I was not able to start saving HBD last year so this year I thought of doing it. Hbd is a stablecoin that is linked with the value of the US Dollar and it has won in the past that it is a reliable coin. We can also call them decentralized stablecoins because this is not managed by any company are entity and it is completely community driven.
HBD Apr is awesome
We know that here we can earn the PR of 20% if we keep our hbd in the saving. Earning an apr of 20% in the real world is difficult where banks are hardly paying between 6 to 7% in India. Another good part is that because it is a stablecoin so we need not worry about price fluctuation. This percentage is very good I would say and a must-go option if you are looking for a source of passive income with no risk and more safety. Undoubtedly it is a safe option to go for because the price is not fluctuating and there are situations when it happens then also the recovery is faster.
My HBD Stake
I have been trying to accumulate all my hbd in the savings and whenever I see some reward then I immediately move it to The saving. I have made it more than 500 hbd now and I will continue to do the same because this is a good option as I only mentioned. I also see that lot of people over here are choosing this option because they know that 20% is something we cannot get outside and that to keep the funds with the lock-in period of just 3 days.
My Strategy and Goal
To be honest I do not have any goal and the only strategy I am following is that whenever I see some liquid HD sitting idle in my wallet I just move it to the savings. I am not sure what amount I should target but I am happy to move whatever I get through the author reward. The amount I have accumulated so far is not a big amount what is still it is good enough for me because I can see the growth in it and over some time it will be bigger. Hope I can make it by few thousand by end of the year. Since I am on it so it will continue to grow and the same is going to be followed.
I see people holding thousands of hbd in their wallets and this is helping them earn a good amount of hbd every month as part of the reward. As I already mentioned that this is a very good option to generate some passive income while keeping almost no risk on the investment. Keeping a balance between HBD and hive power is important and the same I am trying to do.
Thank you so much
Stay Safe
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Congratulations on accumulation. I'm accumulating too.
Accumulating HBD in savings with the current 20% APR is one of the best investment options imo. I'm not able to utilise it but I hope to do so in the near future. Best of luck in achieving a couple of thousand HBD in savings by the end of the year.
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I'm doing the same :) I don't have any particular goals, just a plan for whatever people decide to reward my posts with :)
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Here in PH, banks don't even give you 1% interest 😢 I'm transferring some of my savings here in Hive as HBD savings. This is better than banks really.