[ENG] Clearing up my concerns about the Hive coin.

avatar
(Edited)

Hello, it is a pleasure to greet you, today I share with you a topic that will surely catch the attention of many and many questions that possibly some of those who read me will know how to master and explain better than me. Everyone's opinions are welcome, I'm here to learn.
My concern arises from the need to know what the Hive and Hive Backed Dollar coins are.
I want to know the subject since I am new to this network and there are still certain points that I find difficult to understand.

The first thing I did research to address the issue was the Hive coin. From what I understood, it is a cryptocurrency and it is the main currency of this platform or rather social network, which we get through rewards where a group of curators are in charge of ensuring and verifying the originality and quality of the content that we publish content creators on the net. The Hive is owned by the Hive community.


Secondly, I read about the Hive Backed Dollar (HBD) coin, this is a very supportive coin to preserve the stable Hive economy, its value is subject to the US $ 1.


Why do they go up and down in price?
This is my main concern since, as I said at the beginning of my posts, I do not know much about the subject but I do want to know to understand why when I change my rewards the value changes.

The Hive is a very new cryptocurrency, I looked for accurate information and I did not find a specific page that meets my expectations to have good information. I understood that they go down or go up due to supply and demand, that is, if demand goes down, the price goes down and if demand goes up, its value rises, the factors that influence a variant of its value are news, rumors, culture, among others.

It is all I have to share and I repeat I am attentive to any information or comment that helps me better understand the subject.


Drawings are from Canva.

For the translation use Grammarly.

Fountain: https://es.wikipedia.org/wiki/Hive_(criptomoneda)

Thanks for reading me.



0
0
0.000
1 comments
avatar

Congratulations @yilmagari! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You published more than 60 posts.
Your next target is to reach 70 posts.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Feedback from the June 1st Hive Power Up Day
Support the HiveBuzz project. Vote for our proposal!
0
0
0.000