I have a hard time getting my head around the inflation stuff and how people profit from converting. I always seem to miss out. Ive never been a fan of holding HBD but this may change that.
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Last time I converted it was not worth it, from HBD to Hive and HBD when upwards of 1USD so I took a loss, and then right after the hardfork 25 when the reverse conversion was introduced I converted Hive to HBD when HBD was above $1 but then it dipped below and again I took a loss.
That is when I started thinking about just “abusing” the interest rate and let other risk doing the work of maintaining the peg ratio, unless it is very very out of place, like very away from $1, I think from 0.9 to 1.1 dollars per HBD is still more risk than reward