Hi fellow Hiveians,
As the title of the post says, I'm curious for some information on what the best conversion time is for HBD to liquid Hive.
One of the things we all know nowadays is that you have to properly time something in order to achieve optimal results. I'm curious as to what folks think about the timing of their conversion of their HBD into liquid Hive.
I tried doing a bunch of searching last night to see if I could find old posts from Steem on when people convert to hive. The results weren’t really good because people were focusing on when the price of HBD (formerly SBD) was over 1$ which I get. What about it being under 1$?
Those of us that use and love the PeakD desktop website wallet page are very familiar with that screen on the right side! I am often checking the price out of curiosity to see if things have moved. When there are big movements in the prices I go and look to see if other crypto's are moving similarly or if we have some whales buying up a bunch of Hive to get in on the FOMO!
One of the things that I haven't been able to get a clear answer on and I'm hoping the smarter people than I in the LEO Finance group might be able to shed some light on it.
What is the optimal exchange price for HBD to Hive? I've heard that getting to as close to the 1$ peg is the best thing to strive for. I've recently heard others saying exchange your HBD for liquid hive while the price is down.
What price point do you exchange HBD for hive at?
Is there a basic explanation of the math? I’m thinking that 1.0 / .22 x .92 or whatever the current price of HBD is may not be right but I’m not sure.
What's the best bet?
What's the math behind that?
I've tried doing some math on the internal market but haven't really been able to figure out a good way to depict the information.
I would like to understand it that way I can help explain to some of the newer people I’ve been interacting with a lot!
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