At the time I post this comment, there are the prices for some cryptos:
BTC -- USD 42,131.000
ETH -- USD 3,142.630
HIVE -- USD 1.370
HBD -- USD 0.991
CUB -- USD 0.289
(Prices came from CoinGecko via hive.ausbit.dev)
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RE: Daily Crypto Markets Live Blog: Hive Takes A Hit (01/09/21)
The future potential of HBD is yet to be fully explored.
Happy sunday to you 😊😊
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We need to keep building out the use cases and the focus upon HBD.
There is so much potential with that as a stablecoin. It just needs a bit more work.
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It sure need more time and effort toward making it better if not the best stable coin out there.
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Yes it needs to grow a great deal.
Attention is the first course of action. It seems we are achieving that. More people, I believe, are putting some HBD into savings which will help to produce more. As it compounds, we could see the numbers get to a minimal range for usage.
At the same time, hopefully some use cases are being developed. This will help it to grow even faster.
HBD is a very powerful mechanism on Hive.
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It's surprising how complex something as maintaining a peg can be. It's not simply a matter of simplifying it. The peg has to work.
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It requires more: more tokens and more arbitrage.
That is where the focus needs to be.
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An ongoing update with cryptocurrency prices. Not a bad idea.
As I write this:
BTC -- USD 41,702.000
ETH -- USD 3,114.330
HIVE -- USD 1.330
HBD -- USD 0.986
CUB -- USD 0.288
It seems down from when you posted.
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HBD is its own thing, so I won't say anything about buying it ot not buying it. I don't know what's happening with CUB, but the sale continues.
As for ETH, it may be a good time to buy, although I;m seriously considering bringing the ETH I have into Hive Engine to sell it for HIVE + Layer 2 tokens; over time I'll recover what I've lost in gas fees that way.
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The advantage on Hive is that we can enhance our returns through activity. That is what makes so many of the tokens along with Hive appealing.
We can 8% or so simply through curation. That is a great way to offset losses regardless of where they come from.
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On top of that, Hive doesn't make you go crazy trying to time your transactions to take advantage of low traffic and/or low token price.
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Without a doubt. We do not have to worry about the transaction fees.
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