There is nothing boring about a Bear Market as this is when the real wealth is created.
Over the last 12 months Hive has done a remarkable job of consolidating the losses and is only 20.7% down. Only you may be thinking, but comparing to other crypto's the majority are down 40-70% for the same time period.
Hive has seen the side ways accumulation period since January which is good news for everyone growing their Hive Power. During these so called boring periods this is when we see the biggest growth taking place even though we may not notice how fast we are growing.
One game I play during this period is what I call treading water which is the same as trying to hold onto the value you have in your wallet whilst the market is dropping. On Hive this is far easier to achieve as our growth is far more than just earning an APR as it is multiple growth streams besides the interest.
You can imagine if you have a $10K wallet and now you have a $8K wallet value the idea is to get back to the $10K value when the price is going sideways meaning you have gained a 20% growth. This funny enough allows me to remain focused when not match is happening and is one way to monitor the real growth. I suppose you find what works for you as everyone does things differently.
Another way is to monitor your vote values but this takes serious time to notice any difference as it fluctuates so much and then suddenly the growth appears out of nowhere.
On the 9th January this year I did a post where I highlighted the vote value as a growth tool and my vote value back then was 3.99 Hive. I expect to see a 4.4 Hive vote value within the next month as I have been stuck between 4.25 and 4.30 for a few months now and like I said all of a sudden it rises and moves up to the next level.
This highlights a 7.5% growth which is significant as this allows your Hive account to grow at an extra 1.5 Hive per day just through curation. This doesn't sound like much, but that is an extra 550 Hive per year. Being able to earn 22 Hive per day just on curation plus the 3% APR for staking which we tend to forget and suddenly you are earning 30 Hive every single day which is decent growth. That would be worth over $100 per day when we see the all time high again and you have been earning this for months on end or even years.
It is easy to see how growth happens on Hive just by sticking at it by being consistent every day and staying active ignoring price. The next goal is to have a 5 Hive vote value which at this growth rate will still be 12-15 months away and why you have to think long term.
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See $30 a day is actually extremely life changing. The percentage of people in the world who earn less than $1 a day is astronomical.
$30 a day income for me would mean that I could take a casual job somewhere with minimum wage and still have what I earn out a much more skilled and stressful job. Not that I would quit. But its a lot closer to doing something amazing in my life really.
If you can earn $30 per day then there is nothing stopping you from earning $50 or $100 and a more realistic target we should all be aiming for. This is the easiest Hive will be so staking will make that happen over time. When the number of users increase Hive will be that much harder to earn as the reward pool remains the same size. Now is the time we have to make it happen before the window closes.
In other words, keep posting?
As long as one keeps moving and working hard, growth is bound to happen. The goal is to keep staying active on the blockchain and there is gonna be a significant in the wallet.
Growth has to happen as long as you remain active and are consistent.
in for the long game! back in believing on the accumulation, was swayed away by the bull and now came to realize that the real wealth is indeed in the boring side of the game.
Yes this is where the money is made and only reveals how much when the prices start to rise back again.
Support this idea 100%, keep accumulating!
Please, I really need to understand the free 1.5 Hive per day. How does it work?
The Hive vote value grew by 0.3 Hive with 10 votes per day meaning 3 Hive per day. We make 50% off that so 1.5 Hive per day through growth and not really free as it takes a lot of work as we ll know.
Thanks for sharing.
It's true, we look at the whole market, everything has come down a lot in the last twelve months and if we look at the price, it hasn't come down that much because people are coming to it now and we all have to make this project known all over the world and This is the time for those who want to buy this HP because the price is also low and they want to work on top of this platform.
Thanks for keeping me motivated every week. Awesome post!