I have been thinking lately what I need to do when the Bull cycle is in full swing and the time is right to start selling and moving things around. Unfortunately the internal exchanges are not fabulous and serve a purpose of convenience. The problem is always liquidity and when you are talking big numbers the chance are you will be left high and dry.
The plan is and always has been to leave all my HIVE within the HIVE ecosystem as HIVE or HBD and needed to double check things like the 3.5 day conversion system. This is not something I have used loads of times before and think I have used it one time many years ago. I am glad to see this is still around and why I did a quick check today.
The chances are if you are using an external exchange these would all be taxable transactions and I have no plans of revealing my stake when there is no need. Remaining in the shadows for as long as possible has always been the and I and I plan to keep it that way. Keeping crypto simple is how I always think and there is nothing more simple than staying hidden on HIVE.
This is the lifesaver for those wanting to remain in HIVE by converting your HIVE into HBD so you protect your stake value. The 15% APR earned whilst staking your HBD is just an added bonus that makes the waiting period before you move back into HIVE all that sweeter. As you can see I have not exactly gone all in on HBD because the time was wrong regarding the price and why throw value away when you do not have to. With HIVE rising in value those who have staked HBD have lost a good 125% in the last 30 days and if you consider you are earning only 15% this makes no financial sense. This is a positive swing of 110% for those holding HIVE vs those holding HBD.
The 3.5 day process is reversed the exact same way you moved HIVE into HBD and now HBD back into HIVE. There is always a risk that the 3.5 days could see a drop in value, but then again the value could also rise so this is the risk that one needs to take.
The beauty about the HIVE eco system is you do not need to go anywhere and can remain invested no mater what the cycle is doing. This will be the first time I am going to be capitalizing on the cycle and was wondering if there is an easier way or am I missing some important steps here?
Up till now HIVE has always been about growing and accumulating so this is all rather new to myself, but at the same time this is exciting to try and get further ahead. If one can 3 x or 4 x the HP stake or possibly more then why not. This is how you can boost your stake taking advantage of the HIVE price not only growing your value but at the same time being able to offer more support to others in the future.