Hello readers,
I hope all of you are doing well in your life and enjoying the day with your family and friends. For those of you who consider yourself crypto enthusiasts and have spent multiple Years in this realm, you have seen multiple pumps and dumps, bulls and bears and do know that crypto is not exactly a bed of roses, I even believe they have more thorns than conventional finance practices. Where generally in the share market, people get panicked seeing just 10 to 20% price fluctuations but in the crypto world, a 10-20% price change is very normal to start a day. So clearly crypto is not for beginners, so most people, especially those who come into this world with a wild wish to make some quick and easy internet magic money, burn their hands the quickest and then curse the crypto world For it.
As a crypto veteran myself, I have also spent almost 6 + years in this world and I literally started from Zero without any investment and glad that today I am able to make a decent earning for my contributions from this world and I have also saved some crypto assets as well, which I want to hold and grow over time. In all these years, I have learned so much about crypto and not to mention I have also made mistakes and poor financial decisions many times and got my hands burned. But those incidents also taught me some valuable lessons and made me a better version of myself. Nowadays I always think thrice before making any financial or investment-related decisions and also for a long time, I haven't invested in anything beyond the Hive chain. My only focus is to increase the 3 assets in the Hive chain - Hive Power, HBD Savings and Leo Power and in today’s post, I will be sharing my progress since the last week and my future plans. So without any further ado, let us jump right in.
HIVE POWER
First of all, I am focusing on building a decent Hive power and my goal is to reach a total of 15k Hive power as soon as possible. I am an old writer on the Hive chain and I have earned a good amount of Hive power for my blogs and contributions, but like many of you, I used to power down my precious Hive Power and use it to invest in other projects. This practice though helped me to put my skin in different projects, but it also cost me in a bad way as I wasn’t able to build a significant amount of Hive Power. Anyway, after realizing my mistake, I have quit powering down anymore since last year and have been keeping all my Hive power rewards in the account. As I shared in my last Financial Progress post, I had a total of 12,778.71 Hive Power in my account exactly 7 days ago and today when I just checked, I felt so happy seeing I have gone a few steps more on my goals and currently has a total of 12,959.28 Hive Power in my account. So in these last 7 days, I have earned approximately 180.57 Hive Power in his last 7 days.
HBD Savings
First of all, for those who still Don't know, HBD aka Hive Backed Dollars is the Stablecoin of Hive blockchain and its value is pegged with US dollars. So unlike crypto coins or tokens which generally possess volatility and frequent price change, HBD acts as a stable entity and its price always fluctuates closely around 1$. Not only that, HBD also has a very interesting investing plan as Locking HBD in a Hive savings wallet can earn you low-risk interest from your HBD. Till now, the APR interest on HBD savings was the industry's best 20% but just recently it decreased to 15%. Now many Hive users choose to keep a portion of their portfolio in the form of HBD stablecoins and I am also one of them. Last week, I had a total of 1192.75 HBD in my savings wallet and right now, I have a total of 1240.20 HBD and I have made this little increase by locking all my HBD post rewards back into my wallet. However, as the HBD interest APR has been reduced by 5%, I am Thinking if I should continue to build my HBD asset or convert it into Hive or other assets. please let me know your opinions on this and why in the comments below.
LEO Power
Last but not least, I am also building my Leo power slowly but gradually. I admit I am not a big Lion, but I wish to hold 15k Leo power one day and claim the Lion status in the inleo.io platform. I have been working on my goal silently for a while and today gladly, I made some Progress by powering up another 150 Leo tokens in my account for celebrating the LPUD event. Right now, I have a total of 11,300 Leo power staked in my account and hope one day soon I reach my goal and earn the prestigious title.
I hope you liked reading about my progress in this post and bless me so that I can reach my goals someday. Let me know your thoughts and opinions regarding this post in the comment section below and I will be seeing you all in my next post.
Posted Using InLeo Alpha
Posted Using InLeo Alpha
Steady and diversified growth on Hive main assets, but also secondary tokens. To make the most of it, this is the way!
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Thank YOu for letting us know about savings in hive to earn APR!!Can I move my powered up hive and move it to my wallet to earn more savings?or should I?I feel like yes...