In the Hive ecosystem the price of Hive plays a very important role. Especially when its price goes down you may have noticed that the number of active users decreases. This means the blogging percentage you used to get before is no longer the same.
This happens because peoples interest becomes low since their earning becomes less. They think that when the price of Hive increases then they will come back and start content writing again to earn decent money.
In other words the content writers who are working right now are the real loyal users. They are showing consistency, giving value to the platform and doing everything they can for the ecosystem.
You may have noticed that when the price of Hive increases or stays in a bullish zone, new and new accounts start doing content writing. Because when the price increases the upvote value also increases and when upvote value increases earnings also increase.
Keeping this in mind the lease system in Hive Engine also works the same way. I remember when the price of Hive was around 0.35 dollars at that time you could see users lease requests spread across 5 pages. But now when the price is around 0.06 dollars, only about 4 users are currently requesting HP lease.
The main reason is the same that is earning is slow and effort is more that鈥檚 why peoples interest has decreased. They are waiting for the right time to get the maximum benefit.
This is not the way that this platform gives you the best benefits. Because consistency is the key towards success you need to be consistent in every market situation. The career grows only when you are consistent and you have more focus on your skills rather than earning money.
Many users still do not know the benefits of the HP lease system. They do not understand what is the best time to take HP lease. The real best time to take HP lease is in a bearish market.
Because the price is already low so there is a higher chance that it will go up. When the price increases since you took the lease at a low level you get benefit.
For example if I want to take a lease for one year and I think that Hive will double (from 0.06 to 0.12 dollars) then this becomes a good source of profit for me. I will take the lease at the current price and as the price increases the value of my Hive returns will also increase.
After one year when I want to sell I can sell at 0.12 instead of 0.06 and make profit.
If your prediction is correct and you believe the market will become bullish then the real time to take Hive lease is during the bearish market (like now).
But because the price is low and for 10,000 HP you only get about 0.03 upvote power, this cheap value actually stops you from taking the lease.
If you can understand these mechanisms of the Hive ecosystem then this platform is very beautiful and powerful.
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Thank you all for your time reading the content.
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