Hello friends and Hivians. First off, Happy Valentine's Day 💕 ❤️ to everyone. For the lovers out there, that celebrate it, I hope you have a splendid day with your companions. I'm here today not to talk about love for someone else but my love for Hive. So I will talk about my recent Hive transactions which not only gave me a bigger share, but proof I believe and love Hive.
Well I was blessed this year as far as tax refunds go. Last year I over paid in taxes, so hence the refund. For my delivery driving part-time job I have no employer, I'm considered an independent contrator more or less. I'm solely responsible to pay taxes and Medicare all at once during tax season. I combat this by taking out for additional taxes from my full-time job through out the year. Since I didn't drive as much as past years I got quite a bit more back.
I am going to get three separate tax refunds this year. Since I live in one state and work in another I pay taxes for both states. I usually get most of them back in the state I work in. The third is for good old Uncle Sam, the Federal government.
So I have decided to take some of those refunds and bring it to Hive.I went ahead and bought me 2000 Hive. How do I feel about it? It feels damn good 😃 Now I'm a little bigger Dolphin with some more weight. Also I'm that much closer to my 10K Hive Power goal. So what did I do with that 2000 Hive? Let me show you.
My PeakD Wallet before transactions
Some of the transactions I made
My PeakD Wallet after all transactions were made 😁
I decided to do a 50/50 split, half to powering up and the other half to HBD savings.Now I should recoup the fees I paid in a short while via interest. Of course a bit quicker I think with HBD interest. This is the second time I brought funds into Hive. I will say this time was a lot smoother and quicker.
The buying process was really quick this time around. A few clicks and I had it. Once I had it, the first thing I did was power up 1K of Hive. Than I swapped the other 1K of Hive to HBD. Once that was completed I moved the newly acquired HBD into savings.
What is my aim for building up HBD savings? It's not a safety net for me to use when I need funds. I try to do that off chain with other assets. So the savings is there for rainy day when I can take advantage of lower Hive prices to build even more Hive Power.
Why invest my own money in Hive? It's pretty simple to me, I love this space and I'm a believer of the potential here. Growing your Hive Power is two fold. One for yourself and one for everybody else! I feel the stronger your vote the better you can be for the chain. Of course that's not the only way to add value. The bread and butter of Hive, I like to call it, is reading, writing and engaging. I do have to say another component which I wish more did is building thier stake here.
Will I invest more of my own funds into Hive in the future? There's no doubt I will and it will be sooner than later. Look for it soon as I have one more tax refund I haven't received yet. I am into continuing to build my stake and unfortunately I can't write as much as I would like to. So investing is just another avenue I can take.
A little bit of a warning a small rant is coming. I guess my love for Hive can strike a nerve or two at times. Now I know not everyone can afford to invest thier own funds into Hive. But for those who use thier rewards as a work paychecks, I'll be honest aren't helping and have little value to the chain. I just believe it should be for the long run so many of us can benefit from it too. Now I'm not saying to take no Hive out, but one should at least have a stake that has some value. Just my opinions for what they are worth.
I have come to an end of this blog. Many others thoughts turning in my head but I don't want to get anymore off track on the subject I present you with today.
Take care,be safe and I wish you all well. Until next!
I also invest my own money in hive because i love this space too but i only invest in HBD savings.....
Every little bit counts. Adding interests from savings to HP not a bad move.
Yes but last year I added some fiat money into binance and then converted into hive and added it on hive Blockchain 😃
That's good as well I didn't add funds until September(??)of last year. Now don't get me wrong I would prefer to be more consistent in the writing department and build my stake that way. Somehow injecting money has got me more eager to write. We shall see how that works out, hehe.
I also focus on writing posts now 😝
Oh wow what a move! It's great you got some tax refunds and you really believe in Hive so much and it will grow more thanks to you my amigo! Congrats! 😁👏
Happy Saint Valentine 💝 again and happy weekend!
!LUV
!HUG
Thanks Amiga :) I find it so much fun growing here and thinking about long term growth. It's also fun seeing others like you growing well and keeping a good stake. Happy Valentine's Day to you as well and have a great weekend ahead.
!LUV
!HUG
!HUG
!INDEED
(1/4) sent you LUV. | tools | discord | community | HiveWiki | <>< daily@duvinca, @coolmidwestguy
(2/10) sent you LUV. | tools | discord | community | HiveWiki | <>< daily@coolmidwestguy, @duvinca
Awesome dude! Super excited to see this type of power up! I've done this a few times over the years and it helps so much in terms of growth but also making sure that we invest in the platform we believe in and spend so much time on. It would be nice to invest more but doing this is a huge step in the right direction!
Solid idea mixing it up with the Hive Power and HBD savings! I think it's good to do both for a while and get both benefits. If there is a dip in Hive you can turn that HBD into some juicy Hive! I cashed in a few hundred HBD when Hive hit .16 or so, and that was fantastic to add to my stack!
Keep on building man, really happy to see this progress you've made!
Thanks it felt so good and right! Yes we think a like on HBD savings. Take a little of both along the way and wait like a hungry tiger to pounce when the opportunity is right. Hoping the coming weeks are good for me. Go to Vegas soon maybe luck turns into more Hive 😆 Now not going for that reason but I'll gamble a little I'm sure.
Lol don't gamble too much, gotta save that money for next years refund and potential power up! :D
Yeah HBD for me is for sure a vehicle to get more Hive Power! Stack it when the price is crab walking at a level like it is now, and then pounce when it goes down!
Well done on building your account, I'm sure you get to double dolphin this year by with no problem!
Thank you this was a bigger step for me. Absolutely love it here and get excited looking foward.
The bear market market was an opportunity to stack, only if I had available cash 😭
Congrats btw
And happy Valentine's day ☺️
Very true I was only able to capitalize a little bit awhile ago. Now I'm in a better position just have to wait for when, hehe.
Thany you and Happy Valentine's Day to you💗 Is your niece your Valentine's, hehe?
!LUV
!LOLZ
(2/4) sent you LUV. | tools | discord | community | HiveWiki | <>< daily@jane1289, @coolmidwestguy
That's how you do it! Take them tax money back, and convert it to crypto! 😃
😂 😎
Yes sir! Why buy things that you need to keep replacing? Though some will go to that, haha..
Nicely done! 2K Hive is a nice chunk! You really increase the old HP for sure.
Now just let the other 1k kick up some interest while I wait for Hive prices to drop to get even more. I just might be at 10K a lot quicker than expected.
This is good news! I'm glad you're building your account, man. I'm buying Hive with the extra cash I have. I prefer Hive over HBD. I actually invested in HBD for a while, but not for a long time.
Thank you. I like Hivr bettet as well. Ultimately in the end it will all be Hive 😃
Awesomeness! That's a good move. Kudos to you for building your stake. It wouldn't be long and you will be at 10k HP.
Thank you and yes I may have a new hp goal really soon 😁 It will be fun having 5 digits of Hive Power!!
It sure will be. Enjoy the journey toward it :)
Simply extraordinary! Your ability to communicate complex ideas is admirable. Content like yours raises the bar on Hive.
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Wow! That’s wonderful! You had tax refunds which could increase your stake in Hive. You’re very practical and with hindsight you’ll get a lot more in the near future. It’s a very good platform for long term investment.