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AskLeo - How Many Hive Can Give you Financial Freedom

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At the time of writing the Hive, the price is hovering around $2.19, but just for the sake of calculation, we can assume that the Hive price is $2. Now how many hives you need at the current level to attain your financial freedom. When I have joined Hive four years before I did not knew anything about Crypto, I just wanted to earn some crypto coins as at that time owning crypto coins were a distant dream for most people. I did not want to miss the opportunity of getting some crypto coins by investing time and interacting with some individuals.

PC: Pixabay.com

When I have first started, it was hard to get upvotes but slowly and steadily I continued writing and after four years I have accumulated more than 12.4K HP with some Hive Engine coins as well as HBD. So, if I convert everything to Hive I will be having around 13K HP. And at current levels, that would be around $26000 (Rs 1900000).

Financial freedom means that I will have enough savings and financial investments to have the expenses taken care of. Hive would be a great coin for achieving financial freedom because when you have Hive in your wallet then you will be easily getting more than 10% APR which is enough to beat the inflation and thus also the Hive coins will be with you and it will continue to rise in value or in quantity.

To attain my financial freedom I need to have around $250K i.e. I need to have a 125K Hive to attain my financial freedom. After having 125K Hive I do not have to take out the money but whatever amount I will be getting from curation will be enough for me to be financially free. This is about Hive at $2 but we know that Hive value is capable of much more maybe $20 or more. So even if I do not get more Hive but the value of Hive becomes 10 times its current value, I will be achieving my financial freedom.

Now the value of Hive increases or decreases based on the demand and supply but I think for me getting to 125K HP will take some time (5 to 10 years maybe). But I am ok to wait for so long to get to my goal. Again The time I think can be reduced based on the portfolio value of my Stocks/Mutual Funds but again I am not counting on it because of inflation. The ground level inflation is actually much higher than what is being told to us by the news. It is easily 8% to 10% if you combine General, Medical, Education as well as Lifestyle. So the fiat portfolio will not be sufficient for us to attain financial freedom. And because of that most people are coming to the crypto world because of this very reason.

So, I wanted to ask all of you that how many hives you need to get your financial freedom?

Posted using LeoFinance Mobile