Upping Vote Values
Hi fellow Hiveians,
Today I wanted to talk about how interesting it is seeing the positive price action and its reflection on voting strength!
Upping Vote Values
After dealing with the bear market for quite a while, even if we may be in a false bull or whatever the heck this is, a nice strong vote feels good with the positive uptick in price action! Granted I'm not one who focuses on "green candle" type shit all the time - I am accumulating Hive when things are good as well as when things are rough!
It does feel pretty cool though to compare these things to a few months ago. Seeing my upvote value crossing .70$ is pretty remarkable - I distinctly remember when I was a little redfish swimming around, getting used to Hive and the people on it, seeing my vote values of .001 and the like, thinking that when people would give me .50$ votes it was fucking amazing. Now I've got that and some vote strength, and dishing it out to people is pretty fun of an activity, I must say! I do try to not dish out 100% votes though, but have done it here and there. I think if we get more positive price appreciation during this cycle and my vote gets to 1.00 I will give out one or two of them to just have a feel for it haha.
I do want to make sure to call out the more important factor though! Yes the dollar value of the vote fluctuates according to the price action of Hive but the important thing to understand and realize is the above screenshot! My vote is worth 1.54 Hive at current value, 1.64 at full 100% voting power. This is what really matters at the end of the day! When you have a healthy Hive upvote, yes what it reflects in dollars which things are denominated in for easy understanding but what matters is as the blockchain level. If I give someone a 100% upvote, I am adding 1.54 Hive to that post, and have it divvied up between all of the other voters that visited the post. I should theoretically get .77 Hive back in curation which is pretty remarkable in my opinion!
I did some rough calculations for fun, and if the price continues to rise at about .50$ my 100% vote would be worth .80$ just about, give or take .01 and that is just at .50$. If Hive hits 1.00$ then I would be dishing out 1.60$ votes at 100% which is insane for me haha. I never thought that I would be giving away such votes but that's the thing about accumulation and adding power - it grows as long as you're letting it grow! Eventually exponentiality kicks in and with the curation rewards that are coming in daily, and the rewards I've gotten from posts, the Hive Power is growing quite nicely.
I still remember a comment conversation that I had with Daltono a few years back - thinking of a time when Hive is at some pretty nice prices and giving out 5$ votes to people around the chain - some of them getting their family's food money for the day or for the week. I know those may be extreme examples, and likely not going to happen but that's one of the motivators of me doing this. Yeah I'm building it for myself and my family's future, but I am not doing any withdrawals on it, instead just building it constantly and making sure that I am growing the stake as much as I can, so that one day I could have those type of positive changes for people around the world.
Crypto does give freedom to a lot of people in the world - as we can see with people in Venezuela relying on the income they earn on Hive to supplement their family's finances and taking it a step further and creating uses cases like Hive Sucre to take fully crypto-centric capabilities to the places that need it the most. These are the revolutionary ideas and concepts that started with cryptocurrency and Bitcoin so many years ago. These are the ideals that are alive and thriving here on Hive in my opinion. Yes we have a lot of leeches and people trying to just drain the balances dry but at the same time we also have a lot of people building and trying to grow and improve the platform because it's the right thing to do and it helps out far more people when we do it that way.
Seeing the positive price action like this, and knowing the future fluctuations up and down, make it one of those minor enjoyable things that I and many others do on a daily basis!
-CmplXty. Real human written content, never AI.
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So much this! Like, I don't earn enough to fund my life in expensive USA, but a lot of people in less expensive places can earn enough to really help out their cost of living. I want to be able to help them do that, even if I can't fund my own life at this point.
How do you see that clip about how much Hive your vote is worth, rather than the dollar amount?
To see what your vote value is in Hive relative to dollar value that's on hivestats.io the Leo Finance site they put together for blockchain statistical data. I think it could also be viewed on hivetasks.io or .com I forget which, but that's another helpful tool as well.
I know the USA is indeed expensive as hell lol and only getting worse but I think it's great to be able to help other people out from other countries with stuff like this.
I strongly believe as time goes on, the price value will still go up and appreciate
It will, but in comparison to inflation on the fiat dollar, I don't know how valuable it will be until we start to use the assets to buy things in the real world.
Man, your 100% vote value can give me an average lunch here in my place. : ), not in a restaurant, but in the small stall that most of the Indonesians visit.
I think I once saw my 100% vote value like $0.5 back when we were in a short ATH in the previous bull run, and it did really make me smile wide. hahah
That's good! I would be able to buy some fruit where I live with the 100% value which is still not too bad but it wouldn't buy a lunch yet. I think it's good to see the changes though, having remembered when I first started here my value was 0.00 :D
As you keep growing your account, you'll see these vote values one day man! I think you are doing a steady and great job at growing your own account and values, so keep it up!
haha, remember that our vote was nothing, means that we are improving a lot. : ) isn't it?
I am so grateful to read your post man, encourage me to come back everyday, and grow my account.
Cheers man.
Congratulations for reaching a new milestone first of all. Building such a calculated amount of vote value is a great achievement to make here on Hive, if it is done by consistent effort over more than 6 years of stay, that has to be lauded any doubt.
Continuing the journey and accumulating little to more wealth is what matters, it grows up and a certain account start to improve.
I can get into the fact that when it feels an interesting approach to lead, adding on accumulating Hive, sometimes stacking and buying a little amount each day, and after a period of 6 years that equals to a stage that is creditable.
All the best and wishing you go ahead, 👋
Cheers, indeed it is great to see where things go. I started on the platform with 0.00 Hive Power and have built it up to where it's at now. Some have built it faster, others slower but we all have our own way. I think the important thing overall though is to keep stacking it!
When you accumulate and build overtime, eventually one's vote values goes up in price. About two weeks ago, mine was giving out over 1.30$ at 100% it felt good.
That's awesome man happy to hear that! Indeed stacking Hive Power is a great way to see these changes but it is an effective way to look for the future I think.
Very enlightening post. Thanks. !AVILE !PIZZA
Indeed thanks
$PIZZA slices delivered:
@cryptopsycho21(3/15) tipped @cmplxty
The value of votes even though they are little should be taken seriously and that’s why it is always good to grow one’s HP so our vote value can always increase
Your vote worth is really amazing
I hope you keep doing more
Indeed I plan on continuing to grow as much as I can, within reason. I have to make sure to make time for other things like engagement etc too!
0.7 is cool!
I've about 0.5 nowm and I look at it with great pride as well;) I do remember time when I was a tiny fish here, and I was happy to find my Angels there who supported me.
Looking at the progress is always pleasure;)
That's great good work on your part for sure!! Keep it up :D it's nice to see growth occurring and starting from nothing is an important feeling!
It's a promising fact that after a long period of bear market, it's nice to see the market now because the prices are going up and the next year and a half is going to go like this, so people should definitely be here. Profit should be booked.
Yeah we should keep an eye on being able to take profits when we can! It's the timing of it that can be tricky.