Is Hive blockchain a hobby or a business?

in LeoFinance4 days ago

There is a fine line when it comes to hobbies that produce an income and businesses. But as you might start being on the Hive Blockchain as a hobby and as you continue to be present on it and tap into the abundance of projects and earning possibilities from here, you might find yourself at the point where the income is comparable to the one of running a business. And I think that this is the best thing that can happen: you are here because you like it and in addition you earn from it. You become this way your own boss, fact which provides you empowerment, builds confidence, inspire positivity and pushes you to do remarkable and out of comfort zone things.

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Morphing from hobby to business

Some of us have different hobbies and to start with a simple example that can be like an interest in photography. This can start as a hobby by itself, but transposed on the Hive blockchain through sharing photos in articles, threads, snaps or buzzes or minting them in limited edition NFTs, it simply morphs into an additional revenue stream, a side hustle and even a full time job.

Growth is achieved organically

You start sharing your hobby passion on the Hive blockchain and people start liking that. You find communities with same interest and they provide support, re-sharing and rewards through bigger upvotes. You network and people become "sponsors" for your content. Everything adds up, your brand gets more and more recognition and you find yourself better known and appreciated in this ecosystem. And what you've built up, is there to stay and a proof of your ethic through immutables marks written on the blockchain.

Learning shapes you into a better version

If I was to look at the evolution of my own content from the past till today, I can spot easily the path that I've taken and how I grew. Initially the writing was primitive, the knowledge and understand had gaps, but in time those improved and transformed into more clarity, freedom to play it technical concepts and even strong and opinionated beliefs. There is more quality now for the readers and I think the provided value can support decisions or bring a more in-depth view over things.

Rewards go beyond the financial

In the beginning some of us might have started being motivated by the financial aspect that a web3 Blockchain like Hive provides. But as we become more and more present in this ecosystem, we become more social, we network more and even end up collaborating in different projects. And this starts from common interests and passions, even if the financial component is there. And ultimately having all these ingredients, constitutes the perfect recipe for long term motivation and investment.

I can conclude that the Hive blockchain is a great ecosystem where hobbies can morph into business and maybe also vice versa. Having only the financial component in mind, will not keep us for long here. But in my case after being here for more than 7 years, both these dimension work together and keep me here. I feel that I found a cozy place which is not afraid of freedom if speech and which let's everyone of us shape a fun, social and even financial destiny by owning your data and everything else. And in the end this is all that matters, this is the way!

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Like many things in life, time is a key factor in a growth process. Certainly many of us started on Hive with different perspectives, perhaps some as a source of monetary support while others saw the platform as a wonderful opportunity to do what you love and generate income.

Unfortunately today many have moved away from Hive because of the lack of support for their publications or certain injustices they believe they suffer, or simply because their expectations have not been as they thought. In any case, I think that if we see Hive from the perspective of being able to create, grow and support others while generating profits, we will be more and more committed to the work we do here.

For me, Hive is not just a Hobbie or a business, for me Hive is the place where I want to grow and make a life as a content creator and much more 🥰🤓.

True and I believe Hive became a digital home for many of us. We found support here and we can grow in so many ways.

"A digital home" An excellent sentence worthy of framing 👏👏🥳.

You're right, having or owning an account is like being a brand and your supporters are like stakeholders and contribute to how you grow on the platform. I think all of us have morphed from the type of content we created to the ones we now create

We have morphed and we continue to evolve. The journey is great if we get surrounded by the right people. I simply love it here!

Its mostly a hobby right now but have some ideas how I can make it into a business for me.

Ideas are great, we just need to put them into actions. This way we all grow!

Yes I know.. 😅

It could be both but now I'm trying to build by consistently making long form posts and keep reinvesting/staking what I earn.
!BBH
!INDEED

If you have stake in the game, you will do so much better. This will result in sustainable growth and support for other participants to this amazing ecosystem.

Recently, I was thinking about the same thing, what is HIVE for me? On one side, it's not a business, as to be, I would have to take some profits out and cash out some earnings, as without doing that, it's not a business...

On the other side, it's not a hobby... If it were a hobby, I would occasionally do some stuff on HIVE, and I wouldn't have a feeling of being "addicted" to it! 😂

So, in the end, I have no idea how to define it... I suppose that for everyone HIVE can be something completely different... For me, maybe it's a place where I can sum up my thoughts, share things with others, share my experiences and views, and empower people who need to be empowered...


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I would call it a digital home, similar with a vacation home on the seaside or a cabin in the mountains. ;)

To me Hive is my personal sovereignty-driven business, and as such, I give it the time, energy, and attention over time for it to succeed. I've been on the Blockchain for a little over 3 years now, and the more I've learned, and the deeper I've gone, the more passionately all-in for the long haul I've become. I give my all every single day, both for myself, and for everyone else in this glorious Ecosystem.

It's funny that you mentioned photography, as it was Hive that originally got me into it, as I began to participate in various photo contests. Over time photography grew into a passion that I practice every day. Now it's among the things that I love most. I've grown and expanded from my interactions with Hive, and in many ways. Hive taught me the incredible usefulness and power of setting and tracking goals, something that I never did before Hive. Hive is truly exceptional, and for many reasons. 😁 🙏 💚 ✨ 🤙

!DIY
!HOPE
!INDEED

Great journey so far and wish you a wonderful path moving forward.

Yes, it certainly has been! Many thanks, I very much appreciate that! 😁 🙏 💚 ✨ 🤙

!DIY
!INDEED

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For me 100% hobby but I can totally see how people make business out of it. Especially when living in low cost countries, hive can make a big difference there

True, we find here different freedoms that we don't have in real life. And we help one with the other.

(30/100)
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Don't be shy - share some DIY!

You can query your personal balance by !DIYSTATS

(5/5)
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Been using Hive like this. Dip in between two worlds without the pressure of existing as one when burned out.

Hive has become part of my daily activity. Beyond just the finances which of course is motivating, I have through this platform learn to express myself and ideas. This is something that improves my daily living. There is a lot to get from here, let's just stick around with positive minds

People can turn their hobby into business here :)

Absolutely.
I completely agree with your perspective.
Starting on Hive as a source of income is an incredible journey.

!BEER
!BBH


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In the early years I aimed to make it a business. Realized that if one is just doing content creation it is indeed a hobby as it is not economically viable to support oneself strictly from content creation on HIVE.

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