Poloniex back online for SBD. Price -15% on it but rose 20% on Bittrex in last 8 hours

In one of my posts from few days ago (https://steemit.com/steemit/@irfo1/steem-sbd-arbitrage-buy-at-bitrex-sell-on-poloniex-is-this-why-poloniex-doesnt-work )I discuss how when Poloniex opens there will be a chance to arbitrage till the price equalises.

Hive account@gamerveda said "As for which side does the market correct on, you'll likely see it moving towards the middle assuming the volume of trades are relatively equal". This meant during this short time (which actually lasted about 8hours or so you could buy cheap on bittrex and sell high on Poloniex.

This is indeed what happened, a few hours ago the price equalised to around 0.0005bitcoin on both exchanges.

In 8 hours a lot of transaction could have been done if you were expecting this and noticed that Poloniex opened up transactions.

Now there will be people saying I dont want to risk freezing my SBD because thats what happened last few times with Poloniex. But without risk there isnt any reward, the worst thing is it will be frozen for few days.

I hope you profited from this, because someone did.

Source of image: www.cryptonator.com

Hive account@irfo1 Upvote, Resteem and Follow