I did a lot of research on this about 12 months ago and found a few hidden articles about it.
Basically, I've learned that if the price of HBD is below $1 then it's best to convert because you will get $1 worth of HIVE based on the average price of HIVE over 3.5 days. But I go to convert when it's $0.95 or $0.90 or less!
If HBD is above $1 then you definitely don't want to convert as you will lose value due to the conversion averaging to $1. So in this scenario, it's best to use the internal market if you want to exchange HBD for HIVE.
Rule of thumb for optimal results?
Convert at less than $0.90
Market at greater than $1.10
Not financial advice etc.🙂
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Hi, nice research.. One question.. How do we know this 3.5 days "convert" price?
It's an average of the price of Hive over 3.5 says but if you use PeakD to do it then it will tell you how it calculates it.
Say the average price of Hive over 3.5 days was $0.20, you'd get 5 HIVE if you converted 1 HBD.
I got it, so we check the price of HIVE at that time.. Thanks..
Yeah that's it! Happy to have helped 😃
I have read something like this before! Thats what I have been doing
Yeah tricks of the trade mate haha
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Awesome thanks man! So you use the convert request to do it, instead of doing it on the internal market? I don’t like the 3.5 days wait time lol but will do what I need to do in order to maximize my liquid hive.
Yeah you do the convert request on your wallet in peakd, it does tell you how it works there too which is cool. Yeah 3.5 days feels like 3.5 months at times haha!
the internal market is good if HBD is high or if you want it instantly but you may lose a few Hive in the process, depends on how much you want to get I guess but sounds like you want to maximise everything so need a bit of patience sometimes 😀
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