#MyHiveGoals - A New Goal...HBD?
Things are happening on Hive!
Right now, it looks like we're only a few witnesses away from having a 20% APR on HBD savings...Which is mind blowing when you think about it...
Let's...Think about it lol
This is a blockchain backed stable coin. Which isn't controlled by anyone but the blockchain, with no 'fiat' backing it, just code...And right now, if things go as everyone thinks they will, we'll be enjoying 20% APR on our HBD savings very soon.
The @clicktrackprofit witness will be bumping up our support of 20% as well in the morning and we're THRILLED with this new offering from the blockchain. Which makes me ask myself...
Should I be adding an HBD total to #MyHiveGoals ?
I mean...I'll earn 20% on it without doing a thing but keeping it in savings over the year. And this again is a stablecoin.....Mind. Blown!!!
What are your plans for this new bonus from Hive and it's witnesses?
O.K., I'm pumped...Let's see how we did this week...
150,000 Hive Power
Ho-hum...Another boring week of accumulation!!!
I love it :)
We'll check the daily totals later in this post but so far, I think I had a pretty decent week. Plenty of things to keep me fired up these days!
150,000 - 122,124.96 = 27,875.04 left to go
Yeah, I think this week will be a good week for the accumulation goals ;)
30,000 LEO, 1,000,000 SPT & 100,000 ONEUP
The time has come, to get back into staking a lot more LEO lol
30,000 - 26,277.34 = 3,722.66 left to go
I've changed my strategy a little bit and will be basically powering up all my rewards from delegating to @leo.voter
30k, soon (tm)
The SPT journey continues!
Lots of news from #Splinterlands and we're kind of in a 'slow' part of the year, but their roadmap was released last week which should keep players and investors excited :)
1,000,000 - 652,459.10 = 347,540.90 left to go
I've been excited to grab SPT on the cheap cheap last week...Keep dumping :)
I've been on the fence this past week when it comes to ONEUP. I'm not earning as much as I thought I would be on the curation side of things, but I'm still slowly stacking!
100,000 - 70,500.13 = 29,499.87 left to go
I should be receiving a healthy chunk of ONEUP very soon which should help the curation!
Dollar Cost Average Into Hive Engine Projects
Stat stacking my friends!
5 INDEX
5 WORKERBEE
And after this week's buys I'm at....
11,560 @he-index
5930 WORKERBEE
I might start adding HBD into these numbers next week...We'll see if I might rearrange some goals....Like a moving target LOL
100 Hive / Day Rewards
I'm crossing my fingers, that this went up lol
32.04 Rewards from Creating
13.43 Rewards from Curating
14 Rewards from Misc.
Total rewards = 59.47 per day
I knew it!!!
LOL I wasn't sure but we're up a few Hive per day from last week...The journey continues!!!
Save BIG on all your Swap.Hive / Hive needs with HivePay:
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Hive-Engine:
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Here is one fear about 20%. It could drop fast and then everyone that come to the platform for the 20% might go running... We need a plan to say the witnesses can only lower 1% per quarter if they do decide to lower it.
I want 20% for me though. That would be amazing.
!PIZZA
That's a good point. So far, we haven't seen any of them wanting to tank the APR, but you never know.
I am about ready to go take out a loan for 6% and dump it into HBD and just hold it forever there.
You've got me thinking too lolol
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Having a 20% interest rate is actually good, and I am too have a goal of around 1000 HBD by year-end, I might increase that goal to get the maximum.
That's my thinking too. Setting a goal like that and just letting it feed itself.
Reading your progress always encourage me to do better to increase my assets.
But it should start by setting the target for key assets before define the strategy to get it.
I should set/share my target very soon 😀
You can't go wrong with Hive and HBD these days :)
I have a goal to lock 500000 HBD and retire :)
Heck ya!!! Live off that comfortably every year lol
The 20% sounds very alluring, but you have to ponder whether it's sustainable. The old "rule of 72" applied here means we'd double our money every 3 1/2 years, give or take. In a world of all other things being equal, that would mean you could put in $1,000 when you're 21 years old, leave it alone till you're just shy of 60 and have a little over a million.
I know this may be the "age of abundance," but I have a sneaking suspicion that greater society would have pretty rampant inflation for a 20% ROI to be sustainable in the long term.
Yeah, the crazy thing to me is that we're still trying to figure out how all this defi stuff fits in with our old models. We could always adjust if it gets too crazy. But thinking of 20% a year is pretty exciting lol Even if it's not sustainable for the long run.
Maybe we get something put in place for long term holders, not just 3 days power downs.
I don't think people should expect it to stay that high "forever". Just take advantage of it while it is there.
I don't think witnesses would want to create a stampede for the exits. Usually there is a bias toward making small changes. The exception would be in a situation that is already becoming unstable. For example, there is some risk this backfires because of the small cap on HBD supply. The cap on allowable HBD is only 10% of Hive total market cap right now though expected to be raised to 20-30% in the next hard fork, expected in about a month or so.
If there is so much interest in HBD due to the 20%, and the price of HIVE doesn't go up, we could risk hitting the cap, at which point HBD could (and very well likely would) depeg. If it looks like that is going to happen, witnesses might reasonably make a rapid cut (even if temporarily, and the restore it after the fork).
We're taking a calculated risk that we can some immediate visibility from the attractive rate, but that uptake will be slow enough and/or the system will be able to handle it before the fork. If not we'll have to back off.
It's refreshing to see a bold ambition for HBD to become the most lucrative stabel coin for staking. So I've spent most of the weekend reading the thoughts of others here and giving my own input in the conversation where it is taking place.
My intention is to also raise it for our witness (@steempress), but I always demand of myself to do independent "what if" analysis before signaling it. I think if we want to make the most of it, then it should go hand in hand with a wholehearted effort to also communicate the change and promote HBD.
There is always a risk of rising the rate, but then again, there is also a lot of risk in standing relatively still in a fast-moving space. Will share my thoughts and likely increase our own signal soon.
Looking forward to reading your input and ideas for it man.
Yeah I think it's a fantastic marketing ploy for the blockchain as a whole and will attract some eye balls. Everyone seems to think we can sustain it. I personally would love to see a way for long term 'stakers' of HBD to get that APR while the '3 day power down' people have a lower rate. Might help lock in some stability.
20% APR is pretty crazy and it makes me wonder if there are some people who are willing to get a loan just to make it back on the 20% interest. I can see a lot of people being attracted to the opportunity.
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This is where I'm getting skeptical, doing too much to earn that much HBD might be a kick in the gut.
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Yes, that's very possible
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LOL Literally dkid14 in the comments above said he was thinking about it lol
I am not surprised. Hive for the win and I think HBD will do quite well.
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Another week plus some solid numbers on your progress. They are still really inspiring.
I think that the increase in HBD interest is not crazy, I think that at the end of the year we can see the 10-year US bond close to 5%. With inflation of 10% this is not crazy, you just have to look back and see what happened in the 70s and 80s.
'Hive for the win'
Yeah and the best thing is, nothing is set in stone so if it gets too crazy, they'll just pull it back slightly.
Awesome Sauce my friend. And yes the 20 percent on HBD is fracking fantastic.
!BBH
!ALIVE
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Not a bad little savings plan :)
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. Keep up the fantastic work
Hive for the win!
That's a 66.66% jump in APR! That's rare for a stable coin! Good for those who are looking for a place to park their huge collection of HBD. It is also a good long-term project for those who are still growing their HIVE power. However, being a small player, I will focus for now on layer 2 tokens that give higher yields such as LISTNERDS and CENT.
To me it's just a great way to stash some of the earnings we get from content creating. Literally, make the posts, get the rewards, earn 20%...Love it.
This is good. Now savings for hbd is wonderful. You actually want to accumulate more tokens. That is over 50% extra. That certainly makes a big difference if you save regularly !
Indeed! And the more value you add here with content creation, the more you can stack your savings.
Last week I managed to delegate to the hodlcommunity. I am going to power up from the curation share that I get from the same. I think by getting delegation rewards to powerup. I am letting the system work for me. This way I can compensate when I can't write content. Learning a lot from your approach of tokens too. :)
That's the best thing...You literally, let the blockchain work for you. The more value you add here, the more it pays you :)
With 20% on HBD on the horizon, maybe i shouldn't be converting my HBD to Hive all the time. Tough decision for sure.
Sounds like a HBD goal will be added soon to the goal list, lol.
I don't see how you can lose on either now...I'll slowly add more HBD, but HP is still my darling lol
Very nice, @jongolson. Your persistence is paying off nicely. I am really excited about the new 20% return on HBD. I may bring in some fiat that I have laying around earning 0.2% and move a little into HBD!
Yeah man, and I'm screaming this from the roof tops...Hive is the no excuse blockchain. Because this savings plan can feed itself, if you just add value to it :)
I have mixed feelings about the 20% RPA for HBD because it will be greater than the curation gains from HP with, in my opinion, a risk of seeing the HIVE price decrease.
'Hive for the win'
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!PIZZA
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Whether it's HBD or HP rewards rising or falling, I'm not worried cause it's all the same blockchain :)
Thanks for the tip and your point of view
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You know, I'm really tempted to power down and put a lot of my HP into HBD for awhile. With kids and house payments and stuff, I can't really put much of my salary into Hive. So that leaves my HP if I really want to take advantage of this while it lasts. I won't, but... it is tempting.
But that is the greedy side. Looking at the platform as a whole, I hope this draws a lot of outside interest and we can finally start getting more eyeballs on Hive.
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You and me both lol
To me, moving Hive and HBD around on chain is great because there are no fees. So whatever side of the coin you wanna be on, you can easily switch back and forth.
Great goals and great progress
You are an example to follow!
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Now that the 20% APR on HBD is official, you must add it to your goals. Although you should've added it earlier. But you're forgiven, lol.
Yeah for sure, I'll be adding it next week!
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STOPCheck out the last post from @hivebuzz:
This weekend in France, they were talking about increasing from 1% to 1,25% one of the most popular saving accounts to "keep up with inflation".
55 million people own one of those accounts...and if you tell them that they can get 20% with HBD, most of them would say "But Crypto is a scam broooo" 🤣🤣
Hive for the win ✌️
lol yup. so generous of the banks to give you that whopping .25% lol
My last goal was recalled due to a foul. Haven't had a new one since...
HBD has been my goal ever since 12% interest was introduced. I'm happy to see it increase to 20%, I've been growing my savings for a while now. My regret is selling HIVE for anything OTHER THAN HBD.