Although I don't have a stash of cash anywhere, I've decided to empty my little fiat savings to start buying and powering some hive.
This is because the Nigerian naira against the dollar loses value with each second that passes, and owning it means you lose some purchasing with each day that passes, because you have the same money but cannot buy the same time you bought with it about 2 to 3 days ago.
This cash isn't much as it's not more than $50, but keeping it in Fiat currency will make me lose its value in just a short time. Although at 37 cents I don't know if hive might still dip further, which means if it does then, I might lose some of that initial value, however, if it were to be in Fiat, the loss will be more.
Case-Case Scenarios
I only painted a worst-case scenario, but the best-case scenario is that hive eventually appreciates since I'm powering up some decent chunk of it, using the powered-up stake to keep curating, while earning back my initial investment, keeping the value away from fiat, taking some decent profit from the proceeds of curation, while growing my state simultaneously.
It's like killing three birds with one stone. However, I'll badly like to reach orca status and this is why I've decided to keep buying in trickles and powering up as much as I can, although I cannot completely say I'll be consistent with my purchases, because money is a big issue, but I'll be sure to do so when I squeeze out any cash from any external venture.
Of a truth, I'll like to build two solid real-time businesses with a decent ROI, but my best bet is waiting for the bull market. This is because building these businesses would be life-changing because it'll allow me the opportunity to buy loads of hive when it's the bear market. But I'll need to build these businesses first by taking hive proceeds, but there's nothing bad with fattening the cow, even if I intend to take off it to build something more external.
My lifetime goal is to build at least 300k hive power, I intend to build an external business where the proceeds will be targeted at taking advantage of the bear market every time and taking minimal profit in stable coin and restocking it into hive when the bear market Comes.
It's a long game, but it's a cyclical process I want to continue repeating for as long as I can to get to my goal of over 300k HP. This might take 10 years or lesser, I do not care, the main goal is to build externally and restock hive when it's the bear market.
During the last bull market I spend a little cash on some splinterlands assets, and due to an airdrop I got from GLX, I sold some early and powered up some hive, although I also bought back some GLX, I already saved some hive which I powered up as well. It's great to be compounding.
There are some hive projects I've missed out on like BRO. I think I had the chance to buy in during the bull market, but Instead, I lost some cash buying into some Other assets, no hard feeling.
I think the next bull market should be iconic, as I plan to make some nail-biting decisions. I don't know when the splinterlands market will boom, but since I sold some hive to buy some of the assets, I'm now selling back some vouchers to buy back hive. All roads lead to selling off other fringe assets to buy back hive, because this is the cusp where big things might happen in many months to come.
Hive is ridiculously there for the taking and I think everyone who is hodling at the moment is doing themselves a great favor. So welcome to the game of compounding, hopefully, I can keep buying some hive before the next bull run.
Interested in some more of my works?