<There is a chance that this strategy backfires.
If the HBD stabilizers are able to stockpile enough HBD to suppress the price then HBD will not go up if/when Hive goes up. So what I'm doing right now is basically betting against the stabilizer. Might not be a smart move.
In the end though it's nice to have a stable asset hedge once again. Don't have to worry about HBD breaking to the downside unless Hive market cap loses another 33%. Considering we are scraping rock bottom right now I doubt that will happen, and if it does that means this hedge was a smart move and I can buy back the Hive 33% cheaper than before. Easy.>
This is a smart move,when trading cryptos,one must always have a plan B
It's not quite as bad as it used to be since HBD pays 3% interest now. If HBD doesn't go up and just stays at 1 USD, you still make 3%/y. Not spectacular as crypto returns go, but better than nothing.
Alright thanks for the info...
Words of wisdom from you sir...