Steem and Steem Dollar deposits and withdrawals are temporarily disabled on Poloniex driving prices artificially high especially for Steem Dollars which is up to 0.00066150. Meanwhile, the price on Bittrex was 0.00058146 when I started writing this but now after all I bought up to 0.00063620. Guess which price Blocktrades was using at the time I posted this?
It seems Blocktrades within an hour of me posting this stopped sending transactions out until they setup a new exchange with liquidity! Now six hours later they have it pegged onto another exchange which might be Bittrex. My hope in posting this was that someone at blocktrades will see this and it seems they have!
What I did before the fix:
- Buy Steem Dollars with Bitcoin on https://bittrex.com/Market/Index?MarketName=BTC-SBD
- Send Steem Dollars to https://blocktrades.us/
- Change Steem Dollars to Litecoin on Blocktrades because Litecoin has the deposit confirmed within 20 minutes of the initiation of the withdrawal meaning 20 minute turnaround time.
- Sell the Litecoin to Bitcoin on Bittrex at https://bittrex.com/Market/Index?MarketName=BTC-LTC
Before I have even finished posting this, the market has corrected mostly by the price blowing up on Bittrex because of me and other traders buying all the SBD they can with seeing the price on Poloniex. I am grateful I earned a total of $799.73 doing this today in a couple hours.
Update 20 minutes after posting! This system is still working as more sell orders come in on Blocktrades! I am making about 2 to 3 Litecoin every 20 to 30 minutes! New Steem Dollars sell orders are in driving the price down making it worth about 10% on $1,000 or around $100 just to cycle through one transaction on Blocktrades! As to why Poloniex disabled Steem and Steem Dollars, I am not sure! If you know why, would you share in the comments because then I will update this post to include that?
Update 1 hour after posting! Blocktrades switched the exchange they were using for liquidity and is working at the right price again! If they have to do it manually every time, this will continue to be available for any future imbalances.
Thank you for reading this! If you enjoyed this post or found it helpful, would you please upvote this 100% because that helps motivate me to keep giving you more like this each day?
Love,
Jerry Banfield
Any news abut it?
sent 16 steem about 14 days ago, one day before they switched off the wallet, nothing has arrived so far.
I'm not even open the ticket, 'cause I think it's kinda useless action for now.
Send SBD to polo and nothing in polo almost 30 min!
You can transfer now
Steem Power and beyond.. lol
Nice one, I think is better to turn right ^^
Steemit MONEY making strategy .......it's kind of HACK steemit
https://steemit.com/security/@kaiju/steemit-money-making-strategy-and-trick-it-s-kind-of-hack-steemit
great post
Really awesome post....
How to make a months salary in just a day! This is an incredible loophole, I'm sure it's going to get patched soon! Thanks for this post @jerrybanfield
Amen to that buddy..fired up and ready to go...get them steem and power up!!! win win for all, Upvoted and following you. We gonna turn steemit to a rocket and power it up!!!
Yes. I am beginning to Believe!
LoVe
Very good post, i love when you said in a yt video, Jerry none of these posts are short-_-
I don't think you realize what you mean to me
Not the slightest clue
'Cause me and you were like a crew
I was like your sidekick
Love, from sweden
I was just able to get my STEEM from Poloniex. I think the wallet is working. Get your coin and Run!
Nice bit of arbitrage you caught.
Any idea when Poloniex will reenable the Steem wallet? I'm wanting to power up more lol..
thank you.
Poloniex is afraid of the power of steem
#markdidnothingwrong
meep
Lol
meep
i support "i only say meep" !
Except coke and hookers!!!
I hope u like it
Steemit MONEY making strategy and TRICK.......it's kind of HACK steemit
https://steemit.com/security/@kaiju/steemit-money-making-strategy-and-trick-it-s-kind-of-hack-steemit
This gave me a good laugh. Poor Mark!
So true!
Haha I agree, upvoted..we will attack Polo with steem power and take over..hahaahs
Good one @jerrybanfield keep steeming bro
I'm gonna slap Poloniex 😂
Steem Forever!
Yeah I need to get my Steem out of Polo so i can...Power up!!
@ikegass33 I sent my little steemies to Bittrex and then to Steemit. Bittrex seems good so far -after 3 transactions. LoVe
I'm just waiting to see the Poloniex blog pop up with millions of Steem Power behind it... Hopefully nothing shady going on here!
More likely to be powered by troll power!
@jerrybanfield
Damn, I missed it. Got to keep an eye out for your posts!
Also ETH deposits and withdrawals which is even more concerning imho
Whoa, very interesting! I look forward to your posts Jerry! Keep up the good work!
Just like the Ether Crash....i missed out on it :(
I hope u like it
Steemit MONEY making strategy and TRICK.......it's kind of HACK steemit
https://steemit.com/security/@kaiju/steemit-money-making-strategy-and-trick-it-s-kind-of-hack-steemit
@paco the rumor is -things are going to be priced low until the Aug 1 BTC Spork clears. hopefully a season to relax and build ? ^ LoVe.
Thank you i will keep that in mind. I'll keep building my Steem account gain. I once had over 50k but i sold i fear of it becoming a scam. lol on me. :(
@Jerrybanfield, well spoken my friend! I noticed yesterday that Poloniex Disabled Steem but I never thought to consider writing an article about it! Thank you for bringing this to everyone elses attention!
haha>>>>NICE
yes.
Jerry, Boy-O-Boy!!! How do you find these tecnical faults so fast? Great job to act fast and take advantage. In the last two weeks I have noticed many exchanges pulling fast ones on ALL of us. The whales are working together to profit max and dump leaving the others hanging. Perfect example: AMMO. Take a look at what they have done to this great coin in the last two weeks...
https://coinmarketcap.com/currencies/ammo-rewards/
@watchout2017
Domi
hmmm thanks for the information! XMR was also temporary disabled a couple of weeks ago....
I hope u like it
Steemit MONEY making strategy and TRICK.......it's kind of HACK steemit
https://steemit.com/security/@kaiju/steemit-money-making-strategy-and-trick-it-s-kind-of-hack-steemit
The Art of Arbitrage.
Have you seen this film yet with Richard Gere.
It's very good. Watch it with your wife if there's time.
I'm done with poloniex is so slow there and shady site
keep doing good job Jerry :)
The bigger question is why have the wallets been down on poloniex since the fork? We can't get out of our own way price wise!
It's a TRAP!
Yeah, I wanted to withdraw my Steem from Poloniex but the wallet is offline for days now -.-
This is the main reason why you should Not leave your coins on an exchange .
Are there any cold wallets that can hold steem dollars without converting them to bitcoins first?
maybe this wallet https://github.com/xeroc/steem-paperwallet/releases/tag/0.5.0
Hi, i upvote you. I shared my first post in steemit. please help me to grow by upvote and resteem or promote (if you like)
Thanks
Hi, i upvote you. I shared my first post in steemit. please help me to grow by upvote and resteem or promote (if you like)
Thanks
I hope u like it
Steemit MONEY making strategy and TRICK.......it's kind of HACK steemit
https://steemit.com/security/@kaiju/steemit-money-making-strategy-and-trick-it-s-kind-of-hack-steemit
Why ?? If its in exchange why would it be? Can some one explain thiscin detail
Im bad for leaving my cryptos on exchanges
When i install wallets my comp crashes
Right time increase steem power....
Thanx for information ....
Polo has quite a reputation.
Damn! I kinda like it though. Lol.
https://steemit.com/cryptocurrency/@aj49robertson/ubiq-why-i-think-it-s-the-single-most-undervalued-cryptocurrency-on-the-market-right-now
Good trick! Make that money!
@jerrybanfield great post! Probz from germany
Hey,
I hope this will dissolve within a few days, because this is not okey. Thanks for sharing.
:) Steemit is a Best
I think one of the reasons why Poloniex disabled the STEEM and SBD withdrawals and deposits because of the hardfork update. They did this may be as an added protection if the hardfork failed. (I forgot to link where I read this about.)
do you even sleep . amazing job once again
I hope u like it
Steemit MONEY making strategy and TRICK.......it's kind of HACK steemit
https://steemit.com/security/@kaiju/steemit-money-making-strategy-and-trick-it-s-kind-of-hack-steemit
wow. interesting !!!!
it happen since the Hardfork day,
I heard that Poloniex not has not been as good as before this is a nice subject to talk about and spread among the communit
once again you are amazing bring this up Thank you!
]
I follow u and vote u.
plz follow me and vote me.
thank bro
I liked your posts following you too ;)
hello andyluy I just upvoted you and following you please follow me here is a handy tool https://steemvoter.com/
Same here, no problem bro
Hello kyawswarlin I follow u and vote u plz follow me and vote me thanks buddy
here is a handy tool https://steemvoter.com/
one more think @jerrybanfield recently i read about a misterious event that should happen involving The MIT and the Litcoin, are you in to it too ?
I'm still pretty new to all the brand new CriptoWorld so i Would like to get as much information from as Much People "Wise Veteran" that i can,
I already Ask about it to @inventor16 and he Kindly answered me that It is Probably not a big deal.
What do you think ?
on post about it:
https://steemit.com/ltc/@acassity/mysterious-litecoin-project-was-announced-today-on-mit-website
And just remebering I would not be here if wasn't for you Jerry I will be eternal grateful
nice..
I follow u and vote u.
plz follow me and vote me.
Hi, i upvote you. I shared my first post in steemit. please help me to grow by upvote and resteem or promote (if you like)
Thanks
the power of social media :)
Thanks for sharing @jerrybanfield, you are the master of manipulation!
I follow and vote u.
plz vote and follow me back.
thank
I will try your method
Wow, some inefficiencies in the markets! Thanks, Jerry
Wow #suprised. @ poloniex disables steem transfer.
Well as i will always say leaving valuable cash in exchanges anit safe cos they can always do and undo.
thanks for teaching us your techniques. It's FX trading and not for the faint of heart. I'm not in the trading game, but I do appreciate your efforts to educate people on your profit
making method. Admirable and not greedy!
I follow and vote u.
plz follow back and vote me.
thanks
I hope u like it
Steemit MONEY making strategy and TRICK.......it's kind of HACK steemit
https://steemit.com/security/@kaiju/steemit-money-making-strategy-and-trick-it-s-kind-of-hack-steemit
Arbitrage....very nice!
I am not very patient so i keep going back and forth with pulling my funds out of poloniex and putting them into Bitrrex in order to get more steem in my account here. Hope they fix it soon.
hi jerry i m your big fan i watch all of your videos your are really working hard on internet you are awesome :)
Hi, i upvote you. I shared my first post in steemit. please help me to grow by upvote and resteem or promote (if you like)
Thanks
You gonna be flagged for your spamming and you chasing people away from you.Try to find better strategy. Just advice.
thanks for the advice
Nice. Don't hurry man. You still early. You have enough time. Try with good comments. Rewards and followers will come if you do good job here.
thanks man
So I watched you video after coming home from work, too late. Thanks for the tip
Incredible. Just like arbitrage through diffrent exchanges. Good post. I still see the price diffrence. Always wondered if any arb would be possible.
Jerry,
Do you regret selling your Dash node. That was guaranteed income. I would of kept it and found another way to build my steem account. Just my 2 cents. Good luck on this platform.
Ah hem. I dont know JB personally but listening to his stuff I would say he mentions the sale frequently. However, you can never underestimate your gut. There is more to life than profit. He does report profiting from the sale, so why not just be happy with that? If he wouldn't have sold, maybe he would have never done some other things --- there are infinite possibilities and we cant always know the reasons and consequences of everything so we just have to do our best and keep recreating -but most imperatively, continue returning to LoVe
Smart thinking! To those thinking of doing this be wary as a sudden price influx could leave you in the red, but as they say no risk no reward
Congratulations @jerrybanfield!
Your post was mentioned in my hit parade in the following categories:
It has been corrected already.