This post was inspired by 
When I joined Hive I didn’t know the potentials of Hive, I was only subjected with the idea that Hive is a platform where you blog and earn. I didn’t know the power of the blockchain. Finding out about the Hiveengine or rather the layer 2 tokens gave me a glimpse of how Hive is more. But what I didn’t understand was , why do other Hive engine token have a higher APR than Hive. So I advised my friends to invest in Hive engine tokens like proof of brain, and they should buy little Hive.
Other Hive engine tokens give you more than 5% or more APR every month, like proof of brain, that’s like 60% or more every year. I felt that was a good deal and suggested that my friend invest in proof of brain more and leave a little for Hive. According to my observation, Hive gives 10% APR when you curate, and an additional 3% for powering up, which wasn’t enough compared to the 5%+ proof of brain gives every month.
He invested $300 on Hivepower and $3,000 on proof of brain. Unfortunately the value of proof of brain went really down and the value of Hive went really high. He ended up making a lot of money from Hive than proof of brain. This was a lesson I learnt from his mistakes. Ever since then I decided that I will be focusing on my Hive power and making sure I don’t power down and wish I never find myself in the situation where I have to power down.
So let’s go to the real question here, “why do you power up”. Powering up has lots of advantages, if you are looking forward to being extremely wealthy in the future, then powering up is considered a good idea.Hive is built for greatness and that’s an inevitable fact, we have seen what has happened to Hive in the last 7 months and plans of what hive will be in the future. So locking your Hive up as Hive power is like you saving your money in fixed deposit, earning from the fixed deposit through curations and also getting some free stuffs like airdrops because of your Locked money. Oh!! I forgot to mention that the value of your money appreciates also. So it’s an endless win situation for you.
You can also see power up as your piggy bank to save money. Imagine making it a habit to power 1 Hive every day, for 360 days. That’s 360 Hive regardless of what the price is, now imagine the value of Hive go to $10, you have successfully saved $3600 with 10% APR giving you $360 extra and an extra 3% that’s $108.
Powering up also gives security advantages. This is the reason I love the 13 weeks power down period, 13 weeks is 3 months that’s enough time to try and get your account back incase of any hack. When your account gets hacked, it takes 13 weeks for your Hive Power to fully turn to Hive. That gives you enough time to try and retrieve your account back. But if you leave it as liquid, the hacker can easily transfer your funds and bye bye to your funds.
The community is always working hard to make sure Hive turns out really great and am very optimistic about Hive. These are the things I consider when advising people to power up and not power down.
This is Not a financial advise
What about you, why do you power down?
