You said yourself at the start, and I'm playing Devils Advocate here, that all stable coins that gave 20% have collapsed. You have assumed the rate will pull back to 10% as being viable, but what if the coin collapses ?
I'll confess , I don't know HBD other than by name. What is generating the 20% return ?, what is maintaining the peg to $1 ?. Excuse my laziness, I could go away and dig for the answers, but maybe you can provide a shortcut ;-p
I'm also doing a £500/mth strategy, but into an ISA , with my focus on Apple, Google, Microsoft and a few UK listed companies. I've had some dogs over the years, and I must stop selling my winners, but I feel that risk of going to zero is too high with anything on Hive to warrant such a significant monthly commitment.
I like the idea of crypto for outsized gains from a small outlay, I think now is a good time to make that outlay, I'm just not sure about a long term hold in crypto , outside of BTC maybe.
But hey!, I've not exactly knocked anything out of the park, so, my opinion is just that, an opinion and worth about as much as anyone else's , they are after all ten a penny !
It is high risk for sure, my main pension is already sorted, so this is on top. If HBD goes below $1, Hive gets converted or sold to bring it up to the $1 peg!
Thanks for the info, another bit added to my Hive learning.
I'm going to put my annual bonus into crypto this year, 40% BTC, 25% SOL, 25% ADA and 10% ImmutableX. I've been faffing about with crypto for a while now and aside from Splinterlands , I've not been consistent.
Time to get on the bus for the next bull run I think, now this time I'm not going to sell too soon ( repeats mantra .... not going to sell too soon). I feel like I can play a bit of a riskier game with bonus money, after all, it is exactly that, money I don't account for in my day to day world
I'll steadily build up my Hive assets with Hive ecosystem earnings, funnelling them into HP and some HBD
Last cycle I sold my Dodge at 7c and saw it 10X, sold my ADA at 80c and missed out there too. I took a profit each time, but after weathering the previous bear, I pulled the trigger too soon, can't go broke taking a profit, but meh !, definitely sold too soon.
Good luck with your plans !
Timing the market is tricky I prefer to DCA in and then DCA out but I am pretty cautious!