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Why I'm Doing The Opposite With HBD
I will admit when 20% APR rolled around on a stablecoin of HBD I was all in. In fact I started to stack it again. However personally I feel that money has to come from some where and right now I only see it sucking the life out of the value of Hive since there's very low liquidity for HBD in general. I could be wrong though and if I am someone please explain it to me in the comments.
That 20% APR
It sounds great, it is great however for me right now with the low prices of Hive and how the markets in general have been tanking lately to me that's a point to get out of stables and back into crypto tokens such as hive. That means for the most part pretty much all of the HBD I'm earning is going towards buying Hive now and helping push me to that goal of 100k that I have.
This seems to counter what a majority of others are doing and that's stacking their HBD at the moment. With Hive being down to $0.80 and even flash crashing to $0.76 this morning to me that paints a picture of Hive easily stacking 20%+ in a years time frame instead of sitting on it in HBD. 20% would mean hive only needs to touch $1 again and with all of the projects, defi and other aspects coming to hive this year I personally see no reason why it wouldn't hit $1 again and higher.
The other thing is I really don't need hive to covert to 20% higher as I earn curation rewards faster at about 9%-11% so in reality it's only a off set of 11% to 9% that HBD is benefiting me. I also have faster compounding on Hive. In fact I believe it happens per block at 2.84% on my powered up hive and every 7 days for curation rewards. Thus pushing that percent a little higher when compared to HBD which for whatever reason is a every 30 day claim.
*Hive Price over the last year
Call me crazy but I'm just not seeing the real big benefit at the moment of holding on to HBD at 20%
The Case Of Hive Over $1
Now if Hive starts trending above $1 again I believe that's the point where I would most likely hold on to all the HBD I earn from posting, trading and commenting. At that point the 20% looks more attractive because the chances of Hive trending well over $1 are well a bit slim at the moment. However HBD is liquid enough (which is the big perk bonus of it) of only 3 days so I could unstake it and use it for price actions.
Hive In DeFi
Hive is starting to spread it's wings and it started with HBD in DeFi first. However from the sounds of it the Hive token itself will also start to be a part of the DeFi system which might make it attractive because the liquidity of hive itself as well as HBD seems rather low and hard to come by. I also see HIVE becoming more of a resource token over the next few years and not so much a rewards token. As more projects, games and applications run on hive these platforms are going to need those resource credits (which is hive) to onboard people, do transactions and so forth thus driving up the value and price of Hive itself.
What are you thoughts on HBD and Hive right now?
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I think the APY rate (%22) for a decentralized stablecoin (HBD) is a good narrative to attract people to Hive ecosystem. On the other hand, the short term may not be quite fruitful if the market stays bearish. I believe the sentiment of the market will show us the returns of HBD update ✌
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I believe by the time people see how secure and how huge the APY of hbd is there is no doubt we will see high demand of hbd and many people coming to Know hive ecosystem
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I believe it will happen in Q3 - Q4 when the crypto is up again :)
That could be true. We just have to keep expanding things in the meantime. There is a lot of work still to be done with HBD to get to the point where we can accept massive amounts of capital.
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I myself can onboard 40+ people with the accounts I'm stacking.
I'm gathering enough accounts to give one to every family member that I have.
I hear "cha ching" every time I earn the ability to make another account.
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That is the question. Spec versus fixed income.
People need to decide which they are focusing upon.
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If we are building retirement accounts we need fixed income.
Still, the speculations keep things shiny and give just enough instant gratification to keep us on the fixed income wagon.
At least that's my case.
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I am doing a combination. My typed blog post rewards are 100 percent Hive. My video blog rewards are 50/50 Hive/HBD. Middle of the road. I like what you had to say. Makes sense. One thing for sure, you have to do what is right for you. Loved your insites.
!BBH
!ALIVE
P.S. Came here from ListNerds
Probably the safest approach. Cover both sides, having some spec money growing while also expanding the amount in your fixed income pool.
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@bitcoinflood! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @bradleyarrow. (4/30)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
That is a good point. I hadn't been thinking of it like that. I already hit my HBD savings goal, so at this point I could start moving some more back in to Hive again. Then when Hive passes HBD flip to putting it in savings again. Nice post. I found it on Listnerds.
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I delegate to CTP so I get liquid CTP.
I keep saying that I am going to convert it to HIVE so that I can help my HP grow by the 10% that I want it to, but then I want to hold on to my CTP and stay on the listnerds richlist.
I have a few more weeks to rebalance before the end of the month, but I really don't want to see that CTP.
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I have some of the CTP miner tokens that I bought early on, so I think that is where the majority of my CTP comes from.
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Hive has tanked a bit. I did not buy in the previous dip thinking it would go lower but it didn't. Not going to make the same mistake.
Need to create a fat stack of Hive Power. :') Keep going mate.
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Hard to disagree with your view there.
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Interesting take, I believe HIVE price downward or upward trend is a coinflip at the moment. For myself I'm considering swapping the little HBD I do have for HIVE as my thought process is that HIVE will eventually go over $1 USD again so even if it dips from this point its just a waiting game before profit is seen.
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Yep, anything under the $0.80 mark right now is kind of my target buy in. I'll of course keep some HBD on hand because I never want to dump everything into a single investment.
Thanks for the reminder.
I think the days of 25 cent hive are forever gone.
I need to rethink my "low buy in cost" like, today...
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I buy Hive for all my HBD rewards and buy LEO for the Hive I get. I'll stick with that until I reach my first LEO milestone, but I wouldn't mind buying Hive at these prices.
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All good plays really. Lots of options when markets tank. Its when markets rally to crazy highs quickly that the only real play is to cash out.
Indeed! The decisions you make during those times can turn out to be life-changing in various ways.
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Well said. Taking profit is the biggest battle. Against greed
I feel a little greedy as my fiat starts looking like it could get me some nice tokens.
But I hang on cause I know the markets are much more volatile than they are right now.
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I wouldn't lie, it's actually sweet to buy Hive at the moment, I bought some which I powered up today, but the truth is, I'm waiting to see if it would dip further for it to be tastier to even buy.
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I've never had much luck trying to catch a falling knife lol
Neither can I, just gotta wait a little bit more. Haha we win some, we lose some
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I'm exactly the same as you.
I'm in the wealth growing phase and the opportunity for growth is much larger (even parabolic!) in HIVE.
Once I move into the wealth preservation phase, then I'll transition into HBD.
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What's your dream price for Hive?
Meaning
What price do you think Hive will balloon to?
I have always dreamt of $10 HIVE truly think $2.50 is sustainable, but am extremely happy when it is $1
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BTC is legal tender in the Central African Republic and then its price went down. The market is crazy. Hive could get on to Thorchain and then drop in price.
Yep that's very possible as well. With the introduction of DeFi it provides more liquidity and an easier way to get out of Hive or HBD compared to before.
It also makes a great place for those who know how to pull out at the top to park their earnings.
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I am putting HBD into the savings and I think the case of HBD being $1 Hive is going to stand true no matter what. While there are uncertainties as to how long HBD can give 20% APR, I still think the savings is a safe bet right now as the entire economic situation looks horrible.
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Uncertainty over the sustainability is what making me invest more day by day to seize the opportunity while it last but if we can get this for two or three years it will be life changing
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Well, I think there are two different things that are pursued by having HIVE or HBD. Hive is a growth token and if it succeeds, which it will, its yield will not be 20% per year but much more. If it returns to highs above $3, which is likely, the return is over 400%. HBD is one more utility token for day to day expenses that we all have. And 20% is a saving plus while you don't spend it with much less risk and above all less volatility.
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Yes.
I love the idea of HIVE mooning and understand that HBD is meant to be slow and steady.
If you can call 20% "slow"
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Read your post on my mobile through Noise, but just found you through listnerds... love the adverse approach and I do similar things on the exchanges, not staking stables I mean. Keep the good stuff coming I will start to follow !CTP
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Hey you're all over the crypto verse and many signs pointed you here.
I like hearing about when all these chains connect.
:)
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I am indeed....did we virtually meet before or was I destined to arrive here first😁
I will keep piling up Hbd still I see hive at 0.5-0.4, I’m not scared and nothing is chasing me and the goal is long term. Let see how everything plays out but irrespective of what happens it is a win-win for both parties
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Strong hands.
Keep Hodling.
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I'm putting HBD in savings right now!
Me too. I love seeing it there.
I love the possibility of it growing at that speed for years.
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That's exactly what I'm doing, cheers
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With hive it is a buyer market at the moment as this is gonna go to $1 again just a matter of when
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An eye-opening moment once again. And I think you are very right. It's a good time to buy more hive!
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Good points you have. I'm thinking about changing my author rewards to 100% HP. Seems like a sensible thing to do at the moment.
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It could be. This depends upon what you are looking at building.
Keep in mind that HIVE could drop 50% from these levels. There is more risk involved.
That is what each person has to judge.
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I'm in it for the longer term and my main goal is to gather more HP at the moment. I don't consider Hive as a cashing out investment but instead I'm trying to build more of a steady income.
Btw, if it should fall 50%, man, I would buy that dip! :)
What's your low buy in point?
I'm rethinking mine at the moment.
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I think right now is a good time to acquire more Hive, at least now that it's under 1 $. If you look it as long term investment, we are - 76% from last November ATH so it's very cheap now.
Happy Stacking.
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Cheers! Same to you
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. Keep up the fantastic work
A terrific post and concept to discuss.
I cant argue with your logic whatsoever. However, I do want to point out they are different types of investment. You are more than willing to play the speculation game. Based upon that, you feel this is a great entry point for HIVE. Hard to argue that either.
That said, with HBD we are dealing with the fixed income market. That means we are looking at a different type of investment (investor?).
Both are valid in their approach depending upon the risk tolerance one is willing to take with the money. Should HIVE exceed 20% return from here? Of course. However, is it worth the risk? That is what people have to answer.
There is a good chance that Tesla will outperform Proctor-Gamble over the next 5 years yet the latter still have a lot of buyers.
On Hive it is great to have optiosn.
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options*
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I am just focusing on Listnerds to be honest lol!
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Its good to go all in via one project.
Its laser focus that gets you places faster.
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I have my two pretend buckets - the "save value" bucket and the "I can lose this because I am bad a crypto" bucket LOL, so I am always happy to see a way to support a community I like with my "save value" bucket (moved over from Celsius stablecoin). That leaves me free to try to stack HIVE and LEO at my tiny, imperceptible rate.
I agree that HIVE ought to bounce back, but I don't really earn anything through curation either. In the long term I would definitely rather have HIVE than HBD.
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🤣 I totally feel this with the buckets
I am glad you are doing that, because it sounds like a strong plan.
Here are the things that keep me from agreeing:
I feel large enough to build both funds
Now. If hive becomes 3.5:1 with the HBD I might be back on board with you.
That said, your plan sounds great, just not for my wants/needs.
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I appreciate you sharing your point of view. I am not qualified to agree or disagree with your strategy but I like reading about another point of view. Thanks for sharing on ListNerds.
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