RE: Time to swap you HBD savings for Hive Power?
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It's a good question you pose, and to be honest I reckon we are nearing the bottom now, and any Hive picked up for 0.65 to 0.70 HBD represents serious value.
I actually started with the HBD savings while waiting for this exact opportunity, but now that I have savings (similar amount than you) I kind of want to leave compounding away at 20% APR.
Tough decision to be fair. I would be really interested to know the inner working of the 20% though and how often the interest is calculated? Is it monthly or quarterly or what? That would be a key consideration in when or if to take it out of savings.
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It’s compounding monthly, so the APY is actually 21,94 %… Which is pretty amazing. But Hive going from 0.65 to 1 USD is 50 %…
Yes interesting point to be fair, so a good strategy could be to withdraw it all and buy Hive and then just leave the liquid Hive until we get parity again where HBD = Hive and then reinvest the HIVE into HBD savings. I would be shocked if that does not happen in 2022 sometime, so you would affectively make twice the profit in half the time.... I like it @pele23, I like it...
Lol 😂