This is all starting to look very much like 2017 again...
HBDs are currently trading for well north of $1.
In fact, they were trading over $2 just a short while ago...
Check it out:
(Source: https://bittrex.com/Market/Index?MarketName=BTC-HBD)
As you can see though, you must be quick and nimble to take advantage of these spikes as they are often short lived.
By the time I noticed, the price had already pulled back to $1.55 or so.
This is pretty interesting considering it is one of the first times HBDs have actually traded for more than $1.
For much of their short history they have traded below $1.
And hey, it actually made my purchase here not look so much like a whiff as I should have just bought HIVE instead:
@jrcornel/looking-at-picking-up-a-few-more-hbds-at-current-prices
If history repeats...
This reminds me a lot of 2017 because we saw these sorts of things with SBDs quite often throughout 2017, usually a couple times each month.
SBDs would spike up ridiculously high in a matter of minutes only to return back down to previous levels within a few hours.
Then eventually we had a massive spike in SBDs that took prices all the way up near $20 in late 2017 that held a lot of those gains for weeks and months before ultimately going back to $1.
This in turn helped pull the price of STEEM up as people sold SBDs for STEEM and powered up more STEEM in order to earn more SBDs.
(Source: https://coinmarketcap.com/currencies/hive-dollar/)
We may start seeing the same thing with HBD...
Things could be playing out on HIVE and HBD in similar fashion to how they did with STEEM and SBD back in 2016 and 2017 when it was new and was getting listed on all sorts of exchanges...
Keep in mind that in the long run this may end up created more inflation on HIVE than is "supposed to happen" which is likely part of the reason STEEM performed so poorly through late 2018 and early 2019.
However, in the short run... a HBD price that is trading north of $1 can help pull up HIVE prices as well.
Caveat - I don't recommend ever buying HBD/SBD when it is trading for more than $1 as it is designed to eventually trade back at that level
Stay informed my friends.
-Doc