Hello and Namaste Everyone
The last month I did some conversion of HBD to hive and it's because the hive price was low. There have been multiple instances when I tried to accumulate more H B D in savings but could not hold it for long because there was an opportunity in the market. The opportunity I'm talking about is the low price for hive and I thought of converting HBD to high so that I can grow my HBO faster and I'm happy that I had taken this move at the right time.
Last month also I converted all my liquid HBD that I had to hive and I also withdrew some HBD from savings for the conversion. Earlier I did the withdrawal for 50% HBD holding which was converted to the hive at a better price but another withdrawal was received late. It was late because the hive price had increased by the time I got HBD in my wallet in liquid form. Because of the price increase, I did not convert anymore and thought of waiting for some time if I could get some better opportunity later as well. Looks like now the time is coming and I have already started my action towards that because this time I don't want to miss the opportunity just because of a small difference. The price is already low and conversion at this price can be a great idea, which is why I have already started the conversion partially.
I created an order for 50 hbd and this was showing that I will be getting 267.46 hive which I find very good and can say that this is a nice amount. I have over 200 hbd in my account so out of this balance I had used 50 already but the plan is to do even more and this is why I will try to execute all these conversions partially and not all in one go. I'm not worried about the conversion back to hbd because keeping in the hive and converting this time when the price is low is a great deal I believe. Maybe I can't convince other people doing this but what I believe is what I am doing and I am confident that this conversion is going to help me a lot especially when the market recovers and by that time I should also be able to earn some APR.
I am planning to power up some amount soon but before I do that power I need to focus more on the conversion for whatever stable coins I have which is nothing more than hbd. Let's see how things are going to work in the market but this time the Bitcoin price is down and possibly because of this region the price of the hive is also low. In any market, it is difficult to predict the market value or the price but at least we need to try and see what time is going to be the best to invest in a data set that can bring more profit opportunities.
Thank you so much
*Stay Safe