Blocktrades has been signaling for 12% HBD for over a year since before we even increased it to 20%.
I think you're underestimating Hive's low liquidity.
If even 10% of all HBD gets sold Hive's price is going to take a big hit.
Not just from the $800k that got dumped but because speculators will frontrun that dump as well.
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Yes, that is a valid point.
You raise valid points. Don't you think we were greedy to raise it to 20% as fast as we did?
I refused to go for 20% and left my signal at 18% because it felt too rushed. Now that there is talk about reducing I am going slowly too and I hope we reach a consensus for the long term and focus on development.
About liquidity, not only the APR can cause that. At such low liquidity, low volume and low market cap we are subject to speculation "attacks" for any reason whatsoever, but what keeps Hive safe un my opinion is because apparently (and that is a gut feeling) the biggest investors are developers and real believers that have stayed here in the biggest ups and the lowest downs. I respect the small investors that may panic sell but I have a feeling that the big investors are here to accumulate assets and build the network over time.
I am biased because those are the kind of people I met on Hivefest and I am that kind of person. I didn't meet many speculators that are on Hivejust to make a quick buck, the people I know would move their assets around but try to make Hive work one way or another
Yes it would be much smarter to test out 18% then 15% then 12% rather than jumping straight to 12%.
It's actually a huge oversight that I didn't mention it in the OP.
It never should of been 20%. Now people are making plans in it being permanent which is insane because it is not. 20% was way to high. I obviously have taken advantage and put HBD into savings due to it but it wasn’t a good move at all.