RE: 12% What does that really mean?
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This was the idea behind Hive Bonds and the Hive Certificate of Deposits (they both go together really). Providing the use case for HBD is amazing. Plus, as you stated, from a personal standpoint, the returns can be amazing over the long term.
The Hive Backed Dollar is truly an overlooked feature on Hive. This is one of this things that can truly lift the entire ecosystem to much greater heights.
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Totally agree. In this crazy, volatile world of crypto, HBD should become a pillar of peoples' accounts. It's a place you can put money and forget about it. It's the perfect place to park some money while waiting for opportunities or just to permanently lock in gains (and make 12% on top of them.
I've know about the great rate for a while now. 10% is still a crazy good rate, especially on a stable asset. For some reason, as I was writing my goals post, it finally clicked just how good it actually is.
I'm a little older so I need to try and start with a bigger number to reach my monthly interest/income goals, but it's definitely attainable. Just gotta keep you head down and keep stashing it away. I just got my first $1000 in there. Only $24k more to go this year. lol
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LOL well I am a lot older so I need to keep flowing money in there.
However, think about it from a younger person's standpoint. What a great retirement fund? Earning 12% when throwing a few grand in a year and one will be in tremendous position.
This article stipulates how this ends up.
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Yeah, it really is amazing. I've got to get an account set up for my daughter and throw some in there. I mean, she's 12. $1000 is over $1M in 60 years. And that's only $1000! It really does just make "cents". :-)
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