It’s a new month and with that a new Hive Power Up day. As last month, and as I intend to make a routine every month this year, I Powered Up an extra 1000 Hive today. In addition to that, today I also happened to reach another decent milestone: Having 2000 HBD Saved.
Following simple rules
As laid out in my Hive strategy for the year, I will be powering up 1000 Hive per month while also keeping all post rewards. On top of that, I’ve outlined a strategy for how to treat the HBD from my author rewards where 100% will be saved whenever the price of HIVE is above $1, and 50% saved and 50% used to buy HIVE and Power Up whenever it is below $1.
Parts of me hoped that we would see HIVE dip below $0.5 so that I could use that as an opportunity to buy HIVE with the saved HBD, but instead the fact that HIVE has stayed high also when other cryptos were falling has helped increase the post rewards and thus the savings rate. Seeing 2000 HBD's in my account feels quite nice given that it's not that long ago that I started saving.
It has felt nice to see it building up quite steadily over time as I continue to be persistent with my posting while following this strategy. The HBD Savings is even a bit better than it may seem, as because you receive payouts each month, you’ll end up getting closer to 13% annual return (1*1.01^12=1.127, or 12.7% ROI).
Keep on building your account
One of the great things to me about crypto, and Hive in particular, is the way in which it allows more ordinary folks to be included in the financial gains that are made through growth. For far too long, only the privileged few have been able to invest in companies and stocks and thus participate in the accelerating growth of the economy. Naturally, this has caused big wealth gaps throughout the world. But here on Hive, everyone who participates also benefits, while also having the ability to contribute toward the growth of the platform. Having HBD Savings on top of the reward mechanics also allows us to build passive income streams, a luxury that used to belong to only a few.
The point I’m getting to is that I hope you all feel motivated to keep on growing your own accounts through small efforts and power-ups. We’re very lucky to have this opportunity that most people have no idea of, so don’t let it go to waste. Happy #HivePUD everyone! And keep on hustling :).
