My mission for 10k HBD and eventually 50k HBD in savings!
Free money
We all have a desire to live freely, with almost limitless amounts of money at our disposal. And let these interesting web3.0 and crypto currency times have immense opportunities for that.
First of all, the farts of our brain bring us in money by just posting those brainfarts onto this blockchain.
The Hive Power we have staked bring us in extra money by curating other people’s brainfarts. Again, free money with very little effort.
And then there is Hive Backed Dollar…
HBD is a money printing machine
Today, I have approximately 1300 HBD in savings. These bring me in about 21.5 HBD interest per month. So, that growth is quite substantial. But what if I put 10k HBD into savings, then my monthly interest would be around 180 HBD. 50k would rake me in 900 HBD extra every month. That’s my mortgage payment!
I am very intrigued by this, and therefore I am going to up my stake into Hive Backed Dollar bigger than ever.
Every post I make will have the 50/50 HBD/HP split, so my stake will grow faster and faster. And, I will put in extra money every month into HBD through various ways. By selling Hive Engine tokens, scalping other projects I have running and some of my wages. This way, I should approach the goal of 10k HBD by February next year. If I keep this tempo up, and the interest stays the same, I should be able to get to 50k by the end of 2024. Without having to sell any Hive.
I know this sounds ambitious, but it is definitely possible, especially because of the rate between USD and EUR is around 1,10 in favour of the EUR. So every 100 EUR brings me 110 HBD.
The only downside I fear is the interest rate dropping as by June of this year there was already 6 million of HBD in savings, and I think only double that is sustainable right now…
We’ll see how long it stretches, but I will profit from it, that’s for sure!
Let the free money come!
Sincerely,
Pele23
20% apr is attracting people, Hopefully, they will not lower the APR and HBD in savings and will continue to grow in the coming months/years.
This is a good aim to pursue and I wish you the best.
Another good alternative is the LasseCash pool currently paying 17% on a token that CAN GO UP IN VALUE.
Posted using LasseCash
LasseCash also tried to scam Hive by proposing that the DHF fund give @lasseehlers 60,000 HBD so he could buy his own Lassecash tokens with DHF funding and artificially pump the price of Lassecash. According to @lasseehlers if he dupes people into thinking Lassecash is valuable when there is no real demand than the fooled people sign up in lassecash.com which would "promote Hive" but @lasseehlers would only upvote flat Earth and conspiracy posts while he promotes other peoples' crypto scams.
If you don't know why @lasseehlers has such a low reputation score oh Hive the recent attempt to get the Decentralized Hive Fund to give him 60,000 HBD to fake pump the value of Lassecash is the most recent reason of many reasons.
Anyway @pele23 good luck with your 50,000 HBD goal. Don't try to take shortcuts by proposing other people fund a "get rich quick" scam and avoid people trying to get you to buy their shitcoins.
Euh, I don’t I have ever proposed or promoted any scamcoin or shitcoin, at least not to my knowledge… I hope I didn’t give anyone the wrong message😳😳
I think both HP and HBD are money printing machines. With a considerable amount of HP and HBD, we can meet our needs in life. I have accumulated more than 700 HBD and I will go on as long as the %20 yearly interest rate remains ;)
Good luck with the plan! I'm aiming to put something like $10,000 into savings at the end of the bull market.
Best of luck with your goal. It is a fact that 20 percent APR is very good because nowadays people want to earn money that way. The best thing is that the amount of money a person has is also saved in this work.