Yes that point isnt exactly clear. Hopefully we start to look at ways to enhance the return on powering up HIVE.
That is something that I feel is needed to encourage people to HODL HIVE.
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The point is actually clear enough. In my case, I didn't see a direct way to put HIVE into Savings as HBD, so I need to find a way to buy HBD first before I can place it in Savings. I think I can do that via Hive.Blog or PeakD, but I'll need to take time to find out where I saw that feature first.
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wallet.hive.blog
Drop down arrow next to your liquid Hive --> Sell
Will take you to internal exchange. The liquidity isnt great but you should be able to trade in $100 blocks.
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Thanks for the address! I'll try it on Monday night after the 3.5-day waiting period expires.
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No problem. It is the only way I know how to get to the internal exchange. I am sure you can do it through Peakd, just I never did it.
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IIRC, the way to do it is to use BeeSwap to convert HIVE to swap.hive. Then there's a pool to convert swap.hive into swap.hbd. Then you withdraw the swap.hbd to HBD in Hive Engive. You pay the swap fees a couple times but it's quick and painless and all in house.
Now, I haven't done that for a while so if you try it, use a small amount first so if I'm misremembering, you're not stuck moving a bunch three or four times, but I'm pretty sure this is the way.
Otherwise, you just convert in Peakd and wait the 3.5 days.
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Yup. Just did it. It worked. Took a couple minutes to show up on the withdrawal back into Peakd/Hive-Engine but other than that...worked like a charm.
By the way, the withdrawal back into Hive-Engine takes place using TribalDex....
So, BeeSwap to convert Hive to swap.hive. BeeSwap to swap swap.hive to swap.HBD. Then TribalDex to withdraw swap.HBD into regular HBD on Hive-Engine/Peakd.
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There are many reasons to hold HIVE. First, there's the voting power for curation. Second, there's the governance power for voting on witnesses and proposals. Third, there are the resource credits needed to transact. And fourth, and probably most important, there is the profit potential on upwards price movement.
I mean, 20% on HBD is great and all, and I definitely think people should take advantage of it with some portion of their portfolios. But there is no comparison between making 20% owning HBD and making (hopefully) 1000% or more by holding Hive. If you think HIVE is going to break out and go to $2, $5, $10 or more like I do, then the vast majority of what you have should stay in HIVE. And since it's not likely to just scream to $10, your best bet is powering it up so you can make the extra curation dollars and the almost 3% interest on your HP holdings.
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