I Survived The 3 Day HBD Conversion: Here's How It Went

So anyone who's been paying attention knows that there was a pretty significant HBD pump beginning about 5 Days ago. Since that time it has yet to return to $1 and remains above

I actually noticed this in the middle of the night the day before the breakout when I saw the peakd wallet showing $1.52 for HBD.

From my days on steemit I knew that when SBD was over $1 it was time to trade it for steem at a profit. My assumption is that it the same for HBD.

I should state for the record that I only had 43 HBD at the time so I wasn't wagering any big money but I wanted to cash it. My first thought was to send to bitterex but the HBD/Hive wallets were in maintainence mode (as usual) and I couldn't trade there.

I then found another exchange trading HBD and that was were the pump was happening. (Upbit)

I had never heard of upbit before and I wasn't going to sign up just to do this trade so I went internally to the wallet on PeakD.

The choices there as pictured above were a bit confusing. I sold one HBD at Swap.Hive but I didn't get a premium. I thought about going to the market but I have always heard that you get ripped off there and it is best to send to an exchange, trade and then come back onto the blockchain to use.

So I went to the conversion and converted my HBD to Hive knowing that it would take 3 days to complete. I felt a bit defeated but understood that the price I would receive would be the average over 3 days and I should do fine as long as HBD doesn't spend a lot of time below $1. (It never came close)

But then on discord people were saying I should have just done the internal market and while I wouldn't have gotten the pumped price showing in my wallet, I should still profit.

I felt a bit defeated and you cannot undo your 3 day conversion once you start it. I did get 1 or 2 hbd in earnings after I started the conversion so I sold them in the marketplace 1 hbd at a time. And while I didn't a whopping price I did manage to sell 1 hbd for 13 hive I was pretty thrilled.

So as I waited for my conversion to happen over 3 days and watched the price of HBD move around I came to the conclusion that I could feasibly get $1.25 to even $1.50 for my HBD if it all came together in my favor.

So late last night it happened. I knew that when I woke up this morning I would have a bunch of new hive in my wallet and I'd be psyched.

Here's what happened:

I may have forgotten how to do math but it looks to me that I got roughly 7 hive for each HBD and that would mean I sold my HBD for $1.05.

If that is true (correct my math if you are gooder at math than me lol). It's not a great deal. I mean, I blew it by rushing into a conversion instead of researching the internal marketplace.

I didn't lose any money and theoretically profited $.05 over what is supposed to be the value of HBD but on a day where HBD actually touched $4 on Upbit this was a totally failed experiment.

So did I figure my calculations correctly? What should I prepare myself to do the next time there is an HBD pump. Preparing to be lucky is the skill it takes to profit and I want to be ready!

Posted Using LeoFinance ^Beta