Interesting 🤔

in #hive5 years ago (edited)

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Curious how fellow Hive family feel about parking for a high rate? Is this mainly raised as a way to keep people from selling? Or is there another factor? 7% surprised me but I assume it’s the price drop?

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The whole HBD thing is crazy - and no different over at Steemit. I have no idea why its done that way. Or why it exists at all. This interest rate will pump the HBD price of course - at least for now.
But I don't get envolved in this stuff. I have not bought a single penny worth of Steem, Hive or any other Crypto so far. And I won't, as long as its future is looking so shakey. With the central banks planning to come out with own digital currencies and all that. You do realize that it just takes a few signatures in the White House and such places, and your crypto saving go up in smoke, right?

Looks like a fail
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I have been wondering this myself, I thought it was to make HBD go down back to 1 USD…

Didn't notice this significant increase until you pointed it out. I now wonder how often this will change.

It must be part of the HBD peg mechanism. I see the percent oh HP is still 3ish so it must be to incentivize buying of HBD under a buck perhaps.

Interesting. It is 5% this morning.

Morning 🤟

just curious is it baxk at 7% when u look?

No, I just looked when I posted that. Edited: And just now, 7%!!

Same. It’s been going back and fourth every hour or two 🤷🏼‍♂️

I guess 7% is here to stay. Wow! That is awesome!