Like anyone, I enjoy milestones and this one is reaching 80,000 HIVE - a solid number. What I am hoping though is that if I am able, I can move STEEM into hive and increase this further. One of the problems I have had in the past is diversification however, and I reduced my diversity further by converting into STEEM and powering up to vote on the real Steem witnesses. I think that with my powerdowns, I will keep some in BTC and maybe some ETH.
I also think that the current prices are due to lack of liquidity with the wallets mostly closed, as well as the hype of the new chain. And of course, people converting their STEEM to HIVE, which means that they are likely converting into Bitcoin and then trading for the airdropped HIVE on the exchanges, which isn't necessarily a great amount, especially on Bittrex that left it very late to announce they were going to honor the airdrop.
So for now, I am not trading for HIVE at all - except I am converting HBD for HIVE.
As I mentioned a couple days ago and promised I would get back to, I have HIVE in conversion and was wondering what kind of rate I was going to get.
It seems that it is taking the internal price of ~0.19 and there is no haircut on the SBD at all, meaning it is calculated at $1.00. That means that for the 10 HBD I converted, I got a little over 52 HIVE. HBD is meant to be a stable coin, so it should always be around the $1 mark, but that is far from guaranteed.
What this means is that currently, the price is about 20% cheaper if buying HIVE with HBD internally. Remember that there is a 3.5 day wait from the start of conversion, so all of these prices can fluctuate. For now though, I am pretty happy getting that kind of rate on the HBD I have and I have put more into conversion hoping that I can outperform the markets, even though I am not trading directly for HIVE.
I am hoping that over the next few months, I will be able to close in on 100K HIVE through trading and writing. My goal with the writing side of that is to be able to have a little fun as well as add something of value into the community, something that people can use to improve their own experiences here, or elsewhere.
While general quality is subjective and impossible to evaluate, maintaining an audience over time requires consistency, as they at least have to find it interesting enough to keep reading. As a contributor, it is my task to entertain, but that doesn't mean that I have to be the funny one, or the drama queen - thankfully - if I can add something that helps people often enough. For me, the helping is a win-win position, because at least for me, I like helping where I think I can and the feeling that it is having some effect.
I think with all of the IRL pressures now and upcoming, I will also add some more personal content again, my views about various bits of life I have the opportunity to observe. It is enjoyable content for me and I think it allows for a good conversation to develop as well as relationships to build. We might not always agree - but that is okay.
Now though, I'll call it a night and chill a little before hitting the sack. Hopefully though, this post answers some of the simple questions about the HBD conversion and the rate.
Taraz
[ 1st generation Hive ]
