The SBD is the PUMP SCAM apex that large Telegram channels do.
In theory, it should be naturally quoted at 1: 1 with the dollar, but in practice it's not quite like that.
Versão em Português: https://steemit.com/pt/@andre3301/trading-ainda-tentando-lucrar-sbd-com-arbitragem
Like dozens or hundreds of tokens on the exchanges, many do not care about fundamentals, many do not even know anything about the token they buy (I dont know the nature of many of them either).
But one thing everyone has in common, they all want to make money. So when a token news comes out on a large channel, it ends up quickly gaining value - The Famous PUMP - before it falls again - The Famished DUMP.
As I am relatively active here lately, I had $ 83 SBD that I received from other posts, ready to bid on our beloved bots.
When my partner warned that the SBD had undergone pump, I saw it rose from 14600 satoshis to 21200
WOW now thats a bull, of course totally artificial, the dump was right on the next corner ...
STEEM is a dramatically simple and fast transfer token. In transfer velocity, it owns Bitcoin! The big problem is that it is difficult to compete with the arbitrage bots ... and other than that, there are fees ... So I came here fast, I got the SBDs and I sent them to Bittrex. about 2 minutes later, I managed to sell them ... but it was too late already ...
I did not lose, but we were even:
Not to be break even, I thought ... well, at least I will make a post reporting this adventure so my efforts will not be in vain!
-> Next SBD pump will try to be faster; )
If you're holding the SBD liquid and not actively using it on Steem blockchain, why don't you keep it in bittrex to faster sell into the pump next time?
I'm using it to bid on bots and reinvest what came from the author payments
That's what I use my SBD for too.
Resteemed by @resteembot! Good Luck!
Curious?
The @resteembot's introduction post
The @reblogger's introduction post
Get more from @resteembot with the #resteembotsentme initiative
Check out the great posts I already resteemed.
28.57% @pushup from @andre3301
This post has received a 14.8 % upvote from @boomerang thanks to: @andre3301
@boomerang distributes 100% of the SBD and up to 80% of the Curation Rewards to STEEM POWER Delegators. If you want to bid for votes or want to delegate SP please read the @boomerang whitepaper.
This wonderful post has received a bellyrub 29.62 % upvote from @bellyrub. Please make sure to vote for my pops as a witness @zeartul,Here
😄
This post has received gratitude of 96.28 % from @appreciator thanks to @andre3301.
hello dear @appreciator. I made a huge mistake in my bid... could you take a look with affection and refund the extra amount? I also contacted @bluemist on chat and discord. I wanted to send 0.44 SBD but sent 44SBD by mistake
Refunded
Hello, I remember you @andre3301 !
You donated to our common noble cause for the first time exactly 17 days ago. Have a great and prosperous day along with my up-vote! You fed me with 1 STEEM already but you can always make me stronger, if you want to. It will enable me to help you and your friends more often.
Yours, Spinny
I like very much when everyone who feeds me also reads my friend’s posts, so please visit @outerground and read what he has to say! Your name will also appear here. :-) Join my Discord server if you want to meet others: https://discord.gg/Mz2EZP3
Powered by @adsactly.
Congratulations @andre3301! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPupvoted
may be this interests you
https://steemit.com/cryptocurrency/@allthereisislove/how-i-made-a-near-100-profit-on-dash-in-10-days
thank you for your time
img credz: pixabay.com
Nice, you got a 30.0% @bubbleburst upgoat, thanks to @andre3301
Want a boost? Minnowbooster's got your back!
The @OriginalWorks bot has determined this post by @andre3301 to be original material and upvoted(1.5%) it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!