Do we ever get the crypto we are told?
I think we all tend to believe that all the crypto we have is really there and we like to embrace this illusion. But is it truly like that? Besides the variability of crypto over time, I do realise that some crypto is easily vanishing without considering too much, while another crypto is vanishing in more striking ways.
For example, I did convert a small amount of my HBD into HIVE and I did obtain the incredible rates you can see in the image below:
Considering that I have changed these currencies at a good rate (approximatively HBD = 2.01; HIVE = 0.63) and there is not much modification in the actual crypto rates, I am at least surprised. More specifically, for around 9 HBD, given the rates, I should have obtained at least three times more HIVES, and I didn't obtain even two times more HIVES. So what does HBD stands for exactly? Why this low rate conversion?
Another issue I found surprising is the fact that if you look at your same post in the next days after you posted it, the amount of tokens you have obtained for that post is no longer the same. Some tokens seemed to have disappeared without a trace. And I don't think that people are just reconsidering their votes after some days, given the fact that this happens to multiple posts. It is not enough that tokens are sold on the market at really low rates, some of them seem also to disappear before arriving in Hive Engine.
So, am I getting it wrong somewhere? I only analyse what I see without being a crypto expert or having so many notions about some of the HIVE techniques or financial skills. Some platforms or services are indeed accustomed to benefit from clients' profits, but as I see it, they usually do it using smaller percentages from those profits.
Therefore, if you have any idea about the causes of what I have just written about, please share it.
Best ❣️
Maylena
You have some good questions. I can't answer them all because I don't know all the answers, but I can answer one or two questions.
You asked about the changing value of the post up and especially down during the 7 day period before payout. The value that you see on your post is not in hive tokens, it is in the value of the tokens in dollar amount. That changes during the week as the value of hive goes up or down. Also, from what I understand, the value can also change because of the total upvotes in the liquid upvote pool, although I don't understand how that works. I know that the actual amount of tokens that are awarded to a post isnt set until the post actually pays out, and then it's based on the value of hive at the time of payout.
As for the exchange value between hive and HBD, that's constantly changing, and depends on the market at any given time. If you use the market instead of the exchange, you can see how much HBD that hive is selling for at that time. It all depends on the market.
Thank You very much @amberyooper for your answer. It definitely draws light into this matter. Given this information, I guess checking for alternative markets in Hive to make the conversion sounds legit.