Hi fellow Hiveians,
Today
Personal HBD Strategy
I wanted to try and formulate an interesting strategy for the next couple months at least, to try and maximize my HBD in savings while the price of Hive climbs.
I know that it's important to be able to grow things in different manners and adjusting the strategy for growing my HBD and Hive stake here is one that is ever fluctuating with me, which isn't necessarily a bad thing!
I've looked at various people here on Hive and Leo and how they've grown their respective stakes in HBD and Hive in different ways. Some are more aggressive and will throw everything into their HBD stake for a few months and slowly grow their Hive stake while others completely ignore the HBD side of it and grow Hive as well. I'm in a bit of a bind between both of them I think, in that I want to definitely grow my HBD stake but I also don't want to ignore my Hive stake!
Growing HBD is pretty attractive for sure, with the 20% APR that it's offering currently and the relatively low fluctuation that it has in price so you can bet that your HBD is in decent shape regardless of the market conditions to a small extent. There is someone here on Hive, the name escapes me, that has 600k HBD staked in their account. That's fucking INSANE LOL I don't know if I would be scared shitless to have that much HBD overall, never mind that much HBD staked in a single account! I would be so nervous of my keys if that were the case lol. I guess the good part about the HBD savings account is that it's stuck there for 3 days so if someone were to get your keys and withdraw from savings you'd know pretty quickly if things were going down and perhaps cancel the withdrawal.
Back to the point of the post though, I'm trying to come up with my own blended solution for how I want to grow both my HBD stake as well as my Hive stake here on the platform. I've come up with a few short bullets about what I think I'll be doing for the next few months until I reach what I'm thinking is about 500 HBD, if I can manage that.
I would like to get to 95 hive liquid for PUD to power up my account and some others that I've been doing, then the rest would go into HBD. I think this is a decent and manageable goal for me to be able to do, as it's not outlandish at this current stage for me to earn enough HBD to sell it and get to 95 liquid Hive. 75 of that Hive is going to be powered up to my main account here and then 10 Hive to the little man's account and 10 hive to my wife's account. That way I can grow a few accounts, albeit in small ways, over time.
What I like about this methodology that I'm trying here is that it's easily adjustable to the price fluctuation of Hive and other assets. If the price moons then I would downward adjust the Hive to 70 hive and lower as time goes on. As much as I would like to see Hive moon so that we can take some profits in some ways, I wouldn't mind if it stayed around the levels it's at now or go a little bit lower. With the upward trends of the markets right now though, there's not a likely chance that the price of Hive is going to go much lower than .40$ which isn't bad for the people on here that rely on Hive as their income! I know some of my friends on here like Daltono rely pretty heavily on their Hive income, though he's got another job which is good for him.
In the end, I of course would like to maximize my HBD this year and get as close to 1,000 as I can get but that's more than a pipe dream at this point. I know it's still early and it's only the end of February but I don't know if there's a lot of chance for me to get to 1,000 HBD in my savings account lol. I don't mind that though because although it would be nice to see those kinds of numbers, I think it's more important to grow my Hive stake in a steady fashion than it is to grow the HBD stake. With Hive, it's a long term investment that will stay staked as Hive Power but HBD will be something that can fluctuate for me, if I need to pull some out to get something I won't hesitate to. For me though the things I would be pulling the funds out for would certainly be focused on internal Hive things, not cashing out to fiat or anything. My Hive and HBD stake is strictly for this environment here and maybe purchase a little bit of Bitcoin here and there if I can swing it.
-CmplXty. Real human written content, never AI.
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