Last night I was looking and comparing the prices of the internal HIVE/HBD exchange with external prices and the difference was roughly 5% again. 40.8 c externally vs 42.36c internally and the culprit is HBD not maintaining it's peg.
It just sees like we are going from one extreme to another as the above chart tells us we have moved from $1.18 all the way down to $0.92c within a period of 15 days. That is a difference of 26c when the HBD price should be stable at $1. I am not having a dig at the people who are trying to maintain the price peg, but it is clearly not working yet it is. Let me rephrase that as it does work, but takes time to get back to the peg when it is over or under. The above chart tells us the HBD stabilizer kicks in and my not be as quick as we would like, but it is working.
We are currently under by around 8c which is 8% off meaning to get back to $1 the HBD stabilizer bot is selling HVE and buying HBD. The same applies when it is over we the opposite is required by selling HBD for HIVE. Still this is far better than when we had no stabilizer and why we cannot complain.
For those that remember the old chain before we moved how volatile were those dollars and they are currently sitting at $5.22 so we cannot complain. Below is a reminder of where we could be if we had no stabilizer.
I think this puts what we have into perspective and we must just work around the issue if HBD has lost it's peg even if it takes a day or so to bounce back. If you do the 3.5 day internal conversion if I am not mistaken that conversion rate is using HBD as a stable $1 value no matter what the price is even if it is above or below when converting.
We are lucky as a community to have so many coders and developers amongst us and we who aren't that clued up on code do tend to forget this fact. I was complaining 2 weeks ago when HBD hit $1.18 and did not plan for HBD being off it's peg when trying to use the internal exchange for trading.
The good news is when we look at the HBD chart it does recover and bounce back quickly with most cases being less than 24 hours. 99% of the time HBD is $1 except when we see extreme cases of volatility like we witnessed two weeks ago and then again today.