Building Wealth on Hive: My Journey of Powering Up and Planning Ahead

Well, we all have different goals and some people have short term goals and some people have long term goals. Many people earn good profits in the short term and they do not have to invest for the long term. Everyone has their own strategy as to how they are investing and where they are investing. Some people wait for opportunities and they earn good profits in the short term and they do not have to wait for the long term. Everyone has their strategy and accordingly, people earn profit and in this way, they keep learning new things. Although it is often seen that people make good profits in the long term if I talk about myself then my situation in terms of investment is not that good, even though I keep investing regularly, as of now I have not made any profit, this is what I am thinking, but everyone has their strategy and I invest everywhere according to the long term and because when you invest anywhere for the short term, you have to track a lot of things and you have to wait for the opportunities, sometimes here profit come in a few days, sometimes months and sometimes you have to wait for all these things for years.

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If I talk about myself, I am made a lot of withdrawals from the platform (Hive)and also invested here and I feel that I will get a very good profit in the long term. Earlier, I may have ignored many things but I am focusing on those things like increasing my power where my focus has been, this year, in most of the months, I have focused on increasing my power and 100% of my posts on power up, yes, apart from a few posts, but this year my focus area is to increase my power as much as possible, it is a great relief, now see how far I can go by the end of this year, there are many options available through which you can earn from here and increasing the power and strengthening your stack(power) is the easiest way through which you can earn from here. This is not the only option, there are many options available here, which they have known for a long time that yes, there are so many opportunities through which you can earn money from here, the people who know here are also following all those strategies.

Everyone has a different mindset, they do things accordingly, some people focus on increasing power here, while they just focus on power and I also like this strategy because if your focus is on one thing, then you can focus on that thing well and you start building that thing, as we are seeing that nowadays there are a lot of ups and downs in the crypto currency for the last few months, but if I talk about the type, then you have seen a decline in the price here if you see the chart of the last 6 months, then you might be incurring losses, but I feel that if you look from a long term perspective, then there is a good opportunity right now to invest here and increase your power as much as possible because even though its power is less today, but next year or maybe at the end of this year itself, you will get to see a good increase and it will not be a big deal because it is very possible to happen and its chances are also very high. I am not advising you to invest now do something else or take any kind of risk. All this should be done with your planning and understanding. You should not be affected by what others say or suggest.

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Some people earn good money by trading here. By swapping and converting HDB to Hive and Hive to HBD, one can earn good profits but for that, you have to wait for months or weeks and sometimes if you are lucky, you can make good profits. I would suggest that right now hive is almost at its bottom, so if you have liquid HBD lying around, you should convert it at this time and if you have patience, I think you can make a good profit in the next one or two months. If you want to swing, you can do this once or twice a week and it gives a lot of profit. I used to do this a few months back and I made a good profit from there and I invested all the earnings. Right now my entire focus is on building my power. I hope that by the end of the year, I will probably reach the power of 45k. Let's see what happens next.

By the way, HBD Savings is also a very good option to generate passive income on hive. If you want to invest here, then earlier the upper limit used to be 20%, but in the last few months this interest has come down to 15%, even now it is a very good upper limit if you compare it with traditional banking or other things because getting only 15% interest in a stable coin is a very good thing and if you are earning 15% interest by keeping HDD in savings, then it is a very good thing, I invest in HBD Savings here sometimes, my focus this year is just to increase my power, after that maybe I will think about it, my planning is that if the high reaches around $1, then I will convert some liquid hive into HBD and put them in savings and whatever interest I will earn from there, I will keep powering it off from time to time and will keep doing this process again and again, this is just my small plan, rest will go according to what happens, what is your plan Do you prefer to trade or power up or invest in HBD savings?

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see you in the next post. Keep learning and keep exploring...

All the Images are Made Via Canva unless otherwise noted.

Translated via Google Translator, The content is original.

Thanks a lot for staying till the end 😃🙏, Let me know what you think.

Never forget one thing you should be grateful for because someone has a dream of what you have. So learn to be grateful. Be Thankful.🙏😀

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@bhattg
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