Yesterday I saw a strong drop in the cryptocurrency market. I expected a strong cryptocurrency correction after the adoption of the Bitcoin ETF. And exchanged part of HIVE for HBD for $0.36. I will hold these funds at 20% interest until HIVE is worth $0.10. Then I hope to buy more than 100 thousand HIVE.
Yesterday I earned about 50 HIVE on the HIVE-Engine exchange and passive income from HBD, the ZING pool and delegations brought me about 50 HIVE. It was a good trading day. In my country, few people have such an income.
With 100 HIVE, I can afford to buy 33 1 kg soup chickens or pay for 2.5 months of electricity or buy 100 kg of potatoes. Or I can buy 62 bottles of beer, 0.5 liters each. In general, this is a lot of money.
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I'm thinking of buying more HBD a little at a time to increase the interest income by more than 20% per annum. If we never see HIVE at $0.10 again, I'll see compound interest in action with my HBDs. Warren Buffett showed us over several decades what a miracle it is - compound interest.
I calculated on the compound interest calculator how much profit a deposit of $5,600 would give me over 360 months at a rate of 1.666% per month.
I will earn over 2 million dollars in 30 years! Despite the fact that the initial investment will be only $5600.
By the way, in the Hive ecosystem you can experience the power of compound interest and not over such a long period of time. What if I wait not 360 months but only 360 days. For this I need a ZING token and a HIVE/ZING pool.
I put 100,000 ZING into the HIVE/ZING pool and have a daily profit of 1,150 ZING. This is approximately 1.15% profit daily. I reinvest this amount every evening and now I’ll try to calculate what the amount will be in 360 days (assuming that the percentage in the pool does not change).
I calculated that in 360 days my 100k ZING will grow to 6 million ZING :) These are just some miracles, friends! Let the percentage of profitability in the pool change downwards, but it will be interesting for me to watch the growth of my ZING in the pool even over a short period of time.
And now I’m thinking about what to do with LEO. I will probably buy all LEO straits below the price of 0.135 HIVE. And I will invest part of the profits into the power of LEO.
Posted Using InLeo Alpha
I dont think hive will go down to 0,10$
Can Bitcoin fall from 48 thousand to 16 thousand?
Not yet
IMPRESSIVE compounding with the actual numbers!
thanks for sharing.
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@urrirru! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @hivecurious. (8/20)
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