Yes, the price of bitcoin is dragging everything downβ¦
I donβt know where the bottom is hopefully, we are close!ππ
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Yes, the price of bitcoin is dragging everything downβ¦
I donβt know where the bottom is hopefully, we are close!ππ
That, and the whale selloffs of HIVE on exchanges. HIVE inflation and the Hive debt are both at their all-time highs, while the fiat price of HIVE is at an all-time low, which is not a good combo at all. The Hive debt is presently sitting at 13%, but it's rising quickly. If it exceeds 30%, then the haircut rule would go into affect, which would dramatically affect the value of HBD, and all sorts of other things, like post and curation rewards, and interest for HBD in Savings. I'm very strongly considering withdrawing my HBD and swapping it for HIVE to power up. πππβ¨π€
Very shaky times in the market, let me know if you hear anything new my friend!π
That's for sure, Mike, and you got it, I'll share anything new that I learn! You can keep track of the Hive debt at hbdstats.com. πππβ¨π€
Hopefully we will see a bounce this week my friend!!!ππ
That's sure what I'm hoping! The Hive Debt was at 13% yesterday, and then jumped to 17.80% today, then incredibly thankfully, it slowly started to go down a little today! It's still in dangerous territory, but that it's going down at all is excellent! πππβ¨π€
Very good to hear my friend, hopefully it will stabilize!ππ
That's exactly what it looks like is happening, as it's continued to slowly fall today as well! That's a very good thing! πππβ¨π€