!Luv the presentation.
Perhaps you can help me with the HBD savings data.
Only 4% of all HBD is in savings and that is via 16,000 accounts.
That doesn't seem like a lot. I expected higher values.
Also, is a 20% saving high compared to what you can make from trading any given token that can fluctuate by a much greater percentage change?
I don't feel as impressed by the 20% as much as some who think its a non-brainer to accumulate savings.
Any thoughts on saving strategies?
Have a good one.
!ctp
!pizza
!beer
Hello @fjworld, sorry for the late reply
You're right, only a small percentage of HBD is in savings. This might be because many users prefer to keep their HBD liquid for immediate use or trading.
As for the 20% interest, it's indeed an attractive rate compared to many traditional savings accounts. However, as you pointed out, potential gains from trading can sometimes exceed this. It really depends on one's risk tolerance and investment strategy.
In terms of saving strategies, it could be beneficial to diversify - keeping some HBD in savings to earn interest, while also investing in other tokens or assets for potential higher returns. Always remember to do your own research and consider your financial goals and risk tolerance.
Enjoy your day!