I’ve come to be a fan of the HBD stabilizer. There is no rational or knowledgeable investor who is paying $8-$12 for a token thats single utility is that it can be exchanged for $1 of another token. These are not investors, they are traders... and that’s an important distinction to make. HBD is only attractive on the markets due to it having just the right market cap and liquidity that it can be manipulated for profit.
I enjoy the fact that those currently attempting such trades probably haven’t even done enough research to see that the blockchain is actively working against them! I love scalping the profits of these traders and stashing the proceeds in the DHF for future investment.
And most likely in a few months time we’ll have working reverse conversions from Hive to HBD. That is still planned for the next hard fork as far as I know. HBD will never run this high again, it’ll better serve its intended purpose and the stabilizer operations will be a thing of the past. But in the meantime I’m more than willing to arbitrage against traders and profit the blockchain as a whole.