Not really, there is still a chance you lose value even when you convert.
Not really, there is still a chance you gain value if number goes the other way.
If the Hive token is higher 3.5 days later you get more than 15%.
You are viewing a single comment's thread from:
It conveniently ignores what I said in parentheses. And I am talking about proper savings, not some measly 100 HBD. When you have to sell 20K, 50K, or 100K worth of Hive in USD, it is going to get eaten by slippage.
It is basically a "guaranteed"*** 15% APR. You can fill in the asterisks.
Now you are talking about a completely different thing.
Again, conversions have a net 0% slip depending on the delta between current Hive price and the 3.5 day average.
Liquidity on Binance right now show over $200k in liquidity without price moving down even a single penny.
Wait a little longer than 1 second and it's a lot more than that.
And you're talking about an amount that 99% of the users here aren't going to do and don't even have... let alone dump all at the same time.
What's next? You're gonna start talking about half a percent trading fees on Coinbase?
Also can be avoided with USDC conversions to USD.
I'm telling you and I'll tell you again, the slip is negligible and 15% yield is killer.
In fact the slip matters more on small amounts because people don't care about small amounts.
At this point we have a better track record than all the other bullshit out there.
I had, deathwing had.
This happened when I had to exit HBD, and the same thing happened when deathwing had to exit HBD. I am speaking from experience that that yield is just on paper.
Thank you for illustrating for me that it isn't a killer yield. If it was such a killer yield why 99% of users are not saving, why you are not saving if it is such a killer yield?
I have put my money where my mouth is, would you do the same or is this just paper posturing?
I'm illustrating that most people are poor and live paycheck to paycheck.
$20k in savings is a huge sum for the vast majority of people.
Even for white collar workers earning 6 figures a year.
My money is in Hive I have never farmed HBD.
It doesn't matter what the yield is, I don't need it.
Holding debt is not a flex.
So paper posturing it is :)
You are saying it is a killer APR without even using it with any meaningful amount of savings. You are saying this to someone who has used it when it was even at 20% when he is saying to you that it isn't.
I know you are better than that edicted, I know that you can reflect on things.
Queue the fake bald eagle sound. No, mate people outside of the US can save quite a bit of money.
Hm! I'm not sure what kind of logical fallacy is going on here but I'm not sure why I would need to personally farm a 15% or 20% yield to know what a 15% or 20% yield is. If I told you I was farming 15% somewhere else and it was awesome... would that give my argument more credibility? Or are you just looking for some random thing that doesn't matter to discredit what I am saying?
I can see what deals are being offered and how certain assets perform. It's a number on a screen there isn't much to this. I don't need personal experience with every single asset that offers a return to know that 15% is good on a stable asset. It's true that 20% would be better. 20 is higher than 15.
Boomers put their money into bonds and get like 5%.
This is not rocket science.
I'm reflecting on this just fine.
No, I have said this multiple times. When you want to exit from HBD savings, the real APR you end up with is around 12-13%, not 15%.
Something advertising X% APR doesn't necessarily mean that is the APR you get in reality. You know this, but you are still trying to argue against it.
Let's run a simple thought experiment here. You have a stable asset, it has a whopping 50% APR, but if you sell this asset you have to pay 80% tax on your gains. What is the real APR here? Is it the 50% that is getting advertised or less? I know that you are not this naive. Even if we do an APY, it would take several years for you to actually reach 50% APR.
That is why 15% is okayish, many things decrease the actual return you are getting.