On 15th of every month I usually claim my HBD interest and push a little more HBD to the savings. Today again is the same day and I'm glad to push 500 HBD to savings. In addition to that I also claimed 19 HBD as interest in the last one month. I'm able to see this value increasing every month which is very good. I once told in my article that I wanted to reach 100k HBD in total. I guess if I keep going like this, I should be able to reach that. A better performing Hive token is also a good sign.
As the price of all other crypto is going down, I thought maybe it would be good to purchase some coins cheap with my HBD. Im not sure if that will be a good idea so, I pushed my HBD to savings. The crypto market is going down in the last one week. This doesn't look like a short term dip and that's why I did not want to take a chance.
Even if it was a short lived dip, I already invested around 1000$ on a few coins that should hopefully give me some decent returns if the market is back to normal. On first of every month I usually power up some Hive and on 15th of every month I move some HBD to savings. Moving 500 HBD is something good I should say.
The main intention here to have a decent amount of HBD in savings is that it acts as a good passive income. Once in a month I will be able to reap a good interest from the savings. If I'm able to make close to 500 HBD some day, that itself will be a great passive income. If I can make close to 1000$ from interest then I think I can call that as financial independence and start focusing my life on other things.
As HBD is a stable coin now, having a good amount of HBD gives 10% APR as set by the witnesses. As long as this stays intact, I guess it makes a lot more sense to keep going with HBD savings alongside Hive power too. Hive power has a small risk factor but not HBD as it is a stable coin and even if there is a dip in the market the price won't go below 90 cents and if there is a huge pump, price won't go above 1.10$.
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Posted Using LeoFinance Beta
dang Rish Bala noice
Thanks Xawi. You too keep saving some HBD and Hive.
Just wondering, what do you think about the Diesel pool of HBD/BUSD? I find that the ARR there isn't that bad but I do wonder if the interest there will be more than putting it into savings.
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Yeah I was also wondering the same. Maybe I'll try it soon and see which one is better.
That's a good investment. Even if the market turn to be in a bullish trend, you are also at gain.
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Yeah my investment here will not change much or get affected if the market is pumping hard or bleeding. That's the beauty I guess.
That's good
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The target of 100K HBD is inspiring. I took an approach to do some math and reach first 3,650 HBD which at 10% APY should give me $1 per day. Next $10 per day and if I reach $100 per day I can say I am free!
Posted Using LeoFinance Beta
Absolutely. In the country I live 100$ per day is more than sufficient to live a decent life. I would be happy if it is even 50$ per day.
Awesome achievement and keep up the good work.
Thank you. Cheers!
With HBD stability, 100k in your wallet would be awesome. I wish you good luck on achieving this target.
Thank you so much. Cheers!
Lets do some calculation.
Based on 10% APY and achieving $100/day,
= $36500/year from the interest
= $365000 in HBD
It is always a good plan to have a portion in stable coins even tho one may miss the 100-1000% rise in certain altcoin values.
Yes absolutely. 🙂
Dang! that's some boss move there.... enjoying them interest rate. Rich bala
Thanks bro. Hopefully this grows bigger. 🙂
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Congrats on that hustle and savings.
Thank you. 🙂