It Might Make More Logical For Me To Hold HBD and PHBD During A Bear Market
In these days of extreme volatility in the crypto markets, it becomes very difficult to make a profit by staking cryptocurrencies. Although it is possible to earn future profits by taking risks, it is important for me to have risk-free investments in my portfolio. At the moment, it seems possible for me to make significant profits away from risk by holding HBD.
HBD is a decentralized stablecoin pegged to the United States Dollar (USD) and a native token of the Hive Blockchain. Although we are in a bear market, it is trading very close to 1 dollar. There is very little slippage. I think it's normal to have this much slippage in a bear market. Currently, it is possible to earn by saving HBD. Currently HBD interest rate: 20.00% APR. Seems pretty good to me for making risk-free profits in a bear market.
I also have the chance to profit with my stablecoins on the PHBD-USDC Liquidity pool on PolyCUB. PHBD is a version of HBD on the Polygon network. It is a stablecoin pegged to the dollar in USDC. It is possible to earn more than 20% profit by providing liquidity to this pool.
I can earn POLYCUB by providing liquidity to the PHBD-USDC LP on the Farm on PolyCUB. It's been a little over 2 months since POLYCUB was launched. The risk here is a bit more, but I like to accumulate POLYCUB. I have no idea where the POLYCUB price will go in the short term, but it is one of the promising cryptocurrencies for me. That's why I like to earn and accumulate POLYCUB. And I believe it will have more value in the future, so these days when we are in a bear market, I am focusing on seizing the opportunities here. There are also more investment options on PolyCUB. For more information you can visit PolyCUB: https://polycub.com/farms
It's pretty good that HBD offers multiple options to investors. In this way, I can profit from my assets wherever I want. It is possible for me to earn by staking cryptocurrencies, but when the cryptocurrencies lose value, my earnings do not matter. So HBD seems to be a better option for me these days.
I don't want to take too many risks these days. But on the other hand, I like to invest in cryptocurrencies that I trust. It is important for me to include risk-free investments in my portfolio. There is a lot of uncertainty in the crypto markets and I think it is better for me to wait in risk-free investments until these uncertainties disappear.
I do not give financial advice. My posts are my personal opinion. You should do your own research before investing.
If you wish, you can share your personal opinion with us in the comments.
Posted Using LeoFinance Beta
https://twitter.com/rtonlinetv/status/1524855777168703495
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
There is a lot to be said for the point you are making.
Posted Using LeoFinance Beta
I'd be happy to hear these. Your comments are very valuable to me.
Posted Using LeoFinance Beta
I was looking at my HBD yesterday and had to fight the urge to converting it for Hive, getting more than double for Hive at the current rate of Hive is very enticing.
You are right, the good thing is we have options here in the middle of deep bloodbath.
Posted Using LeoFinance Beta
While many people are going through a difficult process, it is gratifying that we still have options. I also want to increase my Hive and LEO power, but it is important to maintain the balance with risk-free investments.
Posted Using LeoFinance Beta
Yes this shock of the market has settled in we are now thinking rationally and adapting to the reality before us
Posted using LeoFinance Mobile
All the power seems to be in Bitcoin, if it recovers, the markets will get over the shock. But some altcoins will continue to suffer. But HIVE is quite strong among altcoins.
Posted Using LeoFinance Beta
I see the market looking better this morning, I set a 20 cent buy of Hive, if it dips to that range I will be powering some 200 Hive
Posted using LeoFinance Mobile
I was waiting for it to drop a little more, but I hope I don't miss the opportunity.
Posted Using LeoFinance Beta
It looks like we are around the bottom 30-40 cent per Hive
Posted using LeoFinance Mobile
It is trading around $0.45 on Binance. If it drops below $0.4, I can buy it.
Posted Using LeoFinance Beta
Cool let's see how Bitcoin performs, it depends on Bitcoin's movements
Posted using LeoFinance Mobile
The end or continuation of the bear market seems to depend on Bitcoin and it looks pretty strong gives me hope.
Posted Using LeoFinance Beta
So far today have seen a bit of green to stabilize things a little
Posted Using LeoFinance Beta
It is very important to see that the selling pressure is broken, the buyers are increasing, let's see what happens.
Posted Using LeoFinance Beta
I think it depends. Hive is looking really attractive because I think it might get me more than 20% in a year. Of course, prices might lay low for a long time so I wonder if it might earn more for me in savings and exchanging later.
Posted Using LeoFinance Beta
It is not clear where crypto prices will go, this poses risk. I take risks by investing in cryptocurrencies. But on the other hand, I keep the balance by making risk-free investments. Maintaining the balance protects me from losing too much in sudden collapses. But it allows me to make good profits even if there are no big profits in the rise.
Posted Using LeoFinance Beta