HBD is still a good coin to hold as a hedge. At the very least it can hold its value at or around $1. If for some reason Hive price drops, this may create a good opportunity to buy more Hive with HBD.
Since, regardless the efforts of the hbdstabilizer HBD price did go up, I have a feeling it will do so again and even higher. I might be completely wrong. But I wouldn't be surprised if HBD went up to $8-$10 one of these days. Total supply is too low for continued dumping to make a big difference if the pockets and interest on the demand side are larger.
It seems like a win win scenario whichever way you look at it. If you can achieve peg, great, it works. If you can't achieve peg, still making profit for DHF.
Posted Using LeoFinance Beta
I sold my HBD the other day and @blocktrades only gave me like 80 cents on the HBD dollar! It's not nearly as liquid as it appears to be!!
Always always always, calculate the price they are giving you before you decide to trade. The centralized exchanges that will custody your coins often have better pricing. Just don't leave anything significant on them. I leave only dust. The internal market is the safest way to trade HBD for Hive, you may get less than some centralized exchanges. Shop around.
Update: I just read your post. When making trades use only limit orders. The internal market uses only limit orders. If you put a market order, orders can be cancelled new prices can be put in before you execute your trade. With a limit order, you can attempt to buy from the books and if they do the same thing the trade just starts waiting for them to restore their orders to the price you set or until some other user creates a limit order that matches yours.
Thanks, I did just start using the internal market, it’s much better. It’s not going to happen again, I learned my lesson, the exchanges goal is sucking money, I should have known!!
lol. Are you saying you sold HBD at 80 cents per HBD?
How did you manage to sell below market price? Is that even possible?
Yeah I did the math, I made a post about it. HBD was at 1.45 at the time tho. When I did the math, turns out less than 1 dollar is what price I got for spending my HBD!
Here is the explanation of what I was talking about. This is the reason HBD pumped.
https://peakd.com/hbd/@coininstant/how-blocktrades-ripped-me-off-for-thousands-of-dollars-in-one-hbd-trade
Not to mention post rewards for the rest of us.