Exchanging HBD Savings + Interest to be Powered Up

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Many months ago I had 200,000 Hive Power and I was voting with it.

The Hive price was somewhere between 40 cents and 50 cents each.

I decided to put half of my Hive power into HBD 💵 and transfer it to "Savings" which pays interest.

At the end of the month, the Hive dollars made a lot of interest sitting in HBD Savings, It actually made about the same amount of money as the other half of my voting power did for voting.

🗓️ Fast forward until today.

This month, I pulled all my Hive dollars out of savings which took a few days.

On Saturday, in my spare time, I started converting the Hive dollars into Hive tokens at about 10 cents each, while the Hive dollars we're at about 94 cents each. I am at the tail end of that process. Each Hive token that I buy is approaching 11 cents, but it is all the same because HBD went back up to 99 cents. I am not worried about the variance of each buy as much as I am about getting those Hive tokens powered up and making curation gains again.

I wanted to show you how to quickly convert from Hive dollars to Hive tokens. You can stop reading here, and just watch the video. To me it is pretty self-explanatory. In case it's not I will write a little bit about my thinking process and what the clicks were doing.

First I sign into the exchange. I just watch and see what kind of orders are appearing, I mean size or quantity and price. When I click a line, it will set that price above. My balance of Hive dollars is on the left side, and my Hive token balance is on the right side.

I enter an even amount of Hive, in this case 1,000 in the middle box where the order is set up. Left side.

The list of "Sell" orders changes pretty quickly when there is a lot of activity. So I look at the list and when I see one that is near 1,000, I click it. That sets the price I will pay. The amount is already set (1,000). and I quickly execute my trade. I can also look at the list, top to bottom and when they all add up to nearly 1,000, I click that order and all of the ones above it will execute when I click the "Buy Hive" button and confirm the transaction.

If my selection, and all orders above it, add up to over 1,000, there will be an unfilled remainder at the bottom of the page, which we can cancel later. I do that at the end of the video. Unfilled orders tie up your balance, so cancelling them will allow you to sell those HBDs

At the end of the process, I need only enter the amount of my balance (bringing it to zero) and the exchange form will fill in the quantity of Hive to sell.

You will watch as my balance on the left goes down, eventually to zero, and the right side balance of Hive increases until I cannot buy anymore.

The final amount of that right side Hive balance will be powered up soon.

Results:

I made money on Hive dollars (savings interest) for many months and I also made money for voting with my Hive power (half of my total total account value) the same number of months. The money that I am extracting is difference between where I bought the Hive dollars (using approximately 50 cent Hive tokens) and bought back my Hive today, each for roughly 10 cents.

I used to have 200,000 HP and, using this strategy, I now have 310,306 HP once I power it up.

Approximately 3,000 to 4,000 of that HP was earnings from interest or curation.

You can all try this when the Hive price goes back to 50 cents or a dollar.

I hope this helps.

Don't forget to check for open orders and either wait for them to execute (buy) or cancel them and use that money to buy the rest of your Hive.

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