I think that's a good strategy. I do the same but instead of buying HIVE on the market I use the convert feature. That way my HBD is burned instead of ending up in the market. 😉
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I think that's a good strategy. I do the same but instead of buying HIVE on the market I use the convert feature. That way my HBD is burned instead of ending up in the market. 😉
I did that conversion few times but from my own calculations, I get less Hive. Plus the waiting time. I didn't know it gets burned that way, probably a good idea speaking long-terms. That would be an interesting investigation - which one is better for the blockchain economics - buying Hive with HBD or converting it instead.
Also, not sure where, I've seen a warning that if HBD is more than 1 USD, conversion os not recommended. I am not sure why though, I hope someone explains it ;)