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).
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
A nice one was to convert SPS to dec when SPS pumped, you have to be a splinterlands player though.
Get ready for the Activation of U.S. Crypt-Coinage... It will be stable and 100% backed by U.S. Gold Coinage...
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 🙈
It was a great night.
I was really excited when I saw HIVE starting to pump as BTC pulled back.
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