This time, I let a little more time pass between posts in this series. It honestly became a bit monotonous, and the number changes were barely a few tenths of a percentage point. I always knew that for a capitalization system to work, it takes time.
Some things have changed since the previous post to this one. Before I go into any more detail, I emphasize that everything I discuss here is my experience. I primarily use the profits obtained through publishing content on the Hive blockchain, using faucets, or PTC (Pay-to-Click) pages. Everything mentioned here is related to the Hive blockchain or its Layer 2 tokens.
Disclaimer: What you do with your money is your own responsibility. Do your research before investing.
The concept of snowballing Hive came to mind while analyzing my personal account and looking for ways to earn dividends in $Hive beyond publishing content. It's simple to understand, can be applied to any other investment scenario, and primarily uses savings and compound interest.
The first steps are always the hardest because we usually have no capital, no knowledge, and no room for catastrophic mistakes. It took me about two years to reach my first 1,000 Hive in staking (Hive Power [HP]). However, since October 2024, it has increased to 1,881 HP, at a rate of 100 HP per month. At this rate, it will take me 10 months or less to reach my second 1,000 Hive in staking. Taking 58.3% less time to go from 1,000 to 2,000 than it took me to go from 0 to 1,000.
So, why not do a snowballing strategy with Hive income? What would be a strategy to accelerate these first steps from 0 to 1,000?
Of course, this only applies to those who view their Hive account as a personal business and are in it for the long haul. If previously we explained the two main strategies for implementing this concept of snowballing Hive, today we're updating you on what I'm doing.
First, I receive 100% of my blogging rewards in HP. I have a goal of reaching 3,000 HP this year.
Taking advantage of the $HIVE drop to 0.19 cents a few weeks ago, I withdrew some of my HBD from Savings, converted them to Hive, and then sold them for a 20% profit. With this nearly $13 profit, I bought LSTR and LEO tokens.
I'm still staking 120 HBD to earn 1.25% monthly interest passively, or 1.5 HBD in monthly interest. But this is a fund that can be used at any time to address a need or take advantage of an investment window.
I convert all the extra HBD earned into selected tokens to increase their amount through staking, delegations, or to increase my position in the liquidity pools in which I participate. The goal of using this compound interest is to create a base that allows me to meet expenses without affecting my HP and, if possible, the interest earned to cover my basic monthly needs. A tough challenge, but it's a long-term one.
In Cuba, about 20 HBD would be enough to cover basic survival needs for a month; in other countries in Latin America, Africa, or Asia, the figure would be 200 to 300 HBD.
Another area where my long-term investment has increased is permanent HSBI units. I now have a total of 908 units. This allows me to have a stable and secure income on Hive through my posts.
If you want to learn more about HSBI Click Here
Finally, I'm looking to diversify my profits through Layer 2 tokens and liquidity pools.
The remaining tokens not on the holding list are being converted to Hive or one of the listings to be included in liquidity pools or staking. In Cuba, we have a saying: "He who grasps too much, squeezes little." In other words, focus on a few valuable assets and you'll do better than trying to be everywhere. This idea holds even more weight when you have little money to invest. While you may feel FOMO when you see others buying large amounts of a token or investing a lot of money in a project, we have to be clear about our reality and not change strategies willy-nilly.
Changes must be considered and tailored to our needs. That's why I maintain a pool that I closely monitor. No matter how much I love a token, if I don't see clear progress or benefits, I exclude it and invest that investment elsewhere. This is the reason why I started the $NEOXAG unstaking process. This will take 91 days to complete, so I doubt anything will change that would make me hold those tokens. The idea is to increase my holdings in $POB, $BEE, $BBH, or $LEO.
Waivio, Alive, and LOLZ are others being soaked. For now, my priority remains on the following list:
Staking token delegations:
Due to the LEO model's update to a deflationary model, the rewards associated with this token vary; so far, the scenario remains positive due to the increase in value. For this reason, and with a future perspective, I have increased my holdings of this token. While it seems like a safe bet, with little capital, I try to build wealth little by little; in this sense, I am somewhat conservative.
Of the $BBH token, I own 10 526.86 BBH, which gives me a weekly profit of 0.04820759 SWAP.HIVE and 0.064 LEO. The amount of BBH increases each time I use the !BBH command to tip a user.
As for BBHO, the goal is to reach 10 000. I currently own 651.90 BBHO. This token can be earned by using the #bbh hashtag as the first hashtag in your posts.
BBH and BBHO are tokens that pay dividends for holding or staking them.
I removed all the $CENT tokens I had staked and added them to the SWAP.HIVE:CENT liquidity pool. Choosing where to contribute liquidity is a matter worth considering here. Token volatility, trading volume, APR, etc., should be taken into account. In my opinion, the more stable the pair is (one token versus another), the better.
See impermanent loss
This was today's update. I repeat, what you do with your money is your responsibility. Do your research before investing.
If you have any thoughts or questions to share, I'd love for you to leave them in the comments.
Posted Using INLEO
Estupendo cómo continúas incrementando tu sólida evolución y lo compartes para que podamos aprender. ¡Gracias por ello!
¡Si puedes, luego cuéntame por wsp cómo hacer lo de la liquidez en piscina please!
Lo de la piscina de liquidez lo puedes hacer fácilmente a través de tribaldex.com