This was bad news as someone looking for a steady passive income surely will look elsewhere now. I have to rethink where I am going to invest and I am a Hive believer but also a realist. I hope this can be fixed as HBD is far from a stable coin currently and we are kidding ourselves.
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Did the price not return to its range within 24 hours?
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Yes it did which was really good but my concern is when we have more HBD available and the price goes the other way then what happens? Could the price tank more if the HBD price was manipulated on a larger scale? I am just thinking of businesses who require a stable for transactions being put off by the volatility.
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It could be possible but use cases are important.
To me, it comes down to what we built our around it.
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