Hi everybody,
I'm just wondering whether I will buy some STEEM and then change it to STEEM POWER. But now I found out that Blocktrades (I guess it's the only way to move your funds to another cryptocurrency and then to fiat) is very, very expensive.
My experiment:
I can buy 1 LTC and receive 62.584 STEEM. And then reversely for 62.584 STEEM I receive 0.9514LTC.
(0.9514/1)-1= 4.86% net loss.
I can buy 3 LTC and receive 187.673 STEEM. And then reversely for 187.673 STEEM I receive 2.8583LTC.
(2.8583/3)-1= 4,72% net loss.
I can buy 100 LTC and receive 5902.18 STEEM. And then reversely for 5902.18 STEEM I receive 87.683LTC.
(87.683/100)-1= 12.31% net loss.
If I bought about 1000 STEEM, then
Is there any fixed fee for 1 transaction? How is the last example possible? 12%?! Bad joke?
I'll appreciate any meaningful comments!