Thankfully on HIVE we have many game changers with HBD just being one of them that offers so much in the form of a regular income. Stability and crypto don't often go hand in hand, but when you are talking about a stable coin that is exactly what you expect.
The idea of earning a regular return is not something many of us envisaged a few months ago but with the new increase to 20% this is a no brainer. using stake to make more is something we have only known on HIVE and is still fairly new to the crypto scene.
For many the idea of staking was very foreign as they would blow any profits expecting this to constantly repeat itself. The saying "easy come, easy go" was very much perfect for crypto especially a few years ago when serious gains were made.
Looking at my wallet tonight I will be generating roughly 10 HBD or $10 per month every month. Obviously this is still early days and the stake will be growing fairly quickly month on month as more is added.
Many of us have mentioned about using crypto to subsidise whatever pension plans we have in place with HBD now being the perfect pension plan. I cannot think of something more suited to offering a stable payout monthly if required.
In South Africa the Government pension scheme is seriously rubbish offering a paltry R1700 per month or $110. Terrible when you think many have been paying in for most of their lives and this is the end result. That is 11 x my current stake which has only been growing for a few months now.
The same story applies to the Government Social Grant for those that lost employment during COVID and there are millions out of work these days. The Grant is only worth roughly $20 per month and I am already half way there. Not a living income whatever country you reside in, but this HBD savings is just the tip of the ice berg of what it could offer to millions of people around the world.
This is what I would call the slow and steady route adding $100 each month over a 10 year period. Nothing wrong with this method a sit is the end result that counts. This would generate $700 per month, but then who knows how much that will be worth in 2032. This is something to factor in and why you can never have enough.
I think having targets in mind is a good idea of what you would like to ultimately have as this is a serious part of HIVE's earning potential. 20% being generated and compounded monthly is big in anyone's language.
The opportunity lies in those that have HIVE power as when HIVE goes up to some decent value at some point they could convert to HBD and take advantage of a sudden windfall. This is my plan anyways and why growing HBD slowly for now makes more sense as HIVE is where the value is going to come from affording this huge opportunity.