The first rule of Hive Dollar Club is never internally convert your Hive Dollars to Hive at the bottom
The second rule of Hive Dollar Club is never internally convert your Hive Dollars to Hive at the bottom
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Question: What if this is the top?
If it causes significant inflation to conver from hbd to hive, it’s not the top
I get it. It's difficult to get all minds on the same wavelength. Relativity and all that fun stuff, right? Price shoots up to 40 cents for example. People follow the suggestions here, but it's still not an ideal situation. That's not the top, it's still the bottom. Doesn't matter what the price is, the top and bottom, realistically, is a wild guess.
And much of this top and bottom stuff is dictated by outside influences. It's fun to think we have control over crypto. Twisting all these knobs and dials, pulling the levers. Trying to create ideal situations because it looks good on paper, but it's all a gamble.
The bulls and bears everyone comes to see are on the outside of the fence. We're acting like the zoo.
Local highs and lows would be a lot more easier to call, if all these various products we have here were generating income from outside sources constantly. Basic example: When a new business springs up, or and old one shuts down. That can be observed. We have products here. Example: each one of those breakaway communities is a product that can generate income that has literally nothing to do with crypto. Crypto becomes a tool we use rather than being controlled by the tool.
blah. Enough out of me...
Speaking of products. HBD savings. Top, bottom, inflation. These things don't matter to someone who had the goal of growing their money in mind. Regardless of conditions, when that individual decides it's time to go, it's time to go. Conversion is the most convenient. That's the offer on the table. It's common practice to go from stable coins to something else hitting lows and that doesn't have to be HIVE once everything is said and done. In theory it works great, for those interested in the offer. In practice, it doesn't work great, for those making the offer. Not much can change that.
And whatever gains are made pinching pennies at the bottom are lost the longer this goes on. More involvement speeds up the loss. In this scenario the bottom and the top is one thing, not two things. Cutting one end of the rope off and tying it to the other end does not make the rope longer.