One of my mentors once told me, “manage your money or your money will manage you!”
So lately I’ve been trying out strategies to manage my crypto rewards over time so that I’m in a better position to take advantage of pumps and dips as they come...
I’m using most of my rewards for account growth right now until I reach some of my crypto goals. But I’m also building different balances that I can have ready for taking advantage of swings in the market.
All of these strategies are more for long term success on these platforms. I’m planning on being here for a while...
Now let’s get into the My Hive Engine Strategy...
My Hive Engine Strategy is gonna be a little different than my other strategies. This time I’m gonna be mimicking a 3 account system. And I’ll be splitting my balances between:
- Tribe Tokens (Leo, Ctp, Jahm, etc...)
- Investment Tokens (Index, Bro, Spi, etc...)
- Swap.BTC
I’m using the hive engine as more of a growth tool for my hive account right now, but it’s still nice to have tokens that aren’t powered up. Just in case I want to take advantage of a move in the market.
And just looking at what’s available on the hive engine, this seems like the best set up for me to grow my account and automate what I’m doing with my rewards when I get them.
Even if I don’t maximize my profits, it’s nice to have a plan for what to do with my rewards, and not have to be thinking about it all the time.
My process is super simple...
- I swap 30% of my tribe tokens tokens for hive
- I’ll take 10-50% of that hive and swap it for swap.btc
- I split the rest of my hive between any investment tokens or comment tokens that I want to buy.
- Then I go back and power up all my tribe tokens
And the plan is to do this every single time like a robot.
But that’s how I’m rocking splitting my rewards right now. If you have any thoughts or strategies you’d like to share don’t hesitate to drop them in the comments!
