December 2024 BPUD - The Christmas One !

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It's the third BPUD ! That's BBHO Power Up Day for those who don't know. It's also almost Christmas, which menas I get a day off :D

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I powered up 374.313 BBHO this morning. I know it's an odd number, it's a mix of what I bought and what I earned through curation. But most importantly, it's over the threshold of 100 BBHO to qualify for BPUD.

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Right now, the economic news is.... complicated. The stock market is crashing, crypto is crashing, the pound is crashing, and gold is going upwards. It mostly seems to be down to political shenanigans in the United States. The Democrrats appear to be salting the earth ahead of Trump taking office, to give him lots of huge messes to have to fix. In return the Republicans seem to be blocking anything the current administration are doing which might win them back some shred of credibility.

But all this economic mess just gives us an opportunity to spend any spare fiat we've got on things like crypto and gold that are (at least to a certain extent) outside govenment control. Then, when this dip revserses and we hopefully get back onto the recent trend of steady growth, it'll multiply the value of what we invested in. Far better than levaing it in a legacy bank account paying a pitiful below-inflation APR on savings accounts !

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Interestingly, although BBHO dipped a little it didn't move too much. Certainly nothing near as traumatically as some mainstream crypto coins or other Hive tribe tokens. That gives me confidence that @bradleyarrow is on the right track with the project.

I'm kind of hoping I'll get some Christmas money from the family so I can buy more HIVE, turn it into SWAP.HIVE and then in turn use that to buy more BBHO.

Happy BPUD and Happy Christmas, everyone !

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Posted using The BBH Project

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20 comments
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If you're using Keychain, you can seamlessly swap Hive (or hbd) into whatever token you want, including BBHO - That's how I've been doing it because the extra event of Hive into Swap.Hive is just a pain in the ol' butt for me.

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I'll have to look at that - mostly I use Beeswap, which seems to be the lowest-fee/slippage method to turn HIVE into SWAP.HIVE.

The real problem right now is not having any spare fiat to buy more HIVE. Having to spend out on a replacement car in a hurry just before Christmas has put a bit of a dent in my finances ! But hopefully that situation will ease soon.

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I'm really hopeful it does get back to being steady and multiply what we invested because crypto did crash hard, although I'm new into crypto, I was told that's its normal to dip a bit between December and January. So I guess I have nothing to be sacred about.

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Thanks for your comment ! Yep, volatility is totally normal in crypto. The only times it matters is when you decide to sell a token you hold, or just occasionally if a project fails completely, which is why it's worth building up a reasonably diversified portfolio over time and tracking what you buy and how much it cost you.

But HBD has the advantage of being a stablecoin pegged to the US dollar, which helps reduce volatility risks, as well as delivering a nice 15% APY interest.

Even dips can create opportunities to make some gains 😀

!BBH

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@logen9f just sent you a DIY token as a little appreciation for your post dear @alonicus! Feel free to multiply it by sending someone else !DIY in a comment :) You can do that x times a day depending on your balance so:

Don't be shy - share some DIY!

You can query your personal balance by !DIYSTATS

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Dipping a toe into the stock market pool can feel like walking into a bakery and being asked to pick just one treat — overwhelming and delightful all at once. Stocks, like fine pastries, come in all varieties, from conservative blue chips to riskier, growth-oriented sweets. Investors who dig deep into company fundamentals often fare better, evaluating things like earnings reports, market position, and future prospects. For instance, the stock of abrdn plc offers insights into asset management trends, and you can find more details here https://admiralmarkets.com/stocks/abdn-uk 😊 Remember, though, investing is less about predicting the future and more about understanding the present. Markets rise, markets fall; the trick lies in managing expectations and staying curious. Whether stocks soar or slide, the journey teaches patience and keeps you sharp.

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Thanks for your comment - I totally agree !

I've got some ABRDN already, and LON:GAW, as well as smaller amounts of a few others and a couple of multi-stock pies. My technique is to buy stocks in businesses I know and understand, so I can look deep into the financials and fundamentals as well as understanding if news on the business is fluff or real. But even though I mostly aim for companies with a long-term record of paying good dividends with stable share values, crypto still gives a better return (although the volatility can make it a bit... exciting... sometimes !).

It's mostly about having a balanced portfolio across a variety of assets, although I'm by no means rich enough to be a big investor !

!BBH

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Congratulations @alonicus! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

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