These are definitely not normal times even though it seems like business as usual on the HIVE blockchain. The benchmark APR that we would always rely on hovering around the 3% mark is up by an extra 1.54% which is offering everyone with stake much quicker growth. The obvious reason behind this is less HIVE is being staked currently and this directly affects the APR so in theory there must be 50 less stake than what we had when it remained stable at 3%. I am assuming this and thinking this through logically so do not quote me on this.
My stake is benefitting by an extra 8.33 HIVE daily which even at these prices is worth an extra $0.50c and over 1 month more than $15 or 250 HIVE which is rather crazy. Still you have to pit everything into perspective as this has taken 8 years to build to benefit from this increased APR. The total earned daily from my current stake of 197K HP is 24.58 HIVE daily which is way beyond my expectations. In the past these would be earnings for an account holding 300K HP so take this whilst you can. Still a major worry though that their is less staked HIVE on the blockchain these days and we are talking about a significant amount.
With all the extra growth taking place for those accounts remaining active and consistent this is directly impacting the HIVE vote values. The vote value is how I judge the true growth of my account as this directly impacts the curation rewards plus the support I can offer other accounts via the vote value.
10 days ago I highlighted that the vote value had risen by .12 HIVE from 8.8 HIVE to 8.92 HIVE. Last night I took another look and this is now at 9.07 HIVE per 100% vote. This is worth an extra 0.75 HIVE daily for those I support through curation and my own account growth. Sometime sit is hard to see where the account growth is happening besides just looking at the stake that is increasing. Knowing how the growth is taking place in other areas is key to understanding the overall growth. Having a higher vote value means you grow and those you support are also growing as your values have increased.
The previous Bear markets I enjoyed far more than the Bull cycles due to the growth that took place and this cycle we are experiencing now is no different. Price is only a concern when you are thinking of selling and now is definitely no the time.
The priority now should be to grow as quickly as possible because these situations do not last forever. These are the times we will look back on fondly wishing they had never ended due to the growth that took place. Take care of what you can control and ignore the negative noise as this is where one can make a big difference through remaining active.
With HIVE we are very fortunate due to the various ways we can earn HIVE daily and this is a home base we can hide away from the bloodshed happening in the markets. The price is down for every crypto and growing your bags will be what makes a difference when the markets do finally turn which they will do.
