Hey All,
One of my friend here on the HIVE community asked this question to me - Why are you HOLDing like 12K+ Liquid HIVE? And I was like what should be my answer. Honestly speaking all this HIVE I had got from booking my profit from selling #RUNE and the GOAL here was to convert all the HIVE to HBD and move it to the savings account and get that 20% APR returns. But then an idea struck to my mind - what if #HIVE jumps from here and its been a long time that we didn't see the HIVE making big strides and therefore I didn't proceed to convert all the HIVE to HBD and hence the 12K+ liquid HIVE in my wallet.
HIVE today is trading around $0.36+ cents and its current marketcap is sitting around $134+ Million, with a 24 hours trading volume around $1.5 Million and has a circulating supply of just mere 371+ Million tokens. We have also seen HIVE all time high which was around in the month of November 26, 2021 (about 2 years ago) where it traded around $3+ - what if #HIVE comes back to these levels or at least cross the $1+ mark. Then definitely one would need to liquid HIVE to take some advantage - isn't it? So coming to the main question - Should I HODL Liquid HIVE & How much is sufficient? Then according to me::
Yes, we should definitely HODL some liquid HIVE in some form. You never know when the times comes and when it does you would not want to regret for not HODLINg any liquid HIVE.
Second in my case there is a purpose of HODLing liquid HIVE. So one should have the purpose or you can say GOAL as to why you want to HODL liquid HIVE. At the moment I am ok to loosing out the curation rewards if this HIVE was powered up or on the Hive Power that increases at an APR of approximately 2.94%. As my GOAL here is much bigger to tap on the opportunity to convert the higher value of HIVE to a stable coin which is HBD and park all the funds in the HBD savings account and reap the benefits in the long run.
Finally, nothing is guarantee in financial market. Your strategy could be hit or fail but at least you need to formulate one for yourself and then work it out. With my personal experience I have observed that formulating strategy do help and it brings that consistency in you which is VERY IMPORTNAT to follow and if you are lucky in between you can take advantage of the same. Like in case of #RUNE - I said it to my self that I am not going to sell until it reaches $5+ and when it did reach at that level I knew what I need to do as I had already thought about it to convert the #RUNE to HIVE for HBD and the same currently is true for HOLDIng HIVE here now waiting for that pump and get that all HBD moved to the HBD savings account and achieve my HBD savings account as well... cheers
Have Your Say on #HIVE & #HBD - HODL Vs SELL? Liquid #HIVE... How much?
Selling Vs HOLD #HIVE? Are you building your stake here on the HIVE platform? What are your thoughts in general for HBD in savings? Are you stacking up HBD or converting HBD to HIVE? What's your overall strategy for HBD looking like? What are your general thought around the platform #HIVE? Please let me know in the comment section below...
#hive #liquid #hodl #liquidhive #hivepower #hbd
HODL - Liquid #HIVE - Should I HODL Liquid HIVE & How much is sufficient?
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Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain & Cryptos and have been investing in many emerging projects..cheers