HIVE: AN ASCENDING STORE OF VALUE
For the past 7 days the price of Hive has been roaming around the same value. Even if you look at it on satoshi, it is around 3k. I think if there is no news, it got to be good news for Hive.
As I always mention we do not dwell much on Hive price daily cause most of Hivers are holders.
It does not stop to give a look and think about it for the long term value.
Looking at the picture on top this is everyday for the past 7 days. Maybe I look at the time for it to be at that price. If there is a blessing we can all give this blockchain is the lack of volatility. Volatility brings a level of stress and it makes things work. Hive itself put us to work and it does its thing underground. More than that holding Hive itself is a blessing by generating 2.86% via Hive power. You are better off today than yesterday.
Even the average daily volume has surpassed $20 million daily. It is a healthy commutation that proved the token is serving its use case in the exchanges. Alone in Hive-engine and peer to peer Hive is trading in the millions. When you connect all the dots, Hive has one way to go up. You may not be able to see it closely but it is happening since we build enough resistance beneath $1.30 for a while.
The other day I was looking at #HBD trading close to a dollar mark. It has been getting a lot closer than before. This week alone a lot of noise for anyone to hold and take care of this 12% floating around. This is not bad knowing how hard you can get that out there with risk. Hive blockchain has been taking care of business for the past year and half.
We need Hive to create HBD so we need muscles to get to that 1 billion HBD in the market. This is how you know it will be the biggest achievement in the blockchain. Let's just say we get to $100 million HBD, it will be something that will propel the value of the whole blockchain. Hive has to mature in dollar value as well to back this amount in HBD.
The only way to get there, it has to be us making a consortium about the value it will bring to everyone pushing it. I know it will get there and personally I am holding HBD for now on.
It may not turn to be a great investment but there is a start. I want to see the value of that 12%.
I can feel it.
Will you take part of it in 2022?
It will be a wise thing to do.
I am hoping for Hive-engine to start incorporate it and soon SPKnetwork will find way to generate more.
Be ready to be part of this next behavior of the diamond hands.
Keep vesting in you.
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HBD is something we need to focus upon. It will be great if we can get the peg to work. Right now it is too volatile to be a stablecoin. However, if we can grow the amount out there, with arbitrage, perhaps we can tighten it.
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It seems this is the next target for HBD.
With more use it will be pegged or even gain value that will put the eye on Hive to construct the value.
Time is what will compensate us for it.
I know your posts can bring more eyes and expertise on HBD and the motion, use case for it.
!BEER
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HBD needs to remain a dollar while Hive can go as high as $5.
That way we can burn Hive and in return we get more HBD. Even though Hive goes down to one dollar we can print more Hive back.
This is just a supposition.
Hive at $5 will have enough support to remain as such
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HBD'S 12% interest isn't all that shiny, but it feels steady and since it's our very own, we choose to actually trust it. It's fun, the excitement is there for me. As for hive, well, it's witnessing the kind of solidity that many never even felt would be possible.
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At least HBD is one of us and we own it just like we own Hive.
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I think HBD is a lot better now compared to the past. Even if HBD isn't exactly a dollar, it will go back to $1 within a few days or at least come close. The 12% is very attractive because it's fairly stable for anyone who consider things in fiat terms.
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