Use HBD As A Currency For Expenses, Savings and Investment

To live your life and achieve your financial goals, you need to spend money, save money and invest that in order to grow over time. And you can use HBD as a currency to do everything from expenses to savings and investment.

When you first get to know that you can make money on Hive by creating content, how do you feel? You think it is too good to be true, don't you? If you work for a client as a freelance writer, he will pay you for your content. Here on Hive blockchain, you are not writing for your clients. The system takes care of everything.

HBD is an algorithmic Stblecoin that can be used for expenses, savings, and investment. When you first earn HIVE and HBD, you want to see it for yourself whether it is real or not. You can sell HBD and convert that into fiat currency. Then you believe that it is for real. You don't need anyone to tell you what Hive can do to make a change in your life.

The crypto market is not the same always. In a bull market, the crypto price goes up. The market can move in sideways. And the market can be in a downtrend. When it is a bear market, the crypto price falls. So what you have in your portfolio, that's value in dollar is going down. Now if you sell some cryptos and convert them into fiat currency, you will get less.

Maybe sometimes you have to sell the cryptos that you hold in order to support the cost of living. Unexpected things happen and you need to do things that you will not do in a normal situation.

Here on Hive blockchain, you earn HIVE and HBD from your articles, videos, NFTs, and playing games. If you sell HIVE when the price is low, you get way less. You don't feel like doing that. HBD gives you the solution that you are looking for. Since HBD is a Stablecoin, you will get $1 worth of HIVE. You can convert HBD into fiat currency. Since you are selling HBD, you are not losing anything when the price is low.

When you are in crypto, you want to have a liquid fund so that you can use it instantly. You can simply put it in HBD savings. It takes only three days to get your fund and you can use that to do anything you like.

If you have HBD and you do not need that, you can keep in HBD savings and get a 20% APR. Instead of keeping money in your bank, you can buy HBD with fiat currency and earn interest from HBD Savings.

You can do a lo lot of things with HBD and the possibility is endless. For example, in a bear market, you plan to invest in cryptos. Again, you can buy HBD and put in HBD savings. You get interest, and when you are about to invest, you can simply get HBD from savings and use it to buy cryptos.

When it is a bull run, HIVE price is high, you can buy HBD with HIVE. Now you wait for the market to crash and you can get more HIVE with HBD. To apply this strategy, you do not have to go to an exchange. You can do it on Hive blockchain using the internal market and grow your assets. Anyone can grab this opportunity to use HBD for expenses, savings, and investment.

This is not financial advice. I'm sharing my thought about what you can do with HBD on Hive blockcahin. I will not be liable for your financial decisions.

So what do you think about HBD as a currency for expenses, savings, and investment? Please feel free to leave your comments. Thank you for reading this post. That's it for now. I'll be back with another post.

Image Sources: 1, 2, and 3.

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About Me

Hi, I am Rezoanul Vibes. I'm a content creator and passionate learner. I write about lifestyle, finance, martial arts, and digital marketing. I'm glad to meet amazing people all over the world.

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