HBD Is Our Safe Haven And Lifeline For Hive

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How many eco systems out there have their very own stable coin like Hive with HBD? A stable coin that is stable and hopefully Hive has the correct algorithm to keep it so at some point. Knowing you have something that is valued at $1 no matter what happens in the market place is very important.

The idea that one can protect their Hive account value by having a safety net within the same wallet is reassuring. I have mentioned before that this is my first bull cycle whenever that may happen and the idea of seeing Hive hit $5 or whatever number that maybe is exciting. The idea of seeing that drain away in value as the bear cycle hits is not something I want to experience.

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HBD gives us choices instead of cashing out into fiat or other stable coins.

HBD offering a 12% return with the APR is certainly something to seriously consider when the dip happens. No one knows if it will be a 4 year dip or less but the risk of serious losses is what is expected.

Lately the entire crypto market has seen a correction including Hive as we were at $3.41 not that long ago and have lost in the region of 65% since then. If we knew it was coming or had an inkling like a bear market one could have converted Hive into HBD and sat it out whilst still staying active on the Hive Blockchain.

Many of us have worked tirelessly for years so protecting our efforts through what we do is the smart way to think and act. I must admit the thought of powering down is not something that comes naturally in my way of thinking unless it is moving chains like we did nearly 2 years ago.

I know I won't think twice about running to safety by converting Hive Power through a power down into HBD and coming back out to play when the carnage is over. The 13 weeks for a power down now seems a bit of a bummer even though I am all for it for safety and security reasons. I suppose even if you can save 30% of what is inevitably going to happen it is at least 30% more than one would have before.

Timing is everything in crypto as that 30% converted smartly would actually bring you out further ahead if Hive had to lose 70 or 80% of it's value when the bears hit. The idea of not really losing too much monetary value and gaining Hive sounds like a decent compromise to make.

I calculated tonight just in a simple exercise on my current value selling 30% of the Hive I have at say $5 that would equate to $95 000. Hive then loses 80% during the bear market and we end up on $1 I could buy back 50% more than what I originally had which is a win win. This in value terms would result in a 60% loss overall which is still terrible, but better than an 80% hit.

This is not quite so as the $95 000 in HBD would still be generating a return each month and would grow your value back at nearly $1000 per month. Along with staying busy and staking that value lost would start to decrease fairly rapidly.

These are just some ramblings I am mulling over as what is best when the time comes to look for safety. Having a foot in both camps with HP and HBD may not be the smartest right now as Hive should only go up from here, but HBD is still a safe haven that earns no matter what.

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12 comments
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Not only is HBD great for interest BUT it is easy to time when to BUY if it is below $1 it is a good time to buy.

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With the new interest at 12%... There is more reason to hold HBD.

The new P2Earn game Ragnarok is going to involve a whole lot of HBD for in play which is good for hive.

If a lot of people convert hive to HBD, it will help the price action of hive and help make the Stabish coin more Stable

Knowing you have something that is valued at $1 no matter what happens in the market place is very important.

YES! this gladdens the heart...

!PIZZA

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Lately the value HBD brings is enormously overlook by many.
Indeed the message is clear and 12% is really approachable for everyone thinking about staking some for any bear.
I hope the bear stays away.
I think 13 weeks is still around all for security purposes.

!BEER

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I've been wondering if I should go into HBD over the last week but I never pulled the trigger. I always pick the wrong move but I'm pretty happy that hive is still over $1 right now

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Inflation is allegedly just "4.7%" in Canada right now, 12% gives me hope we might tread water. As BTC consolidates HBD savings is great but when BTC rises don't forget to buy back in. Getting 12% on an asset falling 99% is like drowning. Power up Hive if you think you'll still be blogging here in another another 5 years!

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I have just been putting all of my HBD rewards into savings lately. That seems to be the smartest move for me. That way I can get the interest and I am not hurting my stake at all. My goal is to get to the point where I am making 1 HBD per day in interest. Then I will continue to grow from there.

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HBD does seem like a good place to keep some savings and get a solid 12% interest at relatively low risk. Just need to see how convenient cashing hbd back to fiat is in reality.

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HBD is what can make HIVE price double if used right !
I hope we will see similar success than Luna in designing a stablecoin users want

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That's good,if Hive continue to go down,is better you convert it back to HBD,so that you will not lose much.

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