Hello and Namaste Everyone
This time the price of the hive is low and I think this is a good opportunity to buy and accumulate more coins. It's not the kind of financial advice that I'm sharing but I believe if anyone is trying to build a better holding of the power on this platform then right now it's a great time. Even I have been building the HP for the last few years and this is a valuable part of this entire ecosystem.
I have also spent a couple of months building some HBD holdings and all these balances are lying in the savings of the wallet. As we know keeping HBD in savings can generate an APR up of 20% which is too good. Earlier I did the same but when the price of five was low I converted it all and later I never got it back. A lot of people do this conversion because when the high price is low then we get more coins against HBD. After all, this is back to $1.
This is the HIVE and HBD price as per the market and I can get a conversion rate of 4.5 approx. It means for 1 HBD I can get 4.5 hive and this is a good conversion rate I believe. Converting at this type of rate can be a good idea because this will help me to grow my power faster and HP is something that everyone is trying to accumulate as much as possible.
I have 440 HBD and if I decide to go with the conversion then with the amount I can get approx 2000 Hive. Many people on this platform do this because the good price of high is low then they convert HBD to high and when it is hive then they convert hive to H B D. Every time I try to build some holding with HBD I see some opportunity in the market to get more HP and this is what pushed me to cancel the saving and convert it all to high and later power it up to convert into HP.
I am thinking about this conversion but haven't decided on it so I will keep on tracking the price for the next couple of days and I will see if this is going to be a great deal for me. I believe even the current price is good but if I need to initiate the conversion then it will take three days for the withdrawal.
I have also started publishing my posts with a 100% power-up option because at this price getting more HP is better rather than getting some H B D. If more people start publishing with a 100% power-up option then this will also reduce the selling pressure from the market and I think it is good for the platform. I don't know the technicalities but I believe going with 100% power-up is surely a good option and I have already started using it. I started because I want to grow my H P holding as much as possible and there is no limit on this because it is a power and everyone wants to have this power as much as they can and I am not the exception.
Thank you so much
Stay Safe