However, what happens if they pull the same move, but this time on the down side? How would merchants feel about seeing their overnight sales reduced by 50% or more because the currency fluctuated?
Exactly, while we're building a system for traders and people who loves taking profit we should consider the fact that we're presenting HBD's potential stability to would be investors as a great entry point though. Might have been a "good" yesterday, internally. But externally, it wasn't.
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I totally agree with you..
Traders are a necessary part of the market. And the market provides a valuable service.
However, when it comes to stability, there is a lot more that enters the picture than just the market action to hold the peg.
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Have you not watched the movement of the coin over the years? It was pushed up and pushed down.
They can do it by using HIVE.
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