Saving HBD or Converting To Hive To Make Profit When Hive Bounce Back

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Hive is declining along with the rest of the crypto market, reaching $0.6789, its lowest level this year. It is now around $0.72. With interesting developments and use cases, we all know Hive has the ability to go higher than its previous all-time high. Anyone with some spare cash can purchase Hive at this current price and profit in the future.

Authors are currently receiving their Post Payout in HP and HBD, which means we are receiving both Hives and HBD. People now do a variety of things with their HBD, like converting it to other coins on another blockchain, and even providing liquidity. That is actually beneficial because you are expanding your investment.

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Now, if we only have two options for users who have done with their excess investment, is it to save the HBD and earn 20% interest? or convert it to Hive and profit after Hive recovers? Then which is more advantageous. Both approaches have their own benefits, and to be honest, I don't see any flaws in either. When you convert HBD to Hive, the Hive can be powered up to get more power for curation, or you can profit 100% if Hive rises beyond $1.5 from its present level. Keeping HBD in savings earns you 20% return without the risk of crypto prices fluctuating. As I already stated, doing either of these has no negative consequences.

What Am I Doing With My HBD

When my HBD pays out, I convert half of it to Hive using DCA (i.e. when it falls below 0.9), then convert again if it falls more, and so on. In addition, I am saving the other half of the HBD so that I do not have to worry about the market and with the 20% APY, I earn passive income, I can easily withdraw and sell anytime I need money, regardless of whether the market is up or down.

The truth is, you are free to do whatever you want with your HBD depending on your objectives, such as save and earn 20% APY, or convert to Hive and earn more profit if the price bounces again, which is 100% guaranteed.

You may also do what I'm doing and save half and convert the other half to Hive.

Posted Using LeoFinance Beta

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17 comments
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i actually saved all my hbd since last month, i don't touch them at all, i have a goal of saving 10 000 hbd now!, you are doing great too converting hbd to hive when hive is low and vice versa..happy sunday dear

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10,000 HBD is really a great thing, with the 20% APY, I think you've made a great decision.

Thank you for visiting my blog, and happy Sunday to you too 🥰

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If hive is below 1$ i buy hive with hbd... instead if it is above the dollar i put hbd in saving :)

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This is a very thought-provoking post. I have been splitting between HBD savings and HP.
!CTP
I found this post through ListNerds. You can get a lot more exposure by advertising your post on ListNerds.

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That's a nice strategy mistural. :)
i am saving in HBD atm but if hive falls further, may consider buying :)

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I think this is the best time to buy, the HBD to Hive conversation rate is around 0.7 this morning, I'm pretty sure if Hive hit $1 that's 30% of your investment I think..

Saving isn't bad either since you earn 20% APY :-)

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Right now, I think I need to go back to my old days of regular power ups.. this is the right time to build as Hive value is low.

I can bet my life that Hive would come up back so we have an opportunity to seize

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I am saving. The 20% interest has my attention. Thanks for sharing on ListNerds.

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