Hey All,
Let me start with the basic information around #HBD aka HIVE Backed Dollar - which function as a stablecoin within the Hive network, deriving its stability from the network's capability to exchange them for an equivalent value of $1 USD in HIVE. The blockchain rules impose limitations on the creation of HBD to ensure the well-being of the Hive economy. In case you are interested to know about HBD i.e. where to buy HBD from, HBD marketcap and all the rules associated to it visit @ausbitbank Website here.
MY HBD In Savings - 4K+ What's Coming Next???
I currently possess 11K+ #HIVE in my wallet and am contemplating whether to initiate purchases of #HBD or continue awaiting a HIVE valuation surpassing the $0.50 mark. My primary objective for holding HIVE revolves around obtaining a favorable rate, subsequently converting the entirety into HBD (Hive Backed Dollar), and depositing it into HBD Savings to benefit from the enticing 20% APR. Broadly, my strategy involves accumulating over 20K+ HBD in the savings account and until then the focus is to continue to BUILD & HODL HBD. All the interest that I am earning on a monthly basis is being redirected back to the savings account. As you can see I'll be receiving an interest close to 60+ HBD - so that is directly going back to the savings account for sure. The next stop will be at 5K+ HBD in savings not sure on the timings when I should be able achieve this goal. In two months time frame? God knows. But what I am sure about if #HIVE pumps from here then definitely I am going to use the liquid HIVE and swap it for HBD. Hence sooner we see action in the price of HIVE the better position I will be in to achieve my goal for HBD in savings. I have also another plan where I am relying on my other crypto investment which is in #RUNE. I still #HODL close to 2K+ RUNE tokens and I am not selling them until it reaches the $10+ mark. Currently RUNE is trading around $5+ mark so it need to 1x from here before I sell any RUNE and swap it for HBD. I guess liquid HIVE and RUNE should definitely help we with my ultimate gosl for HBD which is 20K+ HBD in Savings.. lets' see what the future beholds until then its a wait and watch game and keep accumulating at regular intervals.. 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 #defi #apr
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