It's the first day of the month and it is the day when the community is powering up more hive coins. Holding more hype in his staked form is called hive power and everyone wants to have as much as hive power possible. We can convert the liquid tokens to power immediately but getting it back in the form of liquid tokens takes thirteen weeks. You may say that this time is long but it's good considering the fund's safety. I was not able to power up on the first of January because I was even vacation and not active much at that time but this time I am available and I can't miss this opportunity to add some power to my wallet.
I have powered up 105 hive today on HPUD. I'm not sure what my mom's requirement is to be eligible for the event by hivebuzz and I also post sometimes with 100% power up so this way I am growing my HP. It's good to have as much as hp possible and hopefully, I should be able to make it 25K this year. I believe in this amazing platform for the long term and I want to build s stake for some passive income in the future. I can pay for my daily expenses and I'm not at all dependent upon this income so this is why I continue to accumulate. I expect that it is going to be very valuable in the future and this is why now is a good time to build the holding and a better stake.
This is my current HP holding and I have 23350 HP at present. I'll continue to build and I expect that by mid of this year, I should be able to make 25K in total. Again I cannot predict how things will be in the future because sometimes what I expect does not happen but in the worst-case scenario I can expect myself to have 25K HP by the end of this year.
This is the growth for my account where you can see that this bar is going up continuously and I will ensure that it followed the same pattern in this entire year.
I wanted to build HBD holding also but because the price for high was low so I sold off my HBD for high to get more tokens. I have done it multiple times in the past whenever I see the lower price for high but I never could get back when I sell off high for HBD. I want to have a decent holding for HBD also because it generates 20% of APR but with HP we can get about 10% only. I will be converting some HP to HBD once the price is good because this will also give me some good rewards as 20% is very good and I don't think it is as easy as we can earn here on this platform just by locking the HBD on the savings option.
I have seen many people participating in this event today I am going there HP by powering up high which is very good. It also reminded me that I should also participate and here I am with my participation in power-up because I want to support the event and hopefully more people will be participating in this fantastic event.
Thank you so much
Stay Safe