So there's likely to be "Hive dumping" in exchange for HBD.
Sorry? What are they going to be dumping Hive for? HBD?
So the Hive/BTC pair will somehow lose value?
The Hive/USDT pair will somehow lose value?
Even though there are no valid HBD/BTC or HBD/USDT pairs to choose from?
The only way to get a significant amount of HBD is to DESTROY hive and convert to HBD.
We already say how the price goes up when these conversions were implemented in the first place.
Hive has already gone 10x since that time.
There is a HBD / BTC pair on Bittrex. Also there's the internal market where one can sell Hive in order to acquire HBD. But I sure wish you're right