Explore Every Opportunity On Hive - Ways Of Investing In Hive And What Works For You
From outside, one might think there are only two ways to benefit from hive and that is by blogging to earn upvotes and trading the hive cryptocurrency earned from blogs. Though these are some ways to earn from the blockchain, they are not the only ways to invest on hive. Far from it.
Our web3.0 platform hive allows far more ways for one to invest in the blockchain. When you look at the differences between saving and investing, it is clear that although investing is a bit riskier, it yields more profit if we compare it to saving. Thankfully, the hive blockchain allows account holders to benefit in both these ways. You could make your account a savings account and use it to "store" your crypto or you could use your account to invest more.
First and foremost, I believe the best way to invest in hive is to give it your time. I highly doubt that without time for the blockchain, your "other ways" of investing in hive would bare a lot of fruits. So, in my opinion, I believe that giving yourself the time and dedication to understand the blockchain and what it has to offer is very important.
Image from Binance market
Buying the $Hive coin from the market is a way of investing in hive. The $Hive coin is one that we can trade in external markets like Binance and Huobi. As a form of investments, one can buy $Hive from the market and store it in a wallet. $Hive is not a stablecoin and if you are more into trading, buying and selling $HIVE in the market is a great way to invest. You can either become a long term investor buy HODL or become a short term investor and trade each time there is a short swing in the price.
Being consistent in one's blogging activities is another way I think can help you invest in hive. When we blog, we hope that we earn some crypto and hive being a platform that works like social media but lays more emphasis on human to human engagement is a place for writers to grow their audience and write more. You just have to be more consistent and know what your following want. Microblogging is also one of the ways to invest. If you are not big on writing and reading long form posts, you can use leothreads by Leofinance and ecency waves or decks by ecency to microblog and have a shot at micro-earning in $LEO, HBD and $HIVE.
When you start to use the blockchain, you hear things like, "powering up is investing in hive". Having been here for almost a year now, I believe this is true. Because power up is simply staking, a form of locking up your asset for a period. During the period of locking, you earn some passive rewards for your hive power and another interesting thing is that staking your hive means your vote holds more weight and you have more influence on the blockchain. By dishing out more juicy upvotes, you also earn more curation rewards which helps you to earn more $Hive. This leads me to my next point.
If you are not a content creator, you can become a curator. You can do this by buying a lot of $Hive from the market and powering it up on the blockchain. By doing so, you earn a lot more rewards from your curation.
Splinterlands
Blockchain games is another great way of investing in hive. The games on hive are not like the games we play outside of hive like subway surfers and football mobile games. These games are play2earn which means when you play, you earn some second layer token. Some of these games are Gods Unchained, WOO, Splinterlands, Rising Star, among others. You can earn tokens like $SCRAP, $SPS, WOO, among others. These can be traded for the $HIVE coin which can be traded. The added advantage is that some of these games have NFT advantages which makes it even more appealing.
Last but not least, I believe properly advertising the hive blockchain to the web2.0 users is a way to invest in hive. When hive gets more users, it means more people are likely going to trade the $HIVE tokens which can only be a good sign since that could push it into a bull run. More users means more use cases for the blockchain. What other better shouts "I believe in hive" than bringing in your friends and family and also proudly being an ambassador of the blockchain.
You should note that all I have said might not work for you. But you will never know the best way that you can invest in hive if you do not explore the endless opportunities and also take a leap in some of the things you find. You just need to have the zeal to find that one opportunity that works for you and put in your all.
Thank you.
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Posted Using LeoFinance Alpha
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The first time I played a blockchain game , I found it very interesting. But my current life won’t allow me to play the blockchain games as I understand they are very time consuming but don’t worry, I’ll join you soon.😅
😂 haha busy woman. Come join us soon
Really an amazing post with all of the methods of using Hive. Let's all pray that in the next bull run Hive goes to the moon. 😃👏
!PGM
!ALIVE
BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!
The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]
5000 PGM IN STAKE = 2x rewards!
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Haha hive to the moon 🚀
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Powering up hive is a very good investment even though most of us do not realize it.
Thanks for sharing your thoughts with us.
Splinterlands game has very been fun for me and investment in their asset too
Oh that’s good to hear. How long have you been playing?