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New conditions, New plan... by toofasteddie

View this thread on: hive.blogpeakd.comecency.com
· @toofasteddie ·
$12.94
New conditions, New plan...

HBD far from stable but...nonetheless, very good opportunity to accumulate HIVE.
![image.png](https://images.hive.blog/DQmfQ7WbEGVuss8Az1tMD6enJSa7NscQftVY9ARDP4184xQ/image.png)
([Source](https://www.marketingguerrilla.es/por-que-los-planes-a-no-funcionan-y-los-planes-b-no-te-hacen-feliz/))

Change of tactics for now. HIVE has fallen sharply, 18% against the $ and 11% against BTC...

<center>![image.png](https://images.hive.blog/DQmaD3NKRzTbjWp8KVTDwrCViRaanq1CwyCfDqrgnrpFtGu/image.png)</center>

So has HBD, which has fallen a little over 5%, although it obviously remains strong against BTC.
<center>![image.png](https://images.hive.blog/DQmee57dxWA7qDbwaWS684CjaMMjZAog8e31KducZM3kVw6/image.png)</center>

But as you may already know, as long as HBD is below its peg (aka $1), the conversion process presents itself as a good opportunity.
## How does it work?
The HIVE blockchain makes it possible to convert HBD into HIVE in 3.5 days at the rate of receiving $1 in HIVE for each HBD... do you see the opportunity? 
Yes, although the HBD has a real market value of $0.90 at the time of writing this post, after 3.5 days of conversion, you will receive the HIVE equivalent of $1, or 10% more.
I'll explain it better: The blockchain automatically process the exchange over a period of 3.5 days, at the end of which, each HBD will be converted on liquid HIVE with a value of 1 USD worth in HIVE tokens. This option is very convenient when HBD price is below 1 USD , which is currently the case more or less...

I don't know for how long HBD will be out of its peg, but it doesn't seem like the various strategies to keep HBD's peg at $1 are working at 100% efficiency when the market falls apart.
So for my part, this poses a change of strategy, half of my liquid rewards which were going in full to my "savings wallet" to get 12% APR, will now go to the HBD to HIVE conversion.

The HIVE obtained will go to POWER UP.

HIVE offers multiple solutions depending on the conditions, we just have to be a little attentive and use them in each case.

New conditions, new plans...

@toofasteddie





Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@toofasteddie/new-conditions-new-plan)
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vote details (95)
@acesontop ·
$0.10
>although the HBD has a real market value of $0.90 at the time of writing this post, after 3.5 days of conversion, you will receive the HIVE equivalent of $1, or 10% more.

I didn't knew that... 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@acesontop/re-toofasteddie-cnydh)
👍  ,
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vote details (2)
@toofasteddie ·
come on! cannot believe you 🤣
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@acesontop ·
yep...im a noob... 😀
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@bitbrain · (edited)
$0.07
Good idea, it's time to swap.

...er, but how do you do that? I assume it's not in the normal HIVE wallet market, or is it?

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@bitbrain/re-toofasteddie-7idmf)
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vote details (1)
@toofasteddie ·
You can do it on keychain

![image.png](https://files.peakd.com/file/peakd-hive/toofasteddie/245TE4GStQWvzAUQaGGzG63WiWMgQAz8i7nEXAvrKsGTRGidQ8snV3LTpmxoNWPqBkbqx.png)

an also in the peakd wallet
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@bitbrain ·
Thanks man!
👍  
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vote details (1)
@joetunex ·
$0.09
What if after 3,5 days the price of HIVE rises above the $ mark will I still be getting HIVE converted to the rate I did when it was under the $. 

More reason I feel leaving some liquid HBD is also important for opportunities like this. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@joetunex/re-toofasteddie-4wsgqh)
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vote details (1)
@toofasteddie ·
I think for both the average price of the period is concerned only
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@poshtoken ·
$0.08
https://twitter.com/thecryptorunner/status/1484916840816070657
<sub> The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>
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vote details (1)
@readthisplease ·
$0.03
😂 I didn’t know the market helps automatically converts to exactly $1 worth of Hive, I will have to test run this myself. Thanks for the tip. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@readthisplease/re-toofasteddie-3e2b5n)
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vote details (1)
@toofasteddie ·
welcome
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@wdougwatson ·
$0.04
I'm glad i read this post. i didn't realize the peg was broke again.
thanks for lighting the way. 
👍  
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vote details (1)
@toofasteddie ·
you are welcome
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