Hi fellow Lions,
Today I wanted to appreciate how I've been able to set aside some Hive per month for the future.
Monthly Liquid Savings
One thing that I've been wanting to do for a while, but haven't been able to manage it for various reasons and directions that I want to go, is being able to save some liquid Hive! A few months ago, I had a really good month when it came to rewards so I decided that I would make sure to try and make it a point to save a little bit every month, so that I have some liquid assets waiting for future opportunities!
I've now hit the milestone of three months in a row where I'm able to save 75 Hive per month to set aside for future fluctuations! Considering that I am aiming to increase my Hive Power as much as I can over time, I didn't think that I would be able to set aside some assets to be able to take advantage of some swings. The cool thing about making goals for me though is that it has made me have some better restraint and attention down the line instead of what's immediately in front of me the way I was doing things in the past.
I have set myself another small goal, to see if I can do it. After 300, I'm going to aim for 100 Hive a month to set aside! This of course has the possibility of not happening entirely because that assumes that the posts I put out and comments I drop would bring in some Hive through votes. There is always the possibility of not meeting those numbers and that's totally fine with me! I certainly always enjoy when the posts are rewarded but nothing is guaranteed until 7 days from when a post or comment is published, that the rewards are locked in and distributed to our wallets. In that aspect, this is why these are goals. Goals are meant to be something to strive towards and not guaranteed but something that we would like to happen.
I think it's a good time for me to have these goals set aside, because if we do have a decent run up in Hive price, what I intend to do is buy more HBD. During the last huge Hive price spike, I had like 60 Hive or something and what I ended up doing was buying as much HBD as I could, when Hive hit 3$ or whatever it was. That allowed me to get 180 HBD and when the price of Hive calmed back down, which I waited for a couple weeks I think, I ended up tripling my Hive that I exchanged for HBD! That was such an awesome experience, let me tell you haha.
That's what I plan on doing by keeping a bunch of Hive as liquid! If we have good positive price action, instead of selling the assets onto the open market and trying to do something foolish like put it into my bank account, I will absolutely be doing what I can to flip that into more liquid Hive for future power ups and account growth. I know it might not be a good idea to be as heavily invested into a platform as I am with Hive but I see the potential of it doing incredible things in the future. Having the ability to do these things now, while the markets overall are bleeding and crab walking sideways or downward is a great thing. The money is made in these markets instead of in the bull markets. Bull markets is when people are bag holders if they try to buy at the top, hoping for it to keep going up.
I certainly wouldn't mind a positive valuation in the price of Hive but that's not what's important for me at this time. I want to do what I can to make the platform better, through engagement and other positive interactions, so that we can focus on the community and keeping the community strong and growing together. Staking away the Hive Power and maintaining a healthy balance of liquid Hive is one way that I can improve my influence on governance so that we can keep growing and moving forward, rather than going backwards. Over time, as the assets get spread out from the biggest asset holders of Hive and Hive Power out to the community members like myself, the more that we can diversify the platform and decentralize the ownership and governance. This is not a long or easy process but I think it's one of the best examples that we have on the internet right now of how a community can decentralize itself and prepare itself for the onboarding of future users to keep the legacy going.
Keeping some liquid assets in our wallet is a great way to take advantage of these things, and think long-term instead of short term!
-CmplXty. Real human written content, never AI.
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