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RE: The Secret to Maximizing Your Earnings on Hive

in LeoFinance2 years ago

Ive learned that I don't love paying gas fees or having to tend to my farms or having to do basically anything with metamask.

I think I'll just let those assets grow now.

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The CUB I have is in the Kingdom, so it's all on auto-pilot. The Kingdom contract does the farming for me. All I do is deposit-and-forget.

My most recent purchase of CUB was made using my first major experience with stablecoins; in this case, DAI. I chose DAI because it's used by a number of blockchains. Unfortunately for me, the DAI I had withdrawn from the centralized exchange was the ERC20 version; you can understand my disappointment then. Leobridge was taking too long, so I had to do things I didn't want to do.

Next time I buy stablecoins, I need to match them with my target crypto asset of choice. For CUB, it will be BUSD with a splash of BNB.

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Will you be using HBD as a stablecoin?

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I will be accumulating HBD in savings. I'll do this primarily using either curation/author rewards and some LP rewards I sell for SWAP.HIVE periodically.

Outside Hive, I'm experimenting with stablecoins to see which ones work best for me as I work with CUB and PolyCub. I was under the impression that DAI was available on several chains, which is why I bought some to use to later buy CUB. Then I discover that the DAI was on Ethereum. Next time I will use BUSD. My plan is buy stablecoins just for getting money out of the centralized exchanges before I use them to buy cryptocurrency I really care about.

I am liking watching your journey.

I hope we are both here in five years, letting all the then newbies know how to reach financial freedom.

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Thank you! I hope to make the journey both productive and interesting.

Between your post about becoming a millionaire by starting with only 100 dollars principle and adding 50 dollars a month for 30 years and forexbrokr's recent post on daily commenting strategies, it got me thinking of how I can transition from blogging as I had been to blogging as a business. It should still be fun, but it can be done better and more efficiently than how I've been doing it thus far.

What I had written for a post on going to tokenized blogging as a business has undergone a few makeovers over the last few days, so I will rework it as how I will make the transition based on strategies I picked up from fellow Hivers as well as finding a focus (if not a niche) for my posts. I'm finding that I do better when I write posts in service of others rather than just writing for myself.

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Will you be posting it soon?

I like blogging on the tribes too, but I have seen so many come and go that it makes it hard to put a whole lot of time into them.

I didn't used to be comfortable writing about finance mainly, but I think that's the direction I want to head in.

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I'm working on another rewrite of this post right now. I want to post it tonight or tomorrow. I'm tightening it up first before I add more to it which makes sense for the rewrite.

Along the way I'm linking back to older posts of mine. Then there are the images (where I usually get hung up).

I should have it up within 48 hours.

As for finance, it doesn't need to be complicated like what we find at Bloomberg or CNBC. Personal finance and home finance seem to be underserved niches here, yet we need to get a handle on either or both before we can do any other kind of finance. Personal finance without banks would be a big deal since most people think it can't exist. When people see that such posts absolutely fit under the LeoFinance umbrella, perhaps then we'll see more of them. I look forward to reading your posts in this niche!

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