SP500 going down is an inherent systemic risk
Number going down is not "systemic"
Systemic means the system collapses and everyone loses everything.
You're just making stuff up and pulling numbers out of your ass.
The stabilizer provides more liquidity to the market than this.
Millions of HBD have been purchased without having to convert Hive >> HBD.
I've seen the numbers.
They were kind of impressive actually.
Providing an example where the user is throwing their money away in size like an idiot does not bolster this argument. I should be able to let this go but your arguments are so weak you keep reeling me back into the discussion. I'll just assume this is some epic trolling on your part. Good job.
Doesn't Deathwing live in Turkey?
Turkey is fucked what are you talking about there's no risk?
Those yields are high because they have to be high because the risk is high.
Not much higher than HBD risks...
Hm yeah hard disagree there bud.
I knew if you gave an example this would become absurd.
That's why I said it.
You should know. :)
Turkey is not fucked at all if you have money, most money market funds returned upwards of 25% in USD this year. That return includes the Turkish lira's devaluation.
I haven't said there is no risk, I said the risk is as much as what HBD has. Exit times from those money market funds are like a day. If I wish, I can exit them and have all of it be in USD cash tomorrow.
Turkish forex funds are denominated in USD, and buys private sector debt that is denominated in USD, EUR etc.
If am pulling numbers from my ass, ask DW. He will confirm what I've told you so far. :)
You made some good points and I totally agree that we should not be manipulating HBD yield based on feels.
The decision to lower yield at the bottom was a weak panic move and totally unnecessary.
We should work to be more transparent about how yield will change cased on market dynamics...
Rather that just caving to cowardly market sentiment.