RE: Sub $1 HIVE is Here || Be Bold and Accumulate
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I'm waiting to see if this bear market is just heating up. I'm bullish Hive though because I use it daily, I love our community, and I'm 99.9% sure we're going to be around for awhile. I never really concern myself with my Hive bag. Build it up when the price is low enough, sell when the price is high enough, and add a little to my HP each market cycle.. Really focusing on the 12% interest rate for HBD savings right now. If HBD dips, if the peg is still not quite pegged 🤣 I'll be adding a bunch of that for sure. Then convert my HBD to Hive when I like the Hive price again.
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There are some signs that things might dip a bit lower, so I'm always waiting. Maybe I'll DCA in 3 or 4 steps.
The system you use is similar to mine. I especially like the 12% APR on HBD, as I can always compare it to the laughable 0.25% my local bank offers. I made more in a month on 500 HBD in interest than I ever would in years on higher amounts with the bank.
I totally agree! I feel the exact same way.
I'm trying to build up my HBD this year, and I'm also doing Gemini Exchange "Earn" with their GUSD stable coin. I'm earning 8% over there on my stablecoin savings.
These banks are going to be in trouble when people get sick of these low interest rates and start finding crypto solutions they can actually get a decent return with.
The blockchain does what it wants, while the banks scramble to make overhead and profits make sense. Some of them are not even gonna what hit them, but then it will already be too late.