ASK LEO: 20% HBD SAVING APR OR GROWING MY HIVE POWER WALLET?
Before this time HBD saving percentage was at 12 percentage APR that the annual percentage rate. So a decision was made by all witnesses to increase the HBD percentage interest rate from 12% to 20%, immediately it trended on the go on hive bkockchain. With all that being made, the steps and decisions made by the hive witness is to encourage people on how to save and earn certain anunal percentage rate on the amount of HBD crypto currency you are capable to save. Another for this is, reducing the amount of HBD conversion on hive blockchain. I wouldn't also deny that I wasn't on this track before, immediately my hive rewards token(HBD) drops, I wouldn't even think twice before converting it into Hive token.
MY DECISION PRIOR TO THE INCREASE IN 20% ANNUAL PERCENTAGE RATE(APR) OF HBD SAVINGS.
Has increase in the 20% annual percentage rate of the HBD saving changed my own decision? I think NO, because I have already made up my mind to grow my hive power(HP). That's the reason why I am staking or powering up heavily. Immediately my rewards drop from my contents,I always immediately convert my HBD rewards to HIVE TOKEN through the internal market. Then after that, most of my decisions have been to power up. Though I am not disputing the fact that the HBD APR saving is not a good idea, even to any other person but you know there are some decisions everyone has made before the increase in percentage rate of HBD which might not even change some people earlier decision. Just like me, my decision has been to improve and invest on my hive power over time.
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I think people can decide to be creative with how they want to grow their account, the APR from HBD can be used to buy back Hive seeing that it's actually cheap at the moment.
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Hmmmm🤔
That is another strategy you share there Buddy. The issue is you can only grow this fast if you are having like high HBD to save,you know the high you save,the more your interest. Thanks for your comments
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I would say, both, split the posting rewards 50/50, and transfer your HBD to your savings. That way you grow both. At least, that is what I do. But I am going to add some extra HBD to my savings account soon. The interest is just too sweet!
Hmmmm!🤔
I will try what you have said....
Thanks for commenting
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I agree I've been paying more attention on the HBD savings when I don't even have enough to save🤦♀️🤦♀️
Time to restrategize!... Thanks for sharing.
Yeah
Like me,I have wanted to grow my hive power first to some extent. When I am satisfied, I might turn my attention towards saving in HBD APR. All are good moves anyways.
Thanks for commenting...
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Yeah.. Both are good moves but for a growing account like mine, I think HP growth should be my focus.
20% is really awesome offer. I'm trying to save some HBD to power up more in future. Good topic you’ve discussed bro.