I like having an upvote that is worth two cents. This way I can upvote comments and posts by unpopular accounts and still get a payout.
Last month, when HIVE was trading $0.057, I decided to $60 to Coinbase. It takes 5 business days for the transfer to clear. I bought some LTC and transferred it to HIVE engine.
I started buying HIVE just before that early May pump and decided to delay my HIVE purchase. Anyway, I completed my purchase today and staked 806 HIVE.
This brings my HIVE stake to 7,649 HP. HIVE Block Explorer says that my 100% upvote value is worth $0.0212.
This $480 figure has been fairly consistent through the HIVE-ages. One needs about $480 in HIVE power to have a two cent upvote. It is better to have $500 in HP to be certain.
One way to play the HIVE game is to cost average to maintain a given vote value.
The problem with this strategy is that HIVE has a history of nose diving. Users cost averaging to maintain a vote value helps stabilize the token.
Since I borrowed this $60. I set a power down of 10 HIVE a week.
Unfortunately, HIVE is still paying an outrageous interest rate on HBD. This interest gets converted to HIVE and pushes the price down.
I see that we've lowered the interest to 12%. That is still an onerous burden on HIVE. Even at 12% we are paying more than a million HIVE a month to service the HBD debt. Since the HBD interest does not provide a tangible benefit to the blockchain, the ideal interest rate is 0.
NOTE: I also bought some WAIV, CENT, CCC and POB during the roller coaster ride. I how have an even 50,000 CENT
The Night Cafe Image shows a boy buying a ticket to a roller coaster ride as I feel it conveys the swing in the price of HIVE that took place in May.
The trailing image shows the power up transaction.
