The high APR fest in Binance did not last long and it does not make sense now to keep hive there as we can earn more by staking them and earning from curation rewards. If you remember, then I highlighted the high APR of 45% in this post after which many hive users got lured and deposited and registered in their Simple Earn program. I don't go much behind numbers but earning close to 53 hive is what showed up in the report. Looking at the daily rewards it was pretty negligible, so I decided to bring them here and power up. It will also increase my vote value, so that will also allow me to distribute a little more and support others.
Interestingly I almost forgot how to withdraw to my wallet, as Binance kept on prompting for a memo key, so at first I tried with 1 hive, without a memo.
Once it went through, I transferred the remaining amount and they landed in my wallet almost instantly, which I powered up.
Now coming to my strategy for hive, at one point I thought, I would power down and convert them to HBD, as that will give me financial freedom by providing some stable income as HBD interest. However, that would be a reality if hive price reaches a significant level (at least 2$), that would allow me to have significant number of HBD. Some analysts of our chain even predicted hive could reach 20$, and that would probably make each of us rich in this bull run, but unfortunately now no one knows, if we really will have a bull market for alt coins.
However, I am still optimistic and think, we will have some magic by November. So I will probably start powering down 150k hive and have them in liquid to be prepared for any opportunity that may come our way. Given that it takes three months of power down, starting in the 1st week of August makes sense. If things do not turn out magical, then I will power up all stakes again.
What's your opinion on the possibility of bull run for alt coin ? Do you think, we still have a chance to strike through the roof and reach a 2$ price this year ?
And while everything about the price is speculative, one thing remains same - writing my life's blog on this chain won't change - in fact, it will become more intense - the flame has sparkled.
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