Back about 5 months ago, HBD was killing Hive. It got to one point where 1 HBD was worth 10 HIVE. I remember that time. I was selling all the way down to where there was a balance between HBD and HIVE. The past few days I have been buying some, (not a lot), HBD as HIVE clombs. I started at 1.2 HBD for 1 HIVE. I just got 2.649 HBD for 1 HIVE. Times are good, small steps and small savings as things change.
I do not expect Hive to stay above 3 dollars, but I do like that it doesn't matter as I was able to replenish a little bit of my HBD to save, and then convert to hive when things turn around as I am sure they will one day.
That's a good strategy. How are you doing with the exchanges? Are you making money off it in the end?
Not yet. I will be looking to open a separate/new checking/savings account specifically for crypto transactions next year, I will also need to get a crypto only email address, and a crypto only phone. That will hopefully take place early part of next year after tax time.
Even when I am all set up it will only be small deposits, and small withdrawal to see how it will all work and see how safe it is with out risk to my primary savings/checking account.
Ah I meant on hive, buying HBD then swapping stuff around. Are you making a profit in hive by doing that? I’m assuming you would but don’t know how much.
I'm not sure profit wise. I was selling the HBD when it was a good sell time, and now seems to be a good buy time. With all the effort to stabilize HBD, I doubt that I am making much out of the swaps.
The conversion between the two you have made should be a pretty decent one now :) Good move. I hope you are feeling good about it!
For me, I have been moving HBD into HIVE consistently, as well as Hive into other things too.
I suspect Hive will retrace a bit (unless there are some more crazy bulls) and collect before making a push to 5 and up.
It has been difficult at times to understand some of the concepts of Hive and HBD relationship, but over time I have come to somewhat understand it. Along with my HP goal, I now have another goal one for HBD in the savings account.
Then build a small liquid supply of both so as to be able to take opportunity of things as they come up.