I set myself a goal and made a project out of it for the last three months of the year 2020.
The project is called
Summit 3300
The goal is
To see how much I can acquire (in BTC, as much as possible) from my current and new resources, be it online or in the real world
Read the introductory post with the guidelines
C - Hive
Description
This is in no way a vote of unconfidence toward the Hive platform. NO! I will simply take out some liquid HBD and Hive to see what cash flow can I produce with it. I already started with HBD withdrawal as described in Summit 3300, Day Two - Continuing With HBD.
Tonight I will continue with selling HBD and add Hive as a new, fourth channel. It is only proper that HBD and Hive channels are managed together. Again, I am not aiming so much at the highest gain. I aim more for the constant inflow. Or outflow, whichever standpoint you take :)
Interval
Once weekly, preferably every Sunday evening although I am a day late today.
Actions
The Hive channel is founded from one source and two wallets. The source is my activity on the platform, of course. While wallets are the ordinary Hive wallet and the Hive-Engine wallet.
Yes, I will convert various H-E tokens in their liquid state and transfer then to the Hive wallet.
No, I will not power down my main tokens like #leofinance, #palnet, and #neoxian.
One additional rule will apply here. Every month I will power up 50 Hive as a part of #hpud initiative. At the same time, I will sponsor an additional 50 Hive for others to power up.
Action Today
1. Convert almost all liquid Hive-Engine tokens to SWAP-HIVE and withdraw it to Hive
2. Send Hive to ionomy exchange*
Including Hive already in the wallet, I am left with 96.044 Hive over 100 reserved which I will transfer to ionomy*
3. Send HBDto ionomy exchange*
That will be 8.684 HBD sent.
4. Sell both at a market price
Outcome and Status
With five trades done, the table with channels looks like follows.
The first line which indicates BTC trading won't be included in the total since it is an index value and not an absolute number.
| Channel | Input | Income BTC | Income USD |
|---|---|---|---|
| 0 - BTC | 100 | 102.17 | |
| A - Blurt | 388.929 Blurt | 0.00046485 BTC | |
| B - HBD | 128.094 HBD | 0.01118321 BTC | |
| C - Hive | 98.044 Hive | 0.00132106 BTC | |
| Grand total | 0.01296912 BTC | 151.51 USD |
Over $151 with five sells of three assets. Of course, it helps that BTC is climbing.
Next
I hope that tomorrow I'll finally get to the Bitcoin faucets.
Summit 3000, history of articles
| Date | Article | Type | Channel |
|---|---|---|---|
| 09.10.2020 | Summit 3300, Day Seven- BTC Trading | channel report | 0 - BTC |
| 04.10.2020 | Summit 3300, Day Two - Continuing With HBD | channel report | B - HBD |
| 03.10.2020 | Summit 3300, Day One - Starting with Blurt | Intro, channel report | A - Blurt |
Disclaimer
These reports show my actions and ideas. They are not to be taken as financial advice. Do your own research and make your own decisions. Of course, we can debate them and help each other.
Links marked with * are affiliate links. If you use one of them to join an offering we can both gain. Again, the decision is yours. Yet, you can trust me that I only promote what I use.
The banner image was created in Canva*.
This report was published on the 
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