Best way to buy credits, Hive, HBD or convert off market?
Ok so as we all now know the new packs will need to be bought in credits! What you may not know is that you can buy credits with HIVE and HBD.
Why bother with HBD you ask?
Well currently posts payout in HBD so people are going to be carrying some around for packs. How it then raises the question
Should I buy credits in HBD?
Well I went and had a look, currently HBD is being a little naughty and not pegged at the $1 it should be, in fact you take a 2.5% haircut for using HBD when you consider you can convert it to HIVE over 3 days at $1
However 3 days is a risky time period in the current bearish market, so let's see how much HIVE in need?
Ok at a price of $1.74 that's a fair price. So we then ask
Whats better pay with HBD or convert HBD to HIVE ?
Well lucky for us we have a market, at the current rates I can get 0.571 HIVE for 1.017 or 1.7 of peg
Now I am sure there are heaps of other option, I just wanted to show that currently the best way to get credits for HBD is to convert in market and buy in HIVE
Thanks for the comment you left on my post. This just so happens is going to be a topic I write about in the future as I believe this is an amazing tool to utilize is using dec/sps into credits as a fast way to convert into credits whenever you feel a pullback coming in the market. It feels a lot better than dumping it in hive and putting those losses onto another player.
I personally would never use hbd to get credits and hive you can consider if that is something people want. I'd personally absorb all the hbd people are willing to get rid of for splinterlands assets at the full $1 value and may even offer discounts. Middlemen can be used if necessary to make sure both parties feel safe. Good to see posts putting more light on this subject. This was actually something I told my past guild members about as soon as I realized it took sps.
I actually use credits when renting cards as it is the best way in my opinion and use my dec to put bid on cards vs purchasing outright.
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One of my dirty secrets is placing some low bids on hbd, I have scooped up a ton of underpriced hbd on quick sales
Wow not so much of a secret anymore lol. Well I'll stay away from that particular thing as there are many faucets when one has an open mind. <3
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Enjoy and thanks for your comments it means a lot. I am planning to match my boost so every time I boost my own posts I will try to find people to boost to an equal or greater amount. <3
Hey man I appreciate it I really do but I have done well in the last 6 months so use it for yourself!
I'm good lol I have far more points than I care to use anyways lol. I was gonna think of a clever giveaway with them anyways and everytime I boost I plan to add 1 hive to the ecency pool so yeah. Also no need to like other post especially older ones haha I prefer natural engagements.
It can be saved for upvoting newer players and helping build out this ecosystem 1% means almost as much to me as 100% in all honesty
Yeah, gotta say I wish they would allow us to buy with SPS and DEC directly and I'm not sure I've seen a reason as to why not.
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Agree l even if its around referall 5%, just pay out in credits
Great advice and good use of proofofbrain too haha, digging your vyb!
Thanks excited for vyb to drop!