Hive blockchain - Doubled down on my dreams by powering up over 15,000 Hive
What a day in which I went all in and doubled down on my dreams to make it big on the Hive blockchain and I've staked more than 15,000 Hive tokens into Hive Power. This represents a shift in strategy as I think that Hive is still undervalued considering all that's happening in this ecosystem and because the crypto market is yet to be more bullish. The fight against inflation might soon reach a turning point and with that I hope to see a better sentiment on the financial and crypto markets, which should breath some fresh life into them. So now I thought it was the right time to make a move and see how it plays out.
Up until now most of my Hive Power was grown from content creation, curation and engagement on the Hive platform and it stands at 15,078.261 Hive Power. Besides this I was putting aside HBD and using the 20% APR from the Savings to ensure a steady revenue stream. But considering that Hive is trading well below $1 (actually around $0.405) and the fact that from curation and passive appreciation you can get to a 10% APR, I considering that is worth to make this exchange considering the potential for HIVE price to increase in the next period. Thus, I have exchanged all my HBD summing $6,400 into 15,789 HIVE at a market price of $0.405. Next, I powered it all and ended up with 30,906.068 Hive Power.
I appreciated Hive blockchain from the first days I've discovered it and I've witnesses its potential during bull markets to outperform more know assets from the crypto world. Probably I could have done this move earlier when Hive was hammering around $0.30, but I feel that making the move now it is not too late. With this there is also a greater responsibility as I need to keep up my engagement levels in order to reach around 10% APR from curation which coupled with price appreciation should get me better levels than the 20% APR from Savings.
My strategy moving forward is to convert any HBD that I get my hands on into Hive and after that power it all up. I will be doing this probably for a long time while I'll be waiting for the market tides to turn around and to see a better sentiment in this space, which should be translated at some point also in the price. But while that happens in the background, I will simply continue to create content, curate and engage as high levels to grow my account even more. Because in the end, this is the way!
PS: I wished I did this staking on the Hive Power Up Dat #HPUD on 1st of April, but as my HBD withdrawal got processed only afterwards I had to wait a bit. Nevertheless, better late than never!
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Hive is indeed undervalued and I think you'll get a much better ROI in the medium to long term than the HBD 20% APR in savings. A big congrats on this big power up! The fish has doubled in size :)
Thanks and well said that the fish has doubled in size, but still a Dolphin.
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That's true. You're already half way through in becoming an Orca and I think with the enhanced compound effect it won't take that long to get there. You're most welcome.
Astonishing! This has to be be the biggest power-up this year entirely, I have a strong feeling that that was the right move, although steady income stream isn't bad. Congratulations on hitting 30k plus.
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Much appreciated and indeed it was a big leap. Let's see how it plays out on the long term.
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BOOOOOOOOOOOOOOOOOOOOOOOM!
Shaka Laka Boom Boom!
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Bold step - I like it!
By the way, if you could vote for me as witness, I would appreciate as well 😉!
Thank you and I didn't know you were running a witness as well. Voted it!
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Many thanks!
Yo, I didn't know you were running a witness either. Voted too (I don't have that much HP, but hey, at least its something xd)
Many thanks! Every Hive counts!
Awesome...moving towards becoming whale now
Yeah... I wonder how much HP is required to be entitled as a whale. Do you know?
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Orca - 50K to 500K
Whale - 500K above
The numbers have changed I guess. I had to reach over 56k for Orca.
Congratulations to you in advance
You are becoming bigger and better
I wish to be like you someday
Grind and hustle, be consistent and work towards your goals!
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If hive goes to $0,44 you already have your break-even point with HBD in savings.
The upside of hive is huge, short term there’s risk obviously, but with all the games that are launched l lately we should see a dramatic increase in demand for hive power to get resource credits.
At $0.44 I would indeed make the 20% APR from Savings which is for 1 year. That theoretically should play well, but never know with the market volatility.
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If hive would be at $1 dollar, then that’s enough.
I can easily see Hive do that, with all the development that is going on
This is HUGE man as you powered up 5,827.80 HIVE
Many congratulations. I hope some day I can do this kind of bigger power-up. Way to go man.
Good move!
Thank you!
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Nice power up dude! Hive at this price is insta buy!
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That's some conviction right there!
Congrats
Well said and I hope this strategy will prove itself.
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That's a SOLID stake! It will definitely pay off down the line!🤜💥🤛
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I hope so as it is a 100% shift in the strategy moving from the 20% APR of HBD to the 10% APR of curation on HIVE + volatility.
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Over a two-year period, it will make a massive difference... short-term volatility is noise.
This is one of the massive power ups. Congratulations man. Keep growing. 👏
Truly appreciated and you'll hear me shouting again probably when we are at $1 for Hive 😆
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Yes soon. 🙂
Damn that’s an amazing power up! Congrats! I’m shifting back to HP myself now that my savings is at a pretty good spot considering. Still far lower than many but like you I think HP will be more useful than HBD for me in the current term.
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This is amazing! Congratulations on the huge power up. As land is comin on SPL, most of the funds go there.
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Nice powerup and that is a lot of hive. I still want to have some HBD so I don't think I would bother converting all of mine but I do think that having more HP is a good thing. I am just slowly increasing my HP each week and it will make a difference over time.
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Congrats man! I feel like its more profitable to buy Hive with these prices instead of earning the 20% HBD APR on savings.
Now let's hope Hive will reach $1 soon :)
Congratulations for the big power up.
Congratulations on reaching 15,000 Hive Power.
I thouroughly enjoyed the increased influence on the reward pool when I hit that mark on Steemit, and I hope to reach it again. I am adjusting my accumulation efforts as I have reached my Leo goals and I am working on my SPS goals. Althoguh I see the value in focusing on Hive versus Splinterlnads. Hive maynot stay sub one dollar forever, so it is a smart time to accumulate.
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