Hello friends and Hivians. First off, Happy Valentine's Day 💕 ❤️ to everyone. For the lovers out there, that celebrate it, I hope you have a splendid day with your companions. I'm here today not to talk about love for someone else but my love for Hive. So I will talk about my recent Hive transactions which not only gave me a bigger share, but proof I believe and love Hive.
Well I was blessed this year as far as tax refunds go. Last year I over paid in taxes, so hence the refund. For my delivery driving part-time job I have no employer, I'm considered an independent contrator more or less. I'm solely responsible to pay taxes and Medicare all at once during tax season. I combat this by taking out for additional taxes from my full-time job through out the year. Since I didn't drive as much as past years I got quite a bit more back.
I am going to get three separate tax refunds this year. Since I live in one state and work in another I pay taxes for both states. I usually get most of them back in the state I work in. The third is for good old Uncle Sam, the Federal government.
So I have decided to take some of those refunds and bring it to Hive.I went ahead and bought me 2000 Hive. How do I feel about it? It feels damn good 😃 Now I'm a little bigger Dolphin with some more weight. Also I'm that much closer to my 10K Hive Power goal. So what did I do with that 2000 Hive? Let me show you.
My PeakD Wallet before transactions
Some of the transactions I made
My PeakD Wallet after all transactions were made 😁
I decided to do a 50/50 split, half to powering up and the other half to HBD savings.Now I should recoup the fees I paid in a short while via interest. Of course a bit quicker I think with HBD interest. This is the second time I brought funds into Hive. I will say this time was a lot smoother and quicker.
The buying process was really quick this time around. A few clicks and I had it. Once I had it, the first thing I did was power up 1K of Hive. Than I swapped the other 1K of Hive to HBD. Once that was completed I moved the newly acquired HBD into savings.
What is my aim for building up HBD savings? It's not a safety net for me to use when I need funds. I try to do that off chain with other assets. So the savings is there for rainy day when I can take advantage of lower Hive prices to build even more Hive Power.
Why invest my own money in Hive? It's pretty simple to me, I love this space and I'm a believer of the potential here. Growing your Hive Power is two fold. One for yourself and one for everybody else! I feel the stronger your vote the better you can be for the chain. Of course that's not the only way to add value. The bread and butter of Hive, I like to call it, is reading, writing and engaging. I do have to say another component which I wish more did is building thier stake here.
Will I invest more of my own funds into Hive in the future? There's no doubt I will and it will be sooner than later. Look for it soon as I have one more tax refund I haven't received yet. I am into continuing to build my stake and unfortunately I can't write as much as I would like to. So investing is just another avenue I can take.
A little bit of a warning a small rant is coming. I guess my love for Hive can strike a nerve or two at times. Now I know not everyone can afford to invest thier own funds into Hive. But for those who use thier rewards as a work paychecks, I'll be honest aren't helping and have little value to the chain. I just believe it should be for the long run so many of us can benefit from it too. Now I'm not saying to take no Hive out, but one should at least have a stake that has some value. Just my opinions for what they are worth.
I have come to an end of this blog. Many others thoughts turning in my head but I don't want to get anymore off track on the subject I present you with today.
Take care,be safe and I wish you all well. Until next!