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Hive pump/ HBD drop - Not stable yet

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@chronocrypto
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With a true HBD peg on Hive, making and catching profits would be magical.. sad news is HBD is not a stable coin, so it is sporadic like a crazy ex at crazy times.. like this past couple of days Hive pamp but HBD drop...

Yes, If HBD was somehow able to stay put like Tether or and other stable coin for that matter sure we see .5% on tether but it always comes back to $1 as where HBD it loses 7% and stays that way for days even weeks. (The reason it is not stable*, is due to the fact there are not enough HBD out in the open).. thus why we are earning 10% earning HBD essentially printing more HBD.

*Hive Pump

look at the massive Hive pamp? (Yes massive) With HBD not being stable it's a bit worrisome not to be able to just trade on the go within the hive blockchain not even the internal market is able to assit in taking and securing profits with HBD. Sure you have outside Exchanges and we barley have any that holds Hive let alone walking on egg shells not to get your account blocked.

Take some of that liquid Hive you hopefully hold and sell and set it aside in HBD.. in a close to perfect stable coin world for hive that is..

This is the market today, mind you Bitcoin is up but most all alts are down due to the Crazy new bill that contains Crypto regulations I wrote on it Crypto trying to get nerfd by feds

*HBD Drop

The two images above are a bit sad. How does the pegged issue get fixed? by burning Hive? Printing more HBD? It would sure help lets have our own printing machine like Mr. Jerome Powell

HBD stabilizer continuation and increased funding This explains a bit about the HDB pegged situation more in depth.

All I am saying is it would be pretty epic if hive truly had a Stable coin of its own, this might also allow for a higher floor for hive.. which I think we have found it, Hive could still go back to $.20 cents though.

Of course what I mentioned above can still be accomplished by trading Hive for other stable coins within that exchange.

One of the great people on Hive wrote a very informative HBD-Hive conversion mechanics we have on hive. Might be better than stable coin jumping. See for your self. How to PRINT MONEY with HIVE and HBD

Maybe with this massive Hive bull run we have been having could benefit some, if you understand it.

*You can essentially print money read more about it though so you can understand.

So one of the reasons for the Peg not being there is due to not being a lot of HBD around since HBD is not truly pegged it is some what bad and not seen as serious of course if it was and there where millions upon millions of HBD that would also rise up the price of Hive.. since it's more flow of stable coins making it a beautiful system. Allowing more fiat to drip into a 10% HDB savings account.

With 100K earning 10% that's a cool 10k a year.. the amounts start to get crazy of course when you have more $$ you can earn a ton more with say a 1,000,000 deposit earning you 10% that's a cool 100k a year... Live off grid live out in another country ect live life.

Posted Using LeoFinance Beta