At this point, holding hbd, ie shorting hive, is not a great idea, imo.
Better to be in hp and not worry about the hbd interest rate until the price is high enough to short with confidence, again.
I am using HBD savings as a hedge against Turkish Lira devaluation.
I'm gonna be real surprised that the price is allowed to bottom again absent a banking collapse.
It is very over-valued, only thing that is keeping it in line is central bank intervention and carry trade. Central bank allows around 1.5% depreciation each month.
Tell me about it, our prices are going up, too.
But, I was referring to the hive price.
Somebody is supporting it, has been supporting it, and the only question is how long and at what price they will persist in supporting it.
IF magi takes off this may be the all time low.
Yeah, I agree with that assessment. And I also do buy hive and power up. HBD is as I said is just a hedge against the Turkish Lira depreciation. I also have some in Vanguard Growth Index Fund.
Basically, many eggs in many baskets.
Any baskets with 3rd party risk are one big event away from going to zero.
Any baskets with 3rd party risk are one big event away from going to zero.
Yes, and that is why Hive and HBD makes a small share.
I meant the corporate solution, I wouldn't trust them for a minute, they made things this way.