Saving HBD or Converting To Hive To Make Profit When Hive Bounce Back
hive-167922·@mistural·
0.000 HBDSaving HBD or Converting To Hive To Make Profit When Hive Bounce Back
<div class="text-justify"> https://images.hive.blog/DQmQzC1Y9YSzBJvuJJBMwbcdLDJeL8fCAF2uo2XGCxrX4yE/20220508_074911_0000.png Hive is declining along with the rest of the crypto market, reaching $0.6789, its lowest level this year. It is now around $0.72. With interesting developments and use cases, we all know Hive has the ability to go higher than its previous all-time high. Anyone with some spare cash can purchase Hive at this current price and profit in the future. Authors are currently receiving their Post Payout in HP and HBD, which means we are receiving both Hives and HBD. People now do a variety of things with their HBD, like converting it to other coins on another blockchain, and even providing liquidity. That is actually beneficial because you are expanding your investment.  Now, if we only have two options for users who have done with their excess investment, is it to save the HBD and earn 20% interest? or convert it to Hive and profit after Hive recovers? Then which is more advantageous. Both approaches have their own benefits, and to be honest, I don't see any flaws in either. When you convert HBD to Hive, the Hive can be powered up to get more power for curation, or you can profit 100% if Hive rises beyond $1.5 from its present level. Keeping HBD in savings earns you 20% return without the risk of crypto prices fluctuating. As I already stated, doing either of these has no negative consequences. ### What Am I Doing With My HBD When my HBD pays out, I convert half of it to Hive using DCA (i.e. when it falls below 0.9), then convert again if it falls more, and so on. In addition, I am saving the other half of the HBD so that I do not have to worry about the market and with the 20% APY, I earn passive income, I can easily withdraw and sell anytime I need money, regardless of whether the market is up or down. The truth is, you are free to do whatever you want with your HBD depending on your objectives, such as save and earn 20% APY, or convert to Hive and earn more profit if the price bounces again, which is 100% guaranteed. You may also do what I'm doing and save half and convert the other half to Hive. </div> Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@mistural/saving-hbd-or-converting-to-hive-to-make-profit-when-hive-bounce-back)
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