Understanding Hive Market: mirror to HIVE?

Good Morning fellow hivers. It's almost turkey day! I have been trading HIVE and HBD on the hive market for a bit now, but it's still kinda confusing.

The first big thing to know about it, is that it's actually trading HBD/HIVE, not just HIVE itself.. which would actually be USD/HIVE since it's the crypto HIVE, based on the USD value. So, for example, the first part (the USD) means $1 usd, equals that value of the second part (HIVE), so if HIVE price were at .45, that means for 1 HIVE, that is the amount it's worth in USD. It's kinda confusing (or very confusing), but easy to understand after dealing with it a few times..

Also of note is that HBD is pegged to $1 usd, but it does fluctuate.. so trading HIVE against HBD is much more volatile, meaning it moves around more.. :) (which is great news for anyone trading it)

Here is a screenshot that I took yesterday of the Hive market and I just superimposed a little snap of HIVE and HBD price (taken from my peakd wallet)

Then here is a screenshot of the same, from today

We can see that HIVE price rose by $0.004 HBD rose $0.03

and that resulted in HBD/HIVE rising by .32386667 (nice round #)

I am not certain of how the HBD/HIVE value used by hive market is exactly derived, but it means that today, as of the time the screenshot was taken, 1 HIVE was worth 0.33 HBD (which is itself, is worth $1 usd right now)

The AWESOME news is, when trading on hive market, it will tell you exactly how much HIVE or HBD you will receive after any trade is completed. I will enter one now to show you just what I mean..

Right now, I have 1.931 HBD available to trade

I want to use all my HBD, so I just click on the red 'available' to use it all for the trade.

It will show you exactly how much HIVE you will get at that current HBD/HIVE price.

If it looks good to you, then just click BUY and confirm it.

After a few months of using hive market, I am still NOT 100% sure how everything is figured or works, but I just does.. work, I mean. :)

As long as you are happy with that final number of HIVE or HBD that you will get from a trade, then it's all good. You will have to wait a time for the market to hit your trade price, and that depends on how far away your trade price is from current price, but you'll find out all about that.

I just take screenshots after each trade, then go for a bit more HIVE or HBD on the next trade. (I did trade where I lost a few HIVE or HBD by mistake a few times too, until I figured this out, but now you have this small guide to help you NEVER do that! :P)