Guide to Saving HUGE Coinage in the Hive Engine!

As a new person to Hive, I have found it very interesting watching the Hive-Engine marketplace! There are some crazy spreads between coins. I read a post by @badbitch here:
@badbitch/understanding-how-to-arbitrage-on-hive-dive-in It's about arbitraging to earn some liquid Hive and the article is spot on with great information!

I also like putting in positions, though I do know why @badbitch says that they're riskier...but I wanted to point out a few observations for those who may not have considered the possibilities on the Hive-Engine...

One of my favorite coins right now is LVL because of Psyber-X that is coming out soon. I talk about it more here: @haveyaheard/how-to-make-money-playing When you see there's a spread of over 8% on a token between what people are willing to buy it for and willing to sell it for, don't just sell what you're holding blindly...or buy blindly for that matter. If you see that the token is actively traded (which with a price at 0.001 Hive each and over 1,000 in Hive traded in the last 24 hours, it's actively traded!), place your order in the middle and cut the spread. You will likely sell the token you're trying to get rid of for a good percentage more than you would have and it will take only a little while on an actively traded token to have it sold. The same goes for buying. If I were to try to buy LVL, I would either put in a buy order to sit at 0.00104 right now, or if I really wanted it sooner than later, I'd put it in for 0.00108. Instead of buying with an 8% premium, I'm cutting it down to 4%...same on the selling side.

This is the most traded token on the Hive Engine, yet there's still a 6% spread. you could set a position on both sides and potentially grow your holdings by 6% just by buying at 0.00296 and selling at 0.00312... which is probably what the person with 40K to buy and 20K to sell is doing...

Good ol' Leo even has a 6.9% spread. If you're looking to get rid of some Leo, don't sell it below 0.15, in my opinion...but who am I...I've only been around here for 9 days...I'd lock in a buy at 0.14291 and get all the coinage people are dropping like silly fools...(this is not investment advice...it's humor...do your research and lose all your money to me...what? did I think that out loud?)

This miner, on the other hand, has only traded 0.06 worth in the last 24 hours...there is a whopping 29% spread...That means if you actually had people wanting to buy this/sell this, you could buy at 0.42501 and sell at 0.54879 and 29% ROI in two transactions, theoretically...

Now, read @badbitch 's post linked above...you can lose playing the spread, but you can also win big. I have a mentor who showed me that he was selling LVL at 0.00138 and buying at 0.00095 when the spread was amazing...people would win LVL, not know anything about it and sell it immediately, paying no attention to the spread, and the people who found out about psyber-x would get all gitty and buy at the top of the spread, also paying no attention to it...my buddy made mad gains... (not all results are the same...do your research and lose all your money to me...ooops, I did it again...)

Follow me for more stuff...cuz that's what I write...stuff. I like finances, so that will likely be my aim. Good luck, and don't forget to tip your waitress...she has several kids...

tip for you...use beeswap to move Hive to Swap.Hive...it'll save you 0.75% in transfer fees...it moves it into your Hive-Engine wallet just the same as using Hive-Engine for 1/4th the cost...you're welcome. 🤑(I also just learned from @dalz that there's a LeoDex ( @dalz/a-look-at-hive-s-l2-hive-engine-or-data-on-hive-deposits-and-withdrawals ) ... I'm learning folks...