The arguments that 20% is unsustainable seem vapid to me. As long as the price of $HIVE doesn’t crash, we should be okay. And if $HIVE were to go higher during a crypto bull, so much the better.
You are viewing a single comment's thread from:
The arguments that 20% is unsustainable seem vapid to me. As long as the price of $HIVE doesn’t crash, we should be okay. And if $HIVE were to go higher during a crypto bull, so much the better.
It is sutainable, indeed, But is not this rate one of the things that prevents Hive from going up like many other coins? HBD is basically a debt and paying such an interest rate on a debt that we don't use anyhow (as a bond, as intended way back in 2016), seems as a waste of money. Which, obviously, doesn't come out of nowhere.
Hive, like most cryptocurrencies, is dependent on the bigger crypto cycle. In 2022 and 2023, most altcoins lost 90-99 percent of their value, and they are just now beginning to recover. Hive lost about 95 percent, and is back bouncing around 10-15 percent of its all-time high. Check the record on most other altcoins. Hive is not in a vacuum. As the cycle progresses and people discover it, it will rise -- but in a bear market, the interest rate on HBD that the vast market does not even know exists means little to adoption.