Hive & HBD: Everything Is In It’s Rightful Place

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The crypto market or rather the crypto game is a game of patience, if you are impatient, you will transfer wealth to the patient. At least that’s what we were told, I believe it’s only true and possible with a successful project with utility and amazing use case. If you are being patient with a failed project, then that’s not smart. People that stayed patient with LUNA can tell you better. Few hours ago, the value of LUNA finally went -100% meaning that it has lost its total value. Making it worth $0.0000, does that mean that there was no liquidity anymore? During the LUNA/UST crash saga, I thought Luna was a scam because I didn’t know how to wrap my head around the whole price crash thing. I felt Do Kwon pulled the liquidity plug on Luna/UST. More research changed the narrative that it was a flaw in the blockchain causing people to panic sell there by causing the blockchain to increase supply and in turn reduce value.

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Now that’s for LUNA/UST, we in the Hive community must have felt some sort of panic. It could happen to Terra it can happen to any blockchain, how secure is the Hive blockchain to prevent such thing from happening? Well after reading taskmaster4450@taskmaster4450 post on HBD Defenses: How HBD Is Different From UST, I totally understand why the blockchain is currently stable and will be stable for a long time. If you are still wondering if the LUNA/UST crises can get to Hive, you should read it.

During the total crypto market crash, I was a little bit scared for Hive/HBD, this is because, before the crash, the value of Hive was below $1, I think it was around $0.7, I wondered what will happen to its value after this massive crash. Sometimes last year during a little market crash, I watched the HBD depeg far from the $1 price, to about $0.85, but after few days it got its stability and regained its $1 price or, sometimes it’s almost $1 price as we some times see it around $0.99 or there about.

On Hive, HBD depegging is not something we panic about, we trust the system and so far the system has not disappointed us or show reasons to doubt. This is why I will always say that Hive is way ahead of its time. The price of Hive went from around $0.8 or $0.7 to $0.4, yeah, newbies panicked for sure, but oldies didn’t feel a thing, it’s just another dip wave, expecting to pass. But did you know that during the dip, in between the dips the HBD tried to maintain its $1 peg, even when other StableCoins like USDT, USDC and BUSD were slightly depegging. This is to show you how we are in the right path, still sad that the blockchain is underrated and haven’t been noticed yet.

If shitty coins and blockchains like the Dogecoin could get recognized after few years, why can’t you be patient with Hive. I am not saying that Hive needs to take that long to get discovered, but we need to have patience with the blockchain. Lots of people are working on the blockchain, building projects on the blockchain. These projects are one way or the other going to put Hive on the map. Hive is on number 192 in the market cap rank, a good position in my opinion but let’s get it to top 10 one day.