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).