$HBD Savings : Starting to Build Wealth Over time

I have seen a couple of posts recently about HBD and its getting more attention as a decentralized stable coin that is pegged with USD. Some amazing people like Khal and the taskmaster have also talked about it so I am sure there is something to pay attention to. My friend @mistakili also wrote a post about the same and here is the post link if you like to go through it. He made it 3k HBD in saving and I think that this is a nice amount.

In crypto, we talk about holding and I think HBD is certainly a good one to hold because now we can earn 12% apr which is payable monthly. While I hope Hive power, Leo power that is helping me earn curation apr then why not HBD that is paying 12% apr and its pretty good. I have also decided to build my HBD holding and as of now I have not decided on any particular amount but I will continue to save time to time.

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I think that we need to change our investment strategy from time to time depending upon the trend and this is the time when HBD is valuable. Its not that we can earn 12% apr but also with the Ragnarok game HBD consumption will increase. Since its a stable coin so we can't expect the value appreciation but for sure there will be many add-on benefits in the future and as of now th current APR is a solid reason to go for. @mistakili holds 3000 HBD in saving and this makes him earn 30HBD in a month which is not bad at all. I expect if by end of this year 2022 I would be able to have this much this approx $30 income is pretty good and comes for doing nothing expecting holding HBD.

I hold various coins in my crypto portfolio but HBD is the new one and I hope I am not too late to join the train. Its better late than never and hopefully I will be able to build a nice holding of HBD. Obviously, we can earn much more if we invest in any DeFi but that has a risk of impermanent loss whereas with stable coins there is hardly any risk.

Keeping the portfolio diversified does not mean that we can only hold different coins instead we can also diversify the income-based of different levels of risk involved. Defi pays higher apr but at the same time there is the possibility to have higher loss as well but here in HBD apr is low as compared to DeFi but apr is surely significant.

Banks in India pay an interest of 5-6% max per annum so technically this is double of what banks pay on the deposits. Anyone would love to have this much of interest and there is no reason to stick with banks where we also have no control over our funds.

Thank you so much

Stay Safe

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