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RE: Hive Backed Dollar-to-Hive Ratio To 30%?

in LeoFinance3 years ago

3x the amount from now.

We have now some people ( include me) that think we will see after hive price drop a lot of panic in the HBD market.

So I would run the worst cast with 10% before I would increase it in any way.

There is no natural demand for HBD. It is only greed because of the 10%.

If hive would fall another 20%. We come in the haircut range. 30% would mean you cant convert 1$ of HBD into 1$ worth of Hive.

Can you imagine 28 Million HBD loss there value? How sad Holders become?

Now 3x that and you know why i think it will end up disaster.

And btw. Think now about a 10$ hive and you can convert 1 Hive into 10 HBD.

Then the 30% would end up in 30% more inflation.

Under 1$ = deflation over 1$ massive inflation.

Simple because of the swings and how likely they are.

Increase the debt is like play with dynamite IMO.