Who buy HBD / SBD, these days? What for!

in #leofinance4 years ago


Today I was just wondering about the use cases of HBD and SBD.

People buy HIVE or STEEM for investing and powering them up. But what do they buy HBD and SBD for?

Have you ever bought HBD or SBD? Why? What purpose did it serve you?

Way back on Steem, I remember, there were several bots for buying paid upvotes. All those bots used to accept only SBDs. But once the SBD printing throttled and stopped, it led to a huge demand for SBD in the markets. Gradually, all bot owners started accepting both SBD as well as STEEM from their customers. That took off much of the buy pressure from SBD.

Once the SBD/USD & HBD/USD peg became unreliable, it lost its appeal of stable currency for acceptance as payment of goods and services.

On the other hand, there are many people who sell their HBD/SBD for HIVE/STEEM or for cashing out.

So I am just a little curious about who's buying SBD or HBD and what for?

Is there really something I'm missing out on?
Please tell me what you do with your SBD/HBD.

Thank you!

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Great question. I don't know the answer but I hope somebody replies with one. I would like to know too.

People speculating that price will go up to buy bore hive and steem.

Posted Using LeoFinance

That's a good one. But that can be done in the internal market itself. Then what about exchange volume?

Can speculative purpose alone make hbd economy sustainable?

(Frankly, the people who buy hbd when Hive is at 10 cents, I doubt if thery really believe in the project and would like to invest when prices are further down ... but may be that's only me thinking that way).

I hope there is more to it than just speculation. But you did throw light on one of the crucial aspects.

Thank you for your input.

I do it for trading in the internal market :)

Thanks to people like you who provide liquidity to the market!

I have to admit that I don't do it for the community, my goal is to make money ;)

Ha ha ha! Still, I'd like to thank you on behalf of the community 😉

Best wishes for making tons and tons of money!