RE: Three story telling songs for Three Tune Tuesday - Week 101 - 10 HBI shares to be won!

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RE: Three story telling songs for Three Tune Tuesday - Week 101 - 10 HBI shares to be won!

tengolotodo in Music • 2 years ago

Hive is Hive and HP is Hive Power, your Hive Power is the same amount of Hive irrespective of the actual dollar price of Hive.

Ten Hive powered up when the value is 20c say and Ten Hive powered up when the price is 40c is still 10 HP although the dollar value will be 2 dollars and 4 dollars, the HP is still 10.

The only time the dollar amount affects anything is when you take Hive off chain. On Hive it does not matter what the value is, 1 Hive is 1 Hive, where there is a difference is in the Hive Backed Dollar. So for example when we have a love $ value of Hive, then we can get more Hive when we swap our HBD...

Does that help?

2 years ago in Music by tengolotodo

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nickydee 2 years ago

Yes that helps a ton.

Thank you!

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tengolotodo 2 years ago

People get obsessed with crypto prices and Hive is no different.

The bottom line is to take Hive off chain if you need it when the dollar value is high.

When the dollar value is low, that is the time to stake as much liquid Hive into Hive Power as you can, because it won't always be low.

Anyway, you know where to find me, have a cracking well fluffing week, whatever the fluff it entails 😁

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nickydee 2 years ago

Hah. I did power up. Had to or will blow it on art or give it away and I'm supposed to be getting my stuff together financially! 👀

Thanks, T!

It shall entail tunes, my fine fluffing friend! And then some dancing probably.

See you soon! 👣😊

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