The Daily Meme #764!
If you read yesterday's post, then you know that you can get a bot to trade the internal market that is very affordable.
You can read that post here.
As a part of monitoring this bot, you may want to open https://hivehub.dev/@botaccount.
When you login, you will see your account's data.
Click on market.
This will be where you manage the bot.
You can swap hive/hbd through this interface.
I usually use this ui to gauge profits/losses by converting hbd to hive and adding the two hive balances.
As you can see I have 217 hive.
This bot started with 200 hive, it is currently 17 hive to the good.
As I stated yesterday, losses can occur if you don't keep tokens on both sides.
It is a simple matter to swap back and forth.
DO pay attention to the number in red, making smaller swaps will minimize the slippage.
I am letting this balance ride hoping to get to enough to not have to swap back and forth so much.
At some point I will take out profits.
But, until then I am doing my part to provide liquidity to the hive/hbd market.
IF we all do this it will help the hive be more accessible to investors.
Maybe we will finally see number go up and stay there.
Where is the best rate for HBD/HIVE conversion?
Conversion burns hbd and creates new hive.
You can find that in the wallets.
Better is to trade hive/hbd on the internal market.
The IM is arbitraged to always give 1usd of hive for 1hbd.
Any variances are shortlived.
So, to answer your question, I would use the internal market.
!LOL
Posted using MemeHive
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