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Food For Thought

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@cryptoandcoffee
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Make the most of being early

Yesterday @tarazkp did one of his rabbit hole adventures on Hive and for those of you that haven't read it I suggest you do as it covers some very important points. here is the link to his post A Little HIVE goes a Long Way

The important take away is that Hive is deflationary and that the reward pool will forever be shrinking resulting in Hive being harder to earn. This is something I keep saying and why growing your stake now is that important. If you live off Hive and are not staking you are playing with fire as things can change very quickly leaving you up a creek with no paddle.

When I first started out on Hive 5 years ago the aim was to grow as quickly as possible before we were inundated from the masses which has not happened yet. Those 5 years was a blessing in many ways as it focused my actions on growth and that will always be the case as I know no different. This is why I take Hive so seriously as why wouldn't anyone knowing the importance of having stake as stake is where the real value lies.

Having stake behind your name means you have value not only to yourself, but to those you support on the blockchain. This in many ways is your security blanket for the future as it guarantees you a return from the reward pool from curation and the 3% APR on offer. This alone would generate a small fortune and where the real value lies in how much stake you own.

I was running through some numbers last night as numbers make sense when you are trying to understand things as it simplifies what you have. This number crunching helps you see the bigger picture long term and advise everyone to every now and then take the time to do this. This process will encourage you to do more as the importance of having more becomes very apparent.

On my current stake Hive at only $1 which is nothing considering where we know it could end up just the APR of 3% is worth around $220 per month. Not a fortune I have to admit, but a $5 or $10 Hive and things are becoming way more serious. Throw in curation as this is guaranteed earnings not relying on anyone else or the number of people that have now joined shrinking what is on offer via the reward pool and at a $1 hive that is another $20 per day or $600 per month. A $5 or $10 Hive turns that into $3000 or $6000 very quickly and suddenly how the story has changed.

Stake doesn't make you rely on others which is the point as no one knows what is still coming and around the next corner. We can surmise we are most likely at the lowest point price wise so what lies ahead should only be up from here. Things can change very quickly as the support you rely on now may disappear at some point due to someone selling as a $10 Hive may be hard to resist for some or a project that attracts your biggest support away leaving your earnings in tatters. This should always be a worry as this is very real and expect this to happen when the time comes.

The window of opportunity has been here for years and that window will close forever when that time arrives. We have an ever decreasing reward pool with the likelihood of many more new users being onboarded making Hive even harder to earn. If you have not grown your Hive and have been here for some time then you only have yourself to blame as the easier Hive on offer will have long disappeared.

Posted Using LeoFinance Beta