Passive income on Hive: Myth or Reality?

It's a holy grail in making money to have the source of passive income and infinity cash flow and here on Hive, in the this crypto corner applies the same rules as everywhere else. Just take a look at the YouTube and you will see thousands of videos 'teaching' you how to jump into the world of financial freedom. Off course you need just a little bit of brain to understand how all those gurus are making money as view counter grows from people hoping to earn without work.

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On Hive, one of the best sources of passive income is HBD savings with 20% earnings year on year. That's a lot in the world where high interest savings are almost dead and since HBD is pegged to US dollar there is no risk connected with crypto volatility.

However one should also consider the rise of inflation. If inflation is around 5%-10% per year that means those 20% will be worth much less.

Much more important is how much HBD do you have in savings? If you have 1000 HBD in savings that's 200 dollars in one year time. Or $16.6 per month. Not that much and the truth is many Hive users don't have that amount (me included). I have 100 HBD in savings so I'll get $1.6 per month. Hardly qualifies as passive income.

Whales are another story. For 10k HBD savings whale can get $166 per month passive income. That's better, but it also depends on your geography, somewhere in the world that's a lot of money but in other places not so much.

So is it possible to earn from passive income (HBD savings I'm talking about not layer 2 coins staking)? It is for some. For others the best strategy is to stay active on the platform, post and comment as much as possible until we get there, deep below the surface, swimming with the whales :)

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