Buying it with HBD on the internal market.
Whenever the HBD price deeps, the stabilizer starts selling HIVE for HBD at lower prices than the market ones in order to bring the HBD peg back.
At the moment HIVE is traded for $0.39 on the internal market, assuming a value of HBD at 1$.
On the external market the price of HIVE is at $0.45
I guess there are bots doing this arbitrage, but just in case you want to try your luck, this is the way.
Holding liquid HIVE and HBD is needed in the process.
Have in mind the liquidity on the internal market can be low, and small orders can quickly move the price up, so don't get carry away yourself with big amounts :)
As anything in crypto, proceed with caution :)
Seems to come back in balance fast :)
Anyway, keep this in mind, the next time HBD goes down :)
P.S. Another disclaimer, if the above were not enough .... the main trick will be to get the HBD from the external markets for lower prices then the one on the internal market.
I have a few Hive token. I can use it to buy HBD. I set a limit and see if the order goes through !
You should be doing the opposite, and make a full circle to arbitrage .... I suggest don't do anything if you don't understand it all
Thanks for advice. Its only a few Hives, but what I dont understand is that I did a google search. a full circle to arbitrage, it doesnt fully explains it !
Hi,
Is the image with "Normal Conditions Apply" somewhere in peakd dashboard?
Thanks
Its from here
https://hive.ausbit.dev/hbd
Thanks!
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Where we can see that information about the internal market?
https://wallet.hive.blog/market
But is is in balance now, but have it in mind, the next time HBD drops
@cryptosimplify also here: https://hive.ausbit.dev/market
Thanks a lot
This is really nice and a way to invest more beneficial rewards
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I think we cannot buy HIVE at the internal market price.
The HIVE internal market price is the median price of HIVE in 3.5 days (the price if you choose to convert HIVE to HBD and versa, not the price when you buy/sell HIVE in Hive wallet market)
In last 2 days, HIVE price was quite low so you see the median price is $0.39
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Markets fly, Arbitrage opens up, and who's eventually paying the bill for those gains?