I've been putting all of my liquid author rewards directly into savings upon payout since November. Should hit $1000 tomorrow :).
I dedicated most of this post on that topic a few days ago explaining My Hive strategy for 2022.
First of all, I made a few "simple rules" so that I can just follow them without needing to stop and think all the time:
I’ve set a few ranges for what to do with the HBD based on different HIVE prices:
$1 HIVE + : Move all HBD from post rewards to HBD Savings account to earn interest
$0.5-$1 HIVE: Move 50% of the HBD from post rewards to Savings, and use the other 50% to immediately buy HIVE off the internal market and Power it Up.
Sub $0.5 HIVE: Buy HIVE with 100% of liquid rewards and power up as well as withdraw HBD from Savings and start buying HIVE off the internal market.
Whether to go further than that and buy HBD with other crypto holdings to save it for interest would depend on a few other factors such as:
- What do you think is the likelihood that we're heading into a Bear market Vs continue in a Bull market for crypto generally? If the first, then getting interest on a stable coin while the Bear market goes on is obviously better than holding let's say BTC or ETH.
- How exposed are you to crypto before? And if too much, are there good reasons (like taxes) that would make you benefit from delaying the sale of whatever you think you have too much of to diversify? If so, HBD savings can be a good way to diversify and lessen your exposure to crypto volatility.
So it's not only about where HBD and its return are at. It is also about where you and your portfolio are at.
But having some crypto reserves in HBD earning interest that can be a hedge against a market correction, and then be used to buy dips, is probably a good idea if you have quite a lot.