot to check the market history. :) But I think your calculation also helps other readers to understand your point.

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        • Past Payouts $0.94
        • - Author $0.89
        • - Curators $0.05
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