The Value Of Stablecoins And I Choose HBD

There should be no surprise at all when stablecoin is mention and I tell you this was one complicated idea that took time to totally grasp what it's about. I never really thought anything would be confusing but as easy as the disparity between cryptocurrency and stablecoin, okay let me get to what I'm implying in totality.
The funniest knowledge that was imbibed was Hive Backed Dollar HBD, Hive's native algorithmic stablecoin.
I remember always staring at both Hive and HBD chart to see how the price rises. I laugh so hard at myself when I always waited for hbd to go above $0.98 - $0.94 price it revolved about when I joined the bandwagon. Why can't the price get to $1, $2 and above? I'm sure I'm not the only one that had that feeling anyway, this goes to show why DYOR is vital, if by chance I had make a little effort to prepare for the journey I'm embarking on. Funny enough, I can tell how stupid some questions asked sounded because there are simply the basics that should be known.

You simply just get to know that time brings about knowledge although there's no limit to what can be learnt.

It's clear that the importance of stablecoins is known as the top 3, 4 and 6 spots of cryptocurrencies with $67B, $51B and $19B marketcap. Numbers simply don't lie and the holding that $1 peg is the value that everyone seeks for their money.
USDT, USDC and BUSD have become assets that people keep their money in to keep its value saving it from inflation. As time goes on we start discovering better ways to save our money to hold its value.

My Verdict

It might seem like partiality or giving favouritism but that's exactly what it is. HBD has been my lifeguard from my activity on the blockchain and essentially, with HBD, one been able to understand all that stablecoin is about. I'd always choose HBD over any other. Time today has it that HBD isn't recognized but same time would still reveal HBD to the world. Standing the test of time and holding its value and peg even when it gets de-pegged. We've seen HBD depegging but also regaining its peg swiftly anyway, it presents opportunity to take some profits also.

Thanks for visiting my blog, till next time.

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