I decided to withdraw my HBD from savings exactly three days before the dip happened. i figured that the 10% interest I was less than I would receive if I sold the HBD at 1.2.
Woe is me. I executed the withdrawal too late,but i guess that is what the three day waiting period is for.
Just wait for the next pump and sell it! HBD always does this, it is doing what it was programmed to do. Yeah that 10% is a trap, it really has to be a lot higher to make it worth holding in savings, like 30% - 50% or something.
I don't mind the trap.
I decided to play the strategy where I accumulate and periodically sell off my HBD. It is nice being able to throw the HBD in savings where it accumulates a little bit of interest. This saves me the trouble of having to time day trades to earn from the HBD.
Executing HBD to HIVE conversions is also fun. I did 23 of those last month.
The three days isn't that big a deal since HBD was pumped for around a month. The problem the above commenter had was simply waiting too long.
Yeah we had plenty of time, it was great. I think next time it will be the same, the early birds will catch the HBD worm. I'll do way more next time now that I got the hang of it. It's probably wise for me to have some sort of power down in place just for that.
Not only that. It doesnβt cover the real inflation in dollar.