RE: Top Accounts That Converted HIVE To HBD

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But converting hive to HBD is going to be a loss, isn't it ? I mean when HBD price is high, you get less HBD, right ? First time hearing about @mika, a known whale ?



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I mean when HBD price is high, you get less HBD, right

With conversions the blockchain gives you price for HBD of 1.05, no matter the external prices on the markets. The blockchain values HBD at 1.05. So you convert HIVE to HBD for 1.05, and then sell it on the external markets for the higher price what is there ... its arbitrage mechanics

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