Reached Monthly HBD Interest Goal Early
Any of my readers know I'm really obsessed with HBD right now. I had never really paid attention to stable(ish) coins before.
I've always earned HBD of course but it sat there until I found something to spend it on. I never even converted to hive most of the time. But things have changed for me, and everyone else I suppose.
I took my side cash from an exchange and plopped it into HBD and entered the savings option for 20%. The thing that fascinated me most and kind of gamified it for me was watching my interest accrue towards claim day.
My goal was to have enough HBD to earn just $1 a day. The thought of just being able to do that online is dumbfounding for an old guy like me. When I was a kid the only way to earn money from home was licking envelopes for a company that wouldn't pay you or sending out chain letters.
So the concept of hive is kind of crazy in itself but leaving the legacy finance system's saving mechanisms is mindblowing. I made more on less in one month than I have ever made in a savings account.
In fact, I reached my $30 a month goal with 5 days to spare. But I will say that at this point I will not sink fiat into my account. It's on me to earn my HBD the hard way (lol) and that way I'm way more risk averse.
The funny thing about HBD is how spoiled I'm getting. I'm not assuming this will remain at 20% for an extended period of time but when I look at a Compound Interest Calculator and adding my monthly $30 to it, the amounts don't seem exciting. Isn't that crazy? How spoiled are we.
Have you played with one of these and set some HBD goals for yourself? I'm putting some thought into that and would like to get to $5,000 but not at the expensive of my actual hive so it is going to take some time.
I'd love to hear your thoughts and goals in the comments!
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I am still far from $1.00 a day, but have now powered down 100 Hive a week, to save weekly HBD, will get there.
(I am also from an era of before cell phones and computers, only got my first cell phone in 1999!!)
I cannot understand a lot of things, but I am on the bus!!
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I'm also looking into the stable HBD. I've been experimenting some with CUB and smartBCH because of the huge APY's, but since the coin price itself get lower and lower you can have a high APR, but have less value in the end.
The 20% on the pretty stable HBD is a much safer option. I've een powering down some Hive too since it earns more money than curation with Hive under $1
And that for doing nothing...
I've never really figured out the sweet spots. I have no clue how much i could earn with curation and things like that but I like curating.
I've turned about $1000 into about $50 with Cub and polycub though lol. I assume that will start to rescue itself in the future but I like the idea of HBD.
I never could figure out how to trade hive/hbd properly so for a guy like me it is perfect. Just try to compound some interest and grind on Hive. I wish I knew more but it's tough for me to learn.
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I'm no expert either. I've been trying some things. Sometimes I was lucky, but in some cased I wasn't. Or ain't I lucky yet.
Slow grinding and compounding seems the best option for me.
Me too!! I wish I never messed around. I would have a lot of hive lol.
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Haha. It's learning rather hard way.
Chain letters? Damn you are old. Of course, I remember then so right there with you. I will just add party lines to the conversation and leave it at that.
Anyone who doesnt know what those are, it is like a open zoom call with the zoom.
As for the basis, HBD is terrific. Many question the sustainability yet if we start to develop use cases, there is no doubt the 20% is sustainable. The pace of HBD expansion is going to be slow, meaning that we are going to have to keep putting it out a 20% rate (if not higher). This all helps to reward the community while also growing things.
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Fucking A. 🚀🚀 $5K HBD in Savings Soon. :'))
I am actually saving HBD to buy the Hive dips. Good thing is that HBD is keeping it close to its peg even in the red markets.
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I'm just never good at doing that! I always screw up.
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😂😂😂 I do sometimes as well. It's the part of the game. You keep doing whatever is best for you. :')
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That is one of the use cases. HBD is the ideal destination when there is risk off.
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HBD definitely reduces the risk of market volatility.
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HBD 20% APY is really huge, this is by far the best method to earn passive income. I made sure I transfer my HBD to savings immediately it pays out lol
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It's great for a lot of reasons. I makes me feel great emotionally. But in crypto it actually feels low lol. But it seems safe. The HBD stabilizer is really great. I wasn't always like that.
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$1 a day is great and that is quite amazing. I have around 750 HBD in my savings but I am aiming for as much as possible. I guess 10k would be a decent goal to get for myself as that would mean over 100 HBD per month.
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