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I don’t confuse it - it is the same but has a different meaning for a person on a bearish and bullish cycle!

What is the difference???
20% APR in US dollar pegged stablecoin is completely the same does not matter the market conditions

No and again no, under different market conditions 20% can be either a little or a lot!

20% is 20% always.
If you want to compare it with high risk investment it's different story. Just can't mix apples with pears in discussion

I understand you - just talking about the same thing, we have different views on the economy - I don’t pretend to be right (but I am a supporter of not touching what already works well)

Ok, but I think this was the original question.
If 20% APR on HBD works well for everybody or just for few.

For a few, they will return the interest earned to the system again - those who have been here for a long time will not leave here - after all, we love Hive