Sometimes when the prices have been tanking you have to look for some positives and with HIVE thee ae always so many. Firstly we are accumulating HIVE no matter what through our activity and are not just having our tokens sitting on some exchange or cold wallet like many other crypto investors do.
The HIVE APR is heading back to 3% again after languishing a lot lower over recent times and is now at 2.95%. For those accumulating any crypto this is a slow process, but the good news is this process does start to speed up as the size of the stake grows. The 2.95% APR represents a daily earning of 11.9 HIVE in my case and I cherish every HIVE earned as the aim is that this stake will will generate 12 HIVE and then 13 HIVE daily moving forward inch by inch.
Just putting this value into some type of context 12 HIVE earned over a 1 month period is the equivalent of what the South African government pays out in grants (unemployment) to 8 individuals. This is on the current price of $0.27c so this highlights even tough many think HIVE has no value right now it definitely does. My answer to those is to grow your stake so large that price does not really effect your future income.
I am 2 weeks away from having spent 7 years on the HIVE block chain and this has all been about focusing on growth and nothing else. Nothing of value is created over night and takes time to build and when starting out had no idea I would be sucked in and still so active 7 years later.
The problem with HIVE is the accumulation process is seriously fun and the best game in town and let us be honest this is a good addiction as it brings your more value. Forget the price and concentrate on the number of tokens you accumulate because at some pint the value will re appear later this year or in 2029. My bet is we shall see a decent rise in price later this year like we have seen in the past as history tends to repeat itself in some form not necessarily identically, but similarly.
The 12 HIVE I am earning each day via the APR seems like nothing, but over the course of 1 year is nearly 4.4K HIVE which helps boosts all the other rewards on offer which get compounded together. Each day that passes we are achieving new highs with the size of our bags which over time could be the smartest investment you have ever done. The problem is no one knows and at least you are giving yourself the best possible chance as an early crypto adopter.
Why everyone complains about price I have no idea a the accumulation period is not only fun, but the most rewarding time of the cycle where serious growth takes place. My advice is to make the most of these opportunities and keep stacking as the value is here in the stake you hold.
Posted Using INLEO
I keep forgetting about those almost 3% of pure passive income... In my case, it's a bit less than 9 HIVE per day, but still, it is a nice chunk of tokens!
In the #HHHLive show, we were talking about HIVE accumulation and how easy is to accumulate at these moments... Some participants compared it with BTC faucets in the past, clicking for pennies was so easy, but not many believed that it would be worth much more in the future... The same goes for HIVE... 3% on HP, + 8% for curation is super-easy... When those percentages go down, it would be much harder to accumulate... And who knows how much could HIVE be priced in only 3-4 years...
AMEN! 🙂
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Yes this adds up very quickly and highlights how valuable having stake is. In a few years time this could be seriously valuable.
that's the power of saving. making the money work for us o.o. gotta stack til retirement
Yes accumulation is not only fun, but over time very rewarding.
o.o yes only if everyone could see it like that but some treat it as a job a bit too much
I am also accumulating every Hive I can. Still not at 10k HP but getting close. But I don't plan to stop, accumulating Hive really is the best game in town and I am addicted to it now.
Yes the addiction part happens to all of us.
This is the way.
!BBH
of course than i am staking all that i can and saving my tokens to get more hive every month :D
Saving a lot of Hive will be beneficial in the long term