Here is how I am doing DCA in CCD to accumulate HSBI | Bought 8k and staked 10k CCD tokens

Hello to my fellow community members,

Friends, it has been 8 days since I last bought anything on Hive Engine. I have been investing in different tokens regularly, but this time it has been more than a week without a single purchase.

First of all, I want to share a screenshot below which shows the historical data of my CCD token accumulation. As you can see, I bought 3000 CCD tokens on the 21st of August, and today is the 29th of August so it has already been 8 days.

My target was to buy 1000 tokens every day because I wanted to practice dollar cost averaging on this token. But for the last few days I have been inactive, and only 2 days back I started getting active again. So today I am here to buy this token once again.

As you can see in the screenshot below, I only have 2.5 Hive for which I will get 5438 CCD tokens. But this is not enough to make up for the last 8 days because I should have bought around 8000 tokens in total. So now we have to figure out something to balance this.

Friends, in the screenshot below you can see that we deposited 25 Hive into our Tribaldex account. This will help us continue accumulating CCD tokens for at least the next few days.

I did not have to pay much for this purchase. As you can see below, I only spent 3.82 Hive to buy 8015 CCD tokens. So friends, it was not really a big amount that I had to pay extra.

Now my total CCD token count has reached 12000 CCD tokens, which means I am already 10 percent closer to my target. My goal is to collect 1 lakh CCD tokens and stake them, and as you can see in the screenshot below, I have already crossed the first 10 percent milestone.

The ultimate target is to stake these tokens, because once I stake 1 lakh CCD tokens I will start receiving HSBI units as well. That is the main reason I am so curious and motivated to reach that amount. Of course, I know I cannot buy that much in a single day, but if I continue practicing dollar cost averaging I can achieve this target easily without putting too much pressure on my pocket.

As you can see in the screenshot below, we have already staked 10000 CCD tokens while keeping 2000 tokens liquid. So yes, we are officially 10 percent towards our target.

Friends, HSBI units are really beneficial if you are on Hive blockchain. They work like daily reward generators where based on your HSBI holdings you accumulate vote value, which gets applied to your next post when you publish it.

That is why I want to collect as many as possible, and doing it through CCD tokens feels like a good strategy in my opinion, so I am already working on it. If you also want to buy CCD tokens, you can get them from Tribaldex.

That is all for today’s blog, friends. Thank you for reading and goodbye.

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