People did not realize the full value of #HBD and its high interest rate. That was the effort of the witnesses who raised the HBD APR to 20 percent.
Unfortunately, hive and other users did not comprehend the value of such a high APR. That is why we are seeing witnesses with reduced HBD interest today.
For your knowledge, #HBD APR has been reduced to 15%. If you put your HBD into savings, you will only earn 15%.
It is unfortunate for the HBD holders because it is a great shock to them. Decreasing the annual percentage rate by 5% is a significant amount.
But don't panic; everything that happens is in favor of #HIVE.
Those who had (assumed) 10,000HBD and were saving were earning roughly 2000HBD per year, but now they only earn 1500HBD due to the decreased APR.
This will be disappointing for HBD holders, but to my knowledge, this choice is quite good.
The key reason is that those who currently have HBD will begin to convert to #HIVE.
That conversion will help the price of #HIVE rise which is something that all of us want.
My wish is that the #HBD APR must reduce to 8%, as this will drive users to change their #HBD to #HIVE.
Another benefit is that #Hive users will become more active on the blogging site, going for powerups and continuing to share their contents.
Still, the #HBD APR is great for investors to invest. Continue to earn 15% APR until the next choice is made whether to lower or raise the APR.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
