Apologize I had to find some not related photograph to set as thumbnail. Today's topic, I'm going to talk about the plan of growing the account again. Screenshot will be pretty darn boring, hence the lunch photo when I passing by A&W, one of the oldest outlet in Petaling Jaya, the legend, many people's teenage hangout place, the first drive in cinema that serves root beer... wait... they call it RB now, due to the HALALness of the beer word 🤣
Ok that went a little too far. I was going to talk about my current crypto finance situation. I've sold pretty much everything other than the "capital" being locked in. Worst being, majority of my funds were parked at Digibyte, as the token price took a 96% plunge, my investing power gone down to pretty much zero. Pretty much as in, I still have a couple of hundred dollars in BTC, ZIL, a little bit here and there that I refused to clear due to transaction fee.
Now, my biggest portion of crypto wealth is in Hive 🤣 Over the years, I've donated some HBD, couple of hundreds may be, here and there, to sponsor, to charity, can't name them all as I don't really remember. I only have 700 bucks in the savings that I'm able to withdraw in 3 days time.
It time to set a long term goal. I don't really want to go the way write and earn, put them into savings solely for that 20% APR. Had I wanted to do that, I could have powered down the whole 40k, convert them into HBD and make a handsome amount every year. I prefer to keep my HP big, delegate to build communities, but this time I wanted a personal growth as well.
The plan is simple. I will split my hive income into two part. I will buy Hive from the internal market with the HBD I earned. I will set limit orders, so the price fluctuation will trigger my trades. I have set the trades straddle around 0.3 region. As soon as it dropped below 0.25, I will trigger buy, 0.20 buy again, 0.15 buy again, so I can average my losing.
At the same time, I have currently 10hive, I'm splitting them and parking limit orders at the top, soon as price goes 0.35, I sell, 0.40, sell again, 0.44 sell somemore. Therefore, if price go up, I will have more HBD for savings. If price goes down, I will have more liquid hive prepare for next bull run, or possibly 1 way ticket to the moon. If that don't happen, at least I can shove them in HP and continue to delegate to those community needed it.
Once completed the setup of the limit orders, the total amount pending in the market will be reflected in a bracket. They will be here watching the market door for me this entire month.
Last but not least, balance of the HBD uninvested, will be going to the savings. Don't forget to trigger your savings, so the APR payout every 30 days. Don't you look down on that small compounding effect, with this monthly gesture, it can easily save you a big bucks couple of years down the road.
I guess that's all for today. Was struggling to decide whether to send this post to Leo community, but decided otherwise.