The Bitcoin halving is less than 12 hours away, and for some reason, many people do not seem excited about it. Why? Of course, the market is currently in turmoil, and the dip, which many saw as a minor correction, has turned out to be a mini bear, just as the market is gaining momentum.
This isn't a BTC post,
However, I wanted to paint the emotional outlook of the crypto population before a historic event like the halving. I
Months ago, it was predicted that BTC would rise before and after the halving, but this appears absurd given that May and September are always bad months for crypto performance, bull or bear.
Many people are paying attention to the narratives and allowing them to dictate what they will do, but whatever the halving does, I believe everyone should prepare for the uncertainties that come with May rather than focusing on what happens after the halving.
Another Look At The Stability Of HBD
I would like to discuss HBD. There is this guy on X (Twitter) who is been farming monetization by discussing the depeg of HBD. Apparently Dalz and Co explained the mechanism to him, but he was determined to continue mocking HBD, even though he later admitted to using the engagement to farm monetization, as I went to his page and discovered that he only receives impressions on posts in which he disparages HBD.
Clearly using the Hive community to shine and make money without even looking at the product or studying the mechanism, typical Twitter farmer.
Our Own
I have always thought that HBD is not a traditional stablecoin. The mechanism that gives it its stability also works for Hive, and while I believe it has the potential to achieve 99% stability regardless of BTC's price movement and Hive dips, it is still our own native coin with one of the most sophisticated mechanisms available.
With that said, I would like to discuss HBD and the 20% APR, as well as why it is been both a blessing and a profit during the bear market. In a bull market, HBD is nearly useless because the potential rise of Hive in an alt season dwarfs the 20% and stability that HBD typically provides, which is why now is the ideal time to convert your HBD to Hive. After about 4 to 5 months, you might still be lucky, but you might have missed out on the gains you should have made.
Taking The Bold Step
I read a post about an orca who converted their HBD to Hive and received approximately 40k Hive, which she powered up. Allow me to explain the potential benefits and risks of this.
For starters, it is risky because their timing could be completely off. If BTC continues to fall in the months of May, there is a chance that they converted their HBD too soon, when they could have waited and gotten more, that is, waited for the dip that may come.
On the other hand, this is all just speculation.
We may have seen the bottom at 63K, and from here, BTC could break the previous 74k ATH. However, if it turns out that we have seen the bottom, the timing of this orca could be perfect, and they will profit by more than 90%. Whatever happens, the potential curation reward and inflation from that 40k staked Hive power may just make up for their poor timing, demonstrating that even when you lose, you can still win.
Something Big
I believe we are on the verge of something huge; unless you are holding HBD for short-term goals, it is currently pointless to do so, as Hive power should provide you with more. However, HBD is present for a reason. This is not true for whales with tens of thousands of HBDs. The reason for this is that they could be holding the coin solely for business purposes, such as a safe or a form of banking.
These reasons are completely understandable, but if you are in the game of flipping and testing what yields the most profit, I believe it is time to make that move and then resume when the bull market ends. It is not financial advice; instead, look into the history of HBD and Hive, and do your own research.
Interested in some more of my works
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Posted Using InLeo Alpha
Figuring out when to convert HBDs to HIVEs is never easy, but I started a conversion and took some HBDs out of savings and converted them to HIVE
@tipu curate
Upvoted 👌 (Mana: 18/48) Liquid rewards.
It's harder, but if it were for me, I'll generally wait till the end of May, by then, the storms might be finally over. Thanks for the curation
Not much of a storm yet.
One year chart it’s hardly a blip yet!
I think there may be a pullback after the halving, historically it usually happens and will be a great time to buy and covert the HBD to Hive. It's going to be interesting, that's for sure!
How are things going?
Yeah, so it's technically a better idea to actually wait till May before converting that HBD, I thought so too. Timing can make huge impacts when it comes to crypto
I'm here. I have numerous tests to run, bills to pay and well.... medications to worry about side effects. How about you?
I think it depends, but I prefer to increase both my Hive and HBD over time. I think its better to plan for both sides. While I do think that things will go up, we don't know how long it will take or how much Hive would pump. So the stability that HBD has is nice.
Yes, the stability is nice I can attest to that, I've played on both sides when hive was up and I was tremendous for me.
I saw the SPI team on Hive have also converted a BTC to Hive at around 200k Hive to a BTC. Hopefully the new alt season will kick off after the halving.
That's amazing, if I had BTC or eth, it's the right time to be converting to Hive, alt season is definitely going to be a hit..
I have bought DEC before this latest dump and it looks like a nice hedge against the move down too.
I didn't get the chance to buy, didn't have as much.
Few weeks ago it seems a whole lot of people in the crypto space are really anxious of what the future holds after the bitcoin halving but right now it actually seems the anxiety is dieing
We shall see
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I’m not happy about this bear market too. The dip is crazy. We are supposed to have a pump towards the halving but I’m surprised seeing what is going on
Let’s see how it goes
Just like the market that has gone down people are worried and therefore very scared but there is no worry at all the market has given us an opportunity to buy again it will go up again.