Practising Delayed Gratification With My HBD Earnings

When I first joined Hive, I did not have a broad understanding of the use cases behind its main tokens or coins. I also did not understand how layer 2 tokens work. But last year when I returned to start posting my content again, I decided to learn more about each one of them.

The one that piqued my interest was HBD, often referred to as the Hive Dollar. It is native to the Hive blockchain and, like other cryptocurrencies, it can be traded, transferred, and spent for various purposes. However, the main value of HBD lies in its stability, as it is designed to maintain a value that is considered close to the US dollar.

This feature makes HBD very useful to many hive users, including myself. I fell in love with the idea of owning an asset that is stable, reliable and functional, one that is without drastic price fluctuations.

Knowing all of these, I chose to save my HBD for a greater purpose. Some may call it delayed gratification, and that would be accurate because saving all or most of it has become a strategy for achieving my long-term goals. So far, I have earned a reasonable amount of HBD and, till date, I haven't withdrawn any. The amount may not seem significant to others, but seeing it remain in my wallet is proof of my effort and consistency in the past months.

Now, my strategy is simple: I save my HBD for a year, allow it to compound, and then use it for something meaningful or to solve a problem that I'm sure will not be easily forgotten in my memory.

About two months ago, an acquaintance, Hive account@treasuree, suggested that I stake my HBDs. Initially, I thought it was needless, considering that the interest on what I had then would be very little. Later on, I realized that leaving it unstaked would result in no growth, no change in the number of HBDs I already have, but staking it would generate some profit, even if it were the smallest 0.5 addition. That realization was enough to convince me, and I chose to stake everything and earn the 20% APR rather than nothing.

I have also spent a portion of my HBD to tip a few excellent posts and share as a gift to those who have been kind to me. The beneficiaries deeply appreciated this gesture and that's because HBD holds more value compared to many other tokens.

In conclusion, saving the HBD I earn helps me plan towards bigger and meaningful goals. It also helps me stay disciplined in managing my total earnings on Hive. So, while others may decide to spend their HBD immediately based on their needs, I prefer to save mine until I can use it for something that feels more significant.

This blog post is a response to the India United weekly contest, which you can find HERE.

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