Limited time offer: HBD is finally worth holding!
Something I realized just now:
HBD is extremely valuable right now.
Honestly I'm thinking about dumping all my liquid Hive for HBD right now. Probably a really smart move.
We are in an extremely tight window now where if the market dips more HBD will not dip, and if the market spikes from here HBD will probably spike higher. It's a win/win in both directions.
10M HBD is currently in circulation. This means that the haircut will not kick in until Hive crashes 33% from $150M market cap to $100M. That's a nice buffer to have.
On the upside it's very clear that the HBD stabilizers are still not working. There's a very strong chance that if the price goes up HBD will continue making bigger gains than Hive. Again, win/win in both directions.
Just did it...
Yep, just traded all of my liquid blogging rewards ~1400 Hive. Now I have 626.567 HBD. This is the most HBD I've ever had ever.
There is a chance that this strategy backfires.
If the HBD stabilizers are able to stockpile enough HBD to suppress the price then HBD will not go up if/when Hive goes up. So what I'm doing right now is basically betting against the stabilizer. Might not be a smart move.
In the end though it's nice to have a stable asset hedge once again. Don't have to worry about HBD breaking to the downside unless Hive market cap loses another 33%. Considering we are scraping rock bottom right now I doubt that will happen, and if it does that means this hedge was a smart move and I can buy back the Hive 33% cheaper than before. Easy.
Conclusion
Is safe to hold HBD again after months and months of a broken peg.
I'm now holding more HBD than I ever have before.
Hopefully the next hardfork will solve a lot of these stability issues.
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I still have a bit of HBD and ever since I couldn't get 3 HIVE for each HBD, I have have been waiting. I am wondering what price HIVE will probably stabilize in and I do think that HBD will be pumped again in the future. I just don't think it will be for another week or two since BTC is now consolidating.
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You read my mind, I stop swapping hHBD for hive as well, I kinda felt a 3 hive for each would be worth it.
I recently stopped swapping too.
I am pretty sure that, if HIVE took another tumble, we would HBD fall but at a slower rate.
I take the fact that HBD is trading around a dollar as a sign that HIVE might be leveling. So, I am still turning all of my HBD into HIVE.
Its more or less at the peg right now but I do hope for either a HIVE drop or HBD pump so I load up on some more HIVE.
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I have been hodling HBD since the beginning.
Me too, and I will continue to hold and collect it.
Yup I'm also holding my hive dollars and hoping it will go back on its high value again. Like others I'm terrified about its falling 😨.
Hang in there you'll make it party's not over till 2022 me thinks.
Wow, quite risky!
which... part? :D
The HBD holding. Don´t forget that you won´t get curation rewards for the HBDs, this adds up to the risk that the HBD stabilizers to their job or to the "risk" that just Hive goes higher than HBD (which just can happen anytime).
HF25 will have 10% interest or so on HBD I think
Thanks, I was not aware. But until then lots of opportunities to fail with @trumpman´s approach.
Your post was promoted by @jfang003
Almost 4 million HBD in @hive.fund is excluded so the buffer is quite a bit larger.
God damnit I always forget that part haha.
Hive fund lol. We need a hive foundation
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There is around 34 million USD in there, at current prices. That's bigger than some coin foundations, though not the biggest.
What is needed is people with initiative and skills to make solid proposals to use that money effectively. Without that, whether the structure is a DAO like we have or a foundation, either way the money won't be put to good use.
IMO it's too much drama to get something funded. Also, there are costs to bring the proposal to the start.
We are far away from a hire fast, fire fast mentality.
It can take months.
IMO we would need something like a Whaletank, an entertaining way to show proposals.
Fast and efficient.
Otherwise getting attention even with a super cool idea end up in politics.
I don't think it is realistic to expect every super cool idea to get funding and it wouldn't be with a foundation either. There needs to be sufficient scale and a compelling proposal, as well as clarity on its value add, otherwise it's going to remain too far down in the noise. As far as I can tell things which should clearly get funded like core development do get funded. Most of the rest it is debatable whether they actually would move the needle on Hive success and that's not good enough.
Agree on the part development need to get funded. Maybe even more as today.
Besides this leverage time is a big thing in the long run.
For example marketing or onboarding.
Things like this need time to show effects. IMO even bad marketing is better than no marketing.
Special PR work. I would like to see press releases and interviews on everything that happens on hive.
Written content, videos, guest posts. It brings backlinks to hive and also attention from outside.
New Splinterlands set
New things on Keychain
new frontend
and everything else.
Also to show outside of hive the faces of hive.
Because this is brand-building on a larger scale. That's a part we need besides development to leverage the time.
For example for a press release for today/posting wave:
"Why hive stays in btc value stronger as other cryptos"
This brings attention.
You wouldn't do a proposal for one press release, but someone with qualifications and credibility for operating a such a campaign to do so consistently could get funded IMO.
Sure this was an example. It would need one for every news, guest post, interviews, info product design, sharing, and so on. Design campaigns + execution.
constant/regular communication with the dapps + core devs.
This could start from simple " share news" into complex marketing + onboarding campaign.
Real PR work.
Is it really though?
HBD is now going to be worth $1 of hive and most likely won't come off of that if it does maybe 30% and it will be quick.
However the other side of that is now the HBD stabilizer isn't going to be buying as much hive as it no longer needs to be as aggressive. Will this start dropping the price and demand for hive?
HBD price most likely wont move however Hives price has the possibility to double in price much easier, you also earn a higher APR over HBD.
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Okay well first of all you've assumed the price of Hive will go up.
If the price of Hive goes down HBD automatically wins.
On top of that assumption you're saying HBD can probably hold the peg.
Maybe it can, maybe it can't.
If there was a 50/50 chance of Hive going up or Hive going down HBD is the obvious way to make money on average.
You always win on the way down and you might even win on the way up.
This gives you better than 50/50 odds with HBD.
That's true and good points. For a stable coin I would hope it holds peg lol but we all know how that's been going lol
For me personally this makes sense because I already have 174k locked as HP.
HBD adds a much needed hedge, even if it's less than $700.
I would love to know the difference between HBD and Hive . Am kinda confused reading comments here. Am also new to Hive
Get Korea and @kingscrown from whales is my city to rally the Asians again
Hbd is so low supply
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The haircut rule would only go into effect if the price drops to 14 cents. The HBD balance in the DHF account is not part of the equation since the last hardfork. The actual supply in circulation is around 6 million.
Now, the haircut price is increasing by about one tenth of a cent per day. So at that rate it would be on par with the current price in about 260 days.
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This is financial advice.
But is it good financial advice?
I was swapping all my HBD for hive until about a week or so ago when the price started being less favorable for the amount of hive per HBD. I'll be sitting on my HBD for a while now, unless I need more hive for something...
<There is a chance that this strategy backfires.
If the HBD stabilizers are able to stockpile enough HBD to suppress the price then HBD will not go up if/when Hive goes up. So what I'm doing right now is basically betting against the stabilizer. Might not be a smart move.
In the end though it's nice to have a stable asset hedge once again. Don't have to worry about HBD breaking to the downside unless Hive market cap loses another 33%. Considering we are scraping rock bottom right now I doubt that will happen, and if it does that means this hedge was a smart move and I can buy back the Hive 33% cheaper than before. Easy.>
This is a smart move,when trading cryptos,one must always have a plan B
It's not quite as bad as it used to be since HBD pays 3% interest now. If HBD doesn't go up and just stays at 1 USD, you still make 3%/y. Not spectacular as crypto returns go, but better than nothing.
Alright thanks for the info...
Words of wisdom from you sir...
So there is no way to automatically sell if HBD reaches $1.00? Even with some kind of a bot similar (but in the opposite direction) to the HBD stabilizer bot?
oh man, this is bear territory now. HBD is already under 90 cents. Can everyone just calm down? :((
With the tiny amount that I have, I do not think it will make a difference in my case.
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in a bear market, I would always buy HBD lower than 1$.
In a bull, it can turn out in a bad way :D
HF 25 included converting hive to HBD? As far I know this is the case.
Whats a hardfork? I usually hodl EVERYTHING!
well they all a risk these so called stablecoins but if i gotta take the risk i rather do a basket of them and include bbd coin in.
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