Spending tops the chart
If you were to call a hundred people and talk about investment, it is realistic that only ten or less might be interested. I know what I mean, especially when such a project is a seed that will span up to five years before maturity. How many will be able to hang in there long enough? Even in the remaining ten, you will find out that 3 or 4 will show the needed resilience.
One thing to note here is that it takes a high level of knowledge and exposure to become and investor but as for spending it all the reverse. You don't need any certificate to understand the logic of spending. Even a layman understand such transactional exchanges. Most humans are wired to spend. From the grassroots, one can say the instincts of survival triggers spending. Ahh!! If I don't eat today, my health will go down, I will run out of energy. So on everyday activity we strive to pull out atleast a survival transaction.
How about for luxury? It is one of those things that follows. Those that follow up trends become high spenders. This is the barrier between middle class and the wealthy. They buy their emotions which never satisfy them. Most times, you just imagine spending high just to show off. With the aforementioned strategy, I have come to this conclusion, the secret to wealth is selling something.
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Let's take for instance, what makes a business strive; because it is a place that sells, either a product or service. To add to that, do you know a business gets more transactions in credit (income) than in debits (expenses). To further explain this, lets say you bought a good for sell at $100 dollars, of course you know your profit is anything on top of that, let's say $10 if you manage to sell it for $110. How many stores do we have worldwide? How many consumers do we have worldwide?. This is bounces back to the question of spenders and investors.
You can't force anyone to invest, so if they love spending just do well to set up a platform that incorporates their spending habits. This will continue to be one of my suggestions to boost the growth of the Hive ecosystem. Of course you know I love entrepreneurship and I have this understanding that entrepreneurs can also help scale this ecosystem. The idea centers on more users coming here to spend while those who love investing can also benefit. It's more of a win-win.
What do I mean here? Let me say for instance, a user wanted to buy a plate of meal for himself and had no other money except his earnings, it is likely he will pull out to find where to buy a meal (money goes out of the system). What then would have happened should there have been a marketplace for him to conveniently order a meal using the Hive platform and pay with Hive, HBD, Leo tokens or any accepted token within? This will be a transfer of funds to another user for a service within the ecosystem. The fact remains this, money does not leave the ecosystem. From here, we will be incorporating a platform that fits both spenders and long term investors.
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Who are long term investors if not entrepreneurs. I feel there is always a need to value more entrepreneurial minded users who can help transform what thry do offline and incorporate it into this chain so that many users can have access to ready-made services on the blockchain. I know no man is an island of knowledge anywhere, nevertheless we can leverage who and what makes up the human population yo scale whatever we are doing.
To conclude, let me add, there is much opportunity left for Hive to thrive as an ecosystem. Taking the leading stage early enough in the world of a growing web3 will be an added advantage when many begin to offload themselves from the old system. Adding to that, let's focus also on how to keep them when they come, it all tied to services. Humans will have to satisfy their daily emotions. Not many will be here for that blockchaintech and so on. The idea that they can spend for a satisfactory product or service can keep them coming back. The fact remains, spending is unending.
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