A Tale Of A 1000 HIVE : Power Up, Withdraw, and Reinvest To Generate More Income
Thank you so much @bdcommunity for your initiative to arrange this contest. So if I worked hard and I earned 1,000 HIVE last month, what would I do with that?
Earning 1,000 HIVE in a month is not an easy one. In case that happens, that's great! If you consider the present situation, we are in lockdown. Because of Convid-19, many people are going through a hard time. A lot of people lost their job. Many people have to close their business temporarily or permanently.
[Source](https://pixabay.com/photos/analysis-business-hand-charts-3782319/)In this situation, middle-class people are in more trouble. First of all, their income source almost close or low due to this pandemic. And they cannot ask for help to get financial support.
We do not know when this situation would be normal. No one can tell you about that. There is no proven medicine right now that can cure the coronavirus. This situation can get worse. To give financial support to my family, my neighbor, and other helpless people, I need to generate more income.
If I withdraw the whole 1,000 HIVE and spend it on my family or give others, it will be over. Moreover, HIVE price is low right now. That's why I will do my best to generate more income from 1,000 HIVE so that I can do more things later.
It does not matter how you see it, if you want to support your family as well as help other people, you need to make money first. Otherwise, you cannot do that.
[Source](https://pixabay.com/photos/analysis-business-hand-charts-3782319/)So what would I do to generate more income?
Do you think powering up 100% HIVE would be a good idea?
Well, I would not do that. Why? The current HIVE price is around $0.25. It is definitely underpriced. So it will go up. We cannot say when the price will go up, but it will surely rise.
I would power up 40%, that is, 400 HIVE and I would keep 60%, that is, 600 HIVE as a liquid. When the price goes up, I would withdraw 600 HIVE even if I don't need the money at that time.
You might be wondering why I would withdraw HIVE if I don't need that?
The thing is, when the price goes up, most of the time, it goes very high and usually, it goes down after a certain period of time. When it would be in peak position, (although you cannot say for sure how high it would be, you have to decide it based on your own research and experience), I would withdraw that.
Then I will just wait for the moment when the HIVE price decreases. When I see the price goes down and I think that's optimum, I will buy the HIVE again with that money that I withdraw.
[Source](https://pixabay.com/illustrations/finance-accountancy-savings-tax-2837085/)As a result, I would get more HIVE. If you calculate, it would be definitely more than 1,000 HIVE in this process. As I said before, I would power up 40%, which has already generated more income. Now I have more HIVE, I can do power up now or make another strategy to get more out of it.
If you have never faced any financial crisis, you would not realize how important it is to prepare yourself. We all are in such a situation where we have no idea how long it would continue. So I would position myself so that I can support my family as well as other people who might not say that they need support badly, but we know their financial condition.
So that's what I would do with 1,000 HIVE. Thank you so much for reading this. Please feel free to leave your comment below.
I would request all of you, please do not go out if you don't need to. If you go out, you will not only put your life at risk but also put other people's lives at risk.
Stay at home, stay safe!
About Me
Hi, I am Rezoanul Vibes. I'm a content creator and passionate learner. I write about lifestyle, martial arts, self defense, and digital marketing. I started making videos without me on the video. Well, you cannot see me, but you can hear my voice. I'm glad to meet amazing people all over the world.
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