Hi fellow Hiveians,
Today I wanted to post a little bit about adjusting my recent strategy for HBD.
Changing HBD Strategies
With the ever fluctuating price of things like Hive and HBD, with the crypto markets overall, I'm trying to do what I can to best poise myself for different scenarios by stacking away things like HBD apart from my Hive Power that I'm constantly adding to. I've been switching things up for a little bit to get different strategies tried out and this one seems okay, so I figured I'd write a little bit about it!
The price action of Hive going down from some considerable highs has an interesting effect on various aspects of our habits, for me thankfully it doesn't affect my writing habits or my engagement, those are pretty consistent across the different timeframe so that's good. What has affected my habits though, is the increase or decrease in Hive price and how I change some things up to factor that stuff in!
We all like when Hive prices are good, they are high and people are feeling great. Things are green but for me, that's an opportunity to do more than just enjoy the increased rewards that occur during that stuff. That is a time when I actually look to save more HBD than I do when the price of Hive is lower. When the price of Hive is higher, nearing 1$ (which we haven't seen in a while, sadly but hopefully sometime again soon!) or over it, I actually don't really sell my HBD and buy Hive, I keep the HBD for the most part and stock it away in my HBD savings account. This post isn't really about that situation though, it's more about the situation that we're in presently.
With the price of Hive lower on the other hand, which we are experiencing these past few months, what I've been trying to do the last 2 months or so is spend most of my time in the early parts of the month buying Hive with my HBD rewards from posts and comment rewards. Right now you get more Hive per HBD you spend which is a big attraction for me right now, since I'm trying to maximize my Hive Power stake in these bearish markets. This has been great because I've been able to power up 100+ Hive a month when it comes to PUD but still also be able to put a little bit of funds away in the HBD savings account.
The thing that I've been trying to do these last 2 months more specifically is spend the first 24 days of a month (with some leeway of course, nothing is ever carved in stone!) stacking as much Hive as I can by selling all of my HBD. When it gets to the 25th day of the month though, I don't sell any more HBD and I start stashing it all away in my HBD savings account! I have been pretty happy with this mixed process, because it allows me to relatively consistently get some good priced Hive, but at the same time have a little bit of a period where I take a break from buying up Hive and still stash some funds away in savings, to take advantage of the 20% APR that we've got right now. I don't know if that 20% APR is going to last forever, and I kind of hope that it doesn't, but I will be taking advantage of it nonetheless!
This bit of an alternative strategy to be able to stack both my HBD and Hive Power numbers has worked out pretty well for me! It has only been a short 2 months of doing it, but I've enjoyed the flexibility it's offered me instead of being rigorously stuck in one flavor of something or another. Being able to hop around a little bit is nice but for me at the moment with my aspirations in mind, it's pretty good for me to be able to get as much Hive as I can so that I can press forward with getting to some milestones! I'm staring down the barrel of 30k Hive Power and although I'm not gunning towards it, blowing apart everything in my path, it's one of those things where I've got a little bit of number bias going on. I just want to attain that 30k! Lol. That will give me a little bit of breath to then see what I can do to shift some things around among some accounts so that I don't have too much sitting on one. I remember a while back, Task was saying that he's working on adjusting around his account valuations and powering down to move stuff over to alternate accounts, so there isn't one giant honeypot that someone can try to steal. Not like they'd be able to steal much, with the powerdown timeframe we've got but that's a different story.
With my strategy here, I'm getting the Hive Power here in good shape but also spreading the love to the account my wife created as well as the account I created for my son. They aren't anything to write home about but it's a good start, and one that's going to keep on growing over time! I'm enjoying giving them a little power up, along with a bigger power up here at home, so that I won't have to go crazy powering down my main account here to move things all over the place to different accounts to add extra layers of security. If you do it out of the gate, you're in better shape I think!
-CmplXty. Real human written content, never AI.
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