WHAT A $5 HIVE WILL DO FOR THE COMMUNITY?
Yesterday I posted about what Hive can do for you. Actually I received a comment where I should have posted What have you done for HIVE lately. If you did read you can see what I say with the theme does not align. #Hive in itself cannot do a thing for any of us. It is up to us to figure out how to enhance and get the best out of this application. I think everyone concerning is doing a great job to mount and keep the Hive fire burning.
I was playing with numbers today on my head. I was thinking what if Hive reaches $5 US, what is next? Do not let the theme change your goal for Hive. Only you can do something for Hive. Even if we see one day $5/Hive you did it. I took this parallelism to reverse your intellect and prepare you for this day. It will happen sooner than later.
Not too long ago we had a $3/Hive and it feels good to see how supply and demand help in between.
With that market cap, Hive will reach top 50 on crypto market cap. It means Hive will be expensive to acquire on the free market. When you post and you get upvote, you will get less Hive since it is more expensive. Do not forget the blockchain has a set amount of Hive available according to the power of each holder.
I think we will see more HBD circulating since it is less expensive as the dollar pegged.
I think in the long run it will help Hive inflation. Many will sell trying to offset the price but reaching this value will help to boost the holders as long the price remains efficient. It will get harder to accumulate Hive. Would you believe that a thousand US dollar can get you 200 Hive while now a thousand Hive costs $384. As you can see it is not too far. This is a near close future to see Hive reaching that milestone.
There will be an issue many could abandon Hive since it may be impossible to go ahead. Apart from that if you hold and you continue to grind right now, you will smile knowing you are in high demand.
Keep that thought really close. It is a lot easier to accumulate at 39 cents instead of $3,$4,$5.
While I mention $5/Hive, the risk always lingers around. Hive could turn sideways and we all go back to square one. The community is smart enough only to make move that will benefit Hive. So since I ask what Hive can do for you, the real question will always revert to YOU.
If Hive ever reaches this price tag, You probably do something where patiently you waited enough time to see the end of the tunnel. Before $5 there were $1, $2. The market is always looking for opportunity. It is up to us to promote Hive to get there.
Before an outsider will come and dissect Hive for its benefits, we should see it first and improve it. Eventually it is on the making to get Hive there.
I am just like you planning to see it and make a good use out of it.
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All I know Hive have capability to return anyone's 100x more than what he done for hive blockchain?
It is and it will.
Long horizon though.
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At that price, I may power down 52 HIVE, which is about 4 HIVE per week. That would be about $20 per week to exchange into HBD. Then, I'd put the HBD into Savings. I'd withdraw the HBD interest monthly.
That rate is sustainable. I currently earn about 90 HIVE per month. So, my account would still be growing.
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Everyone will sell some in order to fill the newcomer wallet.
Everyone gets something
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I was thinking that the HBD interest was yearly? Do we also get monthly 20 percent as well? where can I learn more ? 😄
It's 20% annual rate, which is paid out monthly. If you reinvest your interest, then the actual rate is a bit higher.
Here is something I wrote to illustrate.
https://leofinance.io/@travelwritemoney/hbd-savings-milestones-for-passive-income
Thank you kindly. I will read this tonight 👏👏🤗🤗
First of all, I didn't know there was a monthly return, and I think a lot of people don't know, but I'm a newcomer, so it's normal that I'm just learning about it now. 😁
From an economic point of view, it sounds really good. I wonder if it will continue permanently? In the blog post you wrote, you mentioned that it can be considered as an additional income even for retirement. This idea sounds very good.
But I can't help but wonder if there will be a stable income in the long run. I mean, we need to have a lot of confidence in the platform since the income of the money we put in savings depends on the Witnesses and the performance of the Hive.
It makes sense to think of it as a side income, yes.
But it's a bit scary for me to think of it as a full retirement or income.
I will give it a try for some time.
You have very good concerns. It is proper to have some skepticism.
The 20% is not permanent. The top Witnesses come to a consensus in the interest rate. There may come a day when the interest is lowered.
I think that what gives us some safety compared to other chains is that HIVE inherently gives us something to do with HIVE, which is to power up into HP for blogging and bigger upvotes. As a community, we are generally hodlers. We want to lock up as much HP as possible. It's pathological compared to other chains. Even HBD wants to be locked up in Savings.
Let's say the 20% only lasts 5 years. You will have doubled your money in that time. You can always withdraw your money from Savings within 3 days to move elsewhere. But, even if it only lasts for a year or two, you will be better off than when you started.
You are very right in what you say. I might have some confidence and consider investing. It might be good to try and dare to do something like this when I have new business opportunities in front of me. 🤝
Lately I've only been sharing powerup posts, and powerup all the HBD I have. I've also been buying some from my friends and fiancé. I'd like to get the monthly powerup badge.
After January is over, I can focus on HBD. Many thanks for teaching me something amazing! 🙏
Yes the 20% is yearly. You divide the earning by 12 and you will get the monthly.
It is not bad to see what you can get in a month with HBD.
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I plan to invest in February. I mean to the savings.
Let's see what happens for at least 5-6 months. It might be good to make a venture by putting money that I won't regret.
It was / is a very good thing to learn this, thank you all very much 🙏🙏
Moving or exchanging coins only benefit the traders. Speculation is like any other addictive betting game.
Eventually, we will see highs and we'll see lows too, I think it's the duty of everyone to maintain a stable strategy, one that can benefit them and benefit the ecosystem as well. I think hive will continue being as good as its community.
Good as the community dictates the unison we are building.
Hope to see Hive growth.
$5 hive is a long stretch that is possible but the environment has a lot to do with the community.
!PIZZA
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Eventually, we will see highs and we'll see lows too, I think it's the duty of everyone to maintain a stable strategy, one that can benefit them and benefit the ecosystem as well. I think hive will continue being as good as its community.
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I gifted $PIZZA slices here:
pouchon tipped acesontop (x1)
pouchon tipped josediccus (x1)
@pouchon(2/5) tipped @bozz (x1)
Learn more at https://hive.pizza!
Well, that's an interesting perspective and it is hard to tell. Thinking right now if Hive will reach $5 my mind would be to sell it. But being at the time when Hive is at $5 the mind might play tricks thinking the sky is the limit or consider that is a great price for steady revenue, thus would want to hold. Hard choices, but a man with a plan will know what to do and live with his decision.
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What about a $50 HIVE? Think of that...
Whoa !!
With the way things are right now never say never.
Literally if Hive could ever reaches $50 it s to show BTC is already past $2 million a token.
At that rate if you are in crypto and you play your game right
You will made it greatly.
!PIZZA
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They don't have to benefit from the same exponential growth ;)
One of the things that I have gotten into the habit of since Hive hit $3 and then fell down to where it is now is upvote comments. I upvote pretty much every comment that someone makes on one of my posts or my comments. It's my way of giving back and it spreads the HIVE around on a different level than just curating posts could. It might be a small amount, but it spreads further I think which is cool.
As we build the habit of keeping Hive running
the potential never seems enough to spread and see the growth.
I like the idea of upvoting comments just take a lot of time.
Hope you have some.
!PIZZA
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Yeah, it is definitely almost like a second job sometimes! The good thing is my main job has me sitting at a computer most of the day, so it is pretty easy to comment and upvote!