The entire cryptoglobal at this moment is suffering a big blow in terms of price movement in the market. This loop-sided trends in crypto market price has affected both great and small (coins) in the cryptoverse.
Within the past 45 days, Bitcoin (chief crypto) have suffered a serious loop-sided trends in market price from $47k to $35k and we all know that whatever happens to the mother of all cryptocurrency, will surely affected the children.
How does one project him or herself at these times? Obviously, being on the sidelines with a portion of one's portfolio is helpful. Timing markets is a difficult thing to do. However, it is possible to mitigate the risk associated with market pullbacks.source
The average mindsets of most cryptocurrency holders at this moment will be divided: one side on how to protect their crypto asset by converting them into fiat or to endure the current market price expecting a change in price as quick as possible.
This post will focus on the power of stablecoins (such as HBD and UST) during the dip seasons in the cryptoverse and how they can serve as alternatives in building one's crypto assets most especially in a blockchain settings.
Everyone present on the hive blockchain is unanimously covered during the dip seasons with just one features on the blockchain, which is the ability for rewards to be divided into 50% (HP) and 50% (HBD), although an individual content creator have the opportunity to choose between either the 50% options or leave the rewards as 100% HP.
Leaving your content rewards at 50% (HP) and 50% (HBD), will be one of the wiset decision one can make to still remain happy during this dip season. My above point is optional because, what gives happiness to every individual differs and goals also differs.
For instance, a content creator might have a goal to reach a certain level of HP within a given period of time, which may fail even in a dip season and decide to leave the payment system at 100% HP, I still think that leaving your rewards payment at 50% (HP) and 50% (HBD), is still the best because, you can market your HBD for a higher HP during dip seasons because of the stabilizing factor in the HBD.
Apart from the 50/50rewards payment system on the hive blockchain, one of the helpful means of securing your hive is through placing your HBD in the savings option in your wallet.
One of the uniqueness of this is that, there's a new interest on HBD savings which is 20% APR. With this in place, your crypto assets is not only safe but it accrues a very high interest for saving HBD in the on-chain.
The final way to secure your hive assets on the hive blockchain is through PolyCUB HBD (pHBD). This for me is the best way to save and keep safe your hive assets during the dip seasons.
It should be noted that, pHBD offers users the opportunity to earn about 57.98% APR and 78.49% APY for just wrapping HBD into the polygon network.
I can strongly say that most people on the hive blockchain aren't bordered about the current price of hive in the market due to the recent happenings around PolyCUB and the availability of HBD which is still within a good price within the on-chain market. Please, if I'm wrong your can current that impression on the comment section.
Remember that it has been said over and over again that the value of pHBD is pegged at 1 HBD on the hive blockchain and the price of HBD fluctuates between $1.01 and $0.97 respectively.
With $1 mark, holders of HBD are sure of stable value for their crypto assets on the hive blockchain. This places us that are on the hive blockchain in a comfort zone during dip seasons.