Snowballing Your Hive Growth
When a snowball is rolled across the snow it becomes larger and larger and this is the same affect Hive has over a period of time. Do not underestimate the power of compounding along with the organic growth that happens. For many it is not noticeable and this is why this is so powerful as it just happens. If you look in the mirror each day you will not notice the ageing effect as it is gradual, but bump into an old friend and it is rather telling.
I had heard about the snow ball effect but had never actually seen it in operation and even when you are a small stake holder on Hive it is hard to see. I only started to notice this after I had been active for a couple of years as growth momentum takes time to happen. This is why being patient and consistent does start to pay off as the snowball/ hive account is becoming bigger.
Those of us who sit back expecting to grow by getting by doing the bare minimum will not experience this phenomenon as it is rather magical. I do think once you see it you start to realise that here is no going back and you have to stick to the Hive routine of being active every single day. Nobody wants their snowball to melt as to get the momentum growth rolling there is no breaks allowed.
Over a 5 year period an account with 100KHP would just about double in size only on curation and the 3% APR on offer.
As you can see from the graph above the 5th year of staking growing without posting or earning via play to earn etc one generates in excess of 23kHP on curation and APR alone.
This could be a serious value in dollars by then as the reward pool does not grow in size just because more people have joined Hive. 200K HP could well be worth far more than $1 million in 2028 and this is free wealth available to everyone as long as they commit the time required. The reward pool not growing in size will be a telling factor and why having stake is that important as whilst others are struggling to grow you are growing organically at a healthy pace with no pressure.
This is the head start we all have by being involved in Hive early and why wasting this time would be reckless. Those that have recently joined need to do more as they need to grow faster than those that are established already. This was my growth tactic back in 2018 when I started out and it worked as it is common sense you need to spend more time on the blockchain making up for lost time. This is not easy, but then again anything that has value is never easy as that is why it has value.
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Did you take that 5 years timeline comment seriously? lol
A nice post that demonstrates how important it is to be consistent and remain active. 3% APR is huge if you are hear long term and couple that with price appreciation and bull market. You can attain financial freedom.
No. But it is true I do see Hive in 5 year cycles as my first 5 years is 2 months away and then I start the next cycle.
Posted Using LeoFinance Beta
I actually graph my HP growth, and then decided to graph my average growth (over the previous ten weeks), and yes that number is growing nicely. I don't know if it's just me finding my niches to post into, because it's much faster than my curation abilities are growing... Maybe it's just going from not having a goal to setting goals for growth.
The effect of compound interest here on Hive can be triggered in a variety of ways.
What is certain is that it is always better to be constant to publish and interact... you accumulate Hive in this way and also Hbd, from which you take 20% and from HP 3%; plus you continue to make money from post curation and the earnings from that also help trigger compound interest.
In short, the less time you waste, the more you work now, the more you will reap the rewards later💪
I have not been working on hive for long now as you said this chart is for people who have been working for a long time and can check their growth. If a person invests in this project for a long time and stakes his coin's, he can earn very good profit in the future because it is a strong and trusted platform. Some people like that we don't have to work, only earning, then they can stake their assects and earn money.
Most of the time when I hear people talking about the snowball effect they are usually thinking of getting rid of debt. It is important to remember that it works the other way too with savings. Great post to remind us all of that!