Your Hive Account Is Similar To A Small Business
Last night I received a reply from @forexbrokr and this is what got me onto the topic of today's post. I never know what I am going to post each day and sometimes it comes from comments like this that get you thinking.
Viewing crypto as a sustainable income generating asset (like a business in itself), is the next level to this.
Your Hive account or Splinterlands card collection are prime examples.
The wisdom of @forexbrokr strikes again.
I do feel exactly the same way as give Crypto a few more years to mature and the work you have done in creating your Hive account building strong foundations you will have something rather powerful. Many don't get how important the building of foundations rally are and want to jump in and earn from day one. The reality is it takes years to create something worthwhile that you can be proud of as a Hive account is very personal and all depends on your work ethic and input.
When I first started out on Hive I was lucky as I had a mentor in @tarazkp who has been a shoulder to lean on and have been able to tap into his knowledge. This I think is beneficial as it has for me as you learn so much just by reading and communicating via posts. Understanding what you are striving for is crucial to understanding what and why you are doing.
Like a business you need a strong foundation and more importantly time to become established. This is why taking the idea of a long term build is the correct way. Businesses take a good 10 years to be properly established and I suppose Hive many not take that long but it takes a good 4 or 5 years to give you a chance.
The weird thing is Taraz mentioned looking at Hive like a degree giving you 5 years to become established and has been the best advice I have received on here. The potential is unlimited to what is possible regarding the earnings in the future as we have no idea where the price will go except we do know it will be far more in the future.
Like any business once you are established the earning potential increases as you grow larger. Once you start chipping away at the growth the snowball effect starts to come into it's own and growth happens organically through what you do.
I can only imagine what type of values we will see hive accounts holding in the next 5 years as some would have been active for a good 10 years already. 10 years of consistency with compounding and earnings accumulating will be mind blowing what can be achieved and why sticking with this is important. Anyone joining now will have 5 years of catch up unless they invest, but still you have to grow your foundation which they would still have to do.
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