The 5 Year Hive Plan

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Being invested in Hive and Leo plus the other things like CUB will stand us in good stead going forward. The world is a scary place right now as Governments have proven they have no clue what they are doing and are a bunch of bungling idiots.

I am currently about 60% of the way through my 5 year Hive journey which is just fine as there is no rush. The aim was to give myself a chance at being able to change my financial fortunes by just doing something we already love doing.

Turning up on Hive everyday means you are growing by just doing the normal things and these things compound over time and actually add up very quickly. I know many look at Hive and want to see a $10 Hive but as good as that sounds I don't think it is necessary to make yourself wealthy.

By the time the 60 month initial target is reached I am hoping to be in the 100 000 Hive Power region that is staked earning me daily rewards. This is not rocket science as the more you have staked the more you earn and it is that simple. Knowing where you are at all times does help and currently my stake is earning 5 Hive per day in interest alone which sounds like nothing but is over 1800 Hive per year. Throw in curation and already that number is starting to increase rapidly just by turning up each and every day.

I firmly believe a $5 Hive is a realistic figure which is the one I am banking on in order for this all to come to fruition. Bitcoin will at some point go back up and head off into the distance and truly believe that mass adoption of crypto has to happen as the world has changed that much over the last few years for it not to succeed.

When I first started out on Hive I had no expectations and in some ways that is still the case even though at a 30c Hive I still have over $20 000 in real value which is nether here nor there but a good foundation to use as a springboard to accumulate more. This is part of my pension plan for the future to go along with other investments I already have in place.

The tribes around the Hive ecosystem will all play their part and just by adding to them daily the foundations that are growing will be mind boggling once this place takes off. Opportunity is what you make of it and once you see that then you are well on your way.

Who knows what we will need as a pension fund in the future as inflation is giving me the jitters watching the prices escalate weekly. In the past we used to notice certain things slowly increasing but lately everything is doing just that. The $2000 per month pension pot that you may have had in your head is not looking great anymore and why places like Hive are going to pay an even more important role. The real world is going to experience some difficult times over the next few years and having Hive stashed away makes me sleep better at night knowing that we have choices that others have no clue about and this is our security blanket.

Having been around Hive and the community for over 3 years I am more and more comfortable with the development and growth of the community. Imagine what this place will be like in the next 3 years and that is what excites me.

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Quite stunning how a lot has happened for you in just 3 years, imagine having to witness how much will still happen in 3 years more. I believe that the tribes are also an added incentives to create more epicenter. I believe in a 10$ hive, it'll take a lot but it's not impossible.

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I am still amazed myself on what has happened in just 3 short years. I think this highlights what we are all sitting on and why we mustn't waste this opportunity. We have to all take advantage of what we have here.

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Yep $5 HIVE should be a no-brainer

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That 100K figure is a sweet target!

You'll be there in no time!

Oh, I know you're a sports fan - WHAT A RACE TODAY!

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I think the 100K target is where I need to be in order to push on even more. Crazy numbers when you start calculating what this could all be worth and there is no need to ever sell the stake as this should generate a great passive income when the time is right.
I think the racing has just been spiced up as there is a real battle this season and expect some more DNF over the second half of the season. Max was lucky as a 51 G crash is no joke.

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I give it to you for sticking to your vision. That's all I have to say

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I firmly believe a $5 Hive is a realistic figure

The target’s realistic, but the timeframe is a huge question mark. 😅

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LOL. You are a comedian. Timeframe is the only part of my plan that doesn't work, but there is also no rush as there is no plan of selling any stake in the 5 years anyway.

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You've done really well in those 3 years.

Knowing where you are at all times does help

I definitely agree with this and it's something I've not yet mastered. It always feel like it's 3 steps forward and 2 steps back for me. I'm still trying to settle on an overall plan. 😁

Things change so quickly in this world and I'm slow to catch up with them. 😊

I recently started using Binance, for example, after dragging my feet for months. But now, with all the problems they are facing, I can no longer send GBP straight from my bank account so I need to start researching again and find another exchange.

It could be a while. 😁

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Why don't you just go and use a bitcoin atm and send via that to Binance. I would suggest getting a Binance card as well so you can always use the funds if required. This is some small FUD that will be fixed very soon.

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Why don't you just go and use a bitcoin atm and send via that to Binance

I only buy 0.001 BTC at a time so using an ATM would be very costly. I would be better off going back to Coinbase Pro, which is an option. I went to Binance because I was looking for an exchange that I could directly deposit GBP to and that traded in Hive. Once there I was pleasantly surprised at the better rate I got over Coinbase Pro.

I would suggest getting a Binance card

They are not available in the UK.

This is some small FUD

It's not the FUD I'm concerned about. 😁 It's simply that I can no longer transfer GBP directly from my bank to Binance. Hopefully, they will sort that out eventually.

The same thing happened with crypto.com but they were, eventually, able to find another middle man. Their fees are a bit steep though and they, like Coinbase Pro, don't trade Hive.

Maybe there is nowhere currently that takes GBP Faster Payments bank deposits and trades in Hive. That's the research I need to do next. I've heard people mention Kraken and Bittrex but not sure if they do GBP.

I'll check . . .

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Coti is coming out with a bank card as well which I am looking at. I am applying for Binance Card even though it is possibly not allowed everywhere right now as I just don't see how it can be prevented from being used as it is Visa. I kept all my British accounts open so I would have options and will open one or two more elsewhere in the coming months. Haven't tried Coinbase and will look into it if required.

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Coti is coming out with a bank card as well

I've not heard of Coti. I imagine there will be more and more options as time goes on.

I just don't see how it can be prevented from being used as it is Visa.

I'm not sure I really understand the strategy of using one to be honest. Is the idea you change fiat to a stable coin and then load up the card with that and spend it?

I kept all my British accounts open

Me too. Although I'd really like to simplify it all. Too many accounts both bank and crypto. It takes up a lot of mental energy.

!ENGAGE 20

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You make some really great points here. Wow, 100k. That is awesome! I hope you achieve that well before your five year mark. I would have to invest a lot of outside money to hit that point!

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