Quote from: kaicrypzen on January 06, 2018, 04:46:41 PM

Quote from: Coinr88 on January 06, 2018, 03:21:50 PM

Quote from: kaicrypzen on January 06, 2018, 03:09:58 PM

Quote from: DinglikeRiri on January 06, 2018, 01:15:32 AM

A lot of people sold their kmd to buy btcd and do the swap.

Why would anyone do that? It doesn't make any sense, or am I missing something?

To take advantage of the price difference

What price difference are you referring to? The prices of btcd and kmd have generally always matched the conversion ratio, apart from some punctual btcd unexplained rises that probably noone with no insider info could have expected ... So, if one sells kmd and then buys btcd to swap it later for kmd they actually could get less kmd if they don't stake the btcd (because the ratio goes down with time to adjust with the staking).

The exchange rate for the swap is about 47.something. So referring to the recent prices, one could have made a nice profit if willing to take some risk and willing to wait a few days.