Ever since the APR of HBD was increased to 20% and the Leofinance’s polycub StableCoin yield creation, everyone is having a valid reason to store their HBD in savings. Which is great, because this builds influence and encouragement amongst us and discourages massive sell of HBD. When the APR was 10%, I never found any reason to save HBD, because I felt it was a waste of resources, leaving your money in stable coin that doesn’t increase in value all because of 10% APR. This was majorly because of the other options I had like Binance 10% for BUSD. But the increase to 12% came as a wake up call for me. Showed me that a lot can be achieved with HBD.
First of all, leaving your HBD savings, is healthy, because it has saved you the chance of spending your money unnecessarily. Not only does it do that, it gives you 20% APR, which gets autocompounded every month you claim them. I was reading a post on how a hiver is working towards having a $10k HBD savings goal, and that inspired me. I have been saving my HBD for a long time, I remember when I used to have over $2k worth of HBD in my HBD savings few weeks ago, had to withdraw it for some personal issues. I don’t regret it because that saved me, I mean, it’s called savings for a reason, to save you in times of needs.
So I started my HBD savings all over again from $0 and I am currently on $482. This is a big win for me, and I appreciate the Hive community for the opportunity. The beauty of working so hard to make sure you achieve your financial goal is so great that every moment you stake your HBD in savings you feel accomplished. Imagine dropping HBDs every day consistently and letting it autocompound for years, it’s enough to bring you close to financial freedom.
I was motivated by this fella who wrote about their $10k HBD goal, this is quite huge, but Hube has thought me that nothing is impossible if you put in the work. It’s almost impossible to work hard on Hive and not see any results. Back to $10k HBD, that’s quite lot, especially when you are trying to reach a 10k HP goal like me. I was trying to use my earned HBD here to trade outside the Hive’s blockchain to make more profit. Then bring them back to Hive and buy Hive and power it up. How do I balance the both now?
Well, never say never, I will keep trying my best, whatever goal I achieve, I am sure I will be proud of myself.
Unrelated, but if you are reading this, my 1 year anniversary on Hive is approaching and I don’t know how to show my appreciation. Thought of using splinterlands cards to show my appreciation I hope you guy like it when it’s time.