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RE: Why we need stablecoins - What are Hive Backed Dollars (HBD) used for?

in LeoFinance3 years ago

What's your strategy when it comes to moving HBD to savings?

Do you use it to simply lock in profits after the price of HIVE pumps, or some other way?

Always interested in hearing the strategy of others.

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I went back to writing in March. Since then, following prices, HBD was the one that caused the least losses, and especially after HF it remains even more stable.

This gave me the security to do exactly what you mentioned.

I can leave my earnings there, without suffering a lot of price fluctuations, especially when a TOKEN or HIVE goes up a lot.

As I need HIVE itself to pay a few bills per month, keeping the value in HBD gives me more "fair and up-to-date" values. For example, last month was what saved me with the values ​​I had left everything in HBD.

In other tokens, for example, I would have lost a lot