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RE: HOLD Your HIVE!

in #proofofbrain3 years ago

Our rewards are in HIVE; so we won't lose any HIVE with the market dip. For that matter, we are likely to see our earnings increase as the people who do HIVE just for the earnings tend to disappear when the price of HIVE drops.

HIVE dips with bitcoin because the people who speculate on coins are pulling their money which increases the HIVE floating on the exchanges. There is very little we can do about this.

But, If you want to do something to reduce the float; you could drop a burn post.. In the advanced option on PeakD, set the beneficiary to "burn." This will put a little flag by the payout. The system will transfer the coins for the post to null. This reduces the float.

Here is one I wrote

You can use the picture I took of a dollar if you want.

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Yeah that's a good point; I've noticed the Burn option in posts but I don't ever remember using it. Declining a post is another option, but I understand that all that does is return the funds to the reward pool for other users. Thanks for the information man.