With a true HBD peg on Hive, making and catching profits would be magical.. sad news is HBD is not stable, it is sporadic like a crazy ex or something.
Yes, If HBD was somehow able to stay put like Tether or and other stable coin for that matter sure we see .5% on tether but it always comes back to $1 as where HBD it loses 7% and stays that way for days even weeks.
This was last week,..
do you see the massive Hive pamp? With HBD not being stable its a bit worrisome not to be able to just trade on the go within the hive blockchain. Sure you have outside Exchanges and we barley have any that holds Hive let alone walking on egg shells not to get your account blocked.
Take some of that liquid Hive you hopefully hold and sell and set it aside in HBD.. in a close to perfect stable coin world for hive that is..
This is the market today, mind you Bitcoin is up but most all alts are down.
The two images above are a bit sad. How does the pegged issue get fixed? by burning Hive?
there are a couple of posts on the matter by smooth
HBD stabilizer continuation and increased funding This explains a bit about the HDB pegged situation more in depth.
All I am saying is it would be pretty epic if hive truly had a Stable coin of its own, this might also allow for a higher floor for hive.. which I think we have found it, Hive could still go back to $.20 cents though.
Of course what I mentioned above can still be accomplished by trading Hive for other stable coins within that exchange.
BTW Eco wrote a very informative HBD-Hive conversion mechanics we have on hive. Might be better than stable coin jumping. See for your self.
How to PRINT MONEY with HIVE and HBD Maybe with this massive Hive bull run we have been having could benefit some, if you understand it.
So the reason for the Peg not being there is due to not being a lot of HBD around since HBD is not truly pegged it is some what bad and not seen as serious of course if it was and there where millions upon millions of HBD that would also rise up the price of Hive.. since it's more flow of stable coins making it a beautiful system.
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HBD is really volatile even with the new changes. We even reached the print cap earlier so I wonder if this needs to go up before we can even think of it being fully pegged.
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The lack of liquidity for HBD along with the fact that most of it is on one exchange means that we are still going to have a loose trading range.
Considering this was completely ignored until earlier this year means that we are doing well in the progress, yet more is required.
But you are right, getting the peg right would be a major lift for the entire ecosystem.
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agree can't we just make a pool for hbd on the hive?
Just use HBD pools on hive engine. No external, centralized exchange needed.
HBD tends to swing up +/- 10% which is obviously not ideal, but not unmanageable in all cases. Many projects have not yet realized the potential benefits of having an integral stablecoin and pooling against HBD in diesel pools.
I don't like how hbd is not stable if become stable it will make take easy on the hive
I am really trying to use HBD as much as I can especially with Hivelist by paying the store vendors in HBD, trying to support the home ‘stableish’ coin. But on this account and on hivelist, I have been doing the Hive to HBD conversions and trying to build a daily cycle of that is possible. So I stack up Hive from post rewards and trading HE tokens, and then add it to the returned Hive and do another conversion. It’s allowing me to stack a decent amount of HBD that way. So I am trying to do my part, lol.
I will try to do the same
View or trade
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BEERKING.we need the radio of hbd to hive raised significantly (50%?) and amms set up with other stable coins on polygon and bsc to solve this. of course we will have to pay liquidity providers so a dhf proposal would need to pass too.