Buying and Staking 250 BBHO for BBHO Powerup Day!
Today is BBHO Powerup Day! Every 20th the month, we gather up our BBHO and Power it UP.
For those unaware, BBH stands for "Bitcoin Backed Hive".
It's token (different from BBHO) whose value is determined (or at least greatly influenced) by the valuation between BTC and HIVE. If BTC goes up and HIVE stays stagnate, BBH makes up the difference. Of course if HIVE goes up and BTC doesn't then the BBH price goes down. Because BTC and HIVE stay mostly even ratios, it makes BBH fairly stable in value.
BBHO (with the "O" at the end) stands for Bitcoin Backed Hive Outpost, which is a blogging platform for open content. By buying and powering up BBHO, we are supporting the BBH token, while also having a great platform to discuss varios topics, daily blogs, token discusions, etc. The BBH ecosystem is always changing (for the better) and who knows what features we may see someday for BBHO.
https://www.thebbhproject.com/
This BBHO powerup day is extra special, because not only am I powering up, but I'm purchasing BBHO from the market and then powering THAT up!
There was 250 BBHO for sale and I scooped it up. Worth every HIVE.
Then I immediately powered up 250 BBHO to my stake.
Proof of powerup.
This brings my total BBHO stake to about 18.3K. Getting closer to my goal of 20K.
I'm currently #5th highest stakeholder of BBHO. Just inches away from being #4th. I own 4.5% of the entire market!!!
Make sure to vote for theBBHprogject for witness. Every vote counts and it's a great campaign!
https://witness.the-hive-mobile.app/#/witnesses/@thebbhproject
Let's make BBH GREAT! #MBBHG
Posted using The BBH Project
Good job, Benjamin. Way to go!
Thank you! !BBH
@hafiz34! @ironshield likes your content! so I just sent 1 BBH to your account on behalf of @ironshield. (29/100)
It would be so easy to buy a large amount of these nearly worthless second layer tokens.
I would rather not invest in them.
Nowadays I focus on Hive Dollar (HBD) savings.
And if I would see real, genuine interest in the content from the Hive users, then I would focus on Hive Power too.
But nowadays this is one of the rarest things on the Hive blockchain.
I could easily become a dolphin, and even an orca.
But currently I do not think that powering up Hive would be really worth it.
Because of the general lack of the real content consumers.
So nowadays I rather focus on rebuilding my Hive Dollars (HBD) savings.
There are only a few 2nd layer tokens that I would invest in. They don't always pan out, but more often than not, they do great, especially if the investment is done early. If you esteem 2nd layer tokens worthless, then certainly do NOT invest in them, but remember that investing in worthless tokens that someday are worth something, is how wealth is built on the blockchain.
In 2010 BTC was worth LESS than HIVE is today. Not a prediction or claim, but some perspective.
Building and saving HBD is a good investment, but being wise between HIVE/HBD goes a long way. Patiently stacking liquid HIVE and waiting for a nice bubble to sell for HBD, then putting it into savings, is how I got to $120/month in interest. Not perfect at this, I never sell for HBD at the right time, but I avoid selling at the wrong time. HIVE at 0.25 HBD sounds pretty good, but I know it's the wrong time.
I disagree, building up a strong HP helps overcome selling HIVE too low. Once HIVE overcomes $1.00 for a month average, it's time to begin powering down 10 or 20 percent. But in the meantime, there are so many excellent delegation options for HP that offer passive income that helps build that liquid HIVE that is needed when the time is right.
HP is not just for active curating, but can also be a passive income stream.
Dogecoin went through a similar increase in value.
And I sold approximately 10 000 Dogecoin many years before it became popular, exactly because I thought at that time that Dogecoin will not have much value in the future.
So I see and I experienced your perspective too (by making a selling mistake in the past).
Recently I started to try to do something similar.
Today I placed a sell order on the internal market.
From a financial perspective, powering up Hive is indeed obviously worth it.
But from the social aspect, it is not worth it.
If people do not care about my posts, if my Hive Power is low, then they would not care about my posts, if I would have a higher amount of Hive Power either.
They would only pretend to care.
To grab my attention, to try to get upvotes from me.
And I would rather avoid those people.
This is why I write that powering up Hive is not worth it.
I know.
I already delegate Hive Power to @ecency and to @visualshots.
If you know any other good Hive accounts for Hive Power delegation, then feel free to mention them in a comment.
Thank you.
I will build my Hive Power too in the future.
But I focus on the Hive Dollar (HBD) savings in this month.
Great job. That's a lot of BBHO.
!BBH
!lolz
Thank you, it was worth purchasing! !BBH
@logen9f! @ironshield likes your content! so I just sent 1 BBH to your account on behalf of @ironshield. (2/100)
Congratulations @ironshield! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 47000 replies.
You can view your badges on your board and compare yourself to others in the Ranking
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STOPVery interesting. I was wondering what that meant in your comments!
Yes, all these !BBH calls. I can do up to 100 in a day! (I don't though) !LOLZ
lolztoken.com
It's a little meteor
Credit: reddit
@apanamamama, I sent you an $LOLZ on behalf of ironshield
(6/10)
@apanamamama! @ironshield likes your content! so I just sent 1 BBH to your account on behalf of @ironshield. (30/100)
Hi, @ironshield,
This post has been voted on by @darkcloaks because you are an active member of the Darkcloaks gaming community.
Get started with Darkcloaks today, and follow us on Inleo for the latest updates.
[@PowerPaul:]
Hey buddy. The @CryptoCompany Voting Service and its trail were here!
Thank you for your support & Hive a great day!
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lolztoken.com
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@ironshield, I sent you an $LOLZ on behalf of ccceo.voter
(5/6)