Did you miss it?
As much as I love Hive, I realized a couple of years ago that I needed to make some efforts to restore my Hive/Life balance. I think we can all agree that Hive is pretty amazing. So amazing that it was all but consuming most of my time. I quickly came to the realization that I needed to take a break from the blockchain.
It wasn't a cold turkey thing, there's nothing short of death that would make me actually leave Hive, but for the sake of my sanity, I started to take the weekends off from Hive. That meant no posting on the weekend, and very little commenting on the weekend.
Unfortunately, that didn't fully resolve my issue. I would spend more than half of my day on Monday trying to catch up on everything I had missed over the weekend. Reading and commenting on two days worth of posts in a single morning is tough. I quickly realized I needed to take it a step further and just let those posts slide.
It was hard. That guilty feeling that I wasn't supporting or encouraging the people I follow and who follow me in return. It had to be done though, I would have burned out long ago if I hadn't.
The only problem with that?
You miss all the cool stuff that happens.
As we all know, the blockchain doesn't sleep. There's not closing time and weekend break like we see with the stock market. That was very apparent this weekend when Hive spiked to something like $.62. I honestly don't know what the top was over the last three days, but it was somewhere around there.
Once I found out, I was scrambling to scrape together what HIVE I could to sell into HBD. The plan is to move it back into Hive when the price gets to a point I like. I know a lot of people sold back. I'm still waiting. I'd like to see it down around $.40 or $.38 before I swap that HBD back into Hive.
My point is, if you weren't paying attention, you would have missed it. I almost did. I for sure missed the HBD spike that happened last week in the middle of the night.
Speaking of HBD
In case you missed it, I saw on the Leo Finance Discord the other day they were talking about a big player who picked up 600K HBD and moved it into savings. There is some speculation that is what caused the HBD price pump, but who really knows.
I'm honestly still trying to wrap my head around that kind of money.
$10,000 every month just in interest. Can you even imagine?
My mind is still whirling. I could cash half of that out roll the other half back into savings and I would still be making two months worth of my real world salary. Actually, probably more than two months.
It's crazy.
Someone commented how interesting it was that someone would choose to buy debt. Apparently, that is technically what HBD is. I don't know much about that, I just know that companies make their business out of buying debt all the time, and I would be the last one to complain if I were pulling in 10K HBD per month.
In fact, I will admit, I was a little dejected by that comment I mentioned above. It may have not been the intent, but it came across as "why would you want to buy debt to earn 10K HBD per month?". Um, because it's 10K HBD per month?
For those with big accounts (inside and outside Hive), that might not be a big deal, but for those of us who are in the middle of the pack or just scraping by, that 10K HBD per month would be literally life changing. It's a bit unfortunate people don't realize that. At the very least, offer alternative suggestions that you think would be a better move. Let's teach each other and build each other up versus mocking them, dismissing them, or shutting them down with zero explanation.
Just my thinking anyway.
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Building slowly with crypto one does feel you miss the boat when something happens when you sleeping.
Making any investment work for you is the reason you invest, to make HDB 10k would most definitely make one feel a lot more secure.
We building together for the future or would not be doing this at all, it is time consuming, enjoyment along with moments of feeling burnt out!
Yeah, thankfully those burnout moments are far more rare now. There are sometimes when I go on long vacations where I tend to miss my daily routine on Hive. Then there are others where I wish I could take even longer of a break!
Oh to be able to afford travel permanently, stop off wherever we feel a few days needed to explore, do Hive in between a very different lifestyle.
Problems always arise, be it money, lack of money, safety or lack thereof, something always bursts your bubble, you try harder ending up frazzled out!
Yeah, that definitely can be the case. Then when you think you finally have things in order, your health goes!
Don't go near doctors after age of 40 they find something every time, that is how they afford those extended holidays....
I hear you there!
My advice to you, since I see you struggle with letting go a bit. Yes, you will miss some cool stuff that happened but most of that stuff won't be that memorable. I see that you have been here for 5 years, which means you already know how everything is structured and where you would look for "cool stuff", meaning that it won't take you too much time to scour through those places after a break to find out if you missed something. If something really big happens, you will most likely know it, people will talk about it, and your friends will tell you when they see that you are back.
If you are afraid to miss big HIVE or HBD moves, just set up alerts that will go off only if there are bigger movements in price.
For support, you can always follow reputable curation trails and/or set some automatic votes on people you can trust will bring value to this platform even when you aren't around to see it. If you don't like the idea of automatic voting, give someone permission to do it instead of you, someone that you can trust of course.
Just think about it. Are you really going to miss that much? And how hard will it actually be to catch up?
I see that this bothers you, but everyone needs a break, it's for your own good. Try to avoid even taking a peek for a whole week or even a month and see how you feel about it. Mental health is precious and so is a physical one. They go together, and if you take a break not only is that going to benefit you but also the people around you. Because they will also get a healthier version of you when you come back.
Unclutter your mind, and everything will become so much better.
Yeah, I already have some auto votes set up. I don't really mind them. I like supporting people even when I can't be around to manually curate them. I think I am at a place now where I have found a good balance between my real life and my hobby of Hive. It's definitely something I still enjoy doing each day through the week. Thanks for the great insight!
What a fantastic run this week has been! Hive has been one of the biggest movers this week and I am pretty pumped at all the action!
I'd like to see it drop back below $.40 for a short time and then make another run up towards $1. Ideally, I'd like to see a new floor for it somewhere over $.80.
10k hbd, me check the price to Peso and wow that would cost a half Million here and right! That could be life changing if I earn that monthly ..
I do take off with Hive too at times as my eyes hurts 🤣.
Spending a lot of time in front of my phone or laptop
It is good to take a rest every now and then. There is so much happening you can't even try to keep up with it at all. Yeah, 10K HBD is just nuts! Life changing for a lot of people!
Oh I hear you on many of those fronts.
For me, I was swept up 6 months ago in vacation, changing schedule and sporadic demands of entrepreneurship with a business that sleeps irregularly.
I think it is more habit than anything but I am digging in my roots for some convenient daily content and engagement.
Definitely worth it even without the rewards
Yeah, for sure. I have started to view Hive as more of a hobby. It's something I enjoy doing, but not something I need to do. That helps to make it feel less like a job. Keeps me centered and all of that!
Yeah, having that amount of passive income is extremely powerful. one could also diversify profits into other areas and diversify.
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I'd definitely do that. Roll 4K or 5K back into savings, 1K into HP, 1K into HE tokens, and then move the rest into fiat.
Yeah, $10k a month would be life changing because I could quite my day job. However, current HBD volume is only in the 1-2million range so I don't think too many people could be converting that amount to fiat (or anything else) on a regular basis without driving the price down.
Yeah, that is a good point. I was thinking the other day about what I would do if I won the lottery. At first my mind went to the idea of being an instant whale, but I don't think there is enough Hive liquid to get me there right away.
As I'm sure you've heard in the Leo room many times, the best way to catch these pumps even when not around is to set buy and sell orders.
That said.... I still rarely do that myself 😅 Part of me just never trusts that I am setting the orders correctly so I want to do it real time. And part of me just forgets. haha. Oh well.
If Hive would just drop down to a dime again so we can all pick some up cheap, then pump to a dollar so we can sell. That would be just great.
That would be pretty great. As long as I knew it was coming! I think my problem is more having funds available to do this sort of thing. You can't set those orders if you don't have the funds on hand to fill them!
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I think that Hive/Life balance is very important. There's a high tendency of repeating the traditional social media habits of constant consumption. Taking a break is needed as we really can't get hold of everything.
The 10K month passive income in HBD is mind boggling for me. One could do a lot with it.
Yeah, that's a good point. While it would be awesome to have millions of people consuming and creating content on Hive ever second, it just isn't healthy from an individual standpoint.
I think taking the weekends off is a great idea. I've tried it a couple of times but it is not always working. Although I think I am moving in this direction.
If someone bought 600k of HBD, that's a nice boost to the Hive ecosystem. They would have needed to buy hive first with fiat and then swap for HBD I presume.
I am lucky that I get to sit in front of a computer all day. That makes being on Hive through the week less of a hassle for me. Given that fact, being free on the weekends is more feasible.
That is similar to me, with Spring coming, using the computer on weekends will be less.
I was wanting to ask, what do you think of these new virtual gaming rigs that you can now rent such as GEFORCE NOW?
I haven't seen those yet. I do so little gaming, I am not sure it would make a difference. Is it supposed to be like a dumb terminal or something like that? I will have to look into it. I guess it makes sense if you don't want to have to keep up on hardware.
yeah, it looks pretty cool, especially for online gaming.
It does take a lot just to keep up, I guess it's okay to just stick around and post less. I gave up a long time ago with posting, I try to do a few a weak or sometimes a month. its nice that once you have a stake it still adds up.
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Yeah, I understand what you are saying. It can be really tough. I've been pretty lucky that I get what I do.
Wow, 10k is a lot/month.
Life changing to me for sure.
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Me as well! I can't even imagine!
10k per month for years is definitely good, but question is hbd strong enough to give such %, because if he switch to usdt 6-7% then it will be only 3k per month and nothing special, there might be in future even less % for usdt too.
But crypto for sure give some opportunities to earn big even with almost no risk in stablecoins ( rip luna)
I don't know where you live, but I would take 3K per month gladly. Still better than any percentage rate I can get in traditional finance. Sure, it isn't 10k, but it isn't peanuts either!
but to earn this % you need to have 600k :)
So lets say if we put 100k instead then its 600 $ per month.
We will see how regulations on stable coins will perform next years.
I'm almost there. Just another couple of decades. I'd still take $600, that's almost my mortgage payment. I was pumping HBD into savings when it was 10%, so I don't really mind either way. Of course the 20% is nice, but if it goes away, it goes away. Hive is decentralized, so regulations shouldn't matter too much.
I struggle with the balance and sometimes I stay up way too late at night to catch up with everything here on Hive. Maybe I should just toss out Actifit if I am running late but I don't want to give up on walking as it tends to keep me physically moving. Overall, I think it just depends but if you are happy with what you have, then you don't need to worry about the rest.
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Ah yeah, actifit was something I had to let slide. When it came down to it the effort I was putting in wasn't worth the price of the token. I just couldn't justify it.