While other stable coins are losing their pegs "negatively" , like we have recently for HUSD, others are also loosing their pegg but in a rather positive way. The stable coin for the Hive blockchain, HBD, has lost its pegg again. Instead of decreasing in value like others, it has actually increased in value. Strange for a stable coin. It is currently priced at $1.37. Few weeks ago it also lost it pegg, this time it rose as high as $3. I took opportunity and sold some of my hbd. Is This a good thing for a stable coin?
4 comments
That's a golden opportunity I think. It's supposed to be a stable coin. If it's 37% above its peg, I wouldn't hesitate a second to take profit to buy back later
Exactly what I did bro. Especially about 2 weeks ago, it suddenly went to about $3. I sold about 200 hbd I had at $2.1 and re bought when it regained its peg at $0.98.
Awesome! I'm still being lazy and irresponsible for not trusting enough to the hive ecosystem. I sold all my hive before the Q2 crash. I guess it's time to make a good use of hive and hbd
You would love it bro. I am actually accumulating more hbd, someone told me this scenario happens from time to time. Positioning myself.