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Has the Interest Rate Cut Reduced the Balance of HBD in Savings | Data on HBD in Savings, Interest, Trends, Share and Top Holders | Oct 2024Just recently, back in August 2024 the HBD interest rate was cut from 20% to 15%. The interest rate is determined by the witnesses as a median from the individual top 20 and the majority of them are now
RE: Has the Interest Rate Cut Reduced the Balance of HBD in Savings | Data on HBD in Savings, Interest, Trends, Share and Top Holders | Oct 2024To be fair, this distribution in holdings of HBD is AMAZING. Its shows that almost everyone on Hive is long Hive and doesn't want to hold HBD even at a 20 or 15% interest rate. That is insanely bullish
RE: Has the Interest Rate Cut Reduced the Balance of HBD in Savings | Data on HBD in Savings, Interest, Trends, Share and Top Holders | Oct 2024Well idk about anyone else but it seems like everything is pretty much the same with a lot less inflation on HBD. I suspect you could go to 10% and nearly see the same thing. Personally I would like to
RE: Has the Interest Rate Cut Reduced the Balance of HBD in Savings | Data on HBD in Savings, Interest, Trends, Share and Top Holders | Oct 2024Thanks for confirming this. It makes sense that we wouldn't see a mass exodus from HBD on a 5% cut because there isn't really a better place to park that value at the moment. 15% is still quite good and
RE: Has the Interest Rate Cut Reduced the Balance of HBD in Savings | Data on HBD in Savings, Interest, Trends, Share and Top Holders | Oct 2024I had no doubt the drop in the price of Hive is a key player in the drop in HBD interest rate and amount in savings. I just hope the horizon gets brighter and Hive's price gets its head out of the pit.
RE: Has the Interest Rate Cut Reduced the Balance of HBD in Savings | Data on HBD in Savings, Interest, Trends, Share and Top Holders | Oct 2024I believe that HBD in savings will increase when the price of Hive go up and this is because people will want to take some profit and save up HBD so that they can enjoy the 15% interest.