Half A Million HIVE In One Day Converted To HBD? by dalz.shorts

View this thread on: hive.blog | peakd.com | ecency.com

hive · @dalz.shorts · Aug 16 '21 (edited)

$2.75

Half A Million HIVE In One Day Converted To HBD?

So if these numbers are right, yesterday there was almost half a million of HIVE converted to HBD!

HBD is making HIVE deflationary :)

![Screenshot_1.png](https://files.peakd.com/file/peakd-hive/dalz.shorts/23tSzChULwXCHPjUbGYA7mvMvVced1mQvJanbL9YPYGt8VVScxJmy34CsJxR43KW3ecWo.png)

*Finished conversions.*

Will do in detail post about this soon.

👍 ecency, penguinpablo, jelly13, frot, goldkey, vlemon, dfacademy, preparedwombat, acesontop, urun, dylanhobalart, alphacore, jacekw, johnhtims, arcange, claudio83, shmoogleosukami, good-karma, trumpikas, onepercentbetter, tin.aung.soe, laruche, pokerarema, esteemapp, anttn, silvervault, hivelist, lrekt01, funnyman, daily-coin, johnhtims.life, silverkey, fengchao, steemaction, walterjay, jacuzzi, larry21, abh12345.leo, felt.buzz, raiseup, photographercr, clifth, ganjafarmer, merlion, esteem.app, ecency.stats, coinlogic.online, policewala, trumpikasleo, hive-143869, raphaelle, hungrybear, senseiphil, paulmoon410, joeyarnoldvn, officialhisha, director.rar, stratton.npc, haxxdump, zdigital222, gangstalking, jmsansan.leo, abdul.qadir, sqube

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@ecency · Aug 16 '21

Your content has been **voted** as a part of [Encouragement program](https://ecency.com/ecency/@good-karma/encouragement-program-continues-82eafcd10a299). Keep up the good work! <br><br>Use Ecency daily to boost your growth on platform! <br><br><b>Support Ecency</b><br>[Vote for Proposal](https://hivesigner.com/sign/update-proposal-votes?proposal_ids=%5B141%5D&approve=true)<br>[Delegate HP and earn more](https://ecency.com/hive-125125/@ecency/daily-100-curation-rewards)

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@marki99 · Aug 16 '21

$0.17

It would be interesting to see the quantity of hive that was printed when people were converting HBD to hive a couple of weeks ago. 

My main criticism of HBD is that it burns hive at high prices when there's excitement in the market and prints hive at low prices when everything sells off.

In the long term it is massively inflationary, simply because of bad market timing.

👍 dalz

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properties (23)vote details (1)

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dalz	0 B		226,487,371,581	30%

@dalz · Aug 16 '21

$0.07

Yes it goes both ways ... but till now, there was only one way, meaning only inflating the supply, without the deflation option... In this year, starting from February I think, HIVE supply has been almost stagnant, while we have increased the HBD supply ...

👍 marki99

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@urun · Aug 16 '21

it was my wish it happens and it happens nice!!! 10% to the moon!!!!

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@urun/re-dalz-shorts-61bqve)

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@vlemon · Aug 16 '21

$0.11

Damn that is bullish ! I guess they wanted to take advantage of the rate of 1.05 for conversion and selling it at 1.18-1.2 on Bittrex ! Well HBD did go down which is great as it is supposed to be pegged to $1

Great for Hive overall :D

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@vlemon/re-dalz-shorts-g6g6w)

👍 dalz

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properties (23)vote details (1)

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@dalz · Aug 16 '21

Yes, high HBD price reflects on HIVE as well.

properties (22)