Have you noticed your payout formula during this bearish season? Now is the best time to become a whale on hive by purely mining the coin.
Before I give you the break down let's quickly throw in a few lines of explanation of that these terms mean for those who may not know (because I have new friends on the block chain)
Hive: The primary token here on the hive block chain. Currently trading around $0.5 and I watched it peak to over $3 last year around December 2021!
Hive Power: Your staked hive aka hive influence, voting power, what makes you a whale and the list goes on.
Whale: A fish in the Ocean. Lol just kidding! An influencial person in any given blochchain. Here on hive, it is primarily determined by your Hive holding - Hive Power (hp)
Bear Market: A period when most if not all crypto currencies fall in price. Like you've observed in the cryptoverse a lot of words seem twisted. This is one. I think bear is forged from 'bear' like to endure a particular thing. It's been rough in the market but we bearing it!
Stake: Strategically investing your crypto to yield rewards.
HBD: Hive Backed Dollar. The stable coin for the Hive block chain. Every block chain has theirs and it's always same as the price of the US Dollar.
Haven put that out of the way, let's look at how to ride on the bearish market to become a hive whale 2x faster by mining i.e not buying your hp with your fiat currency but through your activities here in the block chain.
I consider our blogging activities here on hive as mining. We are building a massive community of web3 bloggers, buying, selling, staking and pitching hive. I think that's what the @POB (Proof Of Brain) initiative is about. Oh, there is also the @VYB (Verify Your Brain) now.
I did mention the pattern of our Hive payout earlier. If you're observant you'll notice the formula between your HBD and hp is more 1:2 i.e you get more hive power. This not always the case. If you were around when crpto market was better you'd notice that the HBD was always higher than HP in every payout. While this provide us with instant money to spend, the former help us stake/save/invest on the the hive block chain.
Look at it this way,if you are not powering down and you can make daily quality post, in a month time your hive power will significantly be greater than it's current value. This in comparison with a bull market will not give you the same hp if all factors remain constant.
Why you may ask?
Hive is very cheap now! Remember your HBD is always equal to USD? Less HBD can be used to purchase more hp(hive) for you this period in any of your payout.
Here is an example from one of my recent blog.
Notice the upvote here and compare with the payout formula.
Screenshots are mine.
So you see? there has never been a good time to blog on Hive than now.
It's even better for newbies because they can become a whale faster now than in a bullish season, that is ofcause if the are not powering up and rely solely on Hive payout formula.
And if you've been looking at investing in crypto you need to follow @leofinance and read crypto updates especially this one on bHBD and bHive.
Lots of ways you can invest in the hive blochchain. Lots of rewards the hive. Investors (whales) are getting.
I hope you got some insights in this post. Let me know your thoughts in the comments and thanks for reading!
This is not a financial advice. Make your dew research before making any investment.
Image was made with canva