HP aka Hive power is something that we all wants to have as much as possible. This is a valuable component on this platform and this time is the best time to accumulate more because prices are down. It is obvious that when prices are down then we can accumulate more power at discounted price and the same I am trying to do this month. This month I have been powering up more frequently and I can say almost everyday since last one week or more. The idea is simple that I want to have more HP and trying grab the opportunity available in the market as of now because you never know if this kind of opportunity will be available later.
HP building
Below is the snapshot for my recent power ups and this is how I am trying to accumulate more HP. I have only mentioned that it is a valuable component on this platform so having it more is something that we all wants and I am not the exception. I have made it 70k recently followed by 71k and now I am growing it even more.
Earlier I wanted to make it 70k but now I am trying to make it 75k with seems that I will be able to be there soon. Although if you talk about the price then it is very low these days which I think is an opportunity so instead of worrying about the price it is a time when we need to accumulate more and be happy later. I am not read about the price because I know that sooner or later it will improve but maybe later this type of opportunity of accommodation might not be available since we are heading towards bullrun cycle of the market.
The HP inflation is also slightly on the higher side which is 3.32% currently and this is also good I would say because our HP grows with this percentage however if the price will go up then this inflation is also going to come down and this is how it work..
HBD APR is reduced
Recently behave also see in the reduction on HBD APR which was earlier 20% but now it is 15% so there is a 25% of reduction on the returns. Undoubtedly the 20% apr was very good but I would say that even this 15% is not bad because in the real word earning this much is not possible and if there are some instruments that offers this much of APR then risk is a lot there. Now here I don't see any risk with hbd because it is a stable coin and the price fluctuation is hardly expected how your if it happens in the recovery happens even more faster. It's like you put your money in the HBD savings and rest will be taken care up by the platform itself because every month you will be able to earn the returns but maybe after this reduction some people will try to take out there HBD from the saving.
The Bitcoin price has been moving around 60k for sometime but if it grows for the like if it touches 70k or more than the similar momentum can also be seen on the hive price. It is clear that market is in better state and may be we get to see bull run market this year or may be early next year. We can't predicted but it is highly anticipated based on the historical performance of the market so if the bull run starts then things are going to be amazing in this market and I am sure it will bring a lot of people in the market in the prices are up.
Thank you
Posted Using InLeo Alpha
