STEEM Power Down done: powering up HIVE + stacking Satoshi's
Yesterday my last STEEM Power Down finished - a last transfer to @huobi-pro, a last time thinking about what to do with that 'extra' money I held - having worked for it for quite a long time, as well as buying small bits regularly, it felt weird to see STEEM as 'extra' money but over the past 13 weeks I got used to it. And now, when it's finally 'done', I almost feel sad I won't have this weekly dose of dopamine of seeing liquid money that I can use as I please.
The brain works in mysterious ways.
HIVE Power Up
Of course part of the STEEM I sold went into HIVE. I bought at several price points but was able to buy HIVE for max 2 STEEM. I still hold a small bit of STEEM and HIVE on Huobi for trading purposes, I'm not really an aggressive trading but it's nice to snatch a few wins every now and then when opportunities arise :-) I hope to power up a little more HIVE in the future but I'm currently sitting nicely at 31000 HIVE after the last Power Up - it used to feel impossible to get to 5K, then 10K, then 20K... But here I am. I have no real ambitious growth goals as I'm quite happy where I am. Everything extra is a bonus.
Buying Satoshi's
Part of the STEEM Power Down went into stacking some Satoshi's. Diversifying is always a great idea and having some of that 'digital Gold' available in a wallet feels nice - a bit of a no-brainer even. Bitcoin will always hold some appeal even if for sentimental reasons, and I am joining in the fun by holding a small amount of BTC myself as well. I've been selling STEEM for BTC and buying HIVE from there - but because buying HIVE is such an easy thing to do I 'helped' myself quite early by sending some of that BTC to a wallet - can't sell that BTC now, Rosa, can you?
Play money - automated BTC-USDT/C trading
I also decided to put some of that BTC in Ember, an app that set up a fund for automated trading between BTC and USDT/C. It needs a 400$/BTC equivalent to work, as they will need a certain minimum for the exchanges to accept the trades, so that's what I started with. The idea is to have a long-term trading advantage where you take less losses than wins, in the end ending up with more BTC/USDT/C then you started with. Every time BTC takes a big jump up or down you either hedge in USDT/C or take some BTC winnings. I felt like I could only win by putting some BTC in the fund and look back at it in a few months to see what I ended up with. No financial advice, and I'm only doing this as I wrote a part of my STEEM Power Down off as 'playing money', but here's some reference material and if you like the idea you can sign up via my referral link - we'll both earn 1% of every portfolio investment you make up to 100$ - received in BTC of course, so another Satoshi Stacking Strategy!
Slow and steady is the way to go
Nothing I do is aggressive or meant to grow fast - but by slowly adding Hive to my Hive Power, adding BTC to my wallet but also to a nice automated trading fund, I can see my holdings grow over time. The STEEM Power Down certainly helped me get hold of some money that I didn't need to pay off bills but could spend in ways that I felt would grow my portfolio over time - especially BTC had always been 'a means of trading' so far, while now I can see myself HODL a bit for future spending when the time is right.
