I was just thinking today about how blogging on Hive as well as curating content has already become a very lucrative living for a select few people on the platform. Bigger accounts are generating hundreds of dollars a day in Hive and Hive-Engine tokens, but to be one of those people you would have had to be in very early or have made a bulky investment (or both).
That brings up the thought: At what price will Leo and Hive provide enough profit to be considered a full time job at the middle level of earners?
I believe I am right around the middle in terms of exposure on @leofinance and am thus in a position to know around how many Leo and Hive I can earn on a week where I am actively participating throughout the week.
I usually average somewhere around 10-15 Leo on an article, but we'll approximate and say 15. I usually pull in around 5-10 Hive on an article as well, ignoring that half of that is staked and half is liquid HBD.
That would provide a total of 105 Leo and 70 Hive per week. These are pretty solid numbers at current values as a hobby, but is unfortunately not enough to cover many costs offline. This is approximately $90-$100 a week at current prices.
If that were to increase by say 5-6x, we'd be talking about this a whole different way. Sure $500-$600 a week isn't an insane amount of money, but it is a pretty good wage in many places and could be seen as a full time job.
Can we see $1.50 Leo and $5 Hive? I think we actually can, and much sooner than many people believe. We see Hive pumping on a regular basis and @leofinance has been adding a ton to their platform including stuff regarding CUB. I don't look at this from a technical analysis standpoint, but I am a believer that the price of a crypto will eventually be measured by the utility the token provides, and these platforms are continuing to grow at exponential rates. We may soon see a day when many people are able to blog and participate to make a real livable wage.
@sgt-dan with this sick pic:
@gr33nm4ster made this awesome gif I needed to share, we thank him as well!:
NEW TRIBE HERE!
Dunksocial.io
Links and Connections:
JOIN SPLINTERLANDS HERE
JOIN PRESEARCH BEFORE ITS TOO LATE!
Follow me on Twitter: Rob_Minnick23
LeoFinance/HIVE : rob23
NEW TRIBE: @dunksocial
Join me on Torum
Join Cake DeFi and get $30 in $DFI as a new user: https://pool.cakedefi.com/#?ref=187314
Noise.cash: rob23
Read.cash: R23
Join me on Publish0x: https://www.publish0x.com/?a=M7e587xqd2
Who I am:
My name is Rob and I am a college student doing my best to get involved in the crypto world. I have enjoyed blogging thus far and thank you for reading my article! Give me a follow and let’s build the community together through consistent engagement
Posted Using LeoFinance Beta
Hive teaches people to earn to invest.
That means if this money is rightly invested then it will produce 20-100X in a few years.
Posted Using LeoFinance Beta
Would love to see a 20x+ return wow
Posted Using LeoFinance Beta
A higher price for the tokens probably would not translate into a proportional increase in earnings. If prices go 10x, earnings might only go 3x. A 10x price increase implies both many more new accounts and a vastly increased incentive for existing users to be competing for the reward pool. Also, people who now give out 10 100% upvotes a day might well shift to 25 40% upvotes per day.
Granted, curation earnings would go up proportionally for whatever staked HP a user had, but the same cannot be assumed for author earnings.
Fair points, I guess I lack some of the mathematical basis for this thought experiment. I do know that it would be an improvement though if token price were to rise, so maybe still not a full time job, but incentive to keep posting for sure
Posted Using LeoFinance Beta
Some of this is a matter of perspective... some international Hive users are LITERALLY getting their lives for what to us would be a small bill's worth of earnings for us... but then in U.S. terms, consider the effects of verticality ... some put small bill earnings away in HBD savings and let those pile up with interest ... some roll HBD/Hive to other coins at the right time and turn small bill money into bigger gains, including our own Hive Engine tokens ... some repackage content made here and are making small bill money over again ... considered THAT way, one Hive can be made more than once. Hive is around 80 cents, already up eight times from its low point, but if each one we get can be made to work one, two, three, or MORE times ...
I love to hear your consistently positive viewpoints. Thank you for sharing this! Stacking small earnings will eventually lead to big results I am sure
Posted Using LeoFinance Beta
That may be true but you are forgetting the passive income from staking tokens. If you aren't fully cashing out then you will naturally generate other income sources and it should add up to more over time.
Posted Using LeoFinance Beta
Passive income will be a huge aspect of our platforms, especially looking at things like Splinterlands. Well said
Posted Using LeoFinance Beta
Hi, as other users have mentioned the increase on price for the tokens will attract more users, but does anyone have any stats on how this relationship works? if the price goes 1.5x so does the user base? and the number of posts? and the average reward for authors? or is it a false assumption, maybe more users means only more inflation.
Posted Using LeoFinance Beta
I do not have the information for that as I am not sure if anyone has run such stats. I would like to believe it is not a false assumption that value will be added to the platform as it increases in utility, but nobody can actually predict what the markets will do.
Posted Using LeoFinance Beta