Time For Another Hive Power Up and Some Hive Strategy Going Into 2023! Last Power Up of 2022!

The new year is fast approaching. I can't believe how fast this year passed. It's time for another #hpud or #hivepud. For those that don't know, many of us power up our accounts on the first of every month. It's a great way to grow your account and also increase your voting power. Not to mention it's a great way to give back to the community with your growing Upvote power.

This month I'll be converting another 26 Hive to Hive Power giving me 6,800 HP. It's so much fun watching this account grow. I also like watching my voting power slowly grow.

As many of you know I claim my Hive rewards on the first of each month for tax reasons. This month I earned 56 HP and 16 HBD. I've been trying to get a reselling business off the ground and just haven't been as active on Hive as I usually am on here and it reflects in my rewards.

I'll be a lot more active once I get this reselling business active. (More on that in a future post). Things are going really well with that though.

Nothing Here Is Meant As Investment Advice. This Is Just What I'm Doing.

So let us talk strategy. I currently have about 1000 HBD in savings. At 20% APR, I'm earning about 17 HBD per month. I was compounding the interest but I've decided to start withdrawing the monthly interest to convert it into HIVE.

Now the price could go lower and if it dips below 20 cents I'll probably start to DCA a nice trading bag. For now, I'm accumulating Hive by converting my HBD interest into HIVE which I'll keep liquid for trading.

My reasoning is that I think liquid Hive could earn more in the long run than HBD interest. I still don't want to lose that interest though, because at 20% APR, compounding is a huge strategy in itself. So I'll keep track of how much I take out in interest payments and return it when and "if" (there's always an if when investing) we return above $1.

Based on previous market cycles, my Hive target is usually between $1 to $3 per Hive. Until then, I hodl and accumulate. It's also important to keep posting and curating content. This is how we grow our accounts. You can't just stay active when prices are high. This is the time to build. Grow your content, your follower count, and of course your HP.

So, that's where I'm at right now. Trying to accumulate as much Hive as possible while wading through the shallow end of the bear market cycle. Keep in mind, crypto winter is probably here to stay, we may be hodling for a year or more. Frankly, at this point in the market cycle, it's good to just sit on your hands. I know nobody wants to say it, but we could go much, much lower and that's when I go on my shopping spree for all things Hive and shitcoins! Until then, just sit back and enjoy the ride while I accumulate a little more Hive through posting, curating, and HBD interest rate conversions.

There were more pictures but for some reason, they would not load, so I'll spruce this post up with Bugs and Daffy arguing over which season we're in.

How long do you think this crypto winter will last? Do you have a bear market Hive strategy?

Happy HivePud Everyone!