My Hive Account grew 7.17% in a Year and a few words about the FTX/Binance News
Yesterday i read a post by @ctpsb regarding the growth of their members in a year. I hold some CTP tokens for over a year now and i will continue to do so and ofc i will try to increase my tokens as well.
To tell you the truth even though i have set some goals for the next year and to be precise until 09/2023 i want to gather 10k of LEO and 10k of Hive, i still don't check my growth at all. I think that makes things more difficult for me as i don't break my "big" goal into smaller parts nor i stay consistent.
That's why when i read that post and saw that my account grew 7.17% i realized that i need to be more thorough with my goals. Also, i had mixed feelings because due to many factors, the mandatory army service being one i wasn't active at all. Thus, even though i grew 7% in a year i wasn't active at least half of that time.
That means that i would had around 15% of growth but i guess the past is the past i can't change it. I need to be stricter and more consistent from now on. Also, note that basically every single Hive and Leo i have is by posting and curating. I haven't invested a single dollar out of my pocket.
Another sad thing i want to share that i discover through that post by @ctpsb is that some people not only did they had no growth at all but they also sold their Hive and basically left the platform. Even though we are talking about just a few accounts i recognized one of them.
Behind that account, it was a guy that was working in the IT industry. He was earning quite an amount from his work and he was basically using Hive to play some games and earn some bucks along the way. He also did write some awesome posts, curating mostly manually and made some meaningful comments as well. In other words, he was a great guy and an account to follow, he added value to the platform.
That guy also invested some of his money in order to buy some tokens as far as i remember. The only thing that i did not like was the amount of Hive he was earning per post. He managed after a while to earn better rewards than the average Hive account but still for his content he was undervalued. I don't believe that was the reason he left Hive though, as this was more like a hobby for him but i felt sad i can't deny it.
FTX nad Binance News
So i bet you all heard about it, it's the hottest topic around the cryptoworld this day and it will continue to be in the following days as well. I won't bore you with many details, i will just tell you the gist of it.
So FTX and Binance were big-time rivals. That was something good because healthy rivalry leads companies to innovation which leads to better products and services which in turn is beneficial for us the consumers. Also, when there are many players in the game it's getting harder for a company to have a monopoly. There are actually laws that prohibit monopolies in some countries.
So it was announced that basically, Binance will acquire FTX. If you are a fan of Binance, it may first sound like an awesome thing that happened that will lead to stability and pumps but the opposite scenario is more possible and thus people are panic selling.
The opposite scenario is that Binance will have no big rivals and will be the market leader. Why is this bad you may wonder? Because they could easily manipulate the markets and do everything they want, thus bye bye decentralization which was the essence of cryptos.
Hopefully, other smaller companies and rivals will rise with the support of people and once again more and more people will try to find decentralized exchanges, cryptos and such. Go HIVE!
Posted Using LeoFinance Beta
