Plan to $5K HBD In Savings & Earn 20% APR - My Strategy for $HBD...
Hey All;
Off lately, I have been focusing on increasing my HBD stake and have been transferring all the HDB to the savings. So far, I've $1171+ HBD [Hive Backed Dollar] in HIVE savings and at the same time have converted most of my $HIVE for HBD. As I have set this GOAL for $HBD of having 5K+ HBD in savings, I am planning to redirect my earnings from different Hive-engine tokens to HBD. To name a few of the tokens that will be contributing to growing my HBD stake are::
- VOUCHERS
- SPS
- BEE
- BXT
- GLX
- LEO
Strategy for Building $HBD 5K+ Stake....
The point that I'm trying to make, here is that I'm leveraging my different token earnings here on the hive-engine, converting to HBD, and then transferring it to HBD savings.. reaping me 20% APR. Right, now I was not touching most of the tokens and was redirecting in building my stake i.e. was staking further. But now I feel that I should change my strategy a bit and accumulate more of $HBD in savings. As an example I get close to 350 SPS tokens daily via different rewards like staking and for HOLDing in game assets - which are all being redirected to the $SPA staking pool. Now that I have build a solid stake in $SPS, I would now like to leverage my earning here to build my $HBD stake. The plan is to redirect some of the earnings here and use this as a main weapon to enhance my stake in HBD savings. Along with $SPS, I'll also be using my other passive income streams here on the HIVE Blockchain to get me as many $HBD as I can and stake them all.
Powered down HIVE to convert to HBD - NO
The other plan that I have opted to get to 5K+ HBD to savings is to redirect $HBD rewards to HBD savings. I have been doing this for a long time now and will continue to the same until I reach the 5K+ mark. The other question that immediately comes to mind is that should I power down HIVE and convert it to $HBD? I know that is not the best of the way but somewhere I feel that it could be the right move to have some of the HP converted to HBD. But for now I'll not be doing so and rather will be looking for other opportunities to BUILD my $HBD stake and not touch HIVE POWER for now.
Currently, I have close to 68.5K+ HP, so will not touch it for now. Maybe if $HIVE pumps i.e. trades above $0.75 cents then I may think of revisiting my plan and see if I could convert some of the Hive power to $HBD. That's the plan for now. I've close to $5K+ lying in the $BTC-$CACAO pool on Thorswap Finance and could also some of the earnings from this pool to redirect to $HBD.
For now, I'm going to keep the funds there itself and if there is a spike in my Holdings there on Thorswap then would definitely take the advantage and redirect my profits to buying $HBD.
SIP in $HBD via P2P trade...
Finally, I am also looking out for opportunities where I did like to do an SIP aka Systematic Investment Plan for $HBD as we have it for mutual funds. The intention here is to keep buying $HBD every month via the P2P peer to peer option and grow my HBD savings account. I would be exploring this option and if I get some good peers who would like to trade their $HBD for fiat then my plan is to at least start with buying 100+ $HBD every month and see how it goes and accordingly act if I need to further increase my P2P trade limit to accomplish my GOAL for 5K+ $HBD in savings.... cheers...
Plan to $5K HBD In Savings & Earn 20% APR - My Strategy for $HBD...
Best Regards
-0
Image Courtesy:: peakd
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Let me know in case of p2p sip ...I may pitch in for a good deal every month...almost 50hbd each month.
great, lets connect on discord. Definitely would be interested in p2p for HBD.. cheers
Great..👍 not much active over discord ..but I m mostly available in IU server..Will catch up
aha this is really great sir ji. HBD saving is really worth investing in.
!giphy great
!PIZZA
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Cool ... I hope it works good out 🤗👌👌☕
I have been looking at the whole powering down to convert to HBD savings and I am wondering why more users are not doing it. It has a larger ROI but I know waiting for Hive to increase so you get a better conversion is the key but not sure if Hive will hit above 50 cent in the short term. I guess anyone that has a serious amount of HP in the game is dedicated to Hive and post regularly and have a decent upvote. So they get it back in return when they post so there is a hesitance to touch their well earned HP. I am not sure but I am thinking about powering down a couple of thousand and putting it into savings
That is reaaaaallyyy a big plan for people like me. For now i will stick with 100 hbd per month goal :D