Askleo : What your take, Hive and HBD hedge vs Bitcoin /Tether or any other stable coin hedge.
I guess this bear market though not prolonged but tell me lot about the investment strategy, It is not like that I witnessed this as first bear market but at last bear market , I do not have any assets as such and I actually not able to gauge the impact of bear market in wiping out the portfolio.
So it suddenly look to me that how nice it might be , if I am going for keeping the profits in stable coin when market is mooning and using those stable coin for buying the dip in bear market or getting some stable income in bear market. Being Hive my favorite coin and BTC at the top , I decided to put my thought on comparison of both.
The journey of Hive look like a mountain peak when we see it for a year , Almost 6 month ago , Hive has touched it's peaks and in current time , it price is resonating the price that we have last year so look like whatever Hive gained in first 6 month , lost in next 6 month to reach the almost same price point.
Hive rise can be attributed to the Splinterland's popularity that suddenly start attracting so mant "Play2Earn" players or may be some unknown reason and it fall may be blamed on bear market or whatever reason look convenient to use.
In same period . let see how bitcoin was doing.
Source
Bitcoin graph look much similar to Hive graph but it is little right shifted as compared to hive graph (may be more drop in Hive price expected as Bitcoin is not moving up currently).
It is interesting to check that how the HBD (Hive backed Dollar) is doing for last one year.
It is very interesting to see that HBD was having the spike periods of above $1 when Hive was trading at its lowest price points and it's graph look more stable after later half, where Hive touched it's ATH (all time high).
So here is the hedge in Hive-HBD
It make sense that when Hive is going cheap or HBD is going over the peg, it become the nice time to convert HBD into Hive and when Hive price start going up or crosses a $1 mark , it become a nice time to convert Hive into HBD . Interestingly, when you see Hive and HBD together for same duration, it start looking like that is past year, there was plenty of opportunities to get benefitted by converting Hive to HBD or vice versa.
How Hive-HBD hedge might be better then BTC-Stablecoin hedge.
There might be a question, why not we can do the same in BTC - stablecoin pair?
Offcourse, it can be done but question is which stablecoin is to be trusted ?
We recent crash of UST , DEI and other ongoing list , Tether comes to top but believe me ,nobody knows the real backing of Tether and other "centralized" stablecoin can freeze your balance at their will even in your own "wallet".
I am not going after money and at any day priority should be fund should be "Safu" and owner to be in complete control of funds. HBD provide me both with 20% APR on top of it.
Hive is here a volatile asset ,same as Bitcoin but Hive has APR of atleast greater then 10% combined with staking APR + Curation APR. It belong to individual to individual but I guess nothing beats the joy of giving while earning yourself.
To me Hive - HBD pair lie in same blockchain with no transaction fees and at any time I am in fully control of my funds in Hive blockchain when I am getting some nice APR in my funds.
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