Ever since we have been languishing in and experiencing the bear market. We have been able to take precautions, precautions to hodl. Largely almost everyone isn't interested in trading his or her hive coin cheaply. Though some people are still trading due to some unforeseen circumstances that have come around. Normally,when there's bear market,a lot of people find it uninteresting to trade. So during hive bear coin, there's this amazing stablecoin coin that stabilize hive coin which hive backed dollar (HBD).
How has HBD makes you stockpile?
To back up the active point, when the rate of Hive coin is low to dollar,the conversion of hbd to hive token is always high. If you are running a 50/50 rewards on your content,you are liable to receive hive token staked to hive power and hbd which will stands as hive token which can be powered up if you so wish. Some don't convert their HBD, they stockpile during the bull market and wait till when cryptocurrency price is in the bear market then they convert. Which means conversation will be higher from hbd to hive token during the bear market. Like for example,if you get a claim of rewards of 50/50 on your content in this format 2HBD/4HP. It's likely your conversion at the end will be 4HIVE TOKEN. That is where HBD stands as stablecoin to HIVECOIN. This means the higher the rate of hivecoin, the lower the rate of hbd conversion to hive token. The lower the rate of Hive coin, the higher the hbd conversion to hive token. Any which way,HBD as assisted people stockpile hive token in both bear and bull market.
