Why I Love Hive...
I haven't done one of these blockchain love posts in a while...
I've been so focused on building up my tribe and being obsessed with everything happening on Hive Engine, I thought it was time to remind myself how awesome Hive is!
I'm not going to ramble on and on about the amazing apps here, they speak for themselves. I'm a huge fan of the majority of them and have literally replaced most of my traditional social media with Hive blockchain based applications.
As an entrepreneur, this is very exciting. I don't feel the need to 'beg and plead' for followers and engagement on something like YouTube, I'll simply post on @threespeak and let the Hive community do the rest :)
What I wanted to focus on is...The investments here!
In today's CryptoManiacs podcast with @taskmaster4450 a question came up from the audience...
(Great question btw @mba2020)
Traditionally, we're looking at around 8% return from the S&P and maybe a little bit higher depending on what you are playing with. But that's what we are looking at with the stock market.
I know, I know...We can get 10,000% or higher on some yield farming and all the fun stuff DeFi provides. But for this post, I want to tackle the features and services we have right here on the chain.
Hive Power - The best little investment vehicle I've ever used!
Hive power truly is an amazing feature of this delegated proof of stake chain. Sure, it's got the governance elements, and allows us to vote for witnesses and proposals on the DHF. But what is amazing about Hive Power is that, once you power up your Hive, a while new world unlocks for you!
You can earn around 3.25% a year, just by staking Hive and not doing a single other thing but that wouldn't be much fun...So think of that as a bonus for staking.
What Hive Power does is unlocks the amazing potential of delegation!
The ROI completely depends on the projects you decide to delegate Hive Power to, but using a service like @dlease I've been constantly receiving around 13-15% on my Hive Power.
There are amazing curation projects too, like @curangel where I'm getting a very nice return, around 10-15% APR on some Hive Power I sent over there as well.
And that's just the tip of the iceberg. Hive Power truly opens up the blockchain as an investment vehicle like nothing I've ever played around with before. Now one would say, what happens to your returns if the price of Hive goes down...?
And I say...Welcome to crypto! LOL
Seriously though, for me, it's all about accumulation on this blockchain for the long run. So I'm still getting the Hive with every single Hive Power I delegate, and that's a win for me :)
Oh did I mention curation?
But wait, there's more....
Curation is such an amazing aspect of Hive, I think at times it even might get overlooked. Like other people's stuff on the blockchain by upvoting their content, and you get a share of the curation rewards in 7 days.
Currently I'm here on my curation...
(Stats via HiveStats.io)
So I'm beating the S&P, just from liking other people's stuff...
LOL I have to read that a few times. Let it sink in and pinch myself.
And 9.3% is low when it comes to curation. I've seen some people in my community get a steady 15-20% APR...Again... By liking other people's stuff!
And I haven't even begun to dive into everything going on with Hive-Engine and the tribes there either...
So some people will say...Hive is this, and Hive is that. It doesn't have smart contracts, it's not instant transactions, the development is slow, the whales aren't fair...
I've been hearing it for almost 4 years now since I joined the blockchain!
Here's what I do know...I like simple. I like things that I can understand and know that if I put in the effort, my bags will increase. Hive provides that for me. It's why the bulk of my investing in crypto is on this blockchain and I have no plans at slowing own anytime soon!
As always, do your homework on ANYTHING you invest in and NEVER spend a dime that you can't afford to lose.
But that's also the best part about Hive...You don't NEED to spend a dime...Just hang out and engage with this amazing community on the blockchain and your account will grow!
Our Token:
https://hive-engine.com/?p=market&t=CTP
Our Miner:
https://hive-engine.com/?p=market&t=CTPM
Vote for our Witness Node On Hive-Engine:
https://tribaldex.com/witnesses (clicktrackprofit)
The Bitcoin community is very, very passionate about Bitcoin. They're called maximalists because they don't pay attention to any other coins (including Hive). I hope some of those folks can see the usefulness of alt coins such as Hive.
I think what makes Hive unique is its decentralized content monetization (without advertising) and diverse, global community. I hope we can spread awareness of great dapps like PeakD which offer a solid, decentralized alternative to Medium and Substack.
True .
There are talks about FB , Twitter ban in India so if it indeed happens ( I don't think it will happen ) then we gotto do our best to promote Hive.
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Yup, and it's a much better experience in my opinion. You need to fight for views and readers on Medium, here you just plug into the community!
Thank you for sharing. In new to hive and trying to learn as much as possible.
It's a great place to be and learn lots :)
Great article . I especially like the part about curating
Yeah man, it really is what makes this place so awesome.
I've been wondering is 3.25% a year taking into account for compounding?
Or is it really higher than that because it compounds live?
It probably doesn't, but at 3.25% the Annual Percentage Yield would be darn close (using an online calculator I get 3.3% w/ daily compounding). The difference between APR and APY gets much different when you start getting into high double digit APRs.
Yeah I would assume it doesn't which makes it even better :)
Correct me if I am wrong but the curation APR % is just for Hive. You would also get curation rewards for any other token tags which you have staked on each post as well. So you total overall APR would be a lot higher.
Yes without any doubt .
Curation APR which jon has posted in the post is just for Hive .
There are some tribes where APR is like 250% ( POB ) and for CTP it is around 25% now .
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With those types of returns, I'm in. Where else can you get returns like those.
Yup, like AMR stated...I didn't even touch the tribes and tokens on Hive Engine. That's a whole other ballgame!
All great points! It's a no-brainer, really... and I hope to see a mass exodus from the usual suspects to the Hive ecosystem in the next year or two. You mentioned @dlease-- which I had never heard of-- but can you tell me if you simply delegated your HP to this account, or if you're somehow a part of their p2p leasing setup. I'm a bit confused.
Yeah it's p2p leasing.
So you go on the market, find someone wanting some HP and then delegate it to them through dlease.
Works like a charm even though the guy who runs it is more concerned with Blurt than Hive these days.
Is it automated in any way, or you actually have to watch for these lease opportunities? It must be a much better return than the delegation option if you're doing it this way.
People will regret in future when they realize they missed out a great opportunity .
I won't be one of them .
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You and me both man, you and me both!
Count us three please!
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Same here, I also like things I can use, the biggest take home for me is the opportunity I have to earn substantial amount of tokens over time, that’s like the top of the icing for me, without hive I don’t know how I would have raised capital to tap into other next gen investment opportunities.....perhaps I’ll just have to start making these why I love hive posts like you! Cheers JonO
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Bam! You said it!
It's something you can use. Every single day, you get your feet wet here and use the token!
Yeah HIVE + (communities) are the best, I'm so shocked that nearly all other crypto projects have higher prices than us. One would think 1 HIVE = 10 bucks already!!!!
Yeah it's really weird. The community, the development, the tech...This should be getting a lot more attention.
thanks for the info, i will save it to read later, i love hive, y sus publicaciones de valor, when your talking about investment-profit and its calculations, are very valuable content 👍 !LUV
Appreciate that, glad you enjoyed it!
Hi @jongolson, you were just shared some LUV thanks to @keniel16. Holding at least 10 LUV in your wallet enables you to give up to 3 LUV per day, for free. See the LUV in your wallet at https://hive-engine.com or learn about LUV at https://peakd.com/@luvshares
LOLOL Oh I didn't even get to that stuff....That'll be my next post called 'If you thought Hive was great, wait until you get addicted to Hive Engine and then tokens there' LOL
Haha that could be a good post ;)
And my."*" Was suppose to be a plus haha xD
Yea HIVE is a great investment because you can always just delegate away the part you aren't using (or when your inactive). You may have to wait for the 5 days for things to come back to you afterwards though.
Do you think Dlease will still be as popular after the RC pools and the new HIVE curve in the next hard fork?
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I dont mind the 5 days, better than the 7 days it was before lol
I think there will always be a market for leasing out delegation.
I love crypto, lol. Really about just sums it up, lol
LOL Yup, perfectly said!
I think around 10% APR is nothing exciting when it comes to crypto but we should market the fact that those 10% are very reliable. The problem is that hive's prices have scraped the bottom for so long that they're not enticing very many investors
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That's the biggest thing, it's stable. And it's reliable. Sure there are higher returns, but the risks are big.
no doubt people are more attracted towards bitcoin we can say that there is craze for bitcoin.but they should also look at the advantages of the other alt coin
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I'm not a maxi for any coin, because just like you said...There are advantages to all of them!
Yeah, lots of good stuff here. That 15% range seems to be pretty standard with basically everything happening on Hive. Then you have some of the Hive-Engine stuff that is hitting close to 25% and it just blows your mind a little bit. Very nice post! This needs to get more eyes on it, I will be re-blogging for sure!
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Appreciate that man, thanks for the push :)
Yup, and we haven't even began to look into some of the Hive Engine projects on this post. This really is the blockchain that keeps on giving lol
For sure! I am so happy I got involved with it all those years ago...
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Winning just by showing up and doing the things. !BBH
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We control our own future here, and it starts and ends with showing up!
Because this is such an awesome post, here is a BBH Tip for you.
. Keep up the fantastic work
I think many people are too focused on the return in fiat value. Then when we see Hive prices go down they get nervous because the FIAT return might not be so glamorous.
But that's short-term thinking.
If we can get people to move away from constantly measuring in FIAT value and look at the return in Hive (or whatever crypto you use), you look at the growth of your "apples" in the form of "apples". You aren't planting apples and expect to harvest grapes...lol.
But when the Hive price goes up...your harvest multiplies. You've got growth in your crypto investment and your increase in FIAT you so desperately wanted will be "sky-rocketing".
You have to buy the seed (Hive) first and plant (invest) it. Then reap your harvest (in Hive). Plant again and reap again until you can then cash in in FIAT when you want to.
The secret is...don't eat your seed...
I'm looking forward to your ' If you thought Hive was great, wait until you get addicted to Hive Engine and then tokens there' post!
Great article Jon, thank you so much for using my question. The ctp community is such a confidence builder 😀