Crypto Thesis on Hive: Stashing away HBD like a squirrel stashing away acorns

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(Edited)

I have written about my strategy for this account after reaching 10K HP.

Essentially the idea is to stash away the HBDs coming into this account to the savings account and sell liquid Hive for a 20% profit.

An associated idea has been brewing and I like to think aloud here.

I really like the idea of stashing away HBD like a squirrel stashing away acorns.


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The idea is to set a goal for a specific ROI after injecting new funds to buy Hive, and then work hard for it.

Say, I start a new account, and that account is focused on a niche domain like travel, coding or fitness. I do that because I like to reach out to other users not active on Leo Finance. Opening up new market, if you will.

Screenshot 20230128 at 6.18.58 PM.png

At the current rate of about $0.44 per Hive if I buy using TRANSAK, if I want to power that account up to 5000 HP (so that I could more likely reach the RCs needed to claim for Acount Creation Tokens), I would have to invest about $2200. That account can bring about a 25-cent vote at 100% (since this 10K HP brings 50 cent vote at 100%). That is not bad, in my view, and should be enough to attract some attention. It can help me build a meaningful following for that account. I can even help new people create their accounts using my Account Creation Tokens.

I mean I will have more fun with that account as people will take me more seriously, I think.

Anyway, let's think ROI now.

Because the account is supercharged with HP, and I make effort to establish the account by posting good content, it is reasonable that I can aim for a 30-40% ROI in terms of HBD at the end of the year (according to this plan). If it is 40%, it would be me stashing away 2200 X 0.4, which is $880 or 880 in HBD.

Here I disregard what could happen to the 5000 HP, it will be maintained at 5000 HP no matter what price it goes into. Meaning at the end of the year, I will have my 5000 HP plus the 880 in HBD. If things go my way, that is.

Since it is the bear market now, that HP may increase in value later. So that is the potential upside. Asymmetric play in my view.

Now that I laid this out, the question is really: Am I willing to invest USD 2200 PLUS time to set up a new account to focus on a new area of interest?

If at the end of the year, I have 880 HBD as a reward for Christmas which I can use for a holiday, I think it is quite a good deal.

Furthermore, on the side, I would have made new friends and learned new things that are non-crypto. Some upside on personal development!

Yep, this crypto thesis in Hive is consistent with my idea about Hive accounts as rent-yielding real estate, rinse and repeating strategies now that I am already familar with Hive. It should be easier, like I mentioned earlier that we should be putting this Hive skill to good use.

What do you think, now that I have laid it out? I was also thinking if I should just focus on one account and just add other contents, but I also like to keep my account niche...

P/S: This is not financial advice, and please do your own due diligence before investing.

If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.

You might be interested in this post, @graciousvic, @deflacion, @jacoalberts, @young-kedar, @svanbo, @sumotori, @zakludick, @poplar-22 and @hankanon!

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You can't begin to think that hive was 0.25 cents lile two... Three weeks ago and now it basically doubled up 😂

I like the idea of stashing HBD because then when the market drops you are in a position to buy some more hive🎤🎤

!PIZZA
!LUV

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This is the absolutely !lovely thing about Hive: There are 2 sides, the crypto (Hive) and the Alt / Fiat (HBD). Always one will be doing well. And since we believe we're in a bear market, and only can win with Hive, it's great, because as long we're living in a centralised system / marked, we're winning at the HBD side as well (as long it's staying at a 20% interest) !CTP

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(Edited)

🍕 PIZZA Party!

I gifted $PIZZA slices here:
cryptothesis tipped zakludick (x2)
@svanbo(4/5) tipped @cryptothesis (x1)
cryptothesis tipped jfang003 (x1)
cryptothesis tipped technicalside (x1)
technicalside tipped cryptothesis (x1)
savvytester tipped svanbo (x1)
svanbo tipped zakludick (x2)

Please vote for pizza.witness!

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For my own strategy in HBD savings - as a poor person - was to blog and save a target amount each month.

November 2022 I was to save 20 HBD, December 2022 it was 21HBD into savings and so on.

Then the REST of the HBD I would then be allowed to cash out as needed... But I am currently working on June 2023's taget of $27HBD 🤣🤣🤣🤣🤣

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I am sure you will get it! !PIZZA

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So basically I have already saved up January, February, March, April and May targets cumulatively!

22 + 23 + 24 + 25 + 26 and I am halfway with the $27. So I am MONTHS ahead... but I have stopped banking the HBD because... I need some cash again... I do not want to take OUT of savings... That needs to grow!

Would be sweet to earn a considerable interest.

The easy ration between savings and monthly interest is 60:1. For Every $60 you hold in savings, you earn $1 in interest per month!

So if I wanted to earn $1000 per month in interest, I need to hold $60,000 in savings!! I need a bit more than that to replace my salary though... I am on $216 so far...

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I may not want to maintain more than 10K in HP. So I am also talking about converting those extra HPs into liquid Hive, then into HBD. So I think it's doable, esp. if Hive suddenly spikes.

$1000 per month in interest with 60K in savings? I am not sure if I trust Hive that much with my own 60K!

But you did give me an idea. Once I hit 60K from earnings, I can announce my retirement and use that $1000 a month as a supplement!

!PIZZA

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Hehehe, well, never put all the eggs in one basket but I would have wanted to trust Hive with more than 60k eventually.

But I suppose if you had similar earnings held outside Hive as well... it could not hurt! 😬😬😬

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I think you're not doing bad when you make 25 HBD with an investment of 2000 Hive. It's nteresting to see how you've got a similar base as I have and we're looking for the same thing;-) So I hope you don't mind me asking the following question: What is the Steambasicincome delegation bring for goodies? !PIZZA

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You can buy HSBI units, or more accurately - you sponsor someone else and you also get a unit. Steem Basic Income then gives you some votes dependent on how many units you have and how frequent you post.

The delegation gives me bonus units!

Together with my HSBI units I have enough units that I get SBI votes on all my posts and I post twice a day!

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Sounds cool and easy. Would you mind to expand on the conditions and how to do it (best step by step)? !PIZZA

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I think it's a good idea especially if you can create time for it. HBD savings with its 20℅ APR is a good investment strategy to include in one's portfolio. Once you reach a certain threshold, you could leave it on autopilot and focus on something else. Investing 101.

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I absolutely agree here... Looking for automatization too all the time. I hope @cryptothesis doesn't mind that I make a little publicity for my automated voting project... !LOL

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Yes, automation saves a lot of time. But I think we first have to have some skin in the game and build leverage, that's when it becomes most profitable :).

Hmm. I'll check what it is about ;)

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What do you mean with "have some skin in the game"?
A new argument for automated posting that I heard recently is that there's a difference in rewards when curating the first day... I'm trying to find out now what exactly that benefit is against the 2nd or third, or ... till 7th day, but a benefit is a benefit !LOL

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'Skin in the game' in this context means having more experience and a larger fund/money to play with.

Lol, yes. I've heard about that too but I also don't fully understand the mechanism behind it. There's that ideal time for curating which is around an hour after the post till the post is a day old.

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I thought it was after 5 minutes. @savvytester didn't you tell me something like that?

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I did tell it to you about 3 months ago. 👍 Since the 25th Hive Hard Fork, voting a post or comment right after it was published up to 24 hours from publication time gives you no curation reduction and allows you to earn a share from all upvotes done after 24 hours until content payout time. 🤓 !PIZZA !CTP

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I tend to forget things sometimes !LOL !CTP

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It's okay, since there are a lot of things to learn about Hive, it is indeed really difficult to remember them all. 🤗🤓 !LOL !CTP

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You would have more than 5k HP even if you didn't powerdown. From what I see, there is natural inflation for any staked HP and the curation reward is also staked. So I guess there is some math to be done though. I do think the idea of using HBD to save isn't a bad idea and I find that it is less work

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Yes. I just want to build a take profit mechanism within it, and this seems simple enough. !PIZZA

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(Edited)

I'm still trying to understand this with the many accounts... This motive: I'll be opening a new account to reach out to other users... Why do you think it would make a difference if you spread your posts over 2 accounts, each with its niche, or to post all the posts from 1 account?

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Next question: How do you calculate these 30-40%? !LUV

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Just the increase I want to get. 20% from selling Hive and the next 20% from saving HBD.

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Oh you mean the 20% HBD is always bringing plus 10-20% you hope Hive will increase in value?

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