How does unlocking your HBD defend the price?
I don't understand the tokenomics behind this other than why him buying up HBD will push up hive price as he needs to buy up a large supply to convert.
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Unlock HBD because the chance that HBD breaks the peg to the upside is very high right now. If HBD is in the $1.25-$1.50 you should dump all of it immediately every single time.
So it's advisable to withdraw all from my savings, and then trade the HBD for Hive on Hive-Engine?
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It really depends on a person's unique situation.
Personally I would trade on the internal market.
And I wouldn't just dump HBD into Hive in a market order I'm waiting for HBD to pump or defending the MA(200). You're really making me want to say "not financial advice" right now :D
I tend to be careful when it comes to big decisions, that's why the HBD with 20% was so attractive! High returns with little risk :) ...
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Mine IS unlocked! How/ what do i do to take advantage of this? Any chance you can break it down a little bit more..
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That is quite a lot compared to your hive stack. Be careful!
The problem here is that you don't have access to a bot, and limit orders can't be placed in terms of HBD value. For example you could place a limit order on the internal market to buy Hive (bid) at 21.3 "cents", but this limit order could trigger in two different ways:
If you don't care why it happened then it is safe to just place an order on the internal market and forget about it. What kind of discount are you targeting? $1.25 HBD? That's a bid of 0.34. But if Hive price crashes to 34 cents it will fill. A $1.50 HBD target is 0.285 bid.
If your goal is to only sell HBD pumps: these limit orders can be risky without a bot that automatically cancels/reposts your orders when Hive starts to crash. Although are you really going to complain if an order fills and you buy Hive at 30 cents? Serious question.
Ok. That I understand.
Thanks for breaking it down to my level. 🤣
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....here's to hoping he'll break it down to my level!! Mby i can take advantage of this situation.... !!! :)
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