Those who are not in crypto and many who are in crypto have no clue what they are missing out on. The crypto or real money because that is exactly what it is that is being earned daily is accumulating, compounding and growing quickly.
Those of us on HIVE know exactly how this staking game works and we should be all over this. The various crypto's that offer staking rewards is a license to print your own wealth. Obviously beggars cannot be choosers so it takes time to accumulate and in my case many many years now.
As they say the proof is in the pudding because after all these years with various stakes staked in various crypto projects the monthly earnings in a dollar value is somewhere between $1000 and $1500. This may not seem like a fortune to an outsider for the commitment and time taken except the one vital part of information not taken into account is look at where the prices are currently. 7 years ago when starting out I would have gladly accepted this monthly return, but know better now that this is still early and we are at the beginning with crypto yet to go main stream. .
Fast forward to the peak of the cycle and you could comfortably add a zero to the end of those numbers and suddenly your monthly earnings become slightly more serious. When I look at my HIVE, COTI, VET or my other staked crypto I do not see the dollar values as I am more interested in the number of tokens and what they generate by adding to the stake each day.
The end result is what counts and one day you will be wealthy even if it takes 2 or 3 crypto cycles to achieve. This is never in doubt as long as you stick to the game plan and don't dilute your stake along the way. We all kind of know the crypto cycle know of when to sell and when to buy back.
The only scary part I find these days is how much dollar value many of us are holding if the ATH was tomorrow with some now even on HIVE becoming millionaires over night. This is a bit different from the last cycle due to what is now being staked and the potential value of that stake. This is really serious business and with the stakes increasing in size each month the values are only going to become even bigger.
When we all started in crypto we all hoped and dreamed for riches and lets be honest when starting out most of us were clue less and only through learning have we gathered the knowledge we hold today. The overnight riches never happened and now after many years the wealth is starting to accumulate.
For myself personally the staking aspect is what has surprised me as the growth happens a lot quicker than you would have thought. Take my COTI stake for example I was aiming for a 15K COTI stake when starting out and now earn over 20K COTI annually just on rewards. That is a proper money printer and why you can never under estimate what is going to happen in the future.
Posted Using INLEO
I am just starting out on Hive, about 8 months being serious about posting and staking rewards. What would you say is the biggest secret to building Hive stake?
Consistency. You have to have rewards coming in daily besides curation and why rewards from posting big or small doesn't matter as this will slowly grow the stake far quicker than you could ever imagine. You are doing so well and are on the right track.
Thanks! So I am on the right track that is good.
Staking is a real money printer!
Stay patient, keep stacking, and let compounding do the work. 💰
market cicles are cruel and for some time I went into a 50/50 reward to get some HBD staking although recently I went back to 100% Hive, looking at the price even of its not daily, it fcks with your mind sometimes, soon I want to add more HBD with fiat for the next bear 🤑 to increase my bags 💰💰💰💰$1k just crewting content on a decentralize network sounds like a dream for me atm 🤤
This is not just HIVE but a combination of my other stakes on other blockchains.