Another Opportunity As HBD Hits $1.48

Today there was the rare opportunity to trade your HBD for Hive at a 25% discount if you compared the price with the exchanges. Normally the internal exchange is slightly more expensive than those that are external and the price gap was quite telling. It turns out HBD pumped to around $1.48 which is not good considering it is a stable coin. I understand the stabilizer mechanisms will bring it back into place, but this is still not perfect.

A 51c swing in price in the last 24 hours highlights how stable HBD is and is definitely not ready for the masses. I personally think we need to come up with an alternative solution for securing it to the peg as this clearly is not working. COTI is about to launch their stable coin for DJED and is 4-8 x over collaterized and will hold the peg due to smart contracts in place.

Huobi had Hive at 0.3975c compared to the 0.3165 c on the internal exchange which is a massive difference of 0.081c per Hive.

Binance had a similar price so it was no error as they were at 0.3967c per Hive.

I managed to power some Hive up and sell some buying some extra COTI before the DJED launch which is expected tomorrow. Hive is by far my most important investment in crypto and the hope one of these days is to be able to bring back profits from other investments externally growing my Hive stake even higher.

We all have goals and dreams and sometimes it takes some outside the box thinking to get these achieved or in a quicker time frame then first planned. Normally you hear about opportunities after they have happened and this was the first time I could actually partake and take advantage. They say in crypto you have to sleep with one eye open as opportunities do come around fairly regularly in places you would never imagine.

HBD offering a 20% APR is a fantastic investment and will be waiting patiently in the side wings to ape in when Hive rises in value. I am someone who loves the idea of earning a passive income and even if the HBD APR was reduced down to 15 or 10% it would not change my thinking.

One could swing in and out of HBD on a regular basis depending on price as this would be one way to grow your overall stake and dollar value. Thinking back when Hive was over $3 you would get 3 HBD for every Hive and now you are receiving 3 Hive for every 1 HBD which is the other end of the scale. In theory you could grow your Hive stake by 3 x using this method which is rather insane to even contemplate.

Who knows what opportunities lie ahead in the future as the one thing in crypto you can guarantee is volatility. The hope is at some point this starts to calm down as planning a passive income on these types of swings is somewhat impossible. This is the beauty about being early though and taking advantage of the volatility in order to grow our bags. These rare opportunities are a welcome sight and not to be missed.

Posted Using LeoFinance ^Beta