Easy Profit On Hive

in hive •  3 years ago 

There's currently an easy profit method going on in Hive if you are willing to wait about 3.5 days.

All you have to do is use the Hive -> HBD conversion feature on hive to convert the HIVE you have into HBD. PeakD has a good place for that(https://peakd.com/wallet). As long as you have some Hive, you can use the dropdown under the amount of Hive you have to select "Convert To HBD". Use that to convert all your Hive to HBD. You'll get some HBD out of that.

Now you can either sell that HBD on an exchange, you should be familiar with how to do that so I won't go into it. But I'll show how to do it in Hive's internal exchange.

Use https://wallet.hive.blog/market to buy Hive with the HBD you just got.
Have it autofill in the prices to make your life easier. On the left side, just click on the available and lowest ask button and it'll fill in the values. Hit Buy Hive to buy some Hive.

Keep repeating until you have no Hive left to convert or the price of HBD has fallen too much for this to be profitable.

This is profitable as long as you can sell HBD for above $1.05 on an exchange(external or internal).

(Only do this if you understand what it is and how it profits, otherwise you can lose money. Its probably one of the easiest ways to make money in crypto right now.)

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  ·  2 years ago  ·  

I convert my Hive to HBD then lock into Savings to earn 20% APR.

  ·  2 years ago  ·  

That's some nice APR. I've been trying to play dCITY whenever I remember.