It's more than clear that HBD needs more liquidity but at least we are working on the fundamentals first. HBD pumped, the mechanism worked as planned and the peg was reestablished fairly quickly.
On the other hand, more HBD in circulation means more risk to the downside where someone will try to pull a Luna on us... Seems to me stabilizing HBD will take much longer than people expect. It does suck for business but it is still the only decentralized stablecoin that works imo.
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There is muuuuch more liquid Hive to buy the dip if HBD goes to $0.95 and below.
I don't know if there is enough liquid HBD to really do a working reverse pump. You would have to buy a ton of HBD before you can attempt to dump it so you would pump the price and burn a lot money and then dump it at an even lower price and burn more.
It's possible to buy Hive, convert it to HBD and then dump it but I don't know if this would really work xD
Keep in mind the only external exchange with any liquidity is Upbit and that is an exchange closed to outsiders. Not a lot available elsewhere.
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Well, we have to be careful when it comes to liquidity and that I agree with you on. I also agree with you that for HBD to get that stable nature it will take time.
However, I think USDT and USDC are doing better in terms of stability.
I also understand that HBD is still upcoming and so I feel we are doing great
They do, at least on the external exchanges. They also have a much larger circulating supply at the moment.
For now, we just have to keep pushing forward. A lot of work to be done.
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The fact that people use it at the base layer, and not Layer 2 says a lot.
There is a lot of work to be done so that is the challenge before us.
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