The air is already better at 10K HP.
For those who had been following me, you should know that I barely reached 10K a few days ago.
As a result of that, I can think more clearer. I like to think so, anyway.
This is how my account looks like at the moment:
Barely 5 days, and I am chalking 17 Hive beyond the 10K. This isn't even the power of my full 10K HP curation. But I am liking the seemingly quicker increment of HP. 17 Hive would get me a coffee at Starbucks. Happy with that.
So what is my plan going to be? I am certainly not going to spend the earnings on top of my 10K HP on coffees!
This is my plan:
- To set all rewards to 50% HP and 50% HBD.
- Let my HP grow mainly through these rewards.
- Save HBD rewards for the 20% interest savings account.
Occasionally, I will have liquid Hive coming in, from my dCrops and other sources (that I don't understand!), those I will put them up for sale at a price 20% higher than the current price then.
Supposed if I get 1 liquid Hive today.
Given today's Hive price of $0.38, I will factor in 20% increase, which is $0.456. Then I will set it in the internal Hive market to sell at $0.456.
If it hits the selling price within a year, I would have made the 20% APY HBD is supposed to give me earlier (if I put into the savings when I first got it).
This way I would gain the 20% percent earlier, and then the baby can go into the HBD saving stash to earn 20% per annum of interest.
In summary, this strategy is a way of limiting my risk. I already have the 10K HP in the risk basket just by powering it up, in that if there is a drop or spike I can't sell it fast enough. I am not about to risk my earnings. Not for too long at least.
Getting the extra 20% profit is enough for me. Something I would have gotten if I convert into HBD and leave it in the savings anyway. But with this approach I am proposing, I stand to gain 40% eventually.
Of course, there is the possibility of Hive pumping beyond 20% in the long run, and I may be kicking myself. However, remember I still have the 10K HP in the tank. I would be happy with that stash.
Furthermore, if Hive drops drastically, I can use my HBD to scoop up the cheap tokens. And the kicker is... No, I do not have to wait for my HBD to unlock as I can invest with fresh fiat, and then unlock the HBD from savings slowly to return my own fiat to myself!
Beautiful and simple plan, I think, to make the best of yields from a 10K account. For someone with a smaller account and not planning to inject fresh funds, this strategy could also work, I think, though a 10K HP account would be easier with attracting attention than with a small account.
P/S: This is not financial advice, and please do your own due diligence before investing.
If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.
You might be interested in this post, @graciousvic, @deflacion, @jacoalberts, @young-kedar, @svanbo, @poplar-22 and @hankanon!
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thats interesting strategy, and you dont lock hbd in saving account, so if there is something happens you can sell it instant.
but you lose reinvesting part, every hbd in saving account automatically reinvesting :)
Nope, I put HBD in the savings as part of this strategy. If I need to reinvest that HBD, I will just use fresh fiat first and then withdraw the HBD from the savings later like returning a loan. Might incur some transaction cost, but fine with me.
Thanks for commenting. !PIZZA
Looks like a solid plan to reach a potential 40 percent return. I may copy it!
Hahaha! At your own risk!
Do you think i should keep stacking the HP? Or just keep it to 10k and sell the rest?
!PIZZA
Tough call. I don't know your personal situation. If you don't need the money and you are willing to risk it, then keep stacking. I am hedging my bets and moving my profit/dividends/rewards into HBD. That said, I bought in around $0.60 on average, so it will take a lot for me to recover to the break even point. I plan to spend 2023 trying to get enough HBD to recover. I tracked all of my buys, so I have different amounts of HP to sell at $0.36, $0.60 and $0.85. Once I make it back to even, then I will consider whether to stay in, go deep again, or just move on. Same for Splinterlands. My assets in Splinterlands is underwater. The game developers keep changing things so that assets continue to devalue. Here's an article I wrote a while back that sums up my investment philosophy. Hive and Splinterlands have been bleeders for me since they eat a lot of time. They should be feeders and that is what I am trying to work toward. https://peakd.com/hive-167922/@methodofmad/feed-sleep-bleed-what-category-is-your-investments
Yes, I think you have a point about determining the break even point. I haven’t been calculating that. Something I should do.
I wouldn't need a break even point if I hadn't purchased at the high levels. You are probably already ahead in the game because I think most of your purchases were below $0.35. I think also how we are currently doing in an investment (I'm still down, you are likely up) has more a psychological impact on how we invest in the future. So, any advice I give you is probably biased based on my current position.
Wow! Congratulations for reaching 10k HP!
Thanks! !PIZZA
Excellent strategy, I'm also implementing a similar one in order to increase both the HP and HBD portfolios and enjoy both interests.
I believe your strategy offers many advantages.
thanks for sharing!
Yeah, I was wondering why i didn’t think of it earlier. I think it’s because I was focused on building HP. !PIZZA
You have a good strategy. And I am sure you will do just great. Congratulations on your 10K Mark. That's a good curation reward.
Thank you for the affirmation! !PIZZA
If you stick to this plan, You'll have more savings and more money to spend on your family and friends and that's a great thing to do. Best of luck. I wish you to reach 20k hp as soon as possible. Just keep posting and earning for your hard work @cryptothesis.
Wow, that’s enticing. Don’t plan to shoot for 20k originally but I might just do that. Thanks for the encouragement! !PIZZA
Loving the plan.... What i started doing lately or well from the first of Jan....
When a post paid out... I have it set at 50/50.. So when it pais out and Ive got 10 hbd and x amount of hive ill save 5hbd on savings and the rest converted to hive.... Sooooo thus far the 36 hbd I have in my savings wallet is 25% of what I have made this year... Excluding the 100 usd I will be getting for the last week..
Not too bad ey😅
Not bad at all! The plan gotta be easy and effective, so I think we got that. !PIZZA
Congratulations and I think that is a good plan. You can cover for the HBD to get the tokens you need. There will probably be a few discrepancies but there shouldn't be anything too much.
Posted Using LeoFinance Beta
Thanks for the affirmation! !PIZZA
Thanks for your post @cryptothesis and for the quite big tip you give us here, we are learning slowly but surely about investing in the Hive and enjoying it, if Ok for you to tag us @sumotori when you post we'll be happy to read more of your posts and to follow you!
you are welcome! Have fun!
!PIZZA
This looks indeed like a beautiful plan. Just one question:
Where would you put the Hive liquid for sale 20% above the selling price? (Quote: those I will put them up for sale at a price 20% higher than the current price then) !PIZZA
On this example, I used the Hive.blog wallet page (https://wallet.hive.blog/market). 🤓
Simply use a calculator to get the 20% above the current highest selling price, then manually enter it on the "Amount" field as your price of HIVE. 😏 !LUV !CTP
Thanks, I think I haven't seen this before
!LUV !CTP
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You have learned something new again this time, which is about selling HIVE at a price higher than the current market price. 🤓😆 !LUV !CTP
I think it's rather to sell Hive lower than the market price... !PIZZA !CTP
I don't know why you would want to (learn to) sell HIVE lower than the market price. 🤯😅 !PIZZA !CTP
Why would someone buy Hive higher thnan the market price? !LOL !CTP
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