Hello friends,
with the hard fork 23 Steem will touch the lowest point in his history and the fault is all of Justin Sun.
About a month ago I wrote two step-by-step guides where I showed how to convert STEEM to HIVE using Hive Engine or Steem Engine.
These guides can be very useful to those who are not registered in any exchange and need to convert their STEEM to HIVE and especially now that Blocktrades cannot be used for the conversion of STEEM.
The guides
How to convert STEEM to HIVE using Steem Engine: @libertycrypto27/how-to-convert-steem-to-hive-using-steem-engine
How to convert STEEM to HIVE using Hive Engine: @libertycrypto27/come-convertire-steem-in-hive-utilizzando-hive-engine-how-to-convert-steem-to-hive-using-hive-engine-ita-eng
Steem Engine or Hive Engine?
Before converting, you must pay maximum attention to the value of SWAP.STEEM (Highest Bid) on the Hive Engine and to the value of HIVEP (Lowest Ask) on the Steem Engine.
This morning (May 20, 2020) I tried to convert 1 STEEM from both Hive Engine and Steem Engine.
The value of 1 HIVE and the value of 1 STEEM were the following:
A conversion without intermediaries and without fees would have given me the following result:
If I used Steem Engine I would have obtained the following result:
If I used Hive Engine I would have obtained the following result:
Steem Engine and Hive Engine retain a 1% percentage for the Deposit and Withdrawal operation.
Now let's compare the costs of the conversion operation in percentage terms.
Considerations
Converting 1 STEEM to HIVE on Hive Engine this morning would have led to a profit of 2.49%.
The same operation performed on Steem Engine would have led to a cost in terms of percentage of 18.02%.
This morning the conversion operation was much more convenient if it was performed on the Hive Engine.
But it is not a general indication and is valid only at a specific time.
Before carrying out the conversion operation, always check the purchase price of the SWAP.STEEM on the Hive Engine (Highest Bid) and the sale price of the HIVEP on the Steem Engine (Lowest Ask).
- those who are new to Hive or are unfamiliar with Hive Engine / Steem Engine
- those who are not registered on any external exchange and need to convert STEEM to HIVE
IMPORTANT NOTE: May 21, 2020
I have tested and used the procedures in the guides several times without ever having encountered problems in the conversion operation.
May 21, 2020: After HF 23 many users are converting their STEEM to HIVE using Steem Engine and Hive Engine.
Hive Engine: For the conversion using Hive Engine I read on the Discord channel of Hive Engine that there is a problem with the converter of SWAP.STEEM at the moment but they are solving it.
I think it's just a matter of time.
As @aggroed wrote in response to some users in the Discord channel, in case of problems, you can also create a ticket on: https://support.privex.io/open.php
UPDATE: May 22, 2020
May 22,2020: I send 1 STEEM and in a minute I received 0.990 SWAP.STEEM on Hive Engine.
All the problems have been solved.
Everything is back to normal and the conversion operation on Hive Engine works perfectly.
The Hive Engine team is a great team and I was sure that the problem would be solved in the shortest possible time.
Conclusion
I could explain how to convert HIVE to STEEM but it is a procedure that will not interest me NEVER perform, let alone incentivize :)
I conclude this post with an image that represents what my vision of Steem is in this moment.
Immagine Creative Commons cc0: Foto di Pete Linforth da Pixabay
This post is shared on Twitter for #posh and #proofofshare initiative:
https://twitter.com/libertycrypto27/status/1263114643339345921
- libertycrypto27
Come convertire STEEM in HIVE usando Steem Engine or Hive Engine (Confronto e Valutazioni)
Ciao amici,
con l'hard fork 23 Steem toccherà il punto più basso della sua storia e la colpa è tutta di Justin Sun.
Circa un mese fa ho scritto due guide passo-passo dove ho mostrato come convertire STEEM in HIVE utilizzando Hive Engine o Steem Engine.
Queste guide possono essere molto utili a chi non è iscritto in nessun exchange e ha necessità di convertire i propri STEEM in HIVE e soprattutto adesso che non si può usare Blocktrades per la conversione degli STEEM.
Le guide
How to convert STEEM to HIVE using Steem Engine: @libertycrypto27/how-to-convert-steem-to-hive-using-steem-engine
How to convert STEEM to HIVE using Hive Engine: @libertycrypto27/come-convertire-steem-in-hive-utilizzando-hive-engine-how-to-convert-steem-to-hive-using-hive-engine-ita-eng
Steem Engine or Hive Engine?
Prima di effettuare la conversione bisogna prestare la massima attenzione al valore di SWAP.STEEM (Highest Bid) su Hive Engine e al valore di HIVEP (Lowest Ask) su Steem Engine.
Questa mattina (20 Maggio 2020) ho provato a convertire 1 STEEM sia da Hive Engine che da Steem Engine.
Il valore di un HIVE e il valore di uno STEEM erano i seguenti:
Una conversione senza intermediari e senza fee mi avrebbe dato il seguente risultato:
Se utilizzavo Steem Engine avrei ottenuto il seguente risultato:
Se utilizzavo Hive Engine avrei ottenuto il seguente risultato:
Steem Engine e Hive Engine trattengono una percentuale dell'1% per l'operazione di Deposito e Prelievo.
Adesso confrontiamo i costi dell'operazione di conversione in termini percentuali.
Conclusione
Questa mattina l'operazione di conversione su Hive Engine di 1 STEEM in HIVE avrebbe portato ad un profitto del 2.49%.
La stessa operazione eseguita su Steem Engine avrebbe portato ad un costo in termini percentuale del 18.02%.
Questa mattina conveniva decisamente affidarsi ad Hive Engine per la conversione degli STEEM in HIVE.
Ma non è una indicazione generale ed è valida solo in un determinato momento.
Prima di effettuare l'operazione di conversione bisogna sempre controllare il prezzo di acquisto degli SWAP.STEEM su Hive Engine (Highest Bid) e il prezzo di vendita degli HIVEP su Steem Engine (Lowest Ask).
- chi è nuovo su Hive o non ha dimestichezza con Hive Engine / Steem Engine
- chi non è iscritto a nessun exchange esterno e ha necessità di convertire STEEM in HIVE
Potrei spiegarvi come convertire HIVE in STEEM ma è un procedimento che non mi interessa MAI effettuare e tanto meno incentivare :)
Concludo questo post con un'immagine che rappresente quella che è la mia visione di Steem in questo
momento.
Immagine Creative Commons cc0: Foto di Pete Linforth da Pixabay