Still Converting your HBD to Hive
Hive is been constantly staying below $0.50 for quite some time now it's been more than 3 months. Only once it has gone up to $0.60 but again back to $0.45. But whatever the price, I believe in Hive and the price is just temporary I will continue to buy the Hive because we do not know when the market reverses and we will see the Hive price going upwards.
PC: Coinmarketcap.com
I have converted and continue the conversion of my liquid HBD to Hive. But the question is should we continue converting it or keep your HBD in savings and get 20% APR. 20% APR on HBD savings is permanent whereas Hive getting back to $1 is not likely to happen soon, looking at the market conditions.
Now I am not converting all my HBD to Hive and only part of it is getting converted. And the rest I will be moving to the HBD savings to get that 20% APR. Both the Hive and HBD goals of this year should be met even if I just save it as it is without converting one to another. But the good thing about converting HBD to Hive is that the amount of Hive we are getting is more and hopefully Hive should not go down and we will all be in profit whoever is buying Hive now.
But in the market no one knows what is the future, good news can make or bad news can break the market. And thus I am keeping some of the coins as liquid too so that whenever news comes I will have some money to take advantage of that.
What you are doing, Still Converting your HBD to Hive?
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I think your choice is a good idea...keeping some part in savings and converting the others for Hive. With the current price now, you get double of what you are changing as HBD for Hive...which is smart... I might have to try this...
That sounds a great plan. I'm still converting most of mine into HIVE for more HP. The HBD Savings is good too although I've taken mine out for another purpose.
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🙋🏼♂️ Personally I convert every single HBD to Hive since I expect a much higher longterm APR with Hive than the 20% you get for you HBD.
Regards Thomas
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Buying Hive with HBD is really attractive knowing Hive could jump up in value and you can revert to more HBD via Hive.
Hive resistance is strong around 40 cents average.
It could be supply and demand find a common ground keep the price at bay.
The market can take any direction.
It is a good strategy to have both even holding some liquid Hive.
Personally I am all in for HP right now knowing how hard the decision to have can be later one.
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BEER.I've been converting all of my HBD to HIVE, but I've been building up liquid HIVE, as I want to buy back into HBD at some point. I'd like to think the point I buy back in will be $1+, but it depends how long it takes. However, accumulating HIVE at this low price is where I'm at - its an opportunity not to be missed.
!hivebits
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That 20% APR does sound nice but that low price of Hive right now with the potential of 100% gains being pretty easy is what's fueling me to stack hive over HBD at the moment. That Hive powered up will also earn me more hive and HBD in the future when the price rebounds.
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In my other account, I usually convert my HBD to HIVE. Now that I have an extra HIVE for PUD, LPUD, and my HE activity, I stopped.
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I'm keeping my HBD at the moment, not because I don't think the price of Hive will go up, but because of the principle of spreading your bags, reducing risk. These volatile times demand smart decisions, and not having a huge bag of Hive (or any other token) in comparison of your whole portfolio, sounds like a good choice to me.
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I was not but if HBD dips below 0.9$ for some time, I just might convert them to $HIVE to get the 0.1$ difference (hopefully and depending on market conditions).
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Good question! Since I have not that much Hive I'm converting most of the HBD to increase my HP. I want to reach 1k this year. I still have some HBD in savings. 20% is too sweet to ignore.
!CTP
Came from ListNerds and voted there!
I keep my HBD at the moment, it is a great stable coin providing some good income in rocky times.
I'm saving my HBD, then transferring it to my savings to take advantage of the 20% interest.
Thanks for sharing your views.
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No, I am not. I am putting any HBD I earn into HBD savings. And powering up any Hive I earn. I don't have any other savings besides my HBD so I have to start putting more into that.
!CTP
!ALIVE
I have an HBD savings account, and while I still put an HBD or two in there every once in a while, the truth is that I have been spending my HBD.
I've been buying Hive Engine Tokens, Mostly SPI, my fav.