Now That $Hive Has Rocketed, What are the strategies for their $HBD earnings?
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We are all well used to Hive being below the dollar which obviously makes it lower than $HBD. We would normally earn $HBD and then convert to $Hive and we would go about our business whether is to power up or to transfer to Hive Engine or whatever you wanted to really. Same goes for when the rewards were in $Hive and not $HBD. The rise of $Hive to over $2 is not giving me the motivation to transfer my $HBD post earnings into $Hive. So what is the best way to deal with this turn around from a $Hive tokenomics perspective?
Is it better to just hold the $HBD in my wallet from post earnings. Should I transfer it into savings and earn 10% A.P.R while $Hive flies high. I'm actually a bit confused around what the best course of action is. Some will say that it doesn't matter if you transfer to $Hive or not, it's all the same as there are no transaction fees but I am interested to know some of strategies that other users use to maximise this spike in $Hive. We know that $Hive will probably retract after the Splinterland's chaos legion launch on the 8th December and 3Speak airdrop and a couple of more projects along the way.
At the moment I am drip feeding my post earnings into powering up , Splinterland's monsters to get back to a competitive level, SEED, Cubfinance, S.B.I and S.P.S . Bloody hell so much is going on. But I am keen to get some users recommendations on how to go about business in this strange new world of $Hive finally coming out of the closet. What do you guys thing. Not convert or convert to $Hive. I know some projects you will have to convert to $Hive so it is inevitable that I will have to convert some but I really want to know the advantages and disadvantages of converting behind the two.
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With the dawn of liquidity pools Holding is now becoming the norm over risky trading. I have read some posts on @leofinance with traders switching between pools and making unbelievable yields with minimum risks and I was amazed at how far Swaps and liquidity pools and the whole decentralized exchanges have evolved. And here's me thinking trading was still popular. This LP seems to have taken over. Whether it is a Hive thing or not I'm not sure but there seems to be much more of a fluency around Liquidity pools and pancake swaps in the Hive / Leo chain than on other blockchains. You guys are experts at it. It is genius what some traders are doing and the yields are hard to turn down. I've only small money invested but by the end of the year I want to start increasing my portfolio from futures trading into Farming and liquidity pools. I am just amazed by the whole thing. Anyway back to $HBD. If there are any Hive financial whizz kids out there let me know. I've a funny feeling @tarazkp , @erikah or @cryptoandcoffee may have the answer for me.
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Lol, of course I have the answer, but I'll let the two gentlemen go first 😂 What a polite lady I am, right?
Good question though!
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Don't they say ladies first? 😀
Ssshh 🤫
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I'm keeping it simple with hbd. Putting it into savings as a hedge against a price drop. My liquid hive is going into pools and sold for other projects and my earned HP keeps growing every week for posting and voting.
Keep the pot growing and sell or invest the liquid for more gains. I love cub since I can leave it alone for the week and not even look. It keeps growing daily and every so often there is liquid rewards to move into other tokens.
Good strategy right there.
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Thanks @bhattg .
HBD may be a short term hedge against the price of hive dropping from its ATH over the last few days, the flip side is hive could continue to go up.
10% interest is much better than a bank account however there is a risk that HBD will drop in value relative to dollar or euro so the 10% isn't risk free, but it has been holding up pretty well lately.
Cheers @eroche. The short term hedge seems to be the way to go on this.
If you can monitor the price of hive, then I say buy the dips and sell the pumps. Rinse and repeat till you double your holdings
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I'm done with trading I think. Sold too many pumps that ended up being the new support
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On the ball @blanchy
I had the exact same question and was pondering on what to do. I think I'll go with the savings account at 10% for now - it's great that this option is there for us.
Yeah seems like the best option alright although I like to have a few normal hive as pocket money. Most of the dapps / games only take hive which is a pain though
Ya, I know what you mean, always handy to have some Hive too, I guess you could have a dual approach and convert some HBD to Hive, but it's hard to click ok, when you are getting 0.5 Hive for 1 HBD, when we have been so used to getting more like 1.2 Hive in the past..
Haha so true. Fucking hate pressing that button . My head is all over the place with it. Nearly hoping everything just goes back to normal and we are still all poor . Ha .
I was just wondering the same thing, although I haven't done any conversions before, with the gap between both prices I started to wonder what the best moment was for these conversions (I was in doubht if it would be now or the other way around with lower Hive price).
At least I have that clear, this is not the moment. I will try to keep an eye on the price and until then I will keep my HBD liquid, minus 25% as these are put into savings. I want the rest of my hbd to be available for buyins in other projects when I see fit. But to not lose a lot of money while waiting for it, I rather not swap it yet until needed. Or maybe there will be some pump soon, then it's a better moment :)
Thanks for raising the question!
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Yeah I thought it was a stupid question but the feedback suggest there was alot more than me thinking the same thing.
To be honest, I felt a bit dumb as well, I read some posts about it several times, and never could really grab my head around it. I feel it was a bit too complicated and didn't want to try and lose value. LOL
I also didn't understand why pending rewards sometimes jump up and fall, until I read @tarazkp's post last week. I now understand it. It just takes one person to explain something in layman's terms :)
Yeah thats the thing around @hive . Constantly learning little bits from everyone @thisismylife . I'm gonna learn from you and vice versa.
And that's awesome! I love how I have been inspired more and learned more on this platform than the average person I meet in real life lol..