We are here again today, discussing on another weekly prompt from #indianunited. If you didn't see the post, check out here:
@indiaunited/indiaunited-new-contest-and-last-7af84b1d12ba8
Hive is one good platform that renders many opportunity for earning and growing. So being in a platform like hive, I think one has to develop a strategy so as to help him or her grow. I have a very simple strategy which I try to develop my account with.
Whenever we receive a pay-out notification, we always have these rewards come into our two (2) wallets: Hp wallet and liquid hive wallet ( as payment in HBD as been discontinued) . So to me generally, what I do is that; I will leave some hive in liquid form, while the staked hive will still be staked.
The hive I leave in liquid form, are kept for a while to be staked periodically, while some, I cash-out. Before now, I love leaving my rewards in HBD, because, sometimes rewards in HBD feels secured. And if I would have to stake them, I earn extra rewards from the 14% APR.
At the moments, things have really changed here and it's difficult just leaving hive token in wallet, without earning yields. I mean; it's completely difficult, because if prices depreciate, the token might gradually become worthless and you are not increasing the quantity by earning yields either.
So, I prefer staking periodically to improve my hp and sometimes cashing out or swap to Hbd. but swapping to hbd isn't that frequent. I don't really know if my strategy is that perfect, or do I need a better strategy to run my account and improve my hp?
I think that really depends on the rewards I earn, which can enable me to stake like daily. little, little amount daily can help grow account. Another strategy I would love to employ is weekly buys. Buying a small amount weekly to add to my daily rewards. That can also greatly help . Humm! Am not sure there is a perfect strategy to use in approaching this account growth.
What do you think?
