DCAing Into $HIVE With A Little Perspective!
Do you want to stack more $HIVE but have no money?
Don't worry. 90% of people in crypto are in similar situation.
What's the solution? Read on ⬇️
Build Your Personal Brand
As we all know, Hive has multiple options to publish content and interact with others.
Choose one frontend & at least one community. Get ready to go all in for 6 months.
Make content that:
- entertain
- teach a skill
- solve problems
- provide value
- make people feel good
The best part is, you can literally get paid from day one and earn two or more currencies at once.
💰 $HBD, $HIVE, and other tribe tokens.
Learn --> Create --> Publish --> Earn Money
Connections
Another imp thing you want to do is make connections.
It's not just what you know, it's also about who you know.
Infact, this step is the most important when building a personal brand.
The audience will not read your content if they can't connect with you.
Publish Everyday
- Publish a blog/video daily
- Comment daily
--> Get rewarded daily!
Consistency is the biggest growth hack.
As your reputation and network increase, your rewards will automatically increase.
Stack $HIVE & $HBD
Everytime you get a payout, you can stack as much $HIVE as you want.
Or put that into $HBD savings and earn a handsome 20% APR.
It's up to you! DCA EVERYDAY!
Bonus Tip:
- A $20 payout = 20 Hive (1 HIVE = $1)
- A $20 payout = 67 Hive approx. (1 HIVE = 30c)
What do we learn from this data?
Bear market --> Buy More $HIVE
Bull market --> Keep $HBD in Savings
Why?
So that in the next bear market, you can buy the mfkn dip from your saved $HBDs.
And create a massive stake for yourself.
That's how you play this game.
Posted Using LeoFinance Beta
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This is really a simple way to put things and it makes so much sense. I’ve never thought about it in this way before. Really smart.
This formula works if you want to increase your stake substantially. But it will only work if you at least go through 2 or 3 cycles. That's what I learned by looking at others' wallets.
I even made some cool assets on the side while reaching 6k HP in 19 months. Next year I will be hitting bigger milestones for sure and hopefully more assets on the side.
Posted Using LeoFinance Beta
6k HP in 19 months? That’s pretty impressive, especially considering that you had HIVE saved up as well! This will require patience and discipline though. A lot of it. But most importantly, sacrifice!
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It can be a bit of a tough grind to start making money on Hive.
But once you get a foothold in your community of choice and start compounding your rewards, those gains add up quickly.
I'd encourage people to think about their stack in terms of tokens and ignore the USD value of them for now.
Focus on getting as many HIVE tokens as you can and only worry about cashing out when you have enough to 'skim' your weekly earnings off the top.
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That's the best approach. USD value matters only when you are selling.
As a newbie, one should not even think about selling but building their stake.
Once you reach, let's say, 10k HP or 20k HP mark, it will be easier to sell a week's worth of earnings and take profits.
Posted Using LeoFinance Beta
Hmmm... I am targeting on teaching a skill + problem solving + entertain. 😊
I hope that more Hive users will focus more on providing value rather than just chasing the rewards. 🙂
!1UP
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Sounds interesting man, been out of this ecosystem for a while. I was active when it was with Steemit, went away in a bear market, now when i am back, so much has changed, Hive feels way better than steemit. I wish i had some HBD's left with me, could have got some HIVE, XD. I guess if i proceed to buy from some exchange i would get taxed 30% right :(