Not 100% true ;D
If the Haircut comes into place and it would be for example 20% HBB/ Hive MC it would mean the converting would be cut by 50%.
Because the current level is 10%. Every HBD above that smaller the worth of the rest of HBD :D
In the worst case it starts a panic selling wave. I would start to buy at 0,3 to 0,4 :) I think risk/reward would be very good at this point :D
As long as the witnesses are profitable there is little danger of a default, imo.
If the haircut comes into effect, just hodl, it will go away at some point.
That's true :D