As you mentioned, what makes HBD attractive is the high APR. If it is reduced to 6%, I am curious if HBD holders will start converting their HBD to HIVE.
You are viewing a single comment's thread from:
As you mentioned, what makes HBD attractive is the high APR. If it is reduced to 6%, I am curious if HBD holders will start converting their HBD to HIVE.
Exactly… the big question is whether people will rotate back into HIVE or simply exit. The APR cut will definitely change user behavior, especially for those building long-term HBD positions.
If I was holding a significant chunk in HBD right now and my rate was cut from 15% to 6% I would simply exit and not rotate into Hive.
I have to agree with you because i don't see Hive bouncing back anytime soon. The HP curation reward may not be enough for you to break even 😢
If that will be the case, those who have influence must consider the consequences cautiously before making such a change.
Many will, some will also just move into bitcoin or other off chain assets. If won’t all go into Hive. Some will but a lot won’t as some accounts have parked way more in HBD then they would otherwise keep on chain in Hive especially current conditions. I think most people on here think it’s risk free, it’s not. Doesn’t mean a failure soon is certain but it’s so far from risk free!
!PIZZA !LADY
If HBD holders exit, that will add selling pressure on HIVE.