Just Keep On Growing
Just 7 days ago I wrote about the importance of compounding and being consistent with your crypto growth. The more stake you have the easier this is to see as the growth does tend to speed up and the results are clearly visible. The HIVE vote I had only one week ago was 7.4 HIVE for a 100% vote and this morning that has climbed to 7.53 HIVE.
This sounds like nothing major as it is only a .13 HIVE increase in just one week, but that represents a possibility of being able to earn an extra 1.3 HIVE daily which is an extra 474 HIVE per year. This again is compounded so this is more likely to be worth around 480 HIVE. This is all extra curation rewards being handed out to the community and also being added to my account so in real terms an extra 240 HIVE for my account growth due to the 50/50 curation author payout.
I have never viewed the dollar value of the stake even though it is nice to see this holding value, but rather seeing the value of what the stake can generate. If you had $1 million in crypto and cashed out your reward earnings are now 0 and that $1 million is not going to last forever. The real value i see is what the stake generates as an income or passive income stream as having the ability to create this is literally like gold dust.
People in the real world are constantly looking for income streams and here in crypto if you set up your foundations correctly your stake will generate an income. This obviously takes time to achieve, but given a few years the consistency will start to bear fruit. Your actions will determine what kind of harvest you will be having as if you plunder the growth regularly through cashing out then you are not helping yourself long term.
Mindset is everything and if you start your growth with an open mind anything is possible and far different to those that expect things to just happen. Many see long term as a time line in a few years when reality says you need to do this for 5 plus years. The best advice I received was from Taraz back in 2018 when he mentioned that if you treat your HIVE account like a degree learning how the system works giving yourself 5 years of growth then you will not only learn, but also have value. This is a timeline that is a guide and it works as long as you remain active and are consistent.
The opportunities we have right in front of us by being in crypto this early is huge and not something to ignore, but rather to get stuck in before the hordes arrive which they will eventually. This is not an if, but a when as we know how profitable crypto really is once you have some form of stake generating monthly rewards. We are all ahead of the curve by many years and having found this opportunity it is our duty to make this work and get ahead in life.
Posted Using INLEO
Really good advice! I am looking at Hive as a five year play where I am staking everything I get and will re-evaluate where I am in five years. I am a tiny player on Hive with around 12k staked, but I love looking at this monthly chart:
Where else in the real world you can post about what you like and earn almost $250 per month to put it towards a long term investment with a big long term potential?
Yes, we are definitely still early!
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I was looking at mine the other day and I notice that it still isn't over $1.00 I thought sure it had hit that point by now, but oh well.
I think the compounding aspect of crypto is really underrated when put into a long time frame. A small modest sum can turn into a large fortune over time and the best part is you can to build it once and expand out from there.
It's just like that, things take time to improve and the way your power is increasing now and also because of the price going up and down here, we are seeing that it is making a huge difference in the votes.
Your words perfectly capture the essence of truly understanding how things work within Hive and blockchain in general.
Having a stake in Hive= Unit of owners.
Sooner or later when Hive contemplates sustainability it will transition from "unit of users" to "unit of owners". And that's an imperative in the long run for every Hiver.
By the way, strength respects strength. That is universally applicable to all. Hive creates the new middle class through inflations that should iterate to "unit of owners.".
Your post beautifully captures the power of consistency and compounding in crypto, particularly with HIVE. The incremental growth you’ve seen--just 0.13 HIVE in a week, may seem small, but as you’ve shown, it translates to significant yearly gains, like an extra 480 HIVE.
Building a sustainable income stream through curation rewards is like crafting a long-term asset, far more valuable than cashing out for short-term gains.
I like what you said about treating your HIVE account as a tool for learning the system. It has been a very useful tool for me to learn about crypto, as well as a number of other subjects, with the added bonus of also getting rewarded for your contributions. The compounding aspect is great, because it encourages buy-in to the community and incentivizes long-term investment. Its cool how you calculated just how much a little bit can grow over a relatively short amount of time.
That's a huge vote!
I love the mindset. Many still don't see the value of having a solid source of passive income. They prefer to "kill" the goose that lays the golden eggs.
!PIZZA
$PIZZA slices delivered:
@arcelcalvin9(2/5) tipped @cryptoandcoffee
Come get MOONed!