Hello lovely people of Hive and Leofinance community. Hopefully you will be enjoying your life with good health and spirit. Friends, Hive has changed the dynamics of socialing. Unlike Facebook and Twitter which give you nothing except wasting time, Hive offer reward on content creation and curation. Reward come in the form of two coins.
Hive or HP
HBD.
Hive or HP is a blockchain coin whereas, HBD is the stable coin of Hive blockchain. Newbies find it difficult to select preference of saving. Both saving have its own advantages and disadvantages.
Let starts with HP. One of the major advantage of staking HP will increase your Hive Power which may helpful to earn reward in the form of curation. Your vote value will bigger if you have more HP in your wallet. Another advantage of having more HP is to increase your influence over platform. More HP of your account make you prominent and people love to interact with you. Beside all pros, there are couple of cons.
HP Staking will keep your asset intact. It will need 13 weeks to withdraw your HP into Hive. It is a big time considering the volatility of the crypto market. Holding asset will not give you liberty to take advantage of bullish market. Another disadvantage of staking HP is that it offers less reward from HBD saving investment.
One of the main advantage of investment in HBD is that it offers 20% APR on your investment. Although, HBD offers good 20% APR but it is tricky to invest in stable coin when the market observed big dip. Big dip provides an opportunity to convert your HBD into Hive. Just consider the current rate. Hive is trading around $0.357 and HBD is trading around $0.993. Almost, 1 HBD offers 2.78 Hive. Easy way to accumulating more Hive. Remember, HBD maintain it worth around $1. On the other hand Hive can achieve worth more than $1. Hive has already achieved all time high worth of $3.42. In this case it will reduce your Hive collection.
In my opinion the best strategy for newbie is to keep their maximum investment in HP and leave little amount into Hive. It will give you huge benefit during bullish run.
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.