RE: Hive Backed Dollar (HBD) Is Becoming A Stablecoin
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definitely an improvement after HF25, but the real test comes when the big market moves start again.
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You are viewing a single comment's thread:
definitely an improvement after HF25, but the real test comes when the big market moves start again.
I think that is going to be a test. If we see the bull take over, does the peg hold on the upside or do we see HBD pump?
I guess if it does moon, a lot of us who have it in savings can sell which will push the price down.
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Remember, there is now the opportunity to convert Hive to HBD and sell the HBD so everyone can quickly start converting and selling at a profit which should quickly push HBD the price down.
That is very true. We are now seeing the ability to offset price moves on both sides.
We didnt have that before. Arbitrage can help to offset what the price action is doing.
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Yup. It’s got no real peg. If we see a crypto crash we’ll see .80s for sure snd lower likely. Same other way. I mean seeing it here at .94 cents right this moment well there goes ur interest if u bought at a buck. I just think it’s pointless since it’s not a actual stable coin. I wish we’d fork and just turn it into Hive as a one time thing.