RE: The Daily Meme #453!
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What about converting HBD to HIVE when HBD is over $1 then converting those HIVE to HBD when HBD is below $1?
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What about converting HBD to HIVE when HBD is over $1 then converting those HIVE to HBD when HBD is below $1?
The internal market stays pretty close to the peg, about 1% variance they say, so if you have a .25 hive order on the books and hbd doubles while hive is at .5 then your order fills and you get cheap hive without paying the 5% tax and watching the 3.5 day average price not give you cheap hive.
Converting from hbd to hive when hbd is below the peg can be profitable IF the price doesn't rise above 1usd during the 3.5 day wait.
This has been a pretty safe bet, so far.
Probably better to just buy on the internal market when going from hive to hbd, imo.