Hive has become a vast place of opportunities! If you are content creator you have a place out in here! If you are a DEV, hive gives you an opportunity to show your talent! If you are a gamer, you have one of the best opportunity to thrive out in here. If you are an investor, you are indeed in the right place!
Being on Hive from the very beginning it has taught me to see the bigger picture. It is ultimately all about, how you change your point of view while you are growing! Hive has given various options for us to explore. Which I have been doing for the last couple of months. Keeping that in mind, I was able to develop assets in different HIVE Dapps. Now, since that is taken care of, the time has come to focus on building my HIVE account for myself. I have been thinking for the last few days, how and which would be the best route for myself to achieve the destination that I seek in the coming days for my HIVE account? I came up with few of the ideas and I have already started to act upon those points :
- Powering Up HIVE everyday : Few days back a quote got into my head. It was "Take small steps everyday, eventually you will get there!" It struck me real hard and I have been exactly doing that. On that note, although, I have a very small number in mind. I will power-up that amount of HIVE everyday. Let's say, to make it count I will keep this going till the end of the year and get to witness the difference in my account. For now, the goal is to reach 100k HIVE-Power organically. If things goes as planned, I will increase the number of HIVE to power up everyday. I might sound little arrogant but in this price range for HIVE or lower it could be a wise opportunity to grab as much HIVE as possible.
- 100% power-up posts, as much as possible : I am trying to give as much time as possible of mine in HIVE. Which is why, I have been actively curating posts and going through them in an everyday basis. Which reluctantly have encouraged me to get back to posting content. Although, I am having a hard time in creating contents but the urge to create contents and making it worth while for the authors is the biggest challenge for me to achieve. For that I am trying from my side to create content and keep myself busy in HIVE.
I would like to use my blog posts and entertain/help/encourage users along the way of my HIVE journey. Keeping that in mind I will occasionally power up few of my posts 100% HP. It will help me rapidly increase my stake in HIVE. Like this post is going to be 100% powered up.
- Keep Liquid HIVE & HBD : If you have seen some pump and dump of HIVE in the past, you must have acknowledge the beauty of being a part of those pump. I was lucky enough to witness few of the pumps and gladly made some benefits on my favor during those rush hours.
Recently, there was a pump in HBD. Where the price triggered to little more than $3 for HBD. Which made the market pretty crazy. As HBD was supposed to be at pegged value but this sudden rise in price took almost everyone by surprise. I have seen many users who were not able to take advantage of this situation due to fact, they had no liquid HBD in their wallet. Most of them had their HBD at their savings. Leaving them a 3 day waiting period to get their HBD back. Which is why they missed that opportunity. But most of the users who were able to take this golden chance they bought back HBD but with 3x less than they have invested. So Keeping liquid in your wallet is one of the best opportunity that you can wish for.
- COMPOUND : The term which I have been avoiding for a very long time. Since I have seen plenty of Defi projects which went down the gutter, I have completely lost my faith in compounding. But its different for HIVE projects. I have been compounding like crazy. For starters I have been compounding my SPS rewards, which I have been getting from my staked SPS. This way my principal amount is increasing and I am getting a little more amount in passive income for myself due to compounding. You can do that with your HIVE account. Put your HBD into savings (incase you have enough money) and enjoy the APR. And use the money that you get to buy back HIVE at your convenient process and power it up. A sophisticated but an easy way to get some advantage out of your asset. Your principal amount gets to be safe and you get extra benefits out of it.
HIVE is going to change dramatically in the coming years. The improvements and the web3 experience is going to make all the change which you seek from this place. The market will recover sooner than later. And once it does, it is going to be a game changer like it happened in the past.
A simple wise sentence for you to grab, "In order to increase your HIVE stake, do you want to buy HIVE at $0.50 ish cents or do you want to buy it at $3,$4,$5 or even more?" The time is now to act. That should summarize my entire blog!
Either way this blog is not any sort of financial advice! DYOR!
Best regards
Rehan
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Interaction with others is a lot more valuable than anything else as it will increase the number of people seeing what you do and increase the chances of seeing something you might have missed :)
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Well tbh this is exactly what is needed for us. Interaction among users. I did not missed it though.
I just wanted to point out how things are currently working for me. But than again communication is indeed needed among users the most.
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!1UP As we never know what can happen, the ideal is to be prepared for all situations. I keep Hive and liquid HBD for Pump/Dump, but I never Power Down my HPs as I know they will be my biggest asset in the future.
Your post really shows very well some of the paths we can follow and it is worth studying a lot about the advantages and disadvantages. Thank you so much for sharing your strategies!
Future awaits us my friend. This is just the beginning. Lets meet at the top!
You are correct in the pump and dumb.. I also try to keep liqiud... Even though im pusbing the hbd into the savings wallet 😂
Ive been here since the hardfork too.. Buttttt I left some time ago... Not sure why 😂🍕 im back now though
Better late than never! 😉
That is indeed true
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