I don't want to fight either, but @vocup didn't say anything wrong!
The link to the 2-year-old article that you provided is good, and the info is valid, but it mainly describes how Hive Autoclaim Service works if and when it is activated, while @vocup described how to handle interest claims manually and how to compound it if the interest is not taken out from the savings.
The only thing that @vocup maybe missed highlighting was that 20% interest is a yearly percentage and not monthly.
But the main point is that the funds initially put in HBD savings have to stay there LOCKED for 720 hours(30 days).
Therefore, to stay on the safe side, "Hive Autoclaim Service" is set to claim the interests after 721 hours (30 days + 1 hour).
But if you think that @vocup or I am misleading @intrepidthinker in this regard, you can easily test it on your account.
Your new cycle started just 5 days ago, and so far (at the time I'm typing this) your accumulated interest is 4.298 $, but this amount is not claimable at the moment.
More importantly, if you now move out, any amount from your current HBD savings (1,489.713 $), even just 0.001 $, you will lose all the interest(4.298 $) accumulated by now (in those 5 days), and your new 720 hours (30 days) cycle would start from that point on, accumulating interests according to the amount left in savings.
But, as I said, if you think that's not so, and @vocup and I are both wrong, try it!
Although, I wouldn't recommend you to do so, primarily because I believe that you've been confused by Estimated interest since last payment that shows in your wallet, because those interests are calculated not only every day but every minute or even shorter, but they are not claimable inside 720 hours (30 days) cycle.
How fast this interest calculation actually works, you may see the best in the wallet of @lazy-panda, who managed to put in HBD savings of over 1M $.
Thank you for the support and additional clarifications.
You are right; we were describing the manual process of interest claims. We believe understanding the main process and its functionality is a core base. For that reason and to avoid additional confusion, we purposely skipped mentioning the automation possibility through Hive Autoclaim Service, as it's an extra step and task that should be set properly. If it's not, it would just cause another set of issues and confusion.
However, thank you again for understanding our main point and intentions and for your support!
!ALIVE
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
What you arent undeserstanding is that i never said that the 30 days is wrong! It says in the app: claim in X days…i read again i undestood at first that the claim is automatically which isn’t thats why i sent the link… but then now i saw that he mentioned that compounding is automatic after you withdraw the interest ! The manual claiming works the way i said before… moving any amount of hbd from the account! But the app says “claim” when it is time! However if you dont do any action it will keep growing the interest and no coumpounding happens! I will stop because in my point of view all of us are talking the same thing
LOL - So, if we are all talking about the same thing, then @vocup was actually right from the beginning!?! 😁
And I agree with that, that he was right, although I don't think that we are all talking about the same thing.
I believe that you are still mixing several things.
...that compounding is automatic after you withdraw the interest !
Regarding interests, he said...
By claiming it, they (the interests) would be automatically added to the amount in your savings, ...
And that's true, btw!
So, I think that you are still mixing the following entirely different two things - claiming interests and withdrawing from savings to liquid HBD.
Besides that, you don't have to "move any amount of HBD from the account," as you said, to be able to claim your interests. I.e., on Ecency and PeakD interfaces (after 30 days) non-clickable button "Claim in XX days" would become clickable "Claim" or "Claim interest" button, and by clicking on it you would claim all your interests, but they wouldn't arrive in liquid HBD, they are going to be added to the amount in your savings (just as @vocup described).
So, if one wants to compound it, he/she would keep it and leave it there. After that, the cycle would continue normally calculating new interests on the new amount (the previous amount in savings + just added interests),and without the need to withdraw a single dime!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
Yes he is right, thats why I said we are all in the same page! I got a bit anxious when the user said that I was going to make him lose money and misread his post. And in top of that I admit that I failed to explain the 30 days claim period, which is logical when any front end says "claim in x days" changing to claim the bottom.
But ,yes you move HBD when you click the claim button, even 0.001 HB like the example that I showed about my claim! I moved 0.001 HBD to my savings! And the post that I used as example has the instruction:
How to claim my HBD interest?
To collect your interest, your HBD savings balance must be changed.
Indeed, each time this balance is modified, the blockchain code checks if there is no interest that must be paid and if so it makes the payment.
There are several ways to modify your HBD savings balance:
Make a transfer from your Liquid HBD to your HBD savings.
Make a transfer from your HBD Savings to your Liquid HBD.
Ask someone else to transfer HBD to your HBD savings.
Transfers HBD from your Savings to someone else.
The amount does not matter. A transfer of 0.001 HBD will do the trick
Well, I believe that you got a bit anxious when the @intrepidthinker said that you were going to make him lose money.
But you also have to understand that the initial comment that you left must have been truly confusing, if not misleading, for him.
He couldn't know what you already knew and understood and even less what you think. If he did, he wouldn't "cry" for help with the whole post seeking what-to-do and how-to answers.
I don't want to offend you or make you more anxious, but if you take a look calmly once again at your initial comment, you will realize it was quite shallow and superficial in the way that @intrepidthinker really couldn't know what he is supposed to do.
To withdraw HBD, where from and where to?! - Unclear!
If he by accident followed your advice, understanding it as he should withdraw (at least) 0.001 HBD from savings (to liquid HBD), he would actually lose his currently accumulated interest and stop the ongoing cycle.
We are talking here about HBD 2-3 $ he could lose in that case. Maybe it's not a big amount for you and me, but we don't know if it is a big amount for him, especially if we have in mind places and countries where this is a weekly salary.
I'm sure you just wanted to help, and with that intention, you just posted a quick answer. I believe, in the excitement of the moment, it skipped from your mind that something that already became your common knowledge and understanding doesn't have to be the same for the person on the other side.
Yes it was superficial needed more context for sure! But it is a bit difficult to explain by comments im still not sure if this convo is well detailed for a newbie! Cheers
OMG, man! - That's the "cost" of the claim (interest) transaction, and it's happening automatically (especially on PeakD) - not some extra transaction one should do manually!
yep automatically! but still do! I prefer doing manually but still, it is a movement, I think you are being picky in your argument. It isn't the cost like you said ...it is the movement that makes the interest to migrate to your account! clicking the button claiming or just transferring by yourself cheers =) as I said I asked sorry to @vocup! And hopefully the user understood that he waits until the claim button appears!
Yes, you are right; it's just the movement or allocation (of the funds), and that's why I put the word "cost" inside the quotation marks. 🙂
I understand that you want to be sure that at the end of the cycle, your interests moved to savings, and that's why you are maybe doing that additional transfer, but it's really not needed if you already claimed the interests manually by this or that interface claim-button.
I don't want to fight either, but @vocup didn't say anything wrong!
The link to the 2-year-old article that you provided is good, and the info is valid, but it mainly describes how Hive Autoclaim Service works if and when it is activated, while @vocup described how to handle interest claims manually and how to compound it if the interest is not taken out from the savings.
The only thing that @vocup maybe missed highlighting was that 20% interest is a yearly percentage and not monthly.
But the main point is that the funds initially put in HBD savings have to stay there LOCKED for 720 hours (30 days).
Therefore, to stay on the safe side, "Hive Autoclaim Service" is set to claim the interests after 721 hours (30 days + 1 hour).
But if you think that @vocup or I am misleading @intrepidthinker in this regard, you can easily test it on your account.
Your new cycle started just 5 days ago, and so far (at the time I'm typing this) your accumulated interest is 4.298 $, but this amount is not claimable at the moment.
More importantly, if you now move out, any amount from your current HBD savings (1,489.713 $), even just 0.001 $, you will lose all the interest (4.298 $) accumulated by now (in those 5 days), and your new 720 hours (30 days) cycle would start from that point on, accumulating interests according to the amount left in savings.
But, as I said, if you think that's not so, and @vocup and I are both wrong, try it!
Although, I wouldn't recommend you to do so, primarily because I believe that you've been confused by Estimated interest since last payment that shows in your wallet, because those interests are calculated not only every day but every minute or even shorter, but they are not claimable inside 720 hours (30 days) cycle.
How fast this interest calculation actually works, you may see the best in the wallet of @lazy-panda, who managed to put in HBD savings of over 1M $.
Thank you for the support and additional clarifications.
You are right; we were describing the manual process of interest claims. We believe understanding the main process and its functionality is a core base. For that reason and to avoid additional confusion, we purposely skipped mentioning the automation possibility through Hive Autoclaim Service, as it's an extra step and task that should be set properly. If it's not, it would just cause another set of issues and confusion.
However, thank you again for understanding our main point and intentions and for your support!
!ALIVE
@ana-maria! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @vocup. (2/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
!ALIVE
!PIZZA
!LOLZ
!PGM
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
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@vocup! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ana-maria. (1/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
What you arent undeserstanding is that i never said that the 30 days is wrong! It says in the app: claim in X days…i read again i undestood at first that the claim is automatically which isn’t thats why i sent the link… but then now i saw that he mentioned that compounding is automatic after you withdraw the interest ! The manual claiming works the way i said before… moving any amount of hbd from the account! But the app says “claim” when it is time! However if you dont do any action it will keep growing the interest and no coumpounding happens! I will stop because in my point of view all of us are talking the same thing
LOL - So, if we are all talking about the same thing, then @vocup was actually right from the beginning!?! 😁
And I agree with that, that he was right, although I don't think that we are all talking about the same thing.
I believe that you are still mixing several things.
At first, @vocup didn't say (mentioned)...
Regarding interests, he said...
And that's true, btw!
So, I think that you are still mixing the following entirely different two things - claiming interests and withdrawing from savings to liquid HBD.
Besides that, you don't have to "move any amount of HBD from the account," as you said, to be able to claim your interests. I.e., on Ecency and PeakD interfaces (after 30 days) non-clickable button "Claim in XX days" would become clickable "Claim" or "Claim interest" button, and by clicking on it you would claim all your interests, but they wouldn't arrive in liquid HBD, they are going to be added to the amount in your savings (just as @vocup described).
So, if one wants to compound it, he/she would keep it and leave it there. After that, the cycle would continue normally calculating new interests on the new amount (the previous amount in savings + just added interests), and without the need to withdraw a single dime!
@ana-maria you really have a keen eye! 😄
!ALIVE
!LOLZ
!PGM
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get potential votes from @ pgm-curator by paying in PGM, here is a guide
I'm a bot, if you want a hand ask @ zottone444
@vocup! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @ana-maria. (2/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
lolztoken.com
Whether they like it or not.
Credit: reddit
@vocup, I sent you an $LOLZ on behalf of @ana-maria
(1/8)
Farm LOLZ tokens when you Delegate Hive or Hive Tokens.
Click to delegate: 10 - 20 - 50 - 100 HP
Yes he is right, thats why I said we are all in the same page! I got a bit anxious when the user said that I was going to make him lose money and misread his post. And in top of that I admit that I failed to explain the 30 days claim period, which is logical when any front end says "claim in x days" changing to claim the bottom.
But ,yes you move HBD when you click the claim button, even 0.001 HB like the example that I showed about my claim! I moved 0.001 HBD to my savings! And the post that I used as example has the instruction:
Well, I believe that you got a bit anxious when the @intrepidthinker said that you were going to make him lose money.
But you also have to understand that the initial comment that you left must have been truly confusing, if not misleading, for him.
He couldn't know what you already knew and understood and even less what you think. If he did, he wouldn't "cry" for help with the whole post seeking what-to-do and how-to answers.
I don't want to offend you or make you more anxious, but if you take a look calmly once again at your initial comment, you will realize it was quite shallow and superficial in the way that @intrepidthinker really couldn't know what he is supposed to do.
To withdraw HBD, where from and where to?! - Unclear!
If he by accident followed your advice, understanding it as he should withdraw (at least) 0.001 HBD from savings (to liquid HBD), he would actually lose his currently accumulated interest and stop the ongoing cycle.
We are talking here about HBD 2-3 $ he could lose in that case. Maybe it's not a big amount for you and me, but we don't know if it is a big amount for him, especially if we have in mind places and countries where this is a weekly salary.
I'm sure you just wanted to help, and with that intention, you just posted a quick answer. I believe, in the excitement of the moment, it skipped from your mind that something that already became your common knowledge and understanding doesn't have to be the same for the person on the other side.
Yes it was superficial needed more context for sure! But it is a bit difficult to explain by comments im still not sure if this convo is well detailed for a newbie! Cheers
OMG, man! - That's the "cost" of the claim (interest) transaction, and it's happening automatically (especially on PeakD) - not some extra transaction one should do manually!
yep automatically! but still do! I prefer doing manually but still, it is a movement, I think you are being picky in your argument. It isn't the cost like you said ...it is the movement that makes the interest to migrate to your account! clicking the button claiming or just transferring by yourself cheers =) as I said I asked sorry to @vocup! And hopefully the user understood that he waits until the claim button appears!
Hmmm... 🤔 If it is an apology for a false accusation that we were wrong, we must admit it's hard to recognize one, but we will accept it anyway! 😅
Yes, you are right; it's just the movement or allocation (of the funds), and that's why I put the word "cost" inside the quotation marks. 🙂
I understand that you want to be sure that at the end of the cycle, your interests moved to savings, and that's why you are maybe doing that additional transfer, but it's really not needed if you already claimed the interests manually by this or that interface claim-button.
you also did that!
Well, we are quite sure that we are not. 🙂