Are we out of the bear market finally?
Couldn't tell ya'!
I'm not what you would call the world's greatest investor. I seem to have the tendency to sell at the bottom and buy at the top...I'm awesome like that!
But seriously, there's been a lot of positive noise in the crypto space over the past 24 hours and the feeling is generally positive...But has it ever been negative for those of us...That stack and accumulate?
I want to share with you a story of something I experienced week while checking out some content on Veews!
There was a post by a member of the Hive community that read like a depressing letter to a loved one. In it, the member was extremely bummed about about the constant down trend in the markets and seemed to be at the end of the line when it came to having a positive outlook on crypto as a whole.
So being the SUPER positive guy that I am...I chimed in, and said...'Hey, be happy, you are accumulating Hive when everyone is being a negative Nancy'...Or something along those lines.
We went back and forth but the member was still...Bummed.
I feel for people like that, I really do because they are not rare in this space. The majority of people in crypto as tied to price and price alone. I mean, sure they say all the right things that they believe in decentralization, Hive is the future of Web 3, and they are in it for the long haul...
But this bear market has been TOUGH! And there is only so much people can take before they count their losses and ride off into the sunset. And I completely understand. I'm most definitely not a judge of people's decisions and reasons for being here in the first place.
But I wanted to share with you, maybe a positive outlook about why it's important to really ignore price when it comes to Hive.
For me it's simple...This is the future! I know I'm a fan boy, a shill, a raving lunatic..Excuse me 'Maniac about this blockchain but in my heart of heart's, I do believe this is where the world will truly embrace a blockchain that they can actually touch and feel!
So for me, it's about stacking! And it's almost like Hive encourages you to do it...
First of all, you get rewarded for adding value! And for me, this is brilliant especially when I select this for payouts...
For anyone new to the chain, this means for every one of my posts I am rewarded in both Hive Power and HBD.
What the heck does that even mean?
Our little delegated proof of stake blockchain actually rewards us for holding onto it's token and powering it up, which is called Hive Power. I like to keep things super simple for people, so this is like...Buying your piece of a government and then being paid to vote on how it's run. O.K., bad example especially in today's political climate. But I hope you see the power in this...
The more you do, the more you are rewarded with the token that is essentially the fuel of the chain!
But wait, there's more...
And here's the money shot! The other 50% of rewards payouts is in liquid HBD, out stable-ish coin. And currently, savvy members of the community are enjoying 20% APR on it. Which means, you have a built in savings program that you can funnel your rewards into that...Pay you a nice sum every year for...Holding it.
And it's not locked up for months either, 3 days and it can be liquid again!
Put this all together and you can see why I've never really cared much about the price of Hive. Sure, we all want 5 bucks per token. That would be swell! Drinks on me too when that happens lol But seriously, it's like the greatest savings program in history. Add value to the chain and get a governance token that you constantly earn from (even more through curation) and also a liquid stable-ish coin that you can put into savings and earn 20% a year.
Price?
Meh....Goes up, goes down...Doesn't matter. Right now, I'm just trying to accumulate as much as I can in 2023 :)
