Building HBD Stake and my Strategy

Hello and Namaste Everyone,

I have started accumulating H B D in savings instead of keeping liquid in my wallet. HBD is a stable coin packed with USD and we can say it is a decentralized stable coin. HBD means Hive Backed Dollar and almost everyone at Hive is aware of HBD. I think it's been more than two years and I have not seen any big price drop in this stable coin. It's clear proof that the stablecoin has got great backing from the dollar and there are mechanisms in place that make sure it does not lose its value. There have been some scenarios when I see some price pump on the coin but that did not stay for long.

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My strategy is to build a holding for HBD since the APR is very good. This is not the first time when I'm trying to do this and I have done it before. It was a good choice even in the past because that time also the APR was 20%. I've broken it because of the low hive price. This was done just because the price for high was low and I thought of converting my HBD to hive. This was also a good decision in my opinion because I could get more HP and now I am again trying to build a holding for HBD. Undoubtedly the earnings that we are getting from the HBD holding are very good and I don't think there is any other option offering this type of interest on such a holding.

Last week I shared the overall progress in which I had 103 HBD in my savings. As of now, I have no liquid in my account and everything is moved to the saving. The balance in savings I have is 122.59 HBD. Now whatever I get in HBD as part of the reward is transferred to the savings because this is how I am trying to accumulate more hive dollars.

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In the last week or so I could add approx 20HBD and this is a very good amount for me. I don't know what goal I'm planning to hype as of now but it's just that whatever HBD I will get will be transferred back to my savings wallet so that it starts generating the twenty percent APR. I expect that I'll not be breaking it up for the high conversion but it is completely dependent upon the market situation because having HP is good.

I believe it's very important to chase some goals in the crypto market and I have certain goals that I am working on. I was distracted for some time but now I am trying to be back and focus once again on the same and going to try my best to achieve as much as possible. I always say that my goal here is for the long term which is going to be a few years and not just a few months so you will see my things accumulating for the long term. People expect that we are going to enter in bull run market soon and to be honest, I do not know about it. I'm just a user and not an expert in this market but I'm trying to learn many things along with building a stake in crypto and Hive is the major one.

Thank you so much
Stay Safe

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