Powering Up Is Key To HIVE Growth
I think I do these posts offering a dual purpose monitoring my growth whilst giving inspiration to others to hopefully take notice and take their HIVE growth as seriously as I do. Understanding where your growth is coming from is understanding the token economics and how your account continues to snow ball behind the scenes through compounding.
Just 7 days ago the 100% HIVE vote on my account was 7.67 HIVE which is actually 3.835 HIVE per 100% HIVE vote for my account and the same for those who I am curating. Does not sound like much as that is only $0.77c in real value when HIVE is $0.20c.
Today that vote value has grown by another 0.2 HIVE so an extra 0.1 HIVE per 100% vote worth 1 HIVE in rewards over 10 votes. This is 365 HIVE extra per year for my account growth and for those posts I curate. This is big growth when you think about it as it has taken 7 years and nearly 4 months to get to the point of having a 7.87 HIVE vote value. This growth is kind of crazy and doe snot make much cense as 39 weeks of this growth would match my current vote value which has taken nearly 380 weeks to achieve.
This is a new experience each day as this is all new to myself even though I have been here for many years. You here the saying expect the unexpected and why it is best to just go with the flow and see what happens.
I do think this growth has to do with regular power ups combined with consistent growth by staying active and this helps unlock the growth potential. This is why it is important to remain active and have daily rewards flowing into your account. More HIVE means more rewards via curation and the staking APR which is at 3.04% so growth is going to happen as long as you stay active.
What amazes me is if you asked most people in crypto if they would act differently if their token was worth $0.20c or $5 they would say yes. This is the wrong type of thinking as one should be acting exactly the same as price will change at some point and the work you have done growing your account whilst the token is worth less will just multiply in dollar value justifying your activity.
Growth happens much faster when HIVE is at a lower value compared to when HIVE is worth much more. These are the times to make hay whilst the sun shines because when the HIVE value rises more users tend to appear on the scene which dilutes the reward pool which remains stable no matter how many users are on the blockchain.
Any growth is good growth and remaining active staying busy each day will make you grow faster and faster as your stake is compounding continuously. This is why stake is so important and what helps unlock future growth.
Posted Using INLEO
I am doubling down on my Blog since $HIVE is low. Better times to come. 💪🏻
For the vast majority of people who publish on hive and regularly get results, the reward is not typically due to their hard work, but instead due to their tenure and ongoing nepotism on the platform.
Often, good content and authors break out, but I would argue that many consistent, hard working creators continue to get the shortest sticks.
I've been playing with some new data and really do think that the attitudes of every stakeholder on the platform needs to change.
https://peakd.com/hive-133987/@holoz0r/how-much-is-a-word-worth-on-hive-payouts-by-word-count-pay-per-word-top-authors-and-other-insights
Staying active and powering up really does make a difference over time. Your consistent growth shows how compounding on Hive truly pays off in the long run. Keep it up! 🚀💪
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I think staying active is really the key here. Making Hive part of your day even for just a short time is a good thing to keep yourself going. This is a long game, like you said seven years! And now it might be longer as the early adopters have some advantage.
This is all so true. I LOVE Hive and the opportunities it gives to the people who actually make use of it, but I'm soooooo bad at staying active. I'll go for a period of daily activity (commenting/voting/posting/etc), but then I'll disappear for months at a time. One of these days I'll actually buckle down and work on getting back the bag I had years ago.
You need to live up to your name lol. Robsteady by being active even if it is for 30 minutes every day. I understand though as it is hard to get into a pattern, but once you do it is harder to skip.
Haha, right again. I'm giving up on Reddit (again), so I'll pivot to being active here when I would have been there.