HBD Savings Saving Lives
I just claimed my HBD savings after 30 days and I will say, it felt so good. I got over $30 interest from HBD savings and that is way more than what I make writing and blogging on Hive. One of my biggest dreams on Hive is to be able to stake $100k HBD savings, that will be enough to make sure I don’t work or worry about money anymore for a long time. But for now I will keep stacking and staking the little ones I can afford to stack and stake. The reason I keep writing on Hive is because I am too used to it, not doing it makes my day feel incomplete, besides it still comes with little droplets of Hive coins as HP.
Hive has helped me so many times, in terms of personal finance, I have used my Hive to sort out a lot of bills and expenses, then as an investment, I have used it to make other crypto investments outside Hive and I was able to do this from blogging and accumulating Hive. While this is so nice, HBD seems nicer because the price of Hive has been hitting the lows and we usually see pumps like once in a while. I aspire to have 10k HP one day, but for now I can only think of HBD savings.
The $30 HBD interest I received for staking HBD felt really nice, because there was no work or effort put into it, that was passive income at its finest. Imagine earning an American minimum wage monthly through HBD savings. The minimum wage in America is about $1,500, this means that you will be making $18k yearly. But you need to stake $120k worth of HBD, good catch right?
Definitely! It's a proof of concept that can work well in reality when the available funds are staked. I think it's a worthy goal to aim for :)
Keep going! Consistency and time. Do that for long enough and you'll get there! I've found there is a flipside positive to HBD. It allows you to hedge into the more speculative side. I measure my HBD accumulation over how much fiat I might speculate elsewhere in and outside the ecosystem. Eventually once my HBD reaches a certain level, I too will begin adding some serious HP from fiat to my stake to do my bit for supporting Hive and HBD.
So long as Hive and HP continue to offer enough usecase demand across the ecosystem that doesn't allow HBD to become a large usecase vehicle and force a haircut or further API % cuts, HBD will always be an opportunity for those who want to support the ecosystem this way with HBD also being the funding vehicle for other projects that build on Hive. The bigger the MC of Hive, the more stability and opportunity for projects and people such as ourselves who use HBD as an alternative.