@HODLCommunity presents to you the 198th LeoFinance Curation Post
We feel very excited as we think we will address one of the most important issues on the leofinance.io platform: Curation.
We truly hope, big stakeholders will support this initiative in order to spread rewards to some amazing writers.
Our goal is to support content creators and generate qualitative interactions between LeoFinance users.
We will set a 5% beneficiary for every author selected in this curation report.
So Lions 🐯, let's roll !
The Richness of the HBD of saving in Hive Based Dollar (HBD) of the Hive Blockchain. by @lebey1
Advantages of Saving in HBD
It can be converted to Hive tokens and vice versa.
It is a stablecoin.
You can use it to buy goods and services, both online and offline.
The value of HBD coins is ensured because it is pegged to the USD dollar and backed by multiple financial institutions in countries like India, South Africa, Indonesia, Kenya, etc. The implication is that if you convert your HBD into USD Dollars or any other fiat currency at any time, then you can be sure of getting exactly what you paid for because there's no volatility with regards to value fluctuations like there would be with other cryptocurrencies such as Bitcoin or Ethereum which any companies or governments do not back."
The hive-backed dollar is the stable coin of the Hive ecosystem that is designed to be equal to $1. For those who want to have HBD, they can publish posts while HBD can be printed (unless it exceeds %10 of Hive Market Cap) and anyone can convert or buy from the open market.
HBD gets more valuable in the eyes of people after the UST drama that ruined the whole sentiment of the crypto ecosystem. Thanks to HBD Savings, people get interest on their HBD investment which may reach nice amount of money for a living. Also, pHBD pool on PolyCUB can be another great source to receive great APR for investment.
The Rise Of FTX's FTT Token by @sapphirecrypto
TX’s FTT token has managed to edge its way higher in terms of market cap ranking. FTT is now on the verge of entering the Top 20, whereas little over a month ago FTT was hovering at the number 27 spot. This is a classic example of the shift to quality that takes place in uncertain times. The bear market of 2018 actually saw Binance’s BNB token outperform Bitcoin.
In comparison to altcoins in general, FTX has faired a lot better than most. This is quite clearly visible in the market cap ranking. Either FTX is growing ahead of the pack, or the pack is falling behind. In this particular instance, it is more likely that the pack has taken strain during the recent collapse, while FTX has been more resilient. Signs of strength will further serve to promote the idea that FTX is more of an investment-grade Crypto than the majority of altcoins out there. I wouldn’t be surprised if FTX breaks the TOP 15 by the end of the year!
FTX is an interesting centralized exchange that attracted a lot attention in a short while. For the last 2 years, Binance has been leading the centralized exchanges without a strong rival. However, increasing reputation of FTX may change the rules in centralized exchange ecosystem.
In terms of FTT token, I believe there will be another bull run for centralized exchange tokens as it happened earlier for Kucoin, Binance and many other tokens. Since these tokens have a solid use case like discount for trading fees, there will always a demand on them. Thus, having "some" tokens may not be a huge threat on our crypto portolio 😌
Minimizing Losses as a Crypto Trader by @hive-homeland
Trаding involves a lоt оf psychological efforts, thе temptation tо buy at ѕоmе роint and ѕеll at ѕоmе other роintѕ mаkеѕ thе trаding process rеԛuirе some smart thinking tесhniԛuеѕ tо gеt things properly done.
Scalping Trade
Day Trade
Swing Trade
Position Trade
Trаding саn be really рrоfitаblе but at thе same time, hugе lоѕѕеѕ can bе generated аѕ well. Yоu nееd to rеаlizе thе nееd fоr соntinuоuѕ lеаrning, ѕеtting a ѕtор-lоѕѕ. Bе rеаdу fоr losses on ѕоmе оссаѕiоnѕ because уоu will nоt make a profit on еvеrу оссаѕiоn.
Trader profiles vary from person to person. For the stock market investors, crypto market may look like gamble due to the irrationale things happening quite often. However, we cannot disregard the fact that crypto made thousands of people millionaires with a short time frame.
Among the trade options, I think long term investment, which is also named as HODL strategy, is more for me to make gains from my investment. As a long term investor, I prioritize less risk and decent return in the long run.
How about you lions? 🤓
Important tools for newLions in the leoverse. by @monica-ene
Engagement: A very vital tool in the leoverse.
Been new, you need a quality source of information about the projects and development on leofinance.
This can be achieved easily by visiting other peoples blog, tapping into their wealth of knowledge and asking questions about any vague thing.
Discord: Been on discord and attending the weekly AMM makes your leo journey easy.
There you can interact with older Lions and ask about things you don't understand.
The room to the general chat is always open and I have meet the nicest persons on discord.
Leofinance app,tools and site: This is another important aspect of Leofinance that will help you find it easy to navigate the leoverse.
Check out the leofinance mobile where you can get the latest updates on your leo feeds, important blogs and post you can't afford to miss.
I'm one of the Leo Ambassadors who works on onboarding new Lions and initiating campaigns for LeoFinance team. Here we have a nice content that will be beneficial for new Lions.
We always prioritize supporting new lions to become one of community members to build and grow within Leo Community. Meanwhile, they can utilize amazing products of Leo in Hive and other blockchains 🦁
Stacking Hive: Farming Hive by trading by @cryptothesis
Given that I already have some Hive powered up and that "skin in the game", so to speak, I am throwing in some small amount, not just to buy Hive but to "trade it actively".
This is what happened so far.
Deposited 36.68 USDT to my CEX trading account on 12 May 2022.
Bought 27 Hive on 12 May 2022 at 0.38 per Hive.
Bought 53 Hive on 15 May 2022 at 0.5074 per Hive.
I don't know what will happen. But if my Buy order is executed, I will have 88 Hive based on my capital outlay of 36.68 UST, from the initial of 79 Hive.
This also brought my average cost to $0.42 per Hive.
I find that this strategy works for me because I have no qualms in holding Hive, so extreme dips in Hive in this small bet are not an issue.
Are you trading Hive on crypto markets?
I think we always forget about trading Hive to increase the volume of the trades (which is important for Hive to be listed on many other exchanges) and the price of Hive can be pushed up with more Hive coins being saved from markets 😌
Here we see a nice trading strategy by our author. Actually, I really want to trade Hive and increase the amount of Hive that I have through trading but these days I may not be able to initiate successful trades due to work load and FUD that still governs crypto. However, it is always in my to-do-list to trade and save Hive from exchanges ✌🏼
This post is created by @idiosyncratic1 to curate quality content on LeoFinance.
Hive on!
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