Hive pumped yesterday, but bHBD pumped too. So I arbitraged. Check out how. by mistakili

View this thread on: hive.blog | peakd.com | ecency.com

hive-167922 · @mistakili · Feb 5 '23

$9.81

Hive pumped yesterday, but bHBD pumped too. So I arbitraged. Check out how.

![E43E105E-D2B2-4F25-8A15-2E6BDBF01A5C.jpeg](https://images.hive.blog/DQmNxW6b1BXBVwQyJGpbLQ7AX7GP2orU3rC1LkXESyWkJGG/E43E105E-D2B2-4F25-8A15-2E6BDBF01A5C.jpeg)

Yesterday was an interesting day for me as I was trading in the market. I woke up to the price of [Hive](https://leofinance.io/@leoglossary/leoglossary-what-is-hive) pumping and was excited to see what opportunities it would bring.

As I was checking the prices, I noticed that the price of [HBD](https://leofinance.io/@leoglossary/leoglossary-hive-backed-dollar-hbd)on Binance Smart Chain (BHBD) had also pumped, creating an arbitrage opportunity.

For those who may not be familiar with the term, [arbitrage](https://leofinance.io/@lbi-token/arbitrage-trading-maybe-you-should-try-it) is when you take advantage of a price difference between two different markets. In this case, the price of HBD on the Hive internal market was different from the price of BHBD on Binance Smart Chain,….

….and I saw an opportunity to make a profit by buying HBD on the Hive internal market, selling it on Binance Smart Chain, and then buying Hive back with the profit.

To execute this trade, I needed a bridge to connect the two markets, and that's where the [Leofinance multi-token bridge](https://leofinance.io/@leoglossary/leoglossary-leobridge) came in. The Leofinance bridge allows for the seamless transfer of tokens between the Hive and Binance Smart Chain ecosystems, and it's an important tool for the Hive community….

……Not only does it help to create arbitrage opportunities like the one I took advantage of yesterday, but it also helps to stabilize the price of HBD.

I was able to make around $80 from this trade, but it wasn't easy. The process of buying HBD on the Hive internal market, withdrawing it to Binance Smart Chain as BHBD, selling it for BUSD, and buying Hive back with the profit was tedious and took a lot of patience and concentration.

Given more capital I would have made more, but but I had to repeat the process over and over with what I had to maximize my profits.

![A6103EBF-2453-4E95-B476-DF2BCA07ED00.jpeg](https://images.hive.blog/DQmb9zW5hj29QmztS9uJPtT7qWmFHy7uUxJ4TYoXrrPzpdC/A6103EBF-2453-4E95-B476-DF2BCA07ED00.jpeg)

The Hive ecosystem is constantly growing and evolving, and tools like the [Leofinance multi-token bridge](https://leofinance.io/@leoglossary/leoglossary-leobridge) play a crucial role in helping to make the Hive token more accessible to a wider audience.

By providing a seamless connection between the Hive and Binance Smart Chain ecosystems, the bridge helps to increase the liquidity of the Hive token and creates more opportunities for traders like myself to take advantage of.

Yesterday was an exciting day for me as a trader, and I was able to make a decent profit by taking advantage of an arbitrage opportunity created by the pump in the Hive and BHBD prices.

The [Leofinance multi-token bridge](https://leofinance.io/@leoglossary/leoglossary-leobridge) played a crucial role in making this trade possible, and it's an important tool for the Hive community as it helps to create arbitrage opportunities and stabilize the price of HBD. The process was tedious, but I liked it and I'm always looking for new opportunities to grow my Hive stack.

So now that I’m around $80 richer. The next level of action is entering the market back at $0.45 if it ever gets there.

How was the pump for you yesterday?

Thanks for reading.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@mistakili/hive-pumped-yesterday-but-bhbd-pumped-too-so-i-arbitraged-check-out-how)

👍 smasssh, redes, hodlcommunity, dwayne16, stayoutoftherz, bagholders, cards4rent, josediccus, unpopular, shanibeer, vlemon, kenny-crane, scripsio, jskitty, drax, steemflow, reggaejahm, kreur, joshman, arunava, carrieallen, stevelivingston, crypt0gnome, merlin7, edkarnie, listnerds, joetunex, belemo, goingbonkers, finguru, rehan12, smartvote, olebulls, stefano.massari, sbi4, anardreams, karinxxl, huaren.news, break-out-trader, uyobong, joele, eforucom, filotasriza3, escapeamericanow, prettynicevideo, kakakk, kiokizz, bliss11, okean123, anotherjoe, franciscopr, pcste, defi.campus, merit.ahama, pixiehunter, kennybot, garagebill, tiamaria, hivebuzz, splinterstats, fatman, rok-sivante, abcor, curatorcat.leo, and 56 others

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@india-leo · Feb 5 '23

Indiaunited Curation 1675615614673

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properties (22)

@joetunex · Feb 5 '23

$0.05

RE: Hive pumped yesterday, but bHBD pumped too. So I arbitraged. Check out how.

Though it is tedious like you said but it must be fun as well being in control and moving funds around like a bank. That's the power of cryptocurrency which I find amazing. 

Well done bro

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@joetunex/re-mistakili-5qfafh)

👍 mistakili

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properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
mistakili	0 B		90,447,282,826	100%

@mistakili · Feb 5 '23

Yesss you get it! I need more days like yesterday

properties (22)

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@poshtoken · Feb 5 '23

https://twitter.com/757956511834443776/status/1622336351986147333
<sub> The rewards earned on this comment will go directly to the people( @mistakili ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>

properties (22)

@rehan12 · Feb 5 '23

$0.05

That's some nice profit made out of thin air, I would say! I will keep an eye on this opportunity in the next pump ;)

👍 mistakili

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mistakili	0 B		92,255,039,749	100%

@mistakili · Feb 5 '23

You totally should. A little liquid holding never goes wrong as long as you don’t spend it

properties (22)