USD -> BTC -> HIVE -> HBD. Each step at least 1-2%, sometimes even more. So we are talking now about around 10% just to one side. The same is backward. Now, with 15% APR it took over a year to break even.
And there is no any warranty that tomorrow witnesses decide to go with 12 or 9%. The risks are too high to interest new users to the platform.
If witnesses don't care about bring new users to Hive and just to get their rewards - they should be voted out.
USD -> BTC -> HIVE -> HBD. Each step at least 1-2%, sometimes even more. So we are talking now about around 10% just to one side. The same is backward. Now, with 15% APR it took over a year to break even.
And there is no any warranty that tomorrow witnesses decide to go with 12 or 9%. The risks are too high to interest new users to the platform.
If witnesses don't care about bring new users to Hive and just to get their rewards - they should be voted out.
@acidyo add there USD inflation is about 10% also. And you'll get that there is no sense to use HBD saving.
You can't throw USD inflation in the mix when no banks/web2 offer you any good interest rates to match it to begin with.
I dunno what exchange you're using, but most have 0.075-0.2% fee per trade and hive to hbd is free not counting slippage/price movement.
you're talking about exchange fee only, I'm talking about the price spread too.
Converting USD -> HBD you'll see a lot more than 0.2% as a result
Yes I said it can be up to .2% fee per trade but I think it's farfetched to say you need 1-2 years of 20% apr/higher apy to break even
I was told about new %15. If you'd like, I can show you based on UAH (Ukrainian) fiat how easy you'll loose that %15 if convert to and from HBD.
I'm sure the situation with other currencies are more or less equal.