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RE: How to take advantage of high HBD prices - Over 10% profit

in LeoFinance3 years ago

But what if by the time I convert the Hive into HBD the price of HBD is below 1.05? I would assume I need to be holding HBD prior to it rising over 1.05?

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You receive HBD immediately after the conversion. It only holds half of the HIVE for 3.5 days.
Actually, it gives you a loan at the time of conversion for half of your HIVE and the actual conversion happens 3.5 days later and it returns the rest of HIVE.
It's a little bit confusing but you can try smaller amounts to understand it better.