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RE: Bought some more HIVE and it's a good time to buy HBDs on Upbit...

in GEMS5 years ago

Does the falling price of Hive can effect the profit of HBD conversion?

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If You want to sell HIVE after - Yes, obviously. Look at BTC or USD prices too when converting.

It makes it more profitable to do the conversion with HIVE falling while you are doing the conversion, IE you would receive more HIVE when it finishes the conversion if HIVE drops. If HIVE goes up, you will receive less HIVE than you would have when you started. It calculates this based on the 3.5 day average price of HIVE once you start the conversion.