Hive power-up day supposes to be every day because powering up does not only make sense for us but is also healthy for the growth of the hive blockchain and I power up almost every day for the past year. One of those things that it took me so long to realize is the power of compounding on hive and because hive normally inflates, compounding on hive is very powerful and a true way to financial freedom.
Let me break it down
We all know the crypto price is not stable and buying low is always the best option to sell at a higher price. After buying at a low price we hold till it is profitable and the truth is it can be very boring because imagine investing a large chunk of money into a coin and you will just living it there without monthly gain or interest, emergency might come up you will be force to just sell some which is not always good at the end but hive gives you options to mange, save and plan for emergencies.
When you power up hive and hold, this is different because you are been rewarded 3% every year for holding but if you put your hive power to work for you by curating on the blockchain. this will give you an extra 10% which compound into your hive power. With this extra income, you can plan your emergencies with it and also hold without touching your initial capital.
If you are the type that handles their finances well you won't have to worry about powering down, you might have even earned half of your capital before the bull run. That is why I choose to power up every day to compound.
I powered up 50hive
Last week I celebrated hitting the 50k landmark and ever since then I have been powering up effortlessly now I have hit another landmark which is 51k and I am getting closer to my goal daily. I know if I continue with this pace I will reach my goal by this time next year.
