Bringing back my hive - strategy ahead

End of High APR derived the decision - I almost forgot how to withdraw.

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The high APR fest in Binance did not last long and it does not make sense now to keep hive there as we can earn more by staking them and earning from curation rewards. If you remember, then I highlighted the high APR of 45% in this post after which many hive users got lured and deposited and registered in their Simple Earn program. I don't go much behind numbers but earning close to 53 hive is what showed up in the report. Looking at the daily rewards it was pretty negligible, so I decided to bring them here and power up. It will also increase my vote value, so that will also allow me to distribute a little more and support others.

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Interestingly I almost forgot how to withdraw to my wallet, as Binance kept on prompting for a memo key, so at first I tried with 1 hive, without a memo.

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Once it went through, I transferred the remaining amount and they landed in my wallet almost instantly, which I powered up.

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Now coming to my strategy for hive, at one point I thought, I would power down and convert them to HBD, as that will give me financial freedom by providing some stable income as HBD interest. However, that would be a reality if hive price reaches a significant level (at least 2$), that would allow me to have significant number of HBD. Some analysts of our chain even predicted hive could reach 20$, and that would probably make each of us rich in this bull run, but unfortunately now no one knows, if we really will have a bull market for alt coins.

However, I am still optimistic and think, we will have some magic by November. So I will probably start powering down 150k hive and have them in liquid to be prepared for any opportunity that may come our way. Given that it takes three months of power down, starting in the 1st week of August makes sense. If things do not turn out magical, then I will power up all stakes again.

What's your opinion on the possibility of bull run for alt coin ? Do you think, we still have a chance to strike through the roof and reach a 2$ price this year ?

And while everything about the price is speculative, one thing remains same - writing my life's blog on this chain won't change - in fact, it will become more intense - the flame has sparkled.

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53 comments
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It's a smart thing to try with a small amount first. It's good to know that you were able to withdraw from your wallet.

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It's a good plan switch to hbd and get the monthly interests to live financially free, as you say there would be needed hive at least 1-2$, i don't think this year we will get that far with the price

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It would really be great if we get to reach the $2 price this year.

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The APR in Binance was quit good, and not sure why they was doing this in the first place. I think you have made a great move. HBD seems to be quite promising , 15 % APR is still impressive in a stable coin. Not sure if hive can go that far. But if BTC will remain in the same place for a few weeks or months then the money can be shifted to the ALT,s then hive can pump for sure.

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Yes, if BTC remains stable, then anything is possible.

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Lets hope for the best if the big companies keep buying BTC then it is going to hard to keep the price stable for a longer time period.

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$2 is just under x10 from here. While it is possible, it is not likely unless we have a real altcoin season. I want a lot more Hive than I have staked now, so for me the price of Hive is irrelevant in this cycle, I will be looking at it in 4 or 5 years :)

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Well, I see HBD interest as a stable income that can provide a livelihood, allowing me more freedom to do more stuffs on hive. However, it needs lots of HBD which is only possible if hive skyrockets. If nothing happens, then will power up everything and wait for the next bull run, which would probably come after 4 years.

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HBD interest at 15% is very juicy, it is too bad that it requires quite a few hoops to get into it from US. Though if SPS gets bridged to Base chain like it was proposed recently it will be possible for US folks to bring in SPS and then trade it for Hive.

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That's really a good strategy. We too think this way that it might reach to a good price, but it's crypto market you never know what's going to be the next second, everything is really unpredictable. But atleast preparing ourselves for something good is really great!
Hope that this time an extraordinary miracle happens!!

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(Edited)

Binance was offering fantastic apr but not anymore so it's better to move hive and as you mentioned HBD so it's a great choice that pays of 15%. For now I think it's good to invest on hive because price is low looking at it's all time high and I am doing this.

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HBD so it's a great choice that pays of 25%

HBD interest is now 15%, but that is still good.

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(Edited)

Oh sorry it's a typo. I am aware that it's 15%. Updated the comments and it's really good

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To be honest, I’m not being optimistic but we may not get to $2 this year
Yes, we may be close to it but maybe not exactly that amount

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You were lucky you get that high APR even if only for a short time. Here in the UK we are not allowed to do anything like that!

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This is how things should go on hive. The withdrawal time is too much and when the price surge user will unable to make use of it. I figured this in the last run up to $3 and since then I alwsys prefer to keeps certain amount in liquid. Such liquid hive helped me convert into USDT multiple times and now again will get ready for another go.

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I alwsys prefer to keeps certain amount in liquid.

That's a good strategy, 3 months power down is a overkill to take advantage of price surge.

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Sir, I think this year we may not see hive reaching 2$... If the BTC remain stable for few weeks then the price of hive may go high..
I am also holding hive and waiting for miracle to happen..

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All these years there have been million predictions about Hive and other alt coins, but crypto being absolutely volatile, I see no clarity on the price surge, despite Bitcoin touching new heights. Though, I am not a whale on Hive, but desire to see Hive reach some reputable and significant price in the near future.

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Let's see how it goes, otherwise wait for another cycle after 4 years.

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yes you are right the high apr end few weeks ago and it is a good decision to move hive to hivepower to earn more reward.

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(Edited)

Nice power up. You could also do one thing..define how much hive power you want to have lets say 180k and once that number is achieved start accumulating all the #hive as liquid. So you don't need to wait for whole power down to happen. And can take advantage early as well if opportunity strikes. Just 2cents here.. Cheers

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I will power down 150k and keep in liquid, and see, if we get any opportunity in November. Else again power up everything.

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Smart move shifting back to Hive, curation rewards plus community support is a long game that often pays better than short-term APR hype.

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I think everyone knew that those rates on Binance probably wouldn't hold. I saw some questioning how they were able to support them to begin with. I think you made a good choice moving them back into your HIVE account and powering them up.

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I actually think the hive strategy is also something I will need to follow and actually learn very soon

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Definitely it will increase I mean hive and your account will boom

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Unlikely to see HIVE at $1 this year. My strategy is to accumulate 60k HBD and buy 1 million HIVE in the upcoming bear market.

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I know Hive will get to $2 someday but doesn’t look like that will happen this year
Well, it’s gonna happen someday and also reach another ATH

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It was the best decision, my friend, to recover his Hive to once again increase his voting power.

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That is an excellent option, my friend, to recover your Hive that you had in Binance and have them in liquid form in case of a run that could benefit us, being attentive to take advantage of this opportunity

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If Hive reaches those $2 it would be great for all of us, my friend, although the bull run of altcoins has not happened yet, we cannot be discouraged but continue giving our best effort in the publications and in the comments to obtain the best possible rewards at the same time increasing our HP which also makes us earn good rewards.

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$2 lines up with my outlook as well; not bad - not great!

powering down now should be a good decision

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Yes, will power down 150k starting august 1st to see, if we get any opportunity in November, else power up again.

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Right! I am hoping for .50 HIVE sooner or later this year. Powering Up is all good, too! 💪😉😎👊

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