Hey All,
Its good when you break rules for a good reason. I had this rule set for myself; where I had a SIP [Systematic Investment Plan] for buying 50+ $HBD on a monthly basis. I started off with this plan in June;2023 where I had 1250 $HBD and now the current status after 3 months is that I have almost 1700 $HBD in savings and another 200 $HBD that I bought today via P2P [Peer to Peer] trade as liquid. I kickstarted the #HBD SIP plan as a step towards achieving this GOAL of having 5K+ in HBD savings that currently gives you a good return of 20% APR at the moment. Incase, if you are not aware of this then please note that on the HIVE Blockchain itself you have this $HBD Savings feature and the APR is defined by the witnesses on HIVE and currently it is set to 20% which is pretty good to be honest. Where on earth you get these returns which are safe and there is no chance of any rug pull or any other sort that you could lose your funds. The funds here on the HIVE Blockchain are safe as long as you have your keys with you and they aren't compromised.
It gives a good feeling when you buy one of your favorite crypto coin and it is some what tied to your financial GOALs. I had this feeling for a long time that if I go via the SIP route of buying $HBD then it is going to take me ages to accomplish this GOAL of 5K+ $HBD in savings. Hence I took a different route to expediate the process of accumulating #HBD. Yes, that is correct - I opted for the option of buying HBD frequently as and when I have spare fiat to pump into my crypto portfolio. Everything that you crave to achieve cannot just come from one source, you need different ways to accomplish it. Had I just been relying on an SIP for #HBD no doubt that I would be able to accomplish my GOAL here but as stated would have need to wait for a longer period of time. No doubt my $HBD earnings were also adding up but it wasn't that much that gave me a relief that should suffice and hence a different route to buying #HBD via the P2P trade was opted. I am glad that I could find some really good friends who are willing to do P2P trade as and when the opportunity strikes and is good for both the parties i.e.; the buyer and the seller agreeing on common terms. Finally, on the 200 $HBD trade, I haven't moved it to the savings account as of now considering the $HIVE price falling and making it a good buying opportunity. I do not want to miss grabbing $HIVE at these levels as well. So, will be waiting for a day or two before I move these funds to #HBD who know is #HIVE falls from here I may even land up buying $HIVE here and powerup all of it....Lets see what happens Next...I'll report back in one of my upcoming posts in near future...cheers
What are your thoughts in general for HBD in savings? Are you stacking up HBD or converting HBD to HIVE? What's your overall strategy for HBD looking like? Would love to hear your views on HBD in the comment box below.... cheers
#hbd #hive #hivesavings #apr #hbdinsavings #sip #peer2peer #p2p
Best Regards
Image Courtesy:: peakd, procanva
