Understanding A Few "Hive" (Crypto) Financial Basics; Newbie's Growth 101
Assets, investment, hodling, spending, diversifying, day trading, long-term trading or taking little gains while holding long term, everyone has a different strategy that they can maximize to take advantage of the rise or dip in crypto.
I have monitored a lot of newbie activities on hive and probably due to low earnings, they try to Increase their cashouts by powering down and adding it to the remaining 50% they already have in liquid format but then this is never advantageous in any way and why have I actually said this?
as a person holding utility coin like hive, there's always an advantage which is, you're growing your stake; growing your state from your own point of view is development, many would say, *"
oh I only got $2 reward on that post it wouldn't matter if I keep it powered up, I can never be a Whale"* and then they power it down for instant selling.
Source
Truth is, growth on hive shouldn't be to mirror any whale dolphin, shark or piranha, the foodchain ranking in the blockchain is necessary as everyone eventually plays their role there will always be someone who will have a larger stake than you.
Some of these guys have put a huge deal of their money into the system and looking at or mirror them in comparison with what will have might not encourage you, they would feel Jeff bezoz to you and this exactly wouldn't help your growth mentality especially if you already need an excuse to power down.
That is why leaving your rewards powered up attracts you more supporters; inasmuch as your power up might not influence the hive ecosystem it influences some huge investors here to see you as a builder.
Truth is, let's talk greed; greed is mostly good only excessive of it can be bad, so many people have become dogecoin millionaires recently simply by piling those shitty blinking things and it's eventually paying dividends.
Everyone in crypto needs to be futuristic even those who are day trading are hodling long-term. The reason why I say this is because crypto might just become the biggest thing in the future what you have now determines your standing. Now hive isn't doge.
The community behind doge is responsible for the growth, the shilling, the tweet, the meme and now Elon Musk. Hive holds more Utility and even if the marketing is currently shitty it wouldn't stay this way in 2 to 3 years time
Powering up is being futuristic, inasmuch as people on the chain sees this as you only believing in hive, personally its more also about you trying to secure your future.
Hive has always been about you killing three birds with one stone, you can earn it, hold it, and use the holding to even earn more in form of curation rewards, while others who want more piece of the cake actually takes huge profit from other coin to increase their holding, how many system in the world can actually do this? So if you're powering down as a newbies at 60 cent what will you do at $2?.
I am actually not condeming power downs, I just think it makes you lose more than you'll gain in the long run. I use to advice people not to be in a hurry to sell, many people are getting crazy DeFi airdrops Just for actually holding on to dozens of shitty blinking things.
The whole ecosystem of hive is filled with opportunities and holdling will make many unexpected millionaires in years to come, many are powering down to go into POB, Leo, CUB and back and forth, having a systematic plan to increase their holdings while also taking little profits.
Inasmuch as justification isn't necessary, holding eventually does way better economically. Its difficult to grow, back in the days I was scrapping my little change to buy a few crypto and I have taken a lot of gains to actually increase my holding elsewhere, the economy is interconnected, try to build a web of wealth, apart from hive.
Essentially you only real big even you buy, trade and hold, everyone is responsible for their financial journey but you can chose to do better.
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My name is @Josediccus, a young Nigerian student who is a Vlogger, A Psychologist, Poet And Sports Writer/Analyst. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off hive can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers
@Josediccus, your brother-in-pen & heart
I'm hoping to reach more people who are broken at heart and spirit, so share on any platform or reblog
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