Steem price is soaring right now! However I noticed there is a very large discrepancy between the price of Steem on different trading sites. I would like to learn more from the Steemit community on your thoughts about the potential profits and risks of taking advantage of such a large discrepancy in price.

The Big Question

Do you think Poloniex is safe?

The only problem I have had using the website is that the Steem wallet is usually disabled. However I have gotten all my a cash outs in a timely manner. I just cashed out over 500 Amps less than an hour ago and it only took about 20 minutes until i received my cash out. All of my BTC cash outs have worked but the last was a couple months ago. Plus in the last 3 months the price has been higher on Poloniex than Bittrex but usually the other way around.

What has your experience been like?

Do you think the length of time certain wallets have been down and/or the price discrepancy are glaring red flags?!?

Does anyone think the price on Poloniex will be greater than Bittrex in the next 3 months?

The Discrepancy

While the Discrepancy was bigger when I first started writing this it's still over 20% as I post this.

So if you think Poloniex is safe would you sell your Steem on Bittrex and buy on Poloniex?

This is in no way investing advice. I'm just looking for an honest discussion about the safety of trading sites. Plus a discussion on whether you think the risk/reward is worth taking advantage of these differences.

I personally divide up all my crypto assets between several different trading platforms and wallets. That way if any of the risks are realized, I only lose a fraction of my crypto assets.

Thank you, for you time, thoughts, and support!