Direct from the desk of Dane Williams.
A look at why in my phase of wealth accumulation, the HIVE crypto price doesn’t matter… yet.
If you thought HIVE’s pullback from $3.00 to $1.50 was disappointing, I don’t dare want to ask how you’re feeling today.
With the HIVE price languishing back down at 50c, I can’t really blame you for feeling at least a little bummed out.
But if you’re at the same stage of your crypto journey that I am, then I’m here to nail it into your head that the HIVE price doesn’t matter... yet.
Wealth accumulation vs wealth protection
So get to it Dane.
Why doesn’t the Hive price matter?
Well, like me, the vast majority of you reading and commenting on my blog posts are in the wealth accumulation phase of your life.
NOT the wealth protection phase.
We don’t yet have enough money - whatever that may be to us.
So we’re happy to take a higher risk:higher reward approach.
Be that through our investment of time (work) and money (yield and price appreciation chasing).
Both forming part of what we do every day here on Hive.
Showing up, creating value for our community via our front-end of choice and strengthening the network further by distributing the tokens further as curators.
Overall, my thinking is that whether price is 10c or $3.00, I still can't live off my current stake.
So who cares what price does between those levels!
I obviously believe that price will go higher (more on that in the following section) or I wouldn't show up here every day creating content and still have my money locked away for 13 weeks in the form of Hive Power.
All that matters to me in this wealth accumulation phase of my journey is to stack more tokens.
I don’t want $100K worth of tokens right now.
I want 100,000 tokens so that when price goes 10x, will be worth $1 MILLION.
Taking stock of where Hive is at
I believe in what we have here on Hive and continue to invest both time and money into our ecosystem.
We have a strong, censorship resistant base network with the fast and free transactions required to host the Web3 dApps of the future.
Not to mention branches of ready made, niche specific communities that literally anyone and everyone can not only tap into for targeted exposure, but take ownership of via tokenistation on Hive’s layer-2.
Here on Hive I see a clear pathway that features sustainable tokenomics and I’m more than happy to keep compounding all of the yield I’m generating back into the system.
There is underlying value in our unique network that will eventually be reflected in price.
Hive’s day in the sun will come.
In my opinion, HIVE crypto is still a good investment.
I’ve said before that HIVE may just be the most undervalued coin and associated blockchain project in the entire industry and I’ll repeat it here once again.
But looking at price, today is yet not that day.
Don’t lose sight of the bigger picture.
Best of probabilities to you.
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In the first stage of accumulation, in general, it is good when the Hive is cheap for any reason. If you want to transfer fiat to the Hive, or when receiving rewards for posts, you are in this case, in the short term, in a big win.
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Yep, my focus with HIVE is on the long term.
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No doubt this is a wise decision.
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Powerful words, sir. It's not about right now.
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For some it is.
But I'm not there yet so I just keep stacking.
I'll get there!
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I'm in the same boat.
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Good points.
I once said I was here not for small gains, but life changing money, and I still am…
So despite the price drops I am buying the tokens I believe will change my life.
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I love the saying 'life changing money'.
In my opinion, putting yourself in a position to achieve this is the key.
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For many a pull back is a good thing. If one gets most their HIVE from blogging it will be easier to earn now that the price dipped. Same is true for anyone that was in gathering mode. Your Spent USD gets you more HIVE today than it did a month ago.
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You've spoken so well dear. I agree with you, hive price does not matter yet. We just have to keep investing more of our work to the platform so when the awaiting results come, we will be happy and proud to be part of it.
Thank you for sharing this with us dear.
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We will get another price pump.
We've just gotta put ourselves in a position to be able to take advantage when it comes.
Do you have a large enough HIVE stack to truly change your life?
PS. Calling people 'dear' is such a weird... cultural difference that still always makes me laugh.
Just something for you to consider ;)
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I don't really have enough hive stake but I'm working towards it.
I'm so sorry for calling you that @forexbrokr.
Thank you for the observation.
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Do not worry, as practice shows, you will see a good time for you)
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I really do hope so.
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You are not alone in this hope)
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Really? I'm glad I'm not 🤗.
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No need to apologise, you're all good.
Just making an observation on what's considered normal in different cultures.
Keep grinding and working on building that HIVE stake.
You're doing great! :)
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Thanks for making the observation known to me, I really appreciate it.
Yeah, I hope to get more Hive staked.
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What do you think. how long-term perspective of such a pump?
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It sounds. like a well-thought-out plan), and these are very correct words.
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Yeah I think so too.
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It means only one thing, we, like-minded people)
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I know right? 🤓🤓.
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You must answer your own question)
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Sure I will 😁😁.
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This 💖
100K Hive Power in 5 years, is it possible? I think yes! I am still not sure how I am going to reach that goal without putting too much of my own money but it's very much possible.
Hive price doesn't say much about the great things we are building here.
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You're grinding so hard here on Hive, showing up every day and putting your all into the platform's growth.
IF you do believe in the real value being built here, you have to find a way.
How shitty will it be if price pumps 10x and you aren't there to ride it up?
Find a way!
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Haha. Thanks for the motivational dosage. I will :-) I don't want to feel shitty even after getting in early.
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Probably. it all depends on many factors, activity, originality, attention from whales and other things)
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Well maybe most of the people here really cannot life off hive rewards. And most of us are accumulating hive power. Building up your account when prices are getting down is probably the best option. In my case, the hive price that will work good for my financial independence is about 100$ 😁 That’s really not possible in the near future. So, I’ll hold my breath and build up my account.
Best wishes!
If $100 HIVE works for your financial independence at your current token stack, then $50 HIVE works if you double it...
You potentially have the opportunity of a lifetime right now to do just that while the price is low and our project is flying under the radar.
Up to you if you want to take it.
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I think that many are waiting for the opportunity to buy at $0.2.
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Raise the bar .... at least up to $ 300)
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300$ hive would be great… but, really if I keep my current income and have a bonus with the hive around 100$ a piece, it will be more than enough for me, here in Bulgaria.
Cheers!
I don't remember anyone talking about a $100 beehive, but a $20 hive has been talked about many times)
I don’t think it’s possible too, and if anyone talks, everything is in the field of guessing, as the Bitcoin was said to be 300 000$ by the end of 2021. This price, that I mentioned is the price that will most probably work for my financial independence, nothing more. I’m not really trying to guess, nor giving any predictions.
By the way I don’t really think 20$ hive is possible too.
For many, the bar for financial independence is much lower and people are already financially independent thanks to Hive.
This is true, for sure. But not in my case for now.
Best wishes! 😉
This is so true, I have learnt to not focus on the value in $$$ but the quantity because, in few years time when Hive is worth a lot I will be glad I accumulated
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Happy to hear that I'm not the only one thinking along these lines.
If we're still grinding through all this shit, we obviously believe in the value being build here on Hive.
We've just gotta make sure we have enough tokens to make it all worthwhile in the long run when that value is realised.
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Yes, everything is subject to time and this plan. If there is a lot of time before the moon, then you can accumulate a lot of coins, but if the moon is close, you will have to use what you already have for growth.
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Please note that after many years, the Hive may continue to look like an acrobat who jumps on a trampoline)
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You said it all clear and fine and I'm buying it! Hive price doesn't matter, at least not yet... What matters is how much are you accumulating and I've got a long way to go about that.
Keep powering up into the 13 weeks HP 😅 let's grow our quantity before quality shows up... You know what I mean.
Hive is more than a blogging site and has the best opportunities offered to us, let's enjoy it!
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You're right that Hive is more than a blogging platform.
It's one of the best and only decentralised base layers for Web3 dApps to build on top of.
Blogging is just a small part of Hive.
There is REAL value being built here and price will catch up eventually.
Just gotta make sure you have built a big enough stack in the meantime.
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Yeah, I've read that post before 😊
That's the goal 🙌
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Keep grinding :)
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Reminds me of the Jewish joke about the butter sandwich.
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I think that you see that only we see the value of the platform, it is, as it were, hidden in the shadows from the moneybags which they can really give momentum to a coin if they see what we see.
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Everything matters and the price of the hive. Ask the richest bloggers of the Hive. at what price did they buy coins to become so wealthy... most of them didn't buy it for half a dollar.
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That is true though, I understand
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Your goal is to buy profitably for you, in the first place, otherwise, the benefit is reduced, but it is not absent)
That is pretty much my view as well. The price doesn't matter unless you are buying and selling. I think Hive has a great future and the development will continue even in the bear market. So my faith in the blockchain has not left and worrying about the price doesn't matter right now to me.
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We're still ridiculously under the radar over here.
Just gotta keep showing up to the grind every day and building a stack big enough to take advantage when price eventually catches up the value being built.
You're doing great :)
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Yes, this invisibility, which I mentioned in the previous comment, is a very strange thing.
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golden words: "If you do not buy and do not sell", I completely agree.
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very true, when accumulating you want CHEAPER prices! investing 101
That's true, as long as there is real value being built that will cause prices to rise in the future.
With the way that the current crypto industry is moving, decentralised networks that are truly censorship-resistant will have immense value.
Name just 1 other with the security and performance capabilities for Web3 dApps other than Hive?
...There aren't many.
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I would be hard-pressed, blurt or steem? although they seem more centralised.
I think you just answered your own question ;)
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I don't know any of them, except for the Hive.
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Two options, either fell or disappeared) To be, or not to be, wait, or buy)
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Over the course of 3 years, I think that accumalating pays even better than watching the price or taking the price into consideration. Overtime I think I won more than I've lost with hive and I think this matters a lot.
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Not to mention the fact that price is all relative over time.
Keep in mind that we were trading sub 20c not too long ago!
Keep stacking my friend :)
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I dream about the return of this time .... for a short time)
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But, for a while you need to grit your teeth, I waited three years when the Hive began to feed me.
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Well, for me it's more of accumulating for the future more than anything.
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I think that in a couple of years you will sing. that this is not only accumulation, but the ability to use finances on a daily basis.
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I lose nothing now even if the price keep pumping down because I know with the current work on hive Blockchain,hive is still under value,my major goals right now is for me to be know as top people on the Blockchain with the addition of greater stake ,I believe is just a matter of time ,it will come to pass
Sounds like you see value and have a plan.
All the best with reaching your goals.
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You will succeed, no doubt!
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That's the plan, get as many tokens and wait for it to mature :)
So hold and gather them constantly and let compound intrest do the heavy lifting
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Everyone is posting compound interest calculators to work out what they can passively turn their HBD stack into.
But don't sleep on compounding your HIVE.
While you may earn a few percent less via curation rewards, you open yourself up to future price appreciation.
All about opportunity cost ;)
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The regression of HIVE doesn't worry me. It will hit new ATHs somehow in the future. I focus on the big picture and patiently try to have more HIVE.
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Keep showing up and grinding the way you have been.
You'll reach your goals :)
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Thank you for your good wishes. :)
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Just stumbled on this post and I have to say, you’re absolutely right. Although I’m still a noob on hive, I really don’t care if the price of hive goes down now. I just want to increase my hive power as fast as possible. Plus I like the fact I can buy more hive with my hbd.
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Good to hear that I'm not the only one who trades my HBD for HIVE every time it hits my account.
The upside for HIVE due to future price appreciation is so much higher than the 20% you can earn on the stable HBD in savings.
To me, the risk:reward of being in HIVE is a no brainer.
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I totally agree with you!
Although I pretty much live off my Hive evenings for a couple of years, I get you and I'm also prepared for whatever. $0.5 might not be the bottom. Maybe $.3 or $.2, who knows... It's free internet money so we can't complain.
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Free, magical internet money.
The best kind of magical internet money!
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50c is nothing.
This is a great chance to accumulate more and while it's this low, I'll keep picking up more because it won't stay there forever. Some day people will wake up and realize what a gem that hive is.
If we hit 20c. Even better, more chances to buy hive and get ready for when it does 10x again.
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The fact we're still just moving up and down alongside STEEM shows that the price is completely uncorrelated to the fundamentals.
No matter what it gets down to, it will rise again when the wider market picks up.
That's just how it is right now.
Also, I'm happy to say I was a buyer last time we were sub 20c.
Woo haha.
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Hive has a bright future and I believe in it. I’m glad I’m part of it and can contribute in many ways.
We have to keep looking at the bigger picture, for the long term we are here.
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Wise words little bee!
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Thanks a lot @forexbrokr 😎
Have an amazing weekend! 👋🏻💃🏻☀️
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Very logical what you say, it is true that the price is very bad hortia, but the markets are like that, and the bitcoin came to be worth less than a dollar and look what it is today.
Hive has many really useful developments for today's world, and possibly we will see the price increase from $0.5 to $10 or even more.
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And for this reason, will always have value.
In the short term, price will move up and down with the wider market.
But over the long term, we are actually building something sustainable.
Price will reflect this in the end.
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aiming for 4000hp by year end.. Not sure how but .. trying to remove the obstacles and set high expectations for real.
The hive price may have effect those who base their living of it and has small portfolio. But on the long run it is a blessing to those stacking up.
Thanks.
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All the best on hitting those goals.
Keep showing up and grinding away while price is down and you'll hit them in no time :)
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Although HIVE itself has not done much for my portfolio, the things that completely transformed my portfolio were linked to HIVE. @splinterlands @leofinance @steemhunt have all massively helped my portfolio. If I were not a part of this amazing community, I may not have made these investments.
HIVE at $100 is a very realistic goal IMO. We could aim even higher. One thing we can do to make the prices go up is supporting the marketing efforts. They won't instantly make the prices go up. We will have time to load up even more.
!PIZZA
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Sigh, I regret not getting into Splinterlands early haha :(
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Very interesting post. I think you're right; it will come a great future to Hive and we just have to believe on what we doing here on the platform. I think if we all do that, then someday, sonner than late, we will be millionares. Greetings!
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I believe you,now is the best time to accumulate alot of Hive because it will still bum.
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Hive will still bum indeed.
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Very true this is still development days here on Hive with an affordable entry right now sounds promising to me.
People always saying if only i bought bitcoin it when it was first started i would be loaded by now.
Well guess what people did and are because if it.
I wonder if those same people will be saying the same about Hive in what next 10 years or so give or take.
Great post have the best weekend
!ALIVE !CTP
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I genuinely believe they will.
There is currently no blockchain in the top 200 like Hive.
As we move forward into a world where Web3 dApps need the security of decentralisation and the technical capabilities of fast/free transactions, Hive will come into its own.
Just gotta give it time.
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I agree it makes sense really when you think about it, well i am here for the long game 😉
@forexbrokr will be intersting to see what happens
Have the best one
!ALIVE !CTP !PIZZA
@forexbrokr! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @benthomaswwd. (6/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
@forexbrokr! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @benthomaswwd. (19/20)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
I am still continue to stock up more hive tokens even when they are getting lower and lower. Some of the project i believe in the long run.
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I'm intrigued by your profile pic.
What's its story?
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Oh, this is Degenerate Ape Academy (DAA) from solana. It is considered the first trustless NFT launch on Solana. When it was first trying to be minted, there is ton of issues and even the developer from Solana went to help, by coming out with the candy machine code to enable such trustless NFT launch. So it has such a symbol in solana network.
Really interesting!
I'll definitely look a bit deeper into this one.
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Very well put and makes us see the bigger picture indeed. It's still stocking or building time, this is for the long term. Thank you for this. Certainly makes us think and decide what we really are here for.
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we are in the stage where we must keep investing because the opportunity in this ecosystem is limitless and for us early bird we must keep improving our stake before the rest of the world find out about hive
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Legendary statement. We are strongest and dedicated community in whole crypto market so price does not matter at all. We can survive any type of bear market. I believe in hive that is why i never powered down. Keep sharing such content..
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I am in the same situation that I can't live off of my Hive yet so the price doesn't matter.
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Keep stacking mate!
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Great article.
When I first discovered Hive, I thought it is just some coin that I can get for free that I could sell for fiat. However, the more I read and interact with the community, I discovered that Hive is worth so much more. The current price market price doesn't reflect it's true value - not even close.
Though, some people would panic and sell their Hive, I agree that this is one of those perfect time to accumulate. It is just a matter of time when more people would realize the true value of Hive. :)
!1UP
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.
I completely disagree.
Splinterlands is the biggest blockchain game because of the low transaction fees.
It wouldn't work on any other chain.
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I agree but for me, the dip in the Hive price relative to HBD has been a gift from the crypto gods as, converting HBD to Hive has enabled me to boost my HP much more quickly than I otherwise could. That means that I can earn more per post and when the ratio decreases again, I can start stacking HBD.
As you say, we are at the wealth accumulation stage and couldn't live off of our earnings. The key is to be positively opportunistic and take advantage of these fluctuations and horde tokens until the price jumps.
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Upvoted and reblogged to share with my followers.
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