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RE: LeoThread 2023-11-20 14:23

in LeoFinance10 months ago

The $HBD is a stablecoin, right?

If so, what are the disadvantages or dangers of taking all your fiat money into $HBD?

#hivelearners #askleo #hbd #hive #web3 #blockchain

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This coin is supposed to stay at $1. I think there is no risk to invest money in #HBD

This is also my thought. The only disadvantage is that if you use $HBD as your primary way of having your money, it will need to go through a CEX if you want to spend them 🤔

The value remains the same and it's a disadvantage if you are keeping your money idle. it's the same about all stable coins. But if you keep your money in savings then $HBD offers you the best return. 20%.

The best interest rate for fiat money here (for me) is 2.5%.

Basically the same as having them liquid, but I was thinking about starting putting in some fair amounts to HBD and put them in savings

what? 2.5%? As well as I know it's not correct. You must recheck it. I said 20%

Yes, 20% for HBD, but 2.5% in my bank account

it is not a stable coin. it is a stable-ish coin :P

All you can afford to lose* would be better for starters 😂 Not saying there is anything critically wrong with $HBD, but still ...

I know what you mean. In theory though, it could potentially give you a 20% bigger salary from your regular job.

For me, putting all my fiat into HBD is far more safe and out of risk than keeping them in fiat. I only keep fiat bc we are yet working on adopting all the shops we buy stuff on XD

Imagine if someone could get Visa to have a card/coorporation for the Hive Blockchain 😄