My response to the @Indiaunited Contest - Theme-: "Power Up or Cash Out β Whatβs Your Strategy?"
I am sure looking at my Hive Power it would not be difficult to guess what my strategy is on Hive with my Hive Power. Right from day 1 I have kept powering up my account with all my earnings. Does it mean that I am never going to cash out? Absolutely not, I will sure cash out but at the right time. Till then I want to save every penny in my account.
Having said that 2 years back I did cash out some Hive, but that was not the peak of Hive and I do repent on that. I know that peak cannot be timed but when I cashed out it was not close to peak, so it was not a good deal I made and later I felt miserable but then I guess these things keep happening. After that I decided to only grow my account and not withdraw until I have achieved my target.
Source - Contest banner
Though beginning of this year, I had somewhat decided that let me withdraw 50% of my monthly earnings month on month, else only saving may possibly never let me enjoy the returns on my hard work, but then the price kept going down more and more so I did not have a heart to withdraw and cash out at these low prices. Rather then withdrawing, I made some more investments to grow my account, thinking it is the right time to invest, and I am sure I have made the right decision. I have worked very hard for this and still continuing to do so, hence I do not want to make any irrational decisions.
My plan is that when Hive crosses 1$ then that is the time I will make some withdrawals, probably 25% of the Hive Power., and if it goes up more then another 25%. I will surely keep a good amount of Hive Power to keep continuing my blogging activity here, so there is never going to be 100% withdrawal for sure, even if the price goes up.
This is my strategy on my Hive Power.
