Today Poloniex added STEEM and STEEM Dollar.
Because it is brand new market, the prices are really crazy there. There are more ways to make money from that. You can provide liquidity or simply make arbitrage trading.
How can we make money from it?
You can easily arbitrage between Bittrex and Poloniex. Just send STEEM and BTC to both Poloniex and Bittrex, check the prices and if the difference is above 1% (I sometimes it is as high as 5-10%), just sell on Poloniex and buy at Bittrex. If you don't have money left just make a transfer between the sites.
I made a screenshot from the different prices, you can see at Poloniex there are buy orders for 0.00565101 and Bittrex has sell orders for 0.0053999. It is about 4.6% profit.
If you sell 50 STEEM and also buy 50 at the same time you will make about 0.01 BTC.
Check it and make profit from the new market! :)
