HBD 94 cents, so much for the HBD Peg? πŸ’°πŸ’°πŸ’°

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(Edited)

This is what I thought, the second there is a hint of a btc selloff, HBD shrivels up into a little volatile coin!

Screenshot 2021-09-20 at 7.55.38 AM.png

If you want a real Stablecoin, I think Vault is the one!

If Vault can do it, I wonder why HBD can't do what Vault is doing? I guess Vault is a lot smaller, and probably;y wouldn't hold up if everyone got in right now, but for small amounts, Vault sure seems to have the stability under control for now.

Screenshot 2021-09-20 at 7.58.07 AM.png

Why don't devs just back the HBD with real money??

I guess it's gonna be back to the drawing board for old HBD! If a real bear market hits, HBD would go back to 30 cents in my opinion!! However I guess this means it's time to use the internal conversion to swap HBD back to hive for $1. I suppose when HBD is under one dollar this still works?

Here's what a good stable coin looks like!

Screenshot 2021-09-20 at 8.07.46 AM.png

Follow @coininstant for more!



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75 comments
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Not a good one. Much work still needed for our supposed stable coin


Posted via proofofbrain.io

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Yeah like make a real stable coin, or bring in USDC or something?

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I mean backing it up with real money or something. It just shouldn't go below no matter the movement of the market


Posted via proofofbrain.io

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(Edited)

Yeah the HIVE devs gotta put their money where their mouth is and put enough bids to keep it at 1. The process should all be automated with bots.

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(Edited)

Thought this is to remain pegged to a dollar no matter what. A lasting solution is required to solve this once and for all


Posted via proofofbrain.io

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The devs sure needs some learning after the occurrence of today. Thought the last hardfork fixed this


Posted via proofofbrain.io

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Today the market went down, BTC also went down

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Yeah I just like to point out there are some silver linings in crypto, even on days like today when most coins are in corrupt disaster. haha

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In a few days everything will be fine, no worries

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I'm not worried, I don't have hardly any HBD, lol haha

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Then you are not really worried

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(Edited)

No I'm not worried, whatever happens happens. Everything going through this market cleans again, most likely before the pump again. I'm not worried, I was just pointing out the true nature of the coin. I don't know much about the HBD, I just realized that we can still use internal market and convert them at one dollar, so I think it works in a way.

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I think hbd will hold above 0.9 and stabilize back soon.

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Well I agree with you I think I should and we all should convert it if a market start to hits and which if we look at the market we can see that it is going to start released soon because the Bitcoin is coming down slowly slowly and sometimes very high and if you look at ETH and other coins they are also not looking good

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Not sure why they call it a dollar, since it's clearly not. Just like with the Steem dollars.

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(Edited)

In the beginning they had high hopes

β€œThe best laid schemes o’ mice an’ men. Gang aft a-gley”

Maybe they should just rename it HIVE Volatility dollar, HIVE reverse VIX would be more like it. lol!

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This is a blessing to the small holders, if they buy hbd on the internal market and convert it using the wallet feature back to hive, and repeat.
The trick is in stopping before the market moves back the other way.
3.5 days is a long time to hope the price doesn't go up.
If I had enough to spread it out over the full three and a half days it would be like a free money faucet.
I take what I can get, though.
And now that we can do it both ways, any market moves are pure profits from those playing the game.

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Yeah I converted some in the wallet feature, true! We could almost do this trade on both ends, I didn't realize that until now. I guess HBD is a stable coin in that regard. I should do more of that arbitrage. Good idea.

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I don't think cryptocurrency prices will go up easily because all the cryptocurrency prices are going down. I'm very frustrated.


Posted via proofofbrain.io

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Tough times!!

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I am thinking of managing my next life on the rise of cryptocurrency prices I don’t know how true this will be and how successful it is going to be for me

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(Edited)

@coininstant,
I think the current mechanism that used with HBD Stabilizer might change the high volatility of HBD. By the way thank you for highlighting VAULT. It's a pretty simple idea of MINT what we actually earned. So it backup the real worthy of money every time.
$WINE

Cheers~

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Today BTC gave mi big loss on dote coin 295%loss

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Yeah u gotta learn to cut those losses early on coins with stop limits.

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Stop limit is a very good option which we can avoid loss. But this thing is not understood by many users.

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You some people just predicted what seems to happen in the future and it work find.. Must of this token are really long term investment and when one invested in them it is hard to loss


Posted via proofofbrain.io

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thank you very much for the exchange, have a good trade

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Thank you very much for sharing information, have a good day and a great mood

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It will be great if we get more hive in excahnge of hbd.

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Stable coins are a bit weird on markets, to be honest, HBD is constantly printing, so how in the hell is not suffering from inflation? That is something i question my self, daily.

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Because the conversion keeps it balanced in the middle.

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Barely, i can see it dropping, meaning inflation... So is barely out of a plob due to overprinting.

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@anddumbcunts
You got my attention, if your downvotes are because racism, then you can go and join those minoritys that impose shit on others, leave my freedom alone.

If not because racism, then tell me, why you downvoted basically all my comments in the past 12 hours?

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πŸ’²πŸ’°πŸ’²πŸ’°πŸ’²πŸ’±πŸ’°

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