Allow Me To Save Yourself Some Crypto Money: @steemmonsters Players Can Save 47% (15.6% In The Worst Case) Following This Arbitrage

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Today I won an Essence Orb as part of my Daily Quest Reward. Although my Legendary and Alchemy portion did not get me anything to write home about, I did get a Mermaid Healer and I was finally able to get my card to level 2. Only a little while later, I discovered another one of those great financial opportunities I write about. I hope you have been reading because those things could have saved you thousands of dollars and you would have beaten the S&P 500 by several times.

Despite that I'm not professional financial adviser. I'm just someone who has a history of finding great opportunities and presenting them to my readers.

The Forgotten Pack Opening

The Essence Orbs came to the market along with the introduction of DEC and it did provide a great use case for those where were not interested in anything else such as Guilds or Skins. The Orbs worked just like Booster Packs and could only be purchased for 2500 DEC. Now thanks for Guild discounts you can grab one for as low as 2250 DEC.

Taking A Look At DEC Price

DEC Price.png

Taking A Look At Orb Price

Orb Price.png

Doing The Math

  • At The Highest Discount, Orbs Will Cost $1.32
  • Without Guild Discount, Orbs Will Cost $1.47
  • Without Discount, You Will Save 24%
  • With Discount, You Will Save 15.6%

Volatile Prices - Somebody Might Have Figured This Out

Orb Volatility.png

Orb prices have been going at over 30% discount compared to the current price. You could have bought an orb for $0.78 How much of a discount is this?
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It's A 47% Discount if you bought Orbs the typical undiscounted price. Even wit the maximum discount applied, you will still have spent 31% less. Just think about that. I'm not the only one looking at these things. That is why the price move up 43.5% within a matter of hours in an asset that barely has any trading volume. Luckily you are getting to know these things now. Don't hog the knowledge. Share it around :-)

Posted Using LeoFinance



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6 comments
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Woah, this is an interesting finding. Investors can capitalise on this. Thanks for sharing this superb content to us

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Yup yup. 😎 I got Orbs and Untamed packs for less than $0.70 a few times. During the first part of the steem-hive split it was NUTS.
I made a little tutorial video showing people how to find, save and buy stuff on the cheap. I don't think many saw it... but those who did got a little inside scoop.

I really enjoy watching our markets. I find the 'big markets' of stocks and even other crypto seems overwhelming at times... but I can do the little ones. 😍@carrieallen

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Yup yup. 😎 I got Orbs and Untamed packs for less than $0.70 a few times.

That's great to hear. Low volume markets offer a lot ar arbitrge opportunities compared to the larger ones where the price differences quickly fade away due to traders coming in fast to cash in on the deal.

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Very interesting post @vimukthi !

The discount narrowed but you can still put some nice Buy orders close to 5.1 Steem per orb and just hope someone sells at that low price 😅.

Just wanted to drop by a new community I created focused on Crypto (Investing. Mining. Gaming. Art...). Anything related to the blockchain technology basically.

https://peakd.com/c/hive-126009/created

Sincerely,

@vlemon

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