I've just gotten started on this, so if you cover it elsewhere bear with me.
'Converting' is a blockchain feature allowing hbd's to be burned and new hive created by it.
What may be more accurate in this instance is 'trade on the internal market'.
If hbd's are converted while the open market value is in excess of 1usd, value is lost.
If on the the other hand the open market price is less than 1usd, profits can be realized by converting rather than trading on the internal market.
These gains can be most efficiently gained by 'powering up 100%' rather than taking the time to convert.
Thanks for creating this, I'll book mark it for the newbs.
Thanks so much for this, I did not cover it elsewhere, and I appreciate every correction and clarification.
I'm doing my best to keep it all simple for newcomers, but I did amend and correct the section as best I could according to the insights you offered here. I left out the 'playing the market' aspect of HBD, but I did drop the word 'conversion' and fixed the section up a bit. I hope it does the trick. I also credited you in the guide for this amendment.
My pleasure creating it, and I'm honored if you bookmark it or share it with new hivers. Thank you!
It's a team effort here, though some might dispute that.
If we all pull together we can move more than if we struggle alone.
I'm glad you are here, don't be disillusioned by your early success, this is a long game.
Yes! Much of life (or society, at least) could be seen as a team effort.
And I feel like a lot of people pulled together to help a newb like me bring this guide to life. I mean what are the odds?
Oh, I hear you, not sure if you read my introductory post, but my homeless years taught me to take very little in life for granted and to remain humble... and it's a lesson I've practiced remembering and applying extremely often.
Regardless, reminders are appreciated, I'm grateful.
Often we don't find humble until life forces us to find humble.
Fortunately, I found mine somewhere along the way.
Life without much teaches you to appreciate things/people when they do come, but only after you miss them enough to stop driving them away.
Well said, and very true. That was the effect my life without much had on me. I appreciate the food for thought. 🙏
@antisocialist You gave some amazing help here to @ryzeonline! i know he's super grateful for it and so am I!
I learned even more things from your help like... reputation score, and especially this "Another good thing to do is to encourage the newbs to power up everything until they get to 1mv, it lets 'the community' know that they are serious about being a member."
Super helpful to me.
Again, thank you for helping out! I love it! ❤️
Np, it's a team effort.
We all benefit from more knowledgeable players.
❤️❤️❤️