I managed to sell for more than 10$ sbd back in them cray cray sbd days.
I hadn’t heard about the hbd pump today. See it got up to 1.20$. Ha, not the same dizzying heights…
Seems it has corrected itself pretty well.
I wish there was a tool or post that explained the how’s and why’s of the hbd pump and how it is counteracted. Is there?
hdb pumped simply because in a market it got overbought... it's being counteracted however by some of the bots that run in our internal market. Smooth runs one, but there are others too.
Simply, they sell hdb for hive until hdb goes back to a dollar, effectively pushing the price of hive up. They make "money" with the arbitrage, the difference in pricing between the internal market and exchanges.