I have talked about hbd savings in the past and how it is changing people's lives on hive. The sweetest part about hbd saving is that too many people don't know about it yet and compounding 20% of my money every year is the deal of the century. I had 10k hbd in my savings but when the opportunity of growing my hive power came knocking I took it without thinking.
One of the opportunities hbd gave us all was positioning us to strike a better deal in bear market. Holding hbd was one the best thing that happened to me last year because I was able to e accomplish my 50k hive power. most times when the market drop hard I don't always have the fund to buy immediately but with hbd saving, I was able to invest at a discount rate.
10k hbd
20% interest on 10k might seems like nothing in some part of the world but in Africa that is lot of money and can carry a whole family properly without a problem. the fact that hbd is stable and it can save some parts of the world especially Africa from inflations, where people are seeing their currency going down every day will prefer saving with hbd and on top of that it gives 20% interest can save so many africans lives.
Having 10k dollars in savings is a difficult thing to achieve from Africa because of bad currency. No job and also opportunities are very limited but the opportunity hive is giving us is that even if you struggle to make dollar in your country you can start something here by targeting 10k hbd. 10k interest which is 200 dollars per month will do a lot in some part of the world.
Conclusion
Hbd saving in places like africa is definitely an amazing opportunity and a life changing opportunity, the monthly can do a lot to eradicate poverty in this region. Hive is already changing the world.
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10000 * 0.2 = 2000
2000 / 12 = 166.66
166 HBD per month is still good.
What would be considered a modest life style in your part of the world in HBD terms?
We have some families that are living on 40/ month here, 166/$ per month is really great.
So that could well be considered. perpetual income, if you didn't spend all the 166 each month, and let it continue to compound :)
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Bro, 10k is really decent, especially for people in this our part of the world. Imagine the 20%, and how you used it to grow your HP, it's nothing short of astonishing. In the future, I hope to have close to 15 to 20k just for the APR to buy back
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Have been looking at my hbd savings and I am definitely buying back my stack. It is really astonishing
HBD is more stable and the 20% APR is amazing. The only downside is a 3 day withdrawal process and that isn't even that long. It all adds up and I think the 20% will be around for quite a while because the liquidity of HBD is still lacking.
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Just hoping it stay like this till I make something tangible out of it
HBD is a good thing to people, the interest payout is helping a lot, to have a 10k on savings can help so much in taking care of ourselves.
yes, if your focus on the 20% interest on dollar, as basically it is, sounds good. i read plenty similar posts to yours. none mention the negative sides.
just the main one.
basically, your bet is on the monetary system, fiat currencies, banking system. what is never a good bet, history proven it million times.
so in most of our lives, the average inflation was 3,8% year. perhaps you surprise, because the propaganda machines never push there is always inflation, but you probably notice when you walk in the shops buying food, even in 'normal' times.
Last year it is 6% average, however like food 10%. It is, of course from the very intelligent AI source what based on propaganda - that 'clever' the AI... Obviously, the real numbers, what average people experience is much higher, usually between 1,5-2 times higher.
Even in most part of Europe, it is already 'officially' 20%... so what is the point to keep your money in dollar??? especially in a bear market, as perhaps you dont know, but the big speculators all earn their money in bear market (look how richer the billionaires became in the last few years), economic crisis, never when things are going fine, in a bull market...
really dont understand why people never discuss this factor regarding hbd, especially not nowadays, when it is really in play, a big factor.
You are quiet right my dear. I know a friend of mine that hive is actually life saver to. She is a nursing mother and hive is really helping her to put food on the table.
This really is a great opportunity hive have showcase in the platform because this would help a lot of lives in Africa as been said if the kind of amount is being saved.
It is breaking my heart now that I am depending on my HBD and even Hive, can't wait to stop that soon.
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I think the 10K itself is a decent fortune in some parts of Africa. HBD 20% APR savings is a great opportunity for many developing nations. Hive solves real world problems.
That is true o, 10k self no be beans oo
keep spreading hive to the world!
!luv
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