My Saving Strategy in Crypto For Now
There will be times when our financial strategies change and that will happen when we feel that something must be stored as an asset for the future. At first, I didn't really focus on saving in assets other than HIVE. Indeed, when I only used HIVE for monthly living needs with my mother.
At that time, I could say that I had difficulty saving because of my HIVE rewards for taking care of my mother. Now I am grateful that as the price becomes more stable, I can get more HIVE earnings.
Besides that, actually, because I once did the foolishness of selling 10K Hive at a low price, I became brave to gradually exchange HIVE to other forms of crypto assets.
$ETH AND $BNB
I have sold $ETH on ATH at a good profit. So for now, I am choosing $BNB for my long-term savings.
So most of my HIVE income will be saved in $BNB.
I saw and read some analysis in crypto news that $BNB will experience a price increase which will be higher, although later there may be a correction in low prices.
Actually, $ETH is still a favorite choice for savings. It's just because my earnings are not much. So I decided to spend on an asset whose price was not as high as $ETH. This is a great opportunity.
KEEP HODLING #HIVE
Even though I save mostly at $BNB, but I will still #HODL HIVE. There is no doubt about that.
HIVE tokens will have many advantages over what we would expect. This includes an airdrop token from the project that will appear on the HIVE Blockchain. Or, just to add more rewards curation.
If later the HIVE price remains stable by $1 and even more, more people will invest in HIVE and that could increase the value for HIVE.
So, how about you guys? What coins or tokens do you choose for long-term savings? Or do you have a different type of investment?
Best Regards,
Anggrek Lestari
Anggrek Lestari is an Indonesian fiction writer who has published two major books. Now She is a full-time content creator. She has a goal to share food content that makes others happy and can get inspiration for foods that are easy to make and contain elements of health.
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@anggreklestari Informative, guiding and encouraging. I am also building up my interest in Hive!
One thing is for sure, cryptos are here to stay and we have to do wise crypto investments for future.
Best Regards!
Amit
Be wiser because the crypto world is a crazy thing. So risky!
Glad you start to build your HIVE account for the long term. :)
Seems like a great strategy, I might consider exploring more on this now.
Then, be careful:)
U mean to say u exchange hive for bnb? For sure that is a great saving mode considering we all can expect a price rise of bnb, just like eth does to many. I missed to get bnb when it was $20 and now it seems to be very high.
I'm exchange a half of my HIVE stock for BNB. I got the chance when the BNB still not in ATH price.
But I think now still affordable than ETH for saving :)
That's true, there sharp increase in its prices every now and then....I m waiting for next correction to get some
Great mind think alike!
That's just what I did with my ETH and keep more of BNB too.
I mean ETH is good but the gas is killing it!
Another thing I plan on doing is setting aside a bit of HBD gradually into saving as the next HF will give interest only to staked HBD. Hopefully, the interest is higher then it makes sense.
When I joined steemit platform 4yrs back..for nearly 2 yrs didn't know how to diversify my crypto assets.. 😅😅😅
Then gradually I understood the mechanics...exchanged my steem for Dash, Eth, bitcoin etc...
Now with Hive, i am mainly exchanging my hbd to hive, then from hive to usdt...then from usdt to other cryptos.
Building mainly on bnb, bitcoin cash, eth classic, litecoin, filecoin, bitcoin gold and polkadot.
Also sometimes exchanging for some really cheap ones...we never know!
But not powering down any Hive. So basically it's like 50% savings in hive power and the 50% hbd to buy other cryptos.