<center>![waiting](https://whatwasisupposedtobedoingagain.files.wordpress.com/2015/09/wipbv1.jpg)

I wanted to give a piece of advice to steemians who want to cash out their earnings from posts rewards: **play the waiting game, don’t rush on a sale that could lose you up to 50%.**

The stats show that the spread is getting smaller and I am pretty confident that this trend will continue until it stabilizes to a 5% range.

On the 4th of July steem was selling up to $0.50 on steemit´s internal market; however you could only get up to $0.25 at best on bittrex and openledger. That is a **50%** loss on your hard worked rewards, which means your SD were only worth $0.50 instead of $1.

Today, we have seen the internal market drop to up to $ 0.27 and bittrex is down only to $0.23, that is a much better **15%** spread.

So if this trend continues we should see tighter spreads on the coming days, there are traders who are doing arbitrage: buying on bittrex and OL and selling on steemit, this is leveling the markets in a very healthy way. 

If you are a trader I encourage you to take this opportunity to arbitrage the markets, it’s the easiest money you will make in years, for proof you can check out my account: I made 500 SD just by trading a couple of hours yesterday, buy cheap sell high right?

**Conclusion**

Hold those Steem Dollars and wait until the spread is as tight as possible, that way you can cash out and only lose a few points converting your precious SD. 

#trading
#steem