I've made an convertion experiment recently, which was spending 100 Steem for buying SBD on the internal market and then converting the SBD bought, making it four days in a row. You can see from the screenshot that it doesn't really a goldmine.
However for someone who is willing just power up some Steem, to buy some SBD and convert it seem to be a better option.
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!
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.
That make sense
Since I've started the new strategy I made about 50 conversions and all of them were profitable in Steem terms.
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
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.
again thank you for being so responsive @svamiva
I appreciate it a lot. Yours, Piotr
Thanks for sharing those details @svamiva
Cheers, Piotr