My Current Hive Engine Management Strategy
One of my mentors once told me, “manage your money or your money will manage you!”
So lately I’ve been trying out strategies to manage my crypto rewards over time so that I’m in a better position to take advantage of pumps and dips as they come...
I’m using most of my rewards for account growth right now until I reach some of my crypto goals. But I’m also building different balances that I can have ready for taking advantage of swings in the market.
All of these strategies are more for long term success on these platforms. I’m planning on being here for a while...
Now let’s get into the My Hive Engine Strategy...
My Hive Engine Strategy is gonna be a little different than my other strategies. This time I’m gonna be mimicking a 3 account system. And I’ll be splitting my balances between:
- Tribe Tokens (Leo, Ctp, Jahm, etc...)
- Investment Tokens (Index, Bro, Spi, etc...)
- Swap.BTC
I’m using the hive engine as more of a growth tool for my hive account right now, but it’s still nice to have tokens that aren’t powered up. Just in case I want to take advantage of a move in the market.
And just looking at what’s available on the hive engine, this seems like the best set up for me to grow my account and automate what I’m doing with my rewards when I get them.
Even if I don’t maximize my profits, it’s nice to have a plan for what to do with my rewards, and not have to be thinking about it all the time.
My process is super simple...
- I swap 30% of my tribe tokens tokens for hive
- I’ll take 10-50% of that hive and swap it for swap.btc
- I split the rest of my hive between any investment tokens or comment tokens that I want to buy.
- Then I go back and power up all my tribe tokens
And the plan is to do this every single time like a robot.
But that’s how I’m rocking splitting my rewards right now. If you have any thoughts or strategies you’d like to share don’t hesitate to drop them in the comments!
That's great friend, we need to have a strategy. I like the idea of buying into swapbtc and remaining as liquid as possible to trade the swings.
Posted Using LeoFinance Beta
Yeah I usually have everything powered up, but I think I’ve gotten to the point where I can still grow my account and build balanced.
But thanks for stopping by.
Enjoy this hive bull run!
That's a great strategy man, I try to come up with the right mix myself at the moment, something I can just do but without any real trading because that has never been my strong suit, I wish you an awesome day.
!BBH
Woah thanks a lot! I just checked to see what this was on the hive engine, too cool. Do you know if we need to have a certain amount to tip other users?
this is cooler than swap.btc
Yeah so to tip with BBH you need to have 1000 of them in your HE wallet, and you need 1k per 24 hours for every tip you make, for more details talk to @bradleyarrow since he is the one behind it.
!BBH
Try to be in front of it also. Lol
😂😅
Too cool I've almost got all the engagement tip tokens I need to command the bot but this is next on the list for sure
Here is one more.
!BBH
Because this is such an awesome post, here is a BBH Tip for you.
. Keep up the fantastic work
Because this is such an awesome post, here is a BBH Tip for you.
. Keep up the fantastic work
Because this is such an awesome post, here is a BBH Tip for you.
. Keep up the fantastic work
https://twitter.com/AndersonSBrad/status/1375153391589076998
Just followed you 😁
!BBH
Thanks man! Really cool project!
Thank you 😊 !BBH
Because this is such an awesome post, here is a BBH Tip for you.
. Keep up the fantastic work
Because this is such an awesome post, here is a BBH Tip for you.
. Keep up the fantastic work