Ever since the APR of HBD was increased to 20% and the Leofinance’s polycub StableCoin yield creation, everyone is having a valid reason to store their HBD in savings. Which is great, because this builds influence and encouragement amongst us and discourages massive sell of HBD. When the APR was 10%, I never found any reason to save HBD, because I felt it was a waste of resources, leaving your money in stable coin that doesn’t increase in value all because of 10% APR. This was majorly because of the other options I had like Binance 10% for BUSD. But the increase to 12% came as a wake up call for me. Showed me that a lot can be achieved with HBD.
First of all, leaving your HBD savings, is healthy, because it has saved you the chance of spending your money unnecessarily. Not only does it do that, it gives you 20% APR, which gets autocompounded every month you claim them. I was reading a post on how a hiver is working towards having a $10k HBD savings goal, and that inspired me. I have been saving my HBD for a long time, I remember when I used to have over $2k worth of HBD in my HBD savings few weeks ago, had to withdraw it for some personal issues. I don’t regret it because that saved me, I mean, it’s called savings for a reason, to save you in times of needs.
So I started my HBD savings all over again from $0 and I am currently on $482. This is a big win for me, and I appreciate the Hive community for the opportunity. The beauty of working so hard to make sure you achieve your financial goal is so great that every moment you stake your HBD in savings you feel accomplished. Imagine dropping HBDs every day consistently and letting it autocompound for years, it’s enough to bring you close to financial freedom.
I was motivated by this fella who wrote about their $10k HBD goal, this is quite huge, but Hube has thought me that nothing is impossible if you put in the work. It’s almost impossible to work hard on Hive and not see any results. Back to $10k HBD, that’s quite lot, especially when you are trying to reach a 10k HP goal like me. I was trying to use my earned HBD here to trade outside the Hive’s blockchain to make more profit. Then bring them back to Hive and buy Hive and power it up. How do I balance the both now?
Well, never say never, I will keep trying my best, whatever goal I achieve, I am sure I will be proud of myself.
Unrelated, but if you are reading this, my 1 year anniversary on Hive is approaching and I don’t know how to show my appreciation. Thought of using splinterlands cards to show my appreciation I hope you guy like it when it’s time.
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That's a great simulus. I have declared that my target to be reached within the end of this year is 10k HP. I want to be "less liquid" and more present here on the Hive Blockchain.
But yeah, the 20% APR on HBD is really stimulating and should make a lot of people thinking on stake something more here into the ecosystem
Yeah, great opportunities why go outside the blockchain for high yield when you have them here. Hive is truly a gem we are lucky to have
Saving HBD is a win-win for all outside the huge APR that it comes with. Being stable is what makes it exceptional.
Hive offers a great lot of opportunities, users now earn 20% APY on saving which is by far better than any tradition banks and finance investment....
Awwwww, Congratulations in advance, but what about those of us who don't play Spliterlands?
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Well, you can just have the cards when it appreciates you can sell them.
Okay, do you play the game?
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I used to, but rented all my cards out
That's a lot of Hbd to accumulate but there's nothing impossible as long as you are ready to do the work.
I'm positive with time and consistency you can achieve that before the year ends.
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Thanks a lot for the encouragement, I hope it becomes a reality soon
Thanks to your post, I know that HBD savings yields 20% now - wow! Yes I’ve been out of the loop, but excited now to start saving more HBD - I like your $10k goal and think I will shoot for the same! I did notice that I stopped getting HBD payouts, but I’m guessing it’s because of the increased APR and change to monthly payouts. Good luck on reaching your savings goal!
Glad to know that this post was helpful, thanks a lot for the encouragement
If you transfer your HBD to the pHBD pool on Polycub you'll get 40%.
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Yeah, I have some there, it’s just a personal goal I am trying to have, I don’t mind putting some later in future
I have another article idea for you. Play around with a compound interest calculator and see what the result will be of this increase in compound interest. Will be a fascinating result. Best of luck with your goal too!
Thanks a lot, I will try that and tag you.
Cheers mate!
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STOPCheck out the last post from @hivebuzz:
I think keeping your post rewards as 50/50 HP and HBD is fine. Use half of it to build your HP and the other half on HBD.
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That’s my journey and so far, it’s going great. Thanks a lot for your comment
That's quite a challenge but I think it's a wise decision.
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