RE: Thinking aloud of a new strategy: Recouping fees when turning fiat to HBD? Even locking profits?

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I'm back here with a couple of questions...

  1. you buy Hive with your credit card and have 4,24 USD on fees for a 100 USD buy (can I assume the cost is about 4%? or is it 4,24 USD when buying for a 1000 USD?)
    Q: Isn't it a lot cheaper when you put your fiat in a platform like Binance, buy USDT or BUSD and use these to buy your Hive? I cannot imagine that the cost would be 4 USD for 100 USD worth in Hive?....
  2. *Say, I can set to sell Hive at 20% profit, i.e. when Hive hits $0.3858 x 120%, i.e. $0.4629, sell all. That way I would have turned my USD 100 into USD 120. *
    Q: don't you forget to calculate the 7,13% loss. Meaning you would have been turning your 100 USD into 112,87 USD?
  3. Q: Is it worth to take the "risk" of waiting till Hive is going up 20% (which seems a lot to me in a bear market) before putting it in the HBD account and earn 20% from it? I mean the time that you're waiting for Hive to go up 20% you aren't earning anything; if you put it into HBD inmediately and leave it there for a year, you'd have been earning a certain 12,87% (assuming that your costs were in percentages, otherwise more), which isn't bad at all in my opinion. IF...
  4. Q: HBD always can be swapped back to USD (and is there a cost for this?)

Anyway a very interesting point you touched here; I wonder what @savvytester and @toofasteddie think about this and if they would as well like to give their opinionand answer on my 4 questions...
!PIZZA !CTP !BBH

hive-167922 proofofbrain gems palnet slothbuzz neoxian hive vyb ctp leofinance
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@cryptothesis! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @svanbo. (1/1)

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4% in fees when trading using FIAT is normal, however, I think is cheaper when you buy USDT with FIAT and then you buy HIVE

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That's what I thought and would do as well, indeed. Hence this is cutting already a big part of the costs and leaves a higher percentage (closer to the 20%) @toofasteddie , in your opinion, and without giving financial advice !LOL, would you recommend to convert Fiat savings to HBD and take the 20% minus costs rather than investing these same fiat savings in something else. And (please feel free not to answer this question if you don't want to): are you doing this yourself?

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As you said, I'm not going to answer about what I'm doing with my Fiat, however, I think that "parking" some fiat in HBD it's a good idea that many are putting into practice. For the moment, I already put a lot of my TETHER in HBD savings getting this amazing 20% apr (not only in my main account but distributed in other secondary ones as well)
This is something you have to decide for yourself.

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You're right, everybody needs to decide for himself. but I think it's good to listen to strategies of other people and to take the best out of it for yourself...

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Yay! 🤗
Your content has been boosted with Ecency Points, by @savvytester.
Use Ecency daily to boost your growth on platform!

Support Ecency
Vote for new Proposal
Delegate HP and earn more

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Thanks @savvytester !

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You are also earning from leaving questions, not just from sharing your stories and knowledge. 🤓😆 !PIZZA !CTP

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Yes I saw it! I !love it. Thanks anyway mate! !PIZZA !CTP

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I estimate that there is a roughly just a 20% chance for my #Ecency Boosting requests for either your posts or your comments to get approved, and that's when I always select the longest post or comment that you have recently published. 🤓😅 !PIZZA !CTP

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Do you mean the chance to be boosted is the same for comments or posts? !PGM !CTP

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Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 15 SBT - 0.1 THG - tokens to @svanbo

remaining commands 0

BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!

The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards!

image.png
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Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get potential votes from @ pgm-curator by paying in PGM, here is a guide

I'm a bot, if you want a hand ask @ zottone444

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I try to search for your posts first that aren't #Actifit or #EXHAUST (where I very often stumble upon your BEER posts every Saturday, though #Ecency often says that you have already requested Boosting for that post). 🤓 If you don't have any recent long posts that haven't been requested to be Boosted yet, I then look for your comments that are long (and seems good) enough. 😏 If I still can't find either long posts or long comments that you recently made, I choose the longest of your recent #Actifit posts to request Boosting for. 😅 !PGM !CTP

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Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 15 SBT - 0.1 THG - tokens to @savvytester

remaining commands 0

BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!

The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards!

image.png
Discord image.png

Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get potential votes from @ pgm-curator by paying in PGM, here is a guide

I'm a bot, if you want a hand ask @ zottone444

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Thanks for that, mate. I'm usually trying to boost and promote my Beer Posts indeed, but somehow this time with my Boterham Blog it doesn't seem to work... Almost no people upvoting and no Boost.... Don't know why :-( !PIZZA !CTP

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I now see that your Boterham post has more than a dollar worth of upvotes and has 2 comments. 😏 !PIZZA

Regarding the #Ecency Boost you requested, the Ecency Hive account currently has less than 72% Voting Mana, so they need to conserve their VM by skipping the curation of even good posts (and comments). 🤓 !CTP

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Damn... But I didn't see the comment that they did not boost it and are giving me back my points... !LUV

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The #Ecency account now seldom leaves comments on posts (and comments) whose Boosting requests have been rejected (probably to avoid publishing too many comments from their account). 🤓 !LUV !CTP

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I meant the comment in my feed.... normally I see in my feed that a post has been boosted by #Ecency or not. !LUV !CTP

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Do you mean that you normally see on your Notifications that one of your own posts has been boosted by the #Ecency team or not? 🤔🤓

Anyway, after you answer my question, let's talk under one of your own posts, or ask the original author if they don't mind us talking a lot under their post. 😅 !LUV !CTP

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BTW is there a problem when the "comment there still has more characters for the token tip commands" Like you've been stating in a previous answer? !LUV !CTP

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What I meant was just that most of the characters of that comment was for the token tip commands. 🤔 Nothing wrong there. 😅

Anyway, it's good that we avoided talking under the !LOLZ account's original post, but we are still talking under another author's post about something not related to the original post. 😅😅 !LUV !CTP

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