Thanks for this! I've been building my HBD savings thinking it was a safe bet... but now I see there is risk here too. Guess I will keep at organic building but won't get all crazy and get that second mortgage to buy HBD. !LOLZ
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I wouldn't take out a second mortgage but I think keeping some HBD with that 12% interest rate is worth a little risk. Even when the peg breaks, sooner or later we always seem to return to $1.
Yes the peg keeps coming back, and with the folowing increase in the debt limit the security will be even higher. Even if it breaks you just need to be comfortable waiting a bit and not be in a rush to get your funds out
Thanks! !LOLZ
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He had no Monet to buy Degas to make the Van Gogh
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$LOLZ
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Awesome... that helps me feel better about it. I have seen it get down into the 90 cent. !PIZZA
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The risk is the peg doesnt hold. However, as cited, with the HBD stabilizer, it is only temporary. Plus there is more work being done to ensure we keep improving the peg and the use cases for HBD.
I am hoping we see a lock rate of at least 20% for a year at some point. That would help to move Hive further into the fixed income market.
It would allow for the creation of more HBD along with a way to ensure it all doesnt hit the open market as sales orders.
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Heck yeah, they give me 20% and I will be getting a second mortgage to buy HBD. Maybe even a third!
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It's a little bit funny.
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Yea, plz no mortgages :)