I've been thinking about it for a long time...I keep accumulating more and more BTC...I don't stop...however, at some point, part of that BITCOIN should be transformed into FIAT...it's not that I don't believe in the promising future of BITCOIN, obviously I fully trust in its splendor but the years go by and time is pressing, at least for me who is approaching the "evil" fifties of my age...
Everything has a moment, accumulating has been my motivation these last few years, and I continue to do so but my plan is to live off income as soon as possible and enjoy my retirement earlier than normal.
That's why I've been looking for recurring passive income for a long time now, whether with rents, dividends, remunerated accounts, etc...and I'm currently looking to do it with part of my accumulated capital in BTC.
My plan with BTC is to take advantage of this Bull Run to make recurring sales of my stake as we go up and immediately transform them into HBD.
I want to accumulate a significant amount of HBD in my savings accounts so that I can reach a "sufficiently" significant passive income per month...
I don't know the monthly target figure at the moment, I think it could be around $700 or $800 if I manage to accumulate an amount of HBD above $60,000.
Obviously, everything has risk, although I think I have assimilated that the risk of HIVE can be almost equal to the risk of BTC, in fact, everything depends on how BTC does at a regulatory level in the near future but, for me it makes a lot of sense to "enjoy" those passive incomes with HBD while everything ends up taking shape... I don't think that, at this point, I have the same approach with respect to waiting in the long term to see what happens, so I calm my nerves by "realizing" the profits monthly without having to decapitalize...
Surely, the destination of this additional payroll in HBD will be the purchase of more shares of dividend companies but I also think about accumulating more HBD or even buying more BTC if conditions allow it...
I think it is a Fantastic Plan and I am surprised that most people in HIVE do not realize what this Blockchain can offer them in terms of financial freedom.
Btw, today is the first of the month, day to execute our monthly ritual!
Have a very good #HPUD day!
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Bitcoin maxi's will hunt you down... 🤣
What's do you mean... sell BTC? They don't understand the concept.
HBD sounds like an viable option, to have some regular income that doesn't fluctuate compared to fiat.
I'm thinking about building up my HBD holdings too.
Yes, sell of part of my sacred BTC
Hey, you have a thing here, buying $HBD with BTC 😁
I am still doing both, staking both. Although I might invest more in $HBD. In fact, today I made the first step.
Good luck!
@tipu curate
Upvoted 👌 (Mana: 65/75) Liquid rewards.
I saw it!
cheers!
That sounds like a decent plan. Taking profits and getting back in when things are cheaper isn't a bad idea at all.
Happy HPUD.
You already bought a lot of HBD, good. It provides passive income through savings
Everyone is trying their best. Good luck. You are doing good job.
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