The air is already better at 10K HP.
For those who had been following me, you should know that I barely reached 10K a few days ago.
As a result of that, I can think more clearer. I like to think so, anyway.
This is how my account looks like at the moment:
Barely 5 days, and I am chalking 17 Hive beyond the 10K. This isn't even the power of my full 10K HP curation. But I am liking the seemingly quicker increment of HP. 17 Hive would get me a coffee at Starbucks. Happy with that.
So what is my plan going to be? I am certainly not going to spend the earnings on top of my 10K HP on coffees!
This is my plan:
- To set all rewards to 50% HP and 50% HBD.
- Let my HP grow mainly through these rewards.
- Save HBD rewards for the 20% interest savings account.
Occasionally, I will have liquid Hive coming in, from my dCrops and other sources (that I don't understand!), those I will put them up for sale at a price 20% higher than the current price then.
Supposed if I get 1 liquid Hive today.
Given today's Hive price of $0.38, I will factor in 20% increase, which is $0.456. Then I will set it in the internal Hive market to sell at $0.456.
If it hits the selling price within a year, I would have made the 20% APY HBD is supposed to give me earlier (if I put into the savings when I first got it).
This way I would gain the 20% percent earlier, and then the baby can go into the HBD saving stash to earn 20% per annum of interest.
In summary, this strategy is a way of limiting my risk. I already have the 10K HP in the risk basket just by powering it up, in that if there is a drop or spike I can't sell it fast enough. I am not about to risk my earnings. Not for too long at least.
Getting the extra 20% profit is enough for me. Something I would have gotten if I convert into HBD and leave it in the savings anyway. But with this approach I am proposing, I stand to gain 40% eventually.
Of course, there is the possibility of Hive pumping beyond 20% in the long run, and I may be kicking myself. However, remember I still have the 10K HP in the tank. I would be happy with that stash.
Furthermore, if Hive drops drastically, I can use my HBD to scoop up the cheap tokens. And the kicker is... No, I do not have to wait for my HBD to unlock as I can invest with fresh fiat, and then unlock the HBD from savings slowly to return my own fiat to myself!
Beautiful and simple plan, I think, to make the best of yields from a 10K account. For someone with a smaller account and not planning to inject fresh funds, this strategy could also work, I think, though a 10K HP account would be easier with attracting attention than with a small account.
P/S: This is not financial advice, and please do your own due diligence before investing.
If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.
You might be interested in this post, @graciousvic, @deflacion, @jacoalberts, @young-kedar, @svanbo, @poplar-22 and @hankanon!