What would have been one of the best things to do in the 1 year long bear market we have so far endured? Of course the answer is selling your crypto as one will always lose value in a bear market. But the challenge then is to store this value in such a way that it remains stable. There are countless ways of getting the first part right (i.e. selling your assets), but getting the second part of the equation wrong (i.e. storing it so it keep its value). Personally, I have made just this mistake: I sold Hive basically at the ATH of $3 only to rebuy Hive at around $2... Of course now at 30 cents, this was a very bad idea.
Then there are the countless examples of "stable" coins like Terra failing and losing most/all of its value. How many billions have been lost like this? And then there are the centralized exchanges that failed like FTX in which so many have lost so much more. I believe this bear market is about realizing the importance of investing in a stable asset and storing it in a safe place.
So where should we then store that value?
HBD is not the only option of course, but it is a really good one as this bear market has shown. Contrary to the last bear market HBD has kept its peg phenomenally well. It is actually working now as intended!The only thing lacking is supply/liquidity which would bring much value to the Hive ecosystem as a whole.
At 20% interest (actually 22% APY through compounding) HBD offers the best APR in the whole crypto industry that also has a very low risk attached to it. People obviously are not aware of HBD, otherwise we would see a lot more being bought. I think this comes to somehow thinking that HBD cannot be stable. While 20% APR is not fixed in stone, the only real risk is from the hair cut rule or the chain halting for some reason. But both of these are actually quite unlikely (especially the latter one).
Depending on where you like (which will determine how high your living expenses are in relation to the dollar) it requires surprisingly little to make a positive impact. For example,
-1000 HBD will give you 220 HBD per year or $8.3 a month
-10 000 HBD will give you 2200 HBD per year or 183.3 a month
-100 000 HBD will give you 22 000 HBD per year or 1830.3 a month
...
Again, depending on where you live this can be a lot of money. And while it is harder to buy/earn 10000 HBD for someone with low capital the beauty of it is that this scales to your standard of living. In that case a thousand HBD might be much more of an achievable goal, but it also already makes an impact at that level. ~$220 can go a long way...
The point is that you can start today stacking HBD. Whatever your target of HBD is, it will already affect your life positively along the way. And one added bonus is that you can always use these funds to make more investments in a bear market! Buying a 100 dollar worth of Hive at 20-30 cents is exponentially greater than buying it at $1-$2! As such, you can increase your wealth when times turn around again...
I have argued that the coming bull market will be about privacy and freedom. This is because I believe that people are now starting to realize that these principles are much more valuable/important than the "safety" and control that governments and institutions are offering. It's not something that is obvious to everybody, and many still don't see it, but I think the arrow of history is pointing towards these values in the long run. The twitter files are just a recent example of people "waking up" to the reality we live in. The realization is that we can actively shape this reality and make it a better place to live in. Cryptos offer one of the best ways of giving people back this lost/diminishing autonomy when the principles are adhered to of which they have been born from: a trustless, decentralized system that gives people back their agency.
As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose! The example above may be fictive.
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