Finding Lost Consistency .:. Flying From Flower to Flower, Back to Hive and Defi

Do you know that feeling that it's always your neighbor's grass greener? Well, it's the same thing with crypto and different blockchains that we have... You dedicate your time and money to one thing, and after a while, you notice another "shiny" thing and you jump into it as it "looks" better than your current crypto... Then, after a while, your "home blockchain" adds certain stuff on top and makes it more valuable than the other one where you jumped... And then you come back... and you are spinning around, and around...

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That's probably the worst thing that you can do with crypto... Jumping all around and "ape-ing" into different things... Don't get me wrong, I'm all for learning and researching new stuff, but I'm not for jumping around and moving all my resources (time and money) from one place to another in a matter of minutes... Just because that new thing shines so bright...

In my opinion, when you find something interesting, you invest a portion of your time, reading, watching videos, getting familiar with the new blockchain/project, maybe testing it with some small amount of money... and that's it... After some time, if you are sure that it's worth all your attention, after comparing the pros and cons, you move along...

While I was searching for quality posts for @Ourpick, I have bumped on the post by @zakludick, where he was writing about the consistency showing by his own example the results of his "small experiment"... He showed earnings from his content creation while he was doing blog posts occasionally, and on the others side, he compared that with numbers while he was posting EVERY day here on HIVE... Check out the post to see the results...

I agree that not everyone is born to be a content creator, but you have plenty of choices on how to make money here on HIVE... Also, after some time maybe you get bored with blog posts and you want to do something else... In the past I wouldn't miss a day without a post, but lately, I have to admit, I'm not that consistent... It's not that I'm bored, as I have plenty of topics on my mind, but it's more that I have dived deep into researching blockchain networks out there... I blame @leofinance for that, as everything began from the Polycub launch when I had to learn about Polygon... Then I started to read stuff about Fantom, Rune, Avalanche, Terra, etc...

And here I am... The person from the beginning of this post... The one that flies from flower to flower... hehehehe... OK, there is a big difference, I didn't leave HIVE and went all-in those blockchains (but I was tempted...)... But, that research took a lot of my time and I didn't create posts on HIVE...

On the other side, while I was looking into other projects, I was building my portfolio here in my home... Yes, all those Defi projects on those blockchain networks are juicy, with great APR, easy deposits, withdrawals, but they are "wearing" a lot of risks that people from HIVE aren't aware of... We are so used to having everything in "our house" with people that we KNOW, and we think that everyone out there is like our friends here, but it's not like that...

I so easily get distracted... Back to the point... As I said, in the meantime, I was building at home... I was investing in liquidity pools on Diesel pools! Now, people will say, "there is not enough liquidity there", "you can't earn shit there", "all Hive-Engine tokens are shit tokens", etc... If I can be honest with you, some of these things are true in some way, but NOT all tokens are shit tokens, and you don't need billions of dollars in liquidity to earn some passive income...

Screenshot from tribaldex.com

So, from the moment when diesel pools started, I have been adding liquidity to different pools... After a while, I have removed some as tokens have died, or projects were abandoned, but having an ear on the ground helped me to recognize which tokens are here to stay, and which pair will bring me impermanent losses... Also, the big advantage of Diesel pools is that you can ADD and REMOVE liquidity to the pools without ANY FEES... It's 100% free as they don't have internal fees and HIVE has no transaction fees... So, if you mess something up, you can fix the problem without losing money... :)

When I began, had a number in my head that I wanted to reach, and I have worked to get there... Something like #MyHiveGoals posts that I do regularly, but specifically created for Defi passive income... The first phase was to reach $10 daily from LP rewards... Here is a small part of the spreadsheet where I enter my daily earnings...

Those numbers are from different pools where I have provided liquidity... As you can see from the pic, I'm in around 10 different pools... Maybe for some of you, it looks too much, but that's the way how I'm doing diversification of my assets among different pairs...

It is possible to reach your goals, but you have to keep your focus and work on them... I have missed my consistency in the content creation, but I have compensated for that in other things here on HIVE...

Thank you for your time,

~ph~

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