Forget Price -Just Grow Your Bags

With the HIVE price having dropped below $0.12c we have to look for any positives and that is actually quite easy as the growth on HIVE is far easier now than it was a few months back if you have HIVE staked or powered up known as HIVE Power. The more you have the easier it is to grow as your stake influences the earnings via the APR and your HIVE Vote values which is earned when curating articles and comments on the HIVE Blockchain.

The current HIVE APR is sitting at 3.60% and last night was sitting at 3.61% which is extremely high considering it normally sits hovering around 3%. The extra .61% is the extras we earn each day if you have HIVE Power. In my case this represents an extra 3 HIVE being added to the stake each day. I doubt this will last at these rates as this is the highest I have ever seen this and that is over a period of more than 7 years. This is a rare opportunity to be earning more and why stake is important for your HIVE growth.

The last time I checked my value of my HIVE Vote was back on the 4th October and a month later the value has risen by over 1 HIVE which is quite amazing and unexpected. The vote values will increase as your stake grows and compounds daily except it was the rate of growth that caught me by surprise. Last month my HIVE vote value was 8.49 HIVE per 100% vote and has grown by 1.05 HIVE per 100% vote. This in real time earnings is worth an extra 5 HIVE daily in curation rewards which again is driven by the HIVE you have powered up. The other extra 5 HIVE is handed out as rewards to those articles and comments you have curated/voted. The wonderful thing is if you are growing your account others in the community benefit from the support you offer and growth organically happens.

There is no need to be negative about the state of the crypto market with the price having dropped once a few weeks ago and again this week. You should only be concerned about price if you are selling and at these prices one would have to be desperate to be selling. What we should all be focusing on right now is growing our crypto portfolio bags because this has given us a chance to be earning more.

Many of us thought me included that we would be in a proper Bull cycle already with all time highs expected towards the end of this year. This could still happen as crypto is the one investment that can catch you out by doing the opposite of what is expected. Will we see a peak of this crypto cycle before Christmas or is this cycle now following a new path linked to liquidity? The HIVE chart below does not look similar to 2021 and is hard to envision this changing in such a short time. We have been put through the mill lately and these are definitely challenging times as not many of us expected our crypto portfolio values to be smashed in half this late in the 4th cycle.

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If we have 6 weeks or 12 months to the next peak of the cycle it is not something we should be bothered about as the peak has to come at some point. Until that time comes whenever it might be we can continue to grow and accumulate like we always do which is actually not such a bad thing really.

Posted Using INLEO