RE: $STEEM/BTC Technical Analysis by sigmajin

Viewing a response to: @ozchartart/usdsteem-btc-technical-analysis

steem · @sigmajin · Jul 26 '16

$0.13

Perhaps its a gross oversimplification, but can't one simply look at $steem as a hedge on regular steem.  Since the $steem to steem conversion rate goes down as steem increases in price, wouldn't we expect them to move in opposition to one another?

👍 ozmaster, sigmajin, ozchartart, nails

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@ozmaster · Jul 26 '16

one needs to take into account the depth of SBD on external exchanges
and on internal exchange and looking at this ratio
u might get some good arbitrage opportunity

👍 sigmajin, jinn

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@sigmajin · Jul 26 '16 (edited)

there were some really good arbitrage opportunities when the ext. exchanges first listed SBD.... at this point though, there are so many market makers on all 3 exchanges bidding on the arbitrage that the window of opportunity seems to close fairly quickly when it happens.

👍 ozchartart, steemit.tips, chonesta

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