HBD conversion to HIVE gone wrong
I started two (relatively) small conversions of HBD to HIVE when HBD was near $0.92 USD:
But right now we are already back near $1 so the conversion may not be profitable and may even be at a loss.
Conversions used to be very profitable, but as of most recent it seems like it became harder to "get lucky"! I am sure the reason behind it is that more people learned that they can profit off of conversions, since the conversion is a native tool to push the price up, it makes the peg 1:1 to the USD more stable and less profitable to "conversion arbitrators".
Still, even if I take a loss on the conversion, it won't be such a big issue because it would be a small loss, I was going to use my HBD to purchase more HIVE either way, which is also subject to price fluctuations.
The end goal is still the same: Accumulate as much HIVE as possible!
Losing opportunities and money is something that happens.