#AskLeo Is it a good time to use the Hive-HBD internal conversion tool? by mistakili

hive-167922 · @mistakili · Sep 3 '21

$26.80

#AskLeo Is it a good time to use the Hive-HBD internal conversion tool?

![08EAC9BF-AA16-4760-9E96-18931917F9C8.jpeg](https://images.hive.blog/DQmevorHCgWg2hxCVfYpm2u1ig49z4UQyRYaJfoth2PE8Gc/08EAC9BF-AA16-4760-9E96-18931917F9C8.jpeg)


Is it a good time to use the internal chains conversion tool to convert hive to hbd at 1.05? Posts about how these conversion process have caught my attention in these few days, I’m interested in it because it is a process to help HBD stay at the peg one side, on the other side it also helps put a buying pressure on the price of Hive when done en masse, couple that with the amount of Hive that has been leaving the exchanges these past few days, Hive is about to blow out on everyone’s faces. 

And, the process also ends up being profitable because what you’re doing is basically arbitraging, this is one of the most interesting ways of making the HBD stay close to its peg in a bull run! 

Today I woke up to Hive at $0.6 and HBD at 1.28, I think it’s a nice time to do the process, but I have few questions, what is the implication if Hive keeps going up to say, $0.7 or $0.8 within the 3.5 days of the conversion time? I’m still trying to fully wrap my head around it in practice. While I think it’s a good time to do it, do you think it’s a good time to do it? 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@mistakili/askleo-is-it-a-good-time-to-use-the-hive-hbd-internal-conversion-tool)

👍 leo.voter, smasssh, bagholders, penguinpablo, jim888, scripsio, kenny-crane, josediccus, daltono, organduo, shortsegments, new-world-steem, steemflow, arcange, kreur, arunava, mammasitta, ew-and-patterns, abacam, carrieallen, oldmans, acesontop, alphacore, trasto, dylanhobalart, goingbonkers, escapeamericanow, pcste, megavest, sbi5, laruche, idiosyncratic1, okean123, khaleelkazi, roleerob, pixiehunter, culgin, jeanlucsr, kennybot, actioncats, garagebill, olumzy, lordneroo, mightpossibly, liberlandpress, kiokizz, tiamaria, gadrian, splinterstats, anotherjoe, rok-sivante, dante31, funnyman, moondancer762, walterjay, cielitorojo, jacuzzi, opinizeunltd, yefet, arsenal4life, obsesija, uwelang, leofinance, elderson, and 229 others

`author`	mistakili
`permlink`	askleo-is-it-a-good-time-to-use-the-hive-hbd-internal-conversion-tool
`category`	hive-167922
`json_metadata`	{"app":"leofinance/0.2","format":"markdown","tags":[],"canonical_url":"https://leofinance.io/@mistakili/askleo-is-it-a-good-time-to-use-the-hive-hbd-internal-conversion-tool","image":["https://images.hive.blog/DQmevorHCgWg2hxCVfYpm2u1ig49z4UQyRYaJfoth2PE8Gc/08EAC9BF-AA16-4760-9E96-18931917F9C8.jpeg"]}
`created`	2021-09-03 11:51:54
`last_update`	2021-09-03 11:51:54
`depth`	0
`children`	1
`last_payout`	2021-09-10 11:51:54
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	13.478 HBD
`curator_payout_value`	13.326 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	1,380
`author_reputation`	651,388,925,776,616
`root_title`	"#AskLeo Is it a good time to use the Hive-HBD internal conversion tool? "
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	105,986,938
`net_rshares`	22,592,307,754,608
`author_curate_reward`	""

properties (23)vote details (293)

voter	rshares	pct
yefet	4,964,640,325	8%
rok-sivante	9,190,992,143	100%
kenny-crane	403,365,870,995	50%
garagebill	19,415,288,149	100%
mammasitta	121,742,336,256	30%
arcange	151,005,595,354	2%
pcste	38,176,151,012	90%
raphaelle	1,610,594,911	2%
toolbox	0	2%
pixiehunter	22,458,394,258	100%
anotherjoe	9,610,514,260	90%
escapeamericanow	51,216,024,350	90%
penguinpablo	1,040,347,978,657	24%
uwelang	4,836,494,159	0.8%
moondancer762	6,284,006,579	100%
funnyman	6,936,281,230	9.6%
okean123	30,066,165,113	54%
fortinbuff	1,733,938,034	90%
dylanhobalart	67,883,771,254	22%
ahmadmanga	552,287,131	11.2%
expatembassy	512,554,483	90%
walterjay	5,984,166,440	0.35%
tiamaria	14,722,978,033	100%
siriusgaia	1,774,760,482	100%
lordneroo	16,698,541,906	50%
smasssh	3,816,838,543,255	100%
opinizeunltd	4,988,904,741	30%
arunava	147,637,069,645	10%
flauwy	2,125,239,839	9%
alphacore	85,366,551,946	4.84%
ew-and-patterns	118,957,302,280	10%
avisk	634,350,035	54%
kiokizz	14,880,183,813	45%
dante31	7,397,031,807	8%
jeanlucsr	20,290,471,620	12%
bahagia-arbi	1,994,887,911	16%
carrieallen	114,059,136,547	100%
chamudiliyanage	4,334,719,390	100%
roleerob	27,897,259,588	8%
khaleelkazi	28,292,386,496	60%
josediccus	379,906,061,672	40%
mightpossibly	16,368,483,628	16%
new-world-steem	163,295,383,162	100%
steemflow	154,287,069,654	50%
paulmoon410	514,276,395	4%
elderson	4,746,100,286	8.5%
jim888	539,421,150,056	22%
daltono	361,506,161,399	17%
culgin	20,799,212,613	30%
purefood	650,014,201	60%
victorialegend	4,693,120,635	100%
bet1x2	633,836,300	100%
organduo	341,015,094,279	60%
obsesija	4,868,819,144	8%
gadrian	11,910,052,417	8%
ross92	666,926,326	8%
getron	880,443,980	16%
acesontop	110,015,033,672	100%
kennybot	20,127,360,876	100%
russiandownload	768,048,489	54%
oldmans	112,440,625,744	59%
merlion	1,285,362,177	24%
sbi5	36,809,664,897	4.7%
agathusia	716,106,983	100%
abacam	114,794,644,684	100%
abcor	4,591,053,293	100%
shortsegments	188,181,898,567	100%
olumzy	17,322,497,173	4.8%
gallerani	949,324,940	16%
aboost	901,045,443	100%
bifork	776,823,524	100%
zeeon	523,619,633	100%
davidox	785,217,649	100%
daleron	650,908,866	100%
misterios	631,073,450	100%
corill	630,893,476	100%
bkt	630,996,431	100%
liberlandpress	15,676,124,200	45%
raiseup	1,814,712,190	24%
goingbonkers	66,330,685,724	100%
xcore	630,720,373	100%
alfabet	511,375,366	100%
sonmi451	767,146,775	100%
klan	792,336,524	100%
triptolemus	1,090,738,450	60%
steemaction	3,212,012,644	24%
pboulet	833,292,224	0.7%
banat	3,229,519,826	16%
jacuzzi	5,091,914,004	4.8%
kakakk	1,161,587,174	100%
flyingbolt	1,151,569,303	16%
idiosyncratic1	31,406,984,892	100%
hungrybear	1,087,173,580	24%
scripsio	417,707,731,290	90%
hashkings	2,302,746,585	2.4%
daniel-vs	940,128,543	16%
tina-vs	988,077,658	16%
bagholders	1,653,834,927,681	100%
byoo	510,727,671	100%
sferaz	511,046,047	100%
engrsayful	3,556,228,419	11.2%
eliptic	654,694,267	100%
amaros	511,932,386	100%
hortex	511,661,491	100%
vakum	566,651,417	100%
megavest	37,460,381,620	16%
gangstalking	312,895,301	0.25%
shauner	613,021,074	8%
oxoskva	2,046,857,206	100%
joker777	636,998,914	100%
leo.voter	10,762,577,195,614	16%
leo.curator	2,394,806,766	48%
bala-leo	1,331,096,769	16%
athomewithcraig	1,664,171,411	8%
learn.leo	1,314,903,602	60%
babytarazkp	3,179,299,531	40%
poam	1,372,015,429	59.4%
arctis	1,059,142,656	58.8%
eloi	1,107,045,562	59.4%
refinement	1,209,508,028	60%
furtherance	1,088,242,745	60%
bastionpm	841,014,762	16%
astraeas	642,034,852	60%
chloem	939,496,624	60%
leotrail	2,304,066,143	60%
enison1	391,961,057	100%
oelgniksivart	865,502,877	30%
snoochieboochies	536,626,189	8%
peacefighter	511,288,820	100%
autowin	1,182,834,807	60%
meosleos	1,170,788,598	59.4%
firstwave	640,052,906	100%
policewala	888,999,540	24%
forwardassault	645,750,962	100%
dexy50	1,749,018,220	100%
arsenal4life	4,889,300,082	100%
gogoo	637,175,637	100%
fitzmagic	634,717,981	100%
onestop	2,435,277,220	8%
monstergateway	645,632,884	100%
savageduels	636,318,201	100%
splinterembassy	636,313,252	100%
playitout	645,719,751	100%
xxxxxxxxxxxxxxxx	1,442,344,962	8%
kreur	150,655,832,505	100%
qtu	637,347,179	100%
dapplr	753,427,059	9.6%
fengchao	4,653,475,987	2%
leofinance	4,815,938,602	16%
laruche	32,397,978,399	0.7%
ykretz	3,154,712,112	8%
flowerbaby	4,551,585,482	17%
zuly63	2,285,981,100	12.8%
actioncats	19,892,056,477	12%
miloshpro	759,392,764	100%
splinterstats	10,476,116,071	45%
senseiphil	916,729,199	0.66%
ztfo	1,254,888,441	57%
bepresent	1,074,619,571	57%
jobar	1,269,606,951	60%
kaef	1,147,523,416	57%
gcomplex	1,101,702,791	60%
baluthor	586,695,511	60%
integrated	1,226,289,641	60%
hanez	1,383,098,035	60%
minebb	1,159,657,919	58.2%
plasticsoul	1,187,059,424	60%
scrpt	1,142,925,318	60%
gungunkrishu.leo	2,996,884,485	100%
druma	1,194,148,498	60%
ropehold	1,100,118,705	60%
infihedge	1,277,298,214	60%
fitlet	744,664,865	60%
strk	1,097,522,754	60%
stackfi	1,238,395,265	60%
hemerit	1,140,039,354	60%
midtrain	1,075,682,094	60%
starle	1,104,749,527	60%
thorc	1,085,081,502	60%
basechain	1,080,755,644	60%
flowc	1,082,730,432	60%
psgood	1,148,946,578	60%
tv-d	1,082,969,568	60%
supersla	1,075,200,896	60%
alorian	1,084,759,179	60%
slat	1,082,575,116	60%
protoleo	1,083,455,763	60%
muski	1,091,764,066	60%
netaterra.leo	513,564,387	14.4%
twrk	1,141,392,155	60%
eth2	1,194,493,757	60%
tslap	1,171,584,454	60%
hodol	1,161,749,984	60%
theco	1,169,990,523	60%
muskland	1,144,018,647	60%
hochismin	1,150,770,914	60%
finleo	1,116,196,200	60%
sharkleo	1,471,999,880	60%
givup	1,169,338,237	60%
etheru	1,183,672,444	60%
leo.tokens	1,426,187,539	16%
bynd	1,184,815,859	60%
elong	1,167,948,141	60%
ravthijo	3,889,815,705	87.6%
logroll	1,205,955,328	60%
outperform	1,176,724,695	60%
perfi	1,161,232,862	60%
foreo	1,182,056,738	60%
capsule	1,177,880,763	60%
sn8	1,179,311,057	60%
fundament	1,179,093,067	60%
index-a	1,157,100,687	60%
kropak	1,139,677,300	60%
bitbi	1,163,453,138	60%
cielitorojo	5,869,635,540	8%
feelfor	1,159,052,823	60%
mercador	1,143,909,108	60%
companyx	1,185,704,135	60%
hallogen	1,158,701,727	60%
hodldays	1,147,889,045	59.4%
mandawanda	1,181,721,185	60%
portfoliomargin	1,185,014,666	60%
belemo.leo	2,090,638,585	100%
fremo	1,145,042,621	60%
deliveries	1,154,709,261	58.2%
jackedup	1,129,341,416	58.2%
tierbtc	1,123,857,434	58.8%
cancu	609,425,486	30%
compoundin	1,141,706,357	59.4%
frankjr	1,157,476,456	60%
waiting8	1,143,005,719	58.2%
starked	1,133,421,042	60%
mk2	1,117,292,272	57%
ghostdrive	1,142,385,604	58.2%
thatbull	1,180,632,372	60%
heimdalla	1,160,867,597	58.8%
pitchleo	1,155,909,199	60%
hollywoodz	1,160,364,763	60%
zbh1	1,166,184,975	59.4%
blockhire	1,162,297,253	60%
f82	1,179,143,187	60%
natureway	1,177,869,321	60%
knowhere	1,161,781,834	60%
gamor	1,153,836,495	60%
dvision	1,162,267,818	60%
quantumant	1,177,433,725	60%
cvlwar	1,163,715,548	60%
sanctum	1,177,188,618	60%
challa	1,135,916,490	60%
apeople	1,173,065,600	60%
quantumblank	1,199,063,379	60%
fundacoven	2,011,183,183	14.4%
endgames	1,369,484,111	60%
justbuild	1,175,051,792	60%
realleader	1,198,576,351	60%
gohodl	1,176,213,599	60%
leverup	1,145,374,746	58.2%
justcapital	1,182,189,012	60%
rarej.leo	0	100%
reflecting	1,181,251,656	60%
buildhedge	1,162,434,826	59.4%
elongate	1,194,287,796	60%
amongus	1,161,630,427	60%
elgatoshawua	1,543,499,592	8%
seevision	1,158,559,637	58.8%
yellowstone	1,182,965,839	60%
floobrecords	2,448,220,962	30%
runify	1,197,380,615	60%
luckyali.leo	514,076,819	16%
cybermusk	1,183,450,914	60%
cornerbreak	1,184,222,735	60%
findbalance	1,197,132,985	60%
saylorfy	1,219,319,597	60%
lasergang	1,184,033,908	60%
billionsight	1,158,818,186	60%
darkelon	1,182,984,893	60%
onemission	1,151,728,764	60%
totalrekall	1,189,466,253	60%
alt.leo-runner	315,946,425	100%
capitalcost	1,150,364,144	60%
stablefi	1,156,649,448	60%
ledg	1,195,548,528	60%
ironhot	1,195,258,921	60%
mylioness	1,185,903,310	60%
pubgood	1,190,325,171	60%
bitjoins	1,149,618,082	60%
impurgent	637,986,586	40%
tolf	1,189,171,691	60%
hodlmi	1,167,153,735	58.8%
optionfreedom	1,125,470,598	60%
selectyourself	1,177,426,991	60%
robmojo.leo	1,709,094,008	48%
trasto	81,665,386,396	8%