The HBD Peg's Working like a charm! 🍀🍀🍀

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(Edited)

HBD is at 1.05, it's no longer profitable to do the conversion!

The Free Money Ride is Over, until the next HBD pump that is. Now we'll see if HBD can hold over a dollar, that's the real test!
Screenshot 2021-09-07 at 9.32.07 AM.png

Wow that was a really big dip last night, all the cryptos got recked. I think this happens every once in a while as the "Huckexchanges" need to clear out all the over leveraged noob crypto traders. Once they're liquidated, the pump usually continues until the music stops again. If this bull market is for real, then crypto should bounce. If the cycle just ended, then look out below, it's all over! I hope not, things were just starting to look up, however that's when the the bears always strike, when you least expect it. Fingers crossed the cycle will continue to the moon, just not for HBD any time soon from the looks of it. 🤞🤞🤞

HBD Price Chart!

Screenshot 2021-09-07 at 9.32.22 AM.png

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89 comments
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Yup! I took a nap and got up to seek the bad dream! LoL

Who dump crypto to make such profits?!

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(Edited)

Yeah crypto can be so rude sometimes, days like today really help to put things in perspective. I think it was JP Morgan that dumped all of crypto. Yeah I was having weird dreams last night too! Let's hope this is it and everything continues to go to the moon.

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I decided to withdraw my HBD from savings exactly three days before the dip happened. i figured that the 10% interest I was less than I would receive if I sold the HBD at 1.2.

Woe is me. I executed the withdrawal too late,but i guess that is what the three day waiting period is for.


Posted via proofofbrain.io

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Just wait for the next pump and sell it! HBD always does this, it is doing what it was programmed to do. Yeah that 10% is a trap, it really has to be a lot higher to make it worth holding in savings, like 30% - 50% or something.

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I don't mind the trap.

I decided to play the strategy where I accumulate and periodically sell off my HBD. It is nice being able to throw the HBD in savings where it accumulates a little bit of interest. This saves me the trouble of having to time day trades to earn from the HBD.

Executing HBD to HIVE conversions is also fun. I did 23 of those last month.

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The three days isn't that big a deal since HBD was pumped for around a month. The problem the above commenter had was simply waiting too long.

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(Edited)

Yeah we had plenty of time, it was great. I think next time it will be the same, the early birds will catch the HBD worm. I'll do way more next time now that I got the hang of it. It's probably wise for me to have some sort of power down in place just for that.

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Not only that. It doesn’t cover the real inflation in dollar.

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This is very amazing,,,hopefully hive & hbd will reach 2$ soon, I think now they (hive & hbd) are improving themselves and will soon go to the moon...

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HBD reach $2.00 ? That would just prove it’s not pegged at all and it’s likely taking speculation value from hive

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Possibly it was just a downturn, we will have to follow the trail.
Thanks for keeping us informed.

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Hi @coininstant… I have chosen your post about “-The HBD Peg's Working like a charm! 🍀🍀🍀- ”for my daily initiative to re-blog - vote and comment...
21.jpg
Let's keep working and supporting each other to grow at Hive!...

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When the market fell at night, I traded 2 minutes ago but everyone drowned

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Yeah you sure were right about how corrupt it is. Wow

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I liquidated tonight, everything sank, the market went down a lot

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Hoy nos sorprendió ese bajón del HBD, en mi caso espero a que suba para hacer los cambios a Hive en el mercado interno. Saludos

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I hope the music did not just stop now that thing are just starting to look great.


Posted via proofofbrain.io

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(Edited)

Yeah totally, that's how it always has been in the past, like the world gets all jealous. As long as we all hodl and don't turn to sellouts. If it does go down I'm gonna get more hive. The bright side is we can have sales to buy more.

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Hive is holding the highest libels it ever has. Every other time we broke .75 Cents it was a flash pump and came form fast. It’s great right now

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What about our hive which is in a process of being converted? That will still come out profitable right?

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(Edited)

At 1.05 per HBD it is break even, so you won't be losing any money if it were there. But part of the conversion is still selling the HBD for more than 1.05 to make the profit back in HIVE. Right now HBD is 98 cents so you paid 1.05 for each HBD through the swap so if you sell them for .98 you will incur a loss. You're just gonna have to wait with the HBD and sell it like any other coin when it spikes. I would not do any more conversions right now, never again unless HBD gets well over 1.05. that's the risk of this swap wit the 3 day waiting period, the gamble was that HBD wasn't gonna plunge.

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Okay okay no problem then :D I was just wondering how not to lose money on this :p Thanks!

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(Edited)

You get the HBD in advance, so there is no risk from HBD dropping. Do the conversion if HBD>1.05 and sell the HBD you get immediately, locking in the profit above 1.05. The risk of the 3.5 days comes in from HIVE possibly dropping and losing more of your collateral), but that mostly hasn't happened (other than off the brief spike up to $1+ and back down).

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Hey just a small help, I'm trying to find the instant conversions operation for the HIVE sent to the hive.fund.
eg.https://hiveblocks.com/tx/3423456951a32335a2688723c7b753a203f9d0c8

Here there is a 3k HIVE sent to the hive.fund, but I cant find the conversions to HBD. I looked in hiveblocks for the hive.fund operation.

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(Edited)

I don't think there is a virtual op for it, which is certainly not ideal since it becomes hard to track or audit the DHF account. There was some idea about adding one, but I don't know if that was done or if there is a schedule for doing it.

@howo do you recall this?

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What price is used for the conversion then?

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Ah right I had created an issue for it but it got deleted with the gitlab issue, re-created it:
https://gitlab.syncad.com/hive/hive/-/issues/172

it's still on my to-do list, but it's a pretty simple change, I'll tackle it soon:tm: to get it included in the next minor version.

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!WINE
!LUV
!PIZZA
!BEER
for you

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It another beautiful day again which I'm very happy to see this for today two USD soon
Thanks your make my day


Posted via proofofbrain.io

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I believe hbd is where it should normal be. As a stable coin it isn't suppose to go beyond this range.


Posted via proofofbrain.io

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BTC dip yesterday seem to have generally affected the market. I think hbd will go past this again. It's just important to take advantage of whatever move hbd makes


Posted via proofofbrain.io

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I hope not. The more it moves wild swings up or down it just shows it’s not at all pegged the way it should be.

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I will like it doesn't too. I think a lot will need to be done to keep it remaining at a dollar


Posted via proofofbrain.io

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Our only stable coin. Hope it fulfills it purpose by remaining a little more pegged to the dollar. Till then, it is great to benefit from every every pump that happens


Posted via proofofbrain.io

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It will never be unless they back it. I see people cheering when it was $1.25 or so but all that shows it it’s not really pegged. Besides the dollar is fi

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Funny how people want a stable coin but are excited when it goes up. A pegged coin should remain so. I hope they are able to atleast achieve this once and for all soon.


Posted via proofofbrain.io

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Damn! That's nasty and not really a good deal of a news. Especially the huge expectations we had on it to spike up. But it's ok it could still turn around positively in our favour. Just give it time.


Posted via proofofbrain.io

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It’s supposed to be pegged to dollar. Why are people cheering for it to not be? I bet Hive would be higher without the confusion.

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Thank you very much for the exchange, I think that a new growth season will begin soon , a great post, have a good day

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Thank you very much for sharing information, have a good day and a great mood

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Greetings @coininstant, it is already recovering possibly as you say, it was just a table cleaning.

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Always love you with the update you always give now is another useful information thank a lot


Posted via proofofbrain.io

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Will I am scared of just one thing and that is that it's BTC crashes from here just like yesterday then I don't want this coin to crush as well because then everything will be really in a bad situation BTC is now on its all time high almost nvc a big crash yesterday which indicate that maybe there can be a crash but if this coins stays the same then it's a victory for all of us

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Brah you gotta get your mind in a better place and quit worrying so much and being so pessimistic. If I thought that way every time btc dipped then where would I be today? Living scared under a rock. Think positive.

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i am positive its just that yesterday was not good day for me so that's why other then that hive will fly soon
inshullah

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Yeah I was the same yesterday too, I was getting worried about shiba. However after seeing what happened today, I realized I was being way too pessimistic myself.

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Hive is one of only a few cryptos to be way up in last 30 days. This is great where it is

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you know i have strong believe in this coin and i can see a great future for this soon

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@geneeverett
I see the point you made now. HBD will never be really pegged and it’s just stealing value from Hive. I don’t understand why people are cheering for it to go $2.00 and beyond. We don’t need two tokens taking or in competition rather for the same investment. I was wrong prior

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Yea I stopped discussing because I got downvoted for simply pointing out my opinion. Not worried about that on this post as he’s a great dude but yea I still feel this way basically. That said if .95 cents holds I’m not worried about it. If .95 or so breaks for more then a quick flash crash I’m not holding it anymore. Will just trade for Hive weekly

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