Converting HBD savings to Hive at the current price of Hive
There are always discussions about whether investing in Hive is good or HBD is good. Earlier a month back the APR of HBD was 20% and now the APR of HBD is 15% but even some say that it is good compared to investing on Hive. Each one has its points. From my perspective, I would say that having a combination of both is good but when the price of Hive is low it is wise to buy Hive by converting HBD to Hive, and when the cost of Hive is excellent and above a dollar, it is wise to convert Hive back to HBD and keep them.
I would say that now is a good opportunity to purchase Hive and I have been saying this for a very long time. The reason why I'm confident with this thought is because I have seen the price of Hive go down two times in the past and recover. I'm hoping this time again it will recover back.
HBD savings APR is around 15 percent
As mentioned in the previous paragraph, only recently the APR was changed to 15 percent from 20%. This percentage is decided by the top 20 witnesses of Hive. The other witnesses can also set the APR percentage value but the median price of what is set by the top 20 witnesses is taken by the chain. There was a lot of discussion on why the percentage should be 20 and how that was a good selling point for Hive.
Some people thought that 3 days for such a high APR was not a good thing and some thought that the locking period for Hive should also be reduced and people should be able to get their Hive liquidated faster than 13 weeks.
Hive gives a hope
Having the funds as Hive instead of HBD gives us hope that if the price of Hive goes up, our invested value will also go up. We cannot expect the price of Hive to go further down because it may not be a reasonable value. Considering this fact, there is a high chance that Hive can go up and if we convert HBD to Hive at the current price, it is more like investing. We can reap the profits when the price of Hive improves and when it is time to book our profits.
Advantages of Hive Power
Having our investment as Hive Power also gives us other advantages on the chain. We can participate in the governance decisions. We can vote for our favorite witnesses and at the same time, we can also participate in the regular curation distributing rewards from the reward pools to the deserving authors. For doing this, we will also be getting our curation reward share.
No one who has invested in Hive needs to have to write blogs to earn rewards on this platform. There is an opportunity available for people to curate the content of other authors and earn a curation reward from the posts. The reward value differs based on the vote value of the individual. By investing more in Hive and getting more Hive power, the curation rewards can be improved.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
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In my case, every time I invest in the platform, 50% goes to HP and the other 50% goes to HBD. Hive is long-term and if I ever need the cash, I have HBD to use.
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I really can’t wait for myself to start making the governance decisions
It will be so cool
You can do it even now with whatever HP you have.
Purchasing Hive will be very good now since the price is relatively low
It’s a big opportunity
I really hope they manage to change the waiting time for withdrawing your Hive in Stacking, 13 weeks seems too long for something that involves investment. We can base ourselves on shares and crypto-assets that at most don't tend to exceed 7 days stuck / stacking.
I purchase a lot of LEO too these days, LEO at three cents is just ridiculous and such a bargain… 🤷🏼♂️
HBD interest rates are down, Hive is cheap so it's time to buy, HP has a lot of advantages
What if... you sell all your HBD to buy HIVE (cheap right now). Then you stake your HIVE and lease your HP for about 8% APR until HIVEs price explode (best of both worlds). In the next bullrun you sell a bit a profit to buy back in HBD. Thank me later ;)
That's exactly what we should be doing.
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While HBD offers a stable return with its 15% APR, investing in Hive when its price is low could provide substantial gains if the price rebounds, as it has in the past.
By diversifying your strategy, converting HBD to Hive when the price is low and vice versa when the price is high you maximize your potential for growth while mitigating risks.
This approach leverages both the stability of HBD and the growth potential of Hive, making it a prudent strategy for navigating the fluctuating crypto market.
Hive has definite opportunity to achieve and use, while it can give many other things as bonus, if we plan with which the profit would be better at grasp.
The rest is on market to behave and act accordingly.
Hive actually has a whole lot of opportunities to make it to the very top and I am so sure of it certainly and this is just the beginning actually
Yes, that's what I have been doing since the day HIVE hit 0.20 cents.
!BBH
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I am definitely sure that hive will still do quite well and much more better than before
Thank you very much for the insight
I have always asked if HBD OR THE HIVE TOKENS Which IS BETTER