RE: A Little HIVE goes a Long Way
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This point is important for those looking to take advantage of the small userbase we have right now and the potential of the ecosystem. This is also why I tell people to keep some stake, anything they may feel comfortable with, even if they really need the money it'd be unwise to sell everything.
There's tons of examples out there of people losing their bitcoin holdings they mined for fun in the early days, bought a couple pizzas with or used it to get some drugs off the dark web but never looked more into what it was. Similarly with ETH which was sitting at sub $1 for ages while I was telling friends it might be worth looking into.
Hive is more forgiving than that in a way, as long as you've remained a good actor there'll be people around here to support you, but that support shouldn't be counted on forever or taken for granted. Who knows what people will come up with for usecases of Hive, as long as the community finds it accepting it doesn't always have to be straight-up content or comments that gets rewarded and who knows what kind of lucrative delegation programs people will come up with that'll have many delegate most of their HP (not to mention the need for RC) away for some favorable returns leaving your friends with no voting power to vote you up with. Point being, the stake you're earning now won't be as easily earned in the future. If you only care about $ then you might get lucky and the price might moon 10x+ and it only requires 10% (minus deflation and powered up hive metrics) of the voting mana you're getting now to get you the same rewards in HBD later but this is always going to leave you at risk of never having your own stake and becoming financially independent.
It'll probably be a very bad move to never hold any stake, even if you hate hive and think it's never going to go anywhere I can tell you even such people hold some stake just in case that I know of. It's kind of the same risk management people should be considering with their fiat savings right now seeing what's occurring with banks, etc. I'd hate to be the person to come back here 10 years from now seeing there being 1000x more users competing for the limited reward pool and all your friends being gone while there's nothing left for you aside from proof you were one of the first million users that some may give you an upvote on your returning post for but then quickly forgetting you so they can upvote the newest tiktok video of their favorite influencer.
Now of course I'm quite a Hive maxi and think it'll live forever and keep evolving and scaling, but looking at it from a rational perspective I don't think it's crazy to assume that there's a ton of upside to it compared to downside as it can't get much worse pricewise, we've been there. On top of it all there's always going to be a few new weirdos who join or are invited by other weirdos who may not even care about selling it off but keep it on their accounts and grow alongside inflation to increase their influence on the rewardpool for the fun of it. As long as we can reward our blockproducers and there's at least 20 of them either for profit, speculation or altruisticly continue running those servers, hive will be here.
The potential upside is so big that it is worth it to keep some stake. Just in case.
The worst that can happen is that we all learned about being a decentralized community with tons of awesome projects
Absolutely!
Many live on hive, and sell what is coming, at one point I thought like that but to date I have not sold a single one, I have only reinvested them and sold high to see how the value turned to dust, I was afraid of becoming an orca and betting everything in a hive, but like everyone, it's never too late to go back and think about growing here, this has given us the opportunity to have digital savings for emergencies. but that we know that they will arrive when we least expect it, meanwhile we continue to build here, having fun and creating a library and plant base, an information repository rich in knowledge that has already been used by some students, and even newspapers to cite it and by the way we get something much better than what others get we are that group of crazy writers who found this treasure and we are not willing to abandon it because we know its value, and as they say if you allow us e achieve financial freedom we are here for it, watching the financial system shake.
Greetings and I hope you read this, even if it is misspelled, remember, I am in the land of Bitcoin, the first country to legalize it. I hope you come one day and let's have a coffee.
It is never too late to build a base here, but it is constantly going to get harder, the more popular it becomes. In terms of staking everything, it is probably worth having a little bit aside to trade on the internal market from time to time when there are pumps and dumps :)
Thanks for get Time for me sir.
Yes we Will try to involved un pump AND dump AND get some extra asset.
It is pretty easy to have the 50/50 rule here - earn, but never power down. For most in the world, powerup more :) I know I could have done better in many cases here - but I have also been consistently moving upward, especially during the bears.
Yes. I know one who ended up having to cover a tax bill, but in the last few years has built back well. Life happens, but life happens for some a lot more than perhaps it should. So, the question is, is it life, or their own behaviors?
The blockchain doesn't forget. An immutable reminder of an opportunity missed.
And this is the risk management. People seem destined to keep buying crap where there is certainty to zero and taking large risks on what has little gain. Why not roll the dice on a bit of Hive? :)
I some times see some in consistent power down while posting and earning about some badass new TV or phone they bought with Hive while they have close to no stake left. Guess there's all kinds of people out there and borderless and transparent social media just really brings it to light, lol.
Or they gamble the lot away! :D
Perhaps you should have written a post as a reply @acidyo 👀
Laughs I'm just messing around!
Argh now I'm gonna miss those juicy autovotes today by not posting anything, I'm such a shitty maximizer!
Yeah, can you imagine missing out on that! Laughs oh wait 😂
This blockchain is amazing though, remember a few months back I set my goal to reach 3k to 3.5k hive.. Basically to get what I had... Well I've since then reached 3k 😂 im stunned at how fast😂
I can actually give a few cents away now and not fractions anymore😎