The Hive Dollar (HBD) is currently above $1 USD (2022.08.19)

in #hive-1679222 years ago

Today morning I noticed that the Hive Dollar (HBD) is went above $1 USD. Currently it is $1.11 USD, with the highest of $1.70 USD in the previous 24 hours.

If I would have some liquid Hive Dollars (HBD), then I would sell some to buy more later, when the price go back down to $1 USD, or to even below. For example to $0.9689 USD, which is the lowest in the previous 24 hours. But currently all of my HBD ($66.08 HBD) is in savings.

Maybe it is indeed a good idea to keep some liquid Hive Dollars (HBD), and not transfer all of it to savings. To take advantage of the opportunities, like this.

$66.08 HBD is currently $73.34 USD (counting with the $1.11 USD value). If I count with the $1.70 USD value, then it is $112.33 USD. Buying and selling it in the right time may give more return than the 20% APR interest.

Of course this is not a financial advice. Trading can be risky. There is no guarantee for the price. Everyone should do his/her his research, and everyone should do this at his/her own risk. And everyone should invest only what he/she can afford to lose.

Have a nice day. All the best. Greetings and much love from Hungary.

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It's too bad but I missed the HBD pump and it's nice to know HBD closed the distance to the peg in less than a day

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Maybe it is indeed a good idea to keep some liquid Hive Dollars (HBD), and not transfer all of it to savings. To take advantage of opportunities, like this.

I agree with you on this. I love the fact that hbd remains a stablecoin and hopefully, it won't go below necessary, right?

Stablecoin? I wasn’t aware it was backed by anything solid. How many US dollars back it?

It is loosely pegged to the USD. Sometimes it go below $0.90 USD. Those are great opportunities to buy.

Hmm I see, and I agree.

We should all be prepared for a higher bull market soon

Somehow Hive was affected negatively in the previous 24 hours. It went down -6.37%. Currently it is worth $0.5585 USD.

I believe it will pump back soon