I noticed Blocktrades can convert STEEM to HIVE again

I must have been away from Hive when Blocktrades regained the ability to convert between Hive and Steem. I recall the account's funds being frozen on Steem at one point. I'm glad they are back in the mix. I was planning to sell all my...

3 months ago, comments: 1, votes: 12, reward: $0.27

I must have been away from Hive when Blocktrades regained the ability to convert between Hive and Steem. I recall the account's funds being frozen on Steem at one point. I'm glad they are back in the mix.

I was planning to sell all my STEEM for BNB to set aside. Now, the possibility is to convert my STEEM into HIVE. There is some risk with this in that Hive is newly listed on exchanges. Thus, some of the price spike may easily be pump and dump while it's still new. In that case, I am better off waiting for the price to stabilize.

I don't want to sit in Steem too long. As it is, a good portion is locked up in leases that will delay my power down by a couple of months. For now, I am liquidating the available SP.

I may continue to park STEEM into BNB for the time being, then convert the BNB to HIVE later. I'm expecting Binance to do well leading up to and after the BTC halving. As they intend to burn tokens based on a percentage of their quarterly profits, I do expect they will have a good Q2 in 2020. This should mean a sizable burn. Thus, we should see a pump in price.

I hesitate to invest fiat or other crypto into Hive simply because I can grow my account merely by doing what I already do. That is by writing posts, commenting, and upvoting, I can generate Hive. Perversely, the larger my account grows, the easier it is to make more Hive. My biggest investment in Hive is time.

It is important for me to remind myself that everybody is a genius in a bull market. The BTC halving presents a good opportunity. It is helpful to have exchanges like Blocktrades that permit an investor to move between ideas easily. Granted, the BNB move is happening via Binance. But, that was only because my STEEM to HIVE path was blocked. Now I shall have to think on it.