How would you react if the 2nd haircut level is reached?

liotes in #tribes • 20 hours ago

How would react if the 2nd haircut level is reached (1).jpg

In today's Liotes Mission, we would like to talk about HBD and the haircut rule. You probably realised that on your posts, you don't get any HBD as rewards anymore. It's because the higher level of the haircut rule has been reached. This means that HBD is not distributed anymore as rewards. There is however the lower Haircut rule at 30% of dept, which means that the peg to 1$ will be lost until the dept level is reached again. This would mean that 1 HBD would not be worth 1 $ anymore. To reach this situation, Hive price would need to drop to 0.036$ according to hbdstats.com.

If the second haircut level would be reached, how would you react ?

Please leave your answer as a comment below this post.

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20 hours ago in #tribes by liotes

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nattosenpai 7 hours ago (edited)

Hi. I had read something about this before, but I didn't know that for the Haircut to reach its goal, the price of $HIVE needs to drop to $0.03.It's practically half of what it's currently worth. And well, if that happens, it will be a hard blow since I've been striving to create and share quality content ever since I started here on Hive (almost two years ago now).

However, I wouldn't fall apart completely, but rather quite the opposite. I decided to be more active this year and have been striving to achieve that goal, but the low price of Hive is now another incentive for the following reasons: First, because I can accumulate and earn more HIVE and HP in author rewards, and second, My account would grow faster now with the price and market correction, since most users who are only active for the money would leave, leaving only those of us who truly create value.

Lately, I've been thinking a lot about the differences between "price" and "value" thanks to this winter season at Hive. My goal before all of this was to become a Dolphin, and I feel that if I give it my all now, I can achieve it by the end of this year if I take advantage of this opportunity. All is not lost, this will only be temporary, it is part of the general market cycle. Just as calm comes after a strong storm, better times will soon arrive after this season.

This is my first time participating in this, so I hope I did well. 😅

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thebighigg 16 hours ago

I think that once price drops below a nickel we won't see much participation anymore, and many will give it up as a dead project. If we hit thirty percent debt and the HBD peg is gone, the party is completely over. I'm not sure things are reparable at that point, and to be honest I worry they may not be now. No one seems to have taken any real steps to cut spending since we hit twenty percent, and the interest rate remains at an unsustainable fifteen percent on HBD. That needs a serious haircut for starters, and then the wasteful DHF needs to be reformed.

Then again, I seriously doubt any of that will happen. I think too many feel the ship is sailing just fine, and panic won't set it until we drop below a nickel.

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