RE: Converting HBD to HIVE
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Regards dear @daltono.
If the price of HBD were say .50, it could be a wise idea to buy a bunch of HBD from the market and convert it to HIVE right away.
You mean, buy HBD at .50 and wait for its value to increase, let's say 0.80 and then convert to HIVE, did I get it right?
The HBD value is supposed to stay very close to 1 usd.
What is the system used by stable currencies like DAI, for example? It is always in constant price correction.
I imagine the Market Cap varies. playing with the circulating supply. Could the same system be implemented for HBD?
I apologize if I said something out of place, I'm hardly understanding these concepts.
Your friend, Juan.
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No, I mean buy HBD at .50 then immediately convert it because Hive will think that HBD is actually worth $1.
That could be profitable, but even that is not guaranteed because 3.5 days is enough time for HBD prices to fluctuate. Going down further in price would result in a more profitable conversion. While going up in price would reduce profit, possibly even to a negative degree.
Would you believe I initially thought about this?
I thought about it but I said to myself: "It can't be, I must be wrong!"
Thanks for these tips brother. It really looks like a great idea.