Hello all friends and $LEO lovers.
The savings play a very important role in the our life and I am trying to make it a habit in cryptocurrency world. In my knowledge the Hive Backed Dollar (HBD) saving are the best way to invest and good part is HBD is a stable coin. The Annual Percentage Rate ( APR ) is at present 15%, which was 20% last month so their is a reduction of 5%. I personally considered it big change which was suggested and implemented by the witnesses. I have dome all my calculation for HBD saving as per the 20% APR so that will also not valid because of the 5% reduction.
The change of 5% in APR is good or bad and this is a topic of debate. I have gone though some posts and some of then take it as a positive step and some of then are not happy and consider it a a negative step. Personally I feel bad when saw the number 15 in place of 20 and also get disappointed. But still not changes my year end targets. I am still working and putting my best efforts to achieve the target.
My HBD Saving Progress
It has been more then two years I started accumulating the HBD in saving. I set my personal target of 2k Hive Backed Dollar (HBD) in saving. We are in the month of August so we left with four months of current year. In the last year I put more then 1k HBD in saving and that give good boost to me HBD saving and also give me confidence to put more HBD in saving. I am using the reinvestment strategy as not taking out any HBD form saving and all earning form the saving go bac to the saving to increase the accumulated amount. This is the good way to increase the investment. So I am not thinking to take any HBD out and only working toward to meet the target I set for myself.
Till now I am holding 1577 HBD in saving. Today also I claimed the monthly saving rewards which were slightly more then 20 HBD, which are less then last claim by approximately 5 HBD. Reduction in 5 HBD per month earning means 60 HBD per year. The decrease in HBD earnign are because of the reduction of APR. No doubt it will effect my targets also. But for the tie being I am not changing any year end target and still trying to achieve it. As usual all the HBD I claimed they all goes to saving, so after that the final HBD I am holding in the saving is 1,598.513. Punctuality plays a very important role her, be on time when claiming the HBS saving. Their is minimum 1 month interval required to become eligible for the claim. And if we do not claimed on time that means we are loosing the APR on unclaimed amount. For now it looks a small amount but do not forget that a small - small saving only make the final amount big.
With slightly more then 20 HBD added today and the current HBD in saving are slightly more then 1597. For the time being HBD form the monthly claimed are the main source to increase the number in saving. I still need 403 HBD in next four month, which is almost 100 HBD per month, to achieve the year end target. Slightly more then 20 HBD I will received as rewards form saving itself. Recently I used to make purchase with HBD and spend more then 400 HBD. I must be completed the target by now but I must say using the HBD was another adventure I feel.
Conclusion
Currently, I already have more then 1597 HBD saved up, which is earning me a awesome 15% Annual Percentage Rate ( APR) , that means approximately 20 HBD I am earning every month. I am posting at least one post everyday and that is the another source of earnign HBD for me. The rewards form the post earnign divide into HBD and HP at present so accumulating the HBD form that source also. I have not shared my experience of using the crypto in rea world because of the time constrain but will draft and share my experience soon.
What are your opinion, let us know in the comment section.
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Posted Using InLeo Alpha