What about our hive which is in a process of being converted? That will still come out profitable right?
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What about our hive which is in a process of being converted? That will still come out profitable right?
At 1.05 per HBD it is break even, so you won't be losing any money if it were there. But part of the conversion is still selling the HBD for more than 1.05 to make the profit back in HIVE. Right now HBD is 98 cents so you paid 1.05 for each HBD through the swap so if you sell them for .98 you will incur a loss. You're just gonna have to wait with the HBD and sell it like any other coin when it spikes. I would not do any more conversions right now, never again unless HBD gets well over 1.05. that's the risk of this swap wit the 3 day waiting period, the gamble was that HBD wasn't gonna plunge.
You get the HBD in advance, so there is no risk from HBD dropping. Do the conversion if HBD>1.05 and sell the HBD you get immediately, locking in the profit above 1.05. The risk of the 3.5 days comes in from HIVE possibly dropping and losing more of your collateral), but that mostly hasn't happened (other than off the brief spike up to $1+ and back down).
Hey just a small help, I'm trying to find the instant conversions operation for the HIVE sent to the hive.fund.
eg.https://hiveblocks.com/tx/3423456951a32335a2688723c7b753a203f9d0c8
Here there is a 3k HIVE sent to the hive.fund, but I cant find the conversions to HBD. I looked in hiveblocks for the hive.fund operation.
I don't think there is a virtual op for it, which is certainly not ideal since it becomes hard to track or audit the DHF account. There was some idea about adding one, but I don't know if that was done or if there is a schedule for doing it.
@howo do you recall this?
Ah right I had created an issue for it but it got deleted with the gitlab issue, re-created it:
https://gitlab.syncad.com/hive/hive/-/issues/172
it's still on my to-do list, but it's a pretty simple change, I'll tackle it soon:tm: to get it included in the next minor version.
What price is used for the conversion then?
It's the median feed price
Sounds very interesting in a passionate way to me.
Okay okay no problem then :D I was just wondering how not to lose money on this :p Thanks!