Why I'm Aggressively Building Hive Power and Soon LEO

If you haven't noticed I've been starting to aggressively build my hive stake. My goal was 100k by end of year last year and I missed my target. So I set it for this year. I was originally planning to simply hit 100k by the end of this year which would have still been a good milestone but now I want to hit it much faster.

At the current rate I should be at 100k within the next 60-90 days however I want to be even MORE aggressive with it (depended on the price pumps of hive for conversions)

*Image pulled from Hivestats.io
** P.S LEO Team could we please get LEO added to this some how for stats tracking or a new UI/Site that tracks curation and author rewards it would be nice and honestly would make sense.

As you can see I've been on a rather stead and steeper incline not only in author rewards but also in powering up. Yesterday wasn't as much as hive pumped about 15% and thus it didn't seem like a great time to convert other assets into hive. If that value returns back down tomorrow we will be making some moves.

Outside of that I'm now on the countdown for pancake swap. I had locked my assets in there for 6 months (while I know many others did longer and upwards of a year) Sure the APR was nicer for those longer period of lockups but what I'm betting on at the moment is a really come early summer and while everyone else cake is locked up I can act on it because it will be liquid again.

I've also been building HBD when possible through rewards only at the moment. If the conversion rate doesn't look good like in the case of today I simply power it up into savings as that lock period is only three days which is nice. It's a long enough delay to prevent over moving but also short enough that you can act on things if you choose too.

At the moment we are almost up to 1HBD daily being earned. I'd honestly love to get that to 100HBD a day by end of year but it's not a priority over hive at the moment. Also I honestly feel like that 20% APR is going to drop here at some point.

Why Am I Doing This?

For two reason...

The first is I want to support Hive more and help build and support projects being built on hive. While I've helped a few so far only around 50% of them turned out into good investments and while that's most likely a rather high ratio I want to be a lot more selective or have some type of stake in the game for helping. I also want to improve that ratio and be able to remove funds and support from it quickly if they perform an action I don't agree with. What I mean by that is delegations and honestly delegations are a very powerful thing here on hive.

The second reason is I'm greedy lol But aren't we all? I want to build a sizeable income with crypto and hive has one of the best potentials. While I won't be putting all my eggs into hive I could easily skyrocket my hive holdings if I did so I want to keep diversified in other cryptos I like and support. However that doesn't mean that those staking rewards can't be injected into hive when the prices are right.

I've gotten into the habit of spending HOURS on hive every day and that most likely will only increase if we start to see a lot more of these applications grow and advance. I'm still a little skeptical with the slow progress at the moment but if these things take off I could see myself in here all day as like a full time job. Ultimate we should be able to live off of our crypto holding isn't the the goal? To generate passive along with some active revenue for doing this we like and enjoy while being able to live out our lives and do what we love. Hive is one of the building blocks just for that.

So what are you waiting for? Get out there and start stacking that hive and also invest in it if you can. I really hope some of these hive front ends start to generate revenue as well that goes back into buying hive or layer two tokens. That would seriously start to stimulate the ecosystem and I'd love to see projects start doing this!

Posted Using LeoFinance ^Beta