Buy Hive, power it up, curate and keep increasing your stake. This is one of the best ways to survive in the Hive ecosystem during a bear market. It is a strategy that can help you endure all market conditions while continuously growing your holdings.
One of the biggest reasons I stay invested in the Hive ecosystem is that when the market turns bullish, my earnings automatically increase and I also benefit from capital appreciation. In other words a bull market creates a win win situation for me.
However even when the market is bearish I still see it as an opportunity to succeed. Buying Hive at lower prices, increasing your holdings and consistently powering up can steadily boost your passive income.
In fact, a bear market is the ideal time to increase your quantity because the rewards you receive are based on the amount of Hive you hold. :peakd/hive:
Keep staking Hive, keep powering up and continue building your position throughout the bear market. Then, when the bull season arrives, gradually sell portions of your accumulated holdings.
When prices fall again, buy back and repeat the process. This cycle can become the key to long term success within the Hive ecosystem.
I know many Hive users who do power up their Hive but they do not do it on a daily basis. Instead they buy Hive and keep it in liquid form for a long time before powering it up. In my opinion, that approach is not as profitable as the strategy I follow.
The strategy I apply is to power up every single day. Whether I earn Hive through rewards or purchase it from the market I convert it into Hive Power on a daily basis. The advantage of this method is that my staked Hive or Hive Power, keeps increasing every day. As a result the value and influence of my votes also grow.
With stronger voting power my curation rewards improve which in turn increases my overall earnings. This creates a compounding effect that makes the strategy more profitable over time.
As you can see I have been consistently powering up for the past two weeks. My goal is to keep converting all the Hive Power I accumulate into additional stake so that my curation rewards continue to grow.
As I’ve mentioned before I have set a personal goal to increase my Hive Power to 50,000 and achieve that milestone as soon as possible. Once I reach it, I will set my next target and continue following the same strategy to keep growing my Hive Power over time.
That said life is unpredictable. If I face an emergency or need money for financial reasons I may have to power down temporarily. However my intention would only be to meet those immediate needs. I plan to buy back even more Hive than I powered down and continue powering up whenever possible.
After all there is little value in holding funds if they cannot help when they are genuinely needed. That’s why I believe it is important to balance financial responsibilities with long term investing.
At the same time, I remain committed to steadily growing my Hive Power which I consider an important part of my future and my career.
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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