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RE: The Case For HBD Eating Up Hive

in LeoFinance3 years ago

I have been reading a lot of this topic of late and I find it interesting. I have also tweak my strategy a bit to accommodate some of the knowledge I have gained.

From what I can gather here, we need more HBD to attract more commercial activities. One of the ways this is been achieved is through the conversion of hive to HBD. This also has an impact on the price of hive. So hive is the coin to hold right now. I was tilting towards HBD at some point.

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Just follow the supply and demand in your head.

If you convert Hive-to-HBD, you are reducing the amount of Hive and increasing the amount of HBD. If you are turning around on the open market and then selling the HBD, you added more sell pressure which should help to push the price of HBD down.

With it being higher than $1.00 right now, more sell pressure is needed. That is what HBD stabilizer is doing at the moment.

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