Bitter Sweet
The one consequence of Hive going up in value is that the amount of Hive earned on posts drops. The Dollar value goes up but inevitably you earn less Hive and that is the downside. The users who are looking to build and grow their stake will just take a bit longer to achieve their targets. We have been fortunate up until now as being the early adopters on Hive we have definitely benefitted.
This is why having growth targets is a great idea as it does help to keep one focused on the bigger picture and reassessing what is possible when times like these arrive. Any Hive earned is a bonus and why having stake is even more important as you still earn on the curation side of things.
I was thinking last night when Hive reaches $5 how much Hive will many of us be making and to be honest much less than now as every Tom, Dick and Harry will be here by then. The reward pool doesn't get any bigger with the increase in users, but is now shared so there is less to go around.
This kind of highlights why the bear market is crucial for growth on Hive as when the price is down you have to stay busy in order to get ahead. This is something many don't get as they have this all back to front. The Dollar rewards may be great but you aren't going to rapidly increase your Hive Power unless you invest. This is where the ones who grew over the last two or three years have benefitted immensely.
As the price increases the brakes are applied to your growth and the only saving grace is the support you have garnered over the last year or two plus your curation due to your stake. Anyone arriving now and investing will have to outlay a sizeable chunk of change to get ahead even with Hive at 80c. 1000 Hive is still $800 and that will get you a few cents in vote value.
I have always envisioned having 100 000 HP for this very reason as that would give you around 2.5 Hive per vote in curation rewards no matter how high the price goes. 25 Hive per day is big in anyone's books as that is decent growth and is not liquid so is added to your stake daily when powered up. Not forgetting the value it generates for the community you are also helping to support giving out 25 Hive in curation.
Numbers make sense to me and what makes me think along these lines as seeing what is possible when Hive growth slows down. The idea of having a passive income when Hive can afford it is what the long term goal is.
The one benefit is when Hive goes up in value it will offer the chance to purchase more HBD to stake and earn the 10% interest. I haven't seen any point up until now whilst hive is below that threshold and will only add once Hive is More than HBD's price. Growing the hive stake is that important and has to take priority before everything changes and slows down.
Thankfully we have the tribes when the Bull season hits and can concentrate our growth in these areas instead. This is when I see the Leodex wallets growing in value as stake again is valuable in growth but how will the prices adjust according to Hive value will be interesting to watch.
Posted Using LeoFinance Beta
