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RE: Some speculation on HBD price movements and how it impacts proposals

in #hive3 years ago

Does one only get interest on HBD on Hive? Are we seeing inflows from the relatively few external places it trades?

I don't think so, but I don't know. Absent that I'm pretty sure nobody is buying $2 HBD looking for 3% in a year while there is so much talk of how to drag it back to $1.

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You get interest on Hive Power as well. Not sure what is driving the market to be honest.

You may be right. sounds silly when you put it tthat way but I don't thinnk it's someone in the community buying up the price.

The exchanges earn the interest if the HBD is held on an exchange. In theory they can pay it to the users (or only do so if users put it into a staking pool or such) as they do for other coins, but no exchange currently pays interest to the users for HBD. The users would only earn interest if they withdraw from the exchange, which doesn't seem to happen a whole lot if one looks at the balances on exchanges (high and stable if not growing).

So this is another reason why hardly anyone if anyone is buying and pushing the price up due to interest.