Is it a good time to buy #HBD? - My Strategy Ahead...
He All,
I am still HOLDING 12K #HIVE in my wallet and wondering whether I should start buying #HBD or still wait for HIVE to cross the $0.50+ mark. My main GOAL for holding HIVE is to get a better rate and then convert all of it for HBD [Hive Backed Dollar] and park it in HBD Savings to get that sweet 20% APR - In general my plan is to have around 20K+ HBD in savings account that's the overall plan for HBD. Its almost been a month that I have been watching the prcie of #HIVE but there hasn't been so much of a movement that I could take some action here for my conversion to HBD initiated.
HIVE today is trading around $0.37+ cents and its current marketcap is sitting around $139+ Million, with a 24 hours trading volume around $1+ Million and has a circulating supply of just mere 371+ Million tokens. We have also seen HIVE all time high which was around in the month of November 26, 2021 (about 2 years ago) where it traded around $3+ - what if #HIVE comes back to these levels or at least cross the $1+ mark - will make all of us here happy here to see HIVE again trading at higher level. Who wouldn't want their favorite coin to trade at all time high levels? Anyway moving forwards here is my curerent stake in HBD where I have around $3.7K HBD in savings account and on a daily basis all my author rewards is added to this pool without fail.
The Plan ahead here that I am going to stick to my original plan where I wouldn't be selling this 12K+ liquid #HIVE no matter what. And all of it for sure will be redirected to HBD - but the big questions is WHEN? For now I am not sure about it and to be honest I am eager waiting for HIVE pump here for me to start taking actions accordingly. I am in a similar situation where in case of #RUNE - I said it to my self that I am not going to sell until it reaches $5+ and when it did reach at that level I knew what I need to do as I had already thought about it to convert the #RUNE to HIVE for HBD and the same currently is true for HOLDING True for #HIVE here now waiting for that pump and get that all HBD moved to the HBD savings account and achieve my HBD savings account target to atleast 10K+ to start with and slowly gradually move it upwards to 20k+ lets hope for the best and see how things unfolds in near future..until then HIVE to the moon soon... cheers
Have Your Say on #HIVE & #HBD - HODL Vs SELL? Liquid #HIVE... How much?
Selling Vs HOLD #HIVE? Are you building your stake here on the HIVE platform? What are your thoughts in general for HBD in savings? Are you stacking up HBD or converting HBD to HIVE? What's your overall strategy for HBD looking like? What are your general thought around the platform #HIVE? Please let me know in the comment section below...
#hive #liquid #hodl #liquidhive #hivepower #hbd #defi #apr
HODL - Liquid #HIVE - Should I HODL Liquid HIVE & How much is sufficient?
Image Courtesy:: pro canva, coingecko, peakd
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain & Cryptos and have been investing in many emerging projects..cheers
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You are getting to your hbd target pretty fast...good to see that.....keeping liquid in hand is good considering the price may rise anytime....and it may be good to have some.liquid in hand to encash
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HBD price is down a bit now and it is going up and down a bit so this opportunity can be exploited thank you.
Alt season just beginning so wait to convert to HBD imo
Pure game of patience.
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WaitAllowing ng on the market to make a turnaround is good so you can stack more HBD for its apr. It’ll be a great deal if you wait for a one dollar Hive before you convert to hbd. Probably sometimes next year, it’s only a matter of time.
For me, it's more TAKING PROFITS than buying HBD... It is a stablecoin in a nutshell and IMO, we are still too early for taking profits... Not just from HIVE, but from other cryptos out there... But, we will see what happens... I have a similar view to you about storing my funds in HBD when certain tokens reach X price...
The two biggest worries I have are