Hive Success: The Power Of Compounding

in LeoFinance2 months ago

Hive is one of the most straightforward systems there is.

Certainly there are a lot of nuances and it is not an easy system to grasp when one is new. However, as one starts to get the basics such as what the keys are for and how things work, it should clear what all this entails.

To start, with Hive, you can put forth two things. Either you have money so you can invest or you have your ability to take action (ideally if you have money, you supplement it with activity). Both will lead one down the path to success.

Also, in the last couple years, the number of opportunities spread a great deal. We see more tokens, different projects, and gaming, all that hand out rewards on a daily basis. Thus, activity taken today can lead to financial rewards a week from how when they are dropped into one's wallet.

As with most things, when people start on Hive, they immediately look at what the biggest accounts are doing. This tends to be a mistake. Someone who is just starting out, unless he or she has a boatload of money, is not in that category. Instead, it is best to look at people who are a bit higher up on the food chain than one is. That is where the guidance can come from.


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The key to remember is that all activity can build upon itself. In part, this is social media, meaning socialize. To many join Hive expecting to get huge payouts immediately. It isn't going to happen. Even if you have an enormous following on YouTube, that means nothing here. Socializing with those who are here is what is important.

As one gets involved, he or she starts to get a following. Through engagement, whether it is one of the games or within a tribe, one can start to forge relationships. Within each of those areas, there are people who has some clout. This is very beneficial to the newer person.

It is easy to get caught up in the money others are making. Sure there are tokens taking off, and people who have big bags of them are doing very well. Nevertheless, you might not be to that point yet. If one's bags are empty, it is time to start filling them.

Today, Hive offers a number of opportunities to be rewarded. This will help to start the process. It is not going to be an overnight process. Some of the most rewarded people on Hive started with nothing but their keyboard and motivation. Consistency is key.

Personally, I feel that one who finds a tribe to get involved and gets very active cannot help but to do well. There are individuals in there who have a nice stake of that particular token. They are thrilled when new people join and get active. It is what enhances the value of what is being held. The more people involved, the greater value the community has.

Understanding compounding is one of the most powerful concepts to put in play. Whatever one has, if he or she can keep growing it at a compounding rate, that will end up being fairly large down the road.

The key is time. It does not happen instantly.

Let us look at the Bitcoin mega-millionaires. These people today are worth a lot of money. However, that was not always the case. When they got involved in Bitcoin, especially if it was the early days, they got in when things were cheap yet uncertain. Perhaps they were able to mine Bitcoin on a PC. Whatever the situation, if there is a lot of Bitcoin held, it is worth a lot.

How did that happen? The price kept compounding over time. When something is going up 100%, as an example, a year, that will end up being a lot of money. It might not be that way in the first couple years but, as we can see, look at things a decade later and it blows one's mind.

Of course, to be benefitting, one had to hold throughout the years.


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Hive is no different. There are many tokens right now that are in the doldrums. Perhaps they belong there. Nevertheless, there are some tokens that have a lot going for them, it just has not happened as of yet.

That does not mean it cannot change and rapidly. There was a time that the LEO token was selling on Hive-Engine for half a cent. Yesterday, it hit $1 for the first time. That is a 200x in less than a year.

What would that do to your wallet if you were being rewarded in that token?

The point is that, if you want to be successful on Hive, put the power of compounding to work. This not only applies to the monetary aspect of things but also your activities. The more active one is, the greater number of followers. When one has more followers, it tends to attract other people. At the same time. Also, when you are active, the greater the chance a larger account comes across your profile. If that happens enough time, you will get on that person's radar. Ultimately, if you are putting up stuff that is of interest and good quality, that person will upvote it.

And that is when the payouts can get rather large. One whale vote, on Hive or in any of the tribes, can change your week.

Of course, that just provides more resources in your wallet which to compound into a greater return. The easiest and most straight forward way to do this is by curating. Putting your tokens to work by powering up/staking provides each of your upvotes with a monetary value. This means each time you hit the upvote, you are paying both yourself and the other person.

In closing, Hive is a compounding machine. If you are willing to put in a great deal of effort, the opportunity for wealth exists on here. After a number of years, we now are seeing people who came with very little (or nothing) who are in fabulous financial shape.

The opportunity is there for everyone; it is only a matter if you are willing to take advantage of it.


If you found this article informative, please give an upvote and rehive.

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Yeah shit's getting deep.. CUB on top of LEO.. on top of HIVE.. plus all the other tokens up for grabs makes it easy to stack.. I really believe commenting is the way for new people to get recognized. There's a lot of us out here who upvote comments..

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"Whoever is not seen is not remembered", a phrase that is more than sufficient to express this. Commenting is a much easier and more fun way to increase our engagement.

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A lot of times more profitable too

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Always seek more and more to increase profits 👏🏼👏🏼👏🏼👏🏼👏🏼

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Outta sight, outta mind is another way of phrasing it.

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Good! I didn't know this one 👍🏼

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Yeap with Leo there is no burn so no matter what the upvote is, the person get something.

Great way to spread the wealth around. And all those LEO amd CUBbies and HIVE are going to add up.

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I joined Hive And LeoFinance a few weeks ago. I have made like 6 posts out of which 3 have got decent amount of upvotes from LEO Community at least. For a very long time I was thinking why my posts are not getting enough visibility, why I was not attracting any followers. @Nathanmars and other folks in the discord server made me realize that for a newbie like me, "Engagement is the key". So I have been going through other people's posts and comment on them if I could relate to the content. And it pays off!!!! I am getting more upvotes on my comments than some of my posts. Slowly and gradually I will build on it. Even after 3-4 years of history, HIVE is just getting started and I have enough time to take advantage. As you mentioned, Hive is a compounding machine and I can realize it right away. Growth will be exponential if I am consistent & persistent enough. Thanks for this motivational post @taskmaster4450.

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You are on the right track there and you have already learnt the most important lesson on Hive - "Engagement is the key" . If you want to have success over here ( anybody can have success over here with their talent ) , all you have to do is two things - Engage , Be consistent .

Good luck buddy.

If you have any questions related to Hive or Leo or any other project on Hive feel free to ask .

!WINE

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Thank you so much for your advice & encouraging words @amr008. Also, thanks for offering help. I am already loving the warmth this community has. Will definitely get in touch in case of doubts regarding Hive and LeoFinance. Cheers for the wine too. 😉

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I am already loving the warmth this community has.

Best part of Leo ( apart from earnings lol ) is the community , it is great :) If I am offering help to you now that means I got help in the beginning .

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Awesome. Help each other and grow together. What else do we need in life!!

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Yes :) Have you been on Hive for a long time ?

When was the telegram group for India created?

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I made my account a few weeks ago but I have been on Hive for a decent amount of time now. Made the account specifically for LeoFinance.

When was the telegram group for India created?

No idea at all. I joined in yesterday. A few minutes before you did. Saw a tweet from @nathanmars with the link. When you mentioned your username, I could recognise it quickly from our conversation here.

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OH yeah same here . I joined by seeing the tweet by @nathanmars too .

When you mentioned your username, I could recognise it quickly from our conversation here.

I thought you only created that group.

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Totally agree. Engagement is everything. Not only do you actually make some tokens for commenting, but you actually learn the best ways to do your own posts. Plus, everything else the posts are teaching. Keep it up!

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I am getting more upvotes on my comments than some of my posts.

This is great to read. I am glad you found that to be the case and it is a terrific way to enlarge your wallet. The returns for commenting are amazing. You will not only get the engagement plus upvotes, but some will start to follow your posts. This will only increase the payouts on them too.

Keep doing what you are doing. @nathanmars gave you great advice there.

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@taskmaster4450le Thank you so much for the encouraging words! I agree with you, my following count grew a little today because of the same reason. It works!!!!

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That’s awesome.

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Yes Buddy! So cool.

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I consider this to be a good “rule” in life in general. I own a 6 figure business started 20 years ago. More than 8 years we won almost no money. Then things started to compund.
Of course it was a learning curve.
I’m a newbie here, trying to bring my experience and learn from more experienced

Well one of the benefits here is you get rewarded early in your journey if you put good efforts .

Put quality content out there and nobody can stop you from getting the recognition and reward . Wish you good luck on Hive.

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Just keep engaging. Reading and commenting are the best ways to learn and probably the fastest ways to start building up your account. We're all in this together. If I can help you succeed, you will be helping me succeed, and vice-versa. It really is a great community. And it's soooooooo early still.

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It's amazing how much Leo has grown, now for the mandatory: "if only I knew about if when it was a few cents" :P.

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You do. Read this. Shameless plug I know but I think it's very true for where we are right now. I just bought a bunch more and am planning on loading up even further (if Cub/Leo would ever calm the *&&% down) lol

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I know what you're saying but I have a lot on my plate and it was easier just to buy lbi tokens, they were killing it far better than I could

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Not a bad move at all. I own a bunch myself. I just think that Hive is going to really take off at some point. And with it only being 35 cents, it's still at a price you can accumulate a lot for not that much. I'm loading up as much as possible while still keeping my hands in other things. But, $3.50 Hive is a 10x. I think it's coming....

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Your regret will not change anything. It is better to start before leo boom. In the next one or two years, who knows leo social platform will kick off twter and facbooook

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My regret changes everything: from my motivation to show up everyday to my desire to stack leo until I achieve my objectives :P

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Actually it is when it was less than a cent. LOL

But yes the hindsight crowd will come out in full force.

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200x in less than a year

I wish I was around when it was that low. I didn't even know about HIVE at that point in time. Given the APR on various tokens, I think its a great place to be and start compounding your earnings. HIVE gives APR, Dlease if your HP if your lazy and you have various 2nd layer tokens to add more money on top.

The only thing you need to do is make sure it grows over time. In the real world, getting anything above a 10% APR is almost impossible. The rich always say to let your money do some work for you and I think the various investment projects as just as good to do so.

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When we frame the conversation in terms of real world returns, it gets insane. Then factor in the ability for the value of a token to run and we see incredible things can get.

So we have a situation earning 15%-30% return on the tokens plus it goes up 3X in terms of USD.

And that is a conservative example.

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Great things are happening! !BEER

It's pretty crazy how much Hive has changed from the early Steem days. That's probably one of the reasons I will always be active on this blockchain. You just don't know what sort of innovation will come out of this community in the future. I would never have predicted Hive Engine being created. Tribes forming. Then LEO going supernova. Now I'm just waiting for Project Blank to create the next boom.

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There appears to be a lot more coming down the road. We are going to see many more projects over the next few years.

It is going to be really exciting, knowing we are part of something that is just really getting started.

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Took me more than 2 years to fully realize Hive's potential with all that interesting stuff going on! I am still learning new things and discovering new projects daily but at least I can now comprehend these information way easier hahaha!

we now are seeing people who came with very little (or nothing) who are in fabulous financial shape.

I am one of those people! I quit my job 1 and a half year ago and went all in on Hive! The cost of living is super-low here in Greece so Hive pays my rent and bills and with some good trades and hustling in other crypto social media I am able to make a living out of crypto!

Gotta love #Hive ecosystem!

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Great to read that. It is always good to see hive "success" stories.

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You bet! And it's only the beggining!

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Hive is the ultimate network effect. Currency, finance, communities, and social media all in one. With great tech. It simply can't fail long term.

It is amazing how it all feeds into one pool isnt it @marki99. All of it can be utilized to leverage other facets of what is taking place.

In the end, it all helps the growth of what is here.

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I am truly blessed to have a full time job that can cover all of my bills. Because of that I have been lucky enough to just power up all of the Hive that I make. I have never needed to power down and the only time I ever spend my Hive is to put it into other projects on the Hive Blockchain. It is a really great feeling to watch your account grow bigger and bigger over time. As well as your curation rewards!

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I have yet to convert any crypto into fiat to pay my bills either. That allows me to keep going and involved in projects that pop up. Hive is the basis for all my crypto growth. It is where my focus is, which is aided by newer developments.

We are now to the point where it is impossible to keep up with all that is going on.

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While Hive is the primary focus of my crypto activity, I also have a lot invested in the WAX blockchain.

Consistency is key.

I am glad I learnt this as soon as I decided to post more on Leo and Hive .

After engaging with people like you , I can't go back to not being consistent . Hive and Leo has not only become my hobby but also my addiction .

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It does get addictive, I can attest to that. It is also wonderful to watch other people start their journey and see them a year later, after they found some success on here.

Consistency over time is vital. That is what allows the compounding factor to take hold.

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Awesome, some great info for beginners! Compound your engagement and on chain activity for exponential growth!

I think it's too funny that unknowingly within an hour of each other we both essentially wrote about the power compounding last night! although in somewhat different contexts.. 💪

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Great minds think alike which probably means you are in trouble if you are following my thought patterns. LOL

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Compounding is beautiful! This is literally something that should be taught in every classroom around the world. And it can apply to so many other things in life. It's basically the "network effect" you preach about. Now is the time. Start (or keep) filling those bags!

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They do not teach this stuff in school because a financially intelligent population is not good for business. It is easier to bilk the masses is they are naive.

But on Hive we need to spread the message far and wide. Yes the Network Effect is the digital component that sends everything to the moon level. We are starting to see that evolved in many different ways. It is still a grind in many ways but we will get there.

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The grind is because we see where this can potentially go. The vision is very clear for me as to what this whole place can ultimately become. But there's a lot of steps between now and then so it can be hard to maintain patience when I know what its actually worth. That said, if it was that simple, you wouldn't be able to be acquiring these tokens at these low prices. So, one day, one step at a time. Keep my head down and keep pecking away. The world will notice eventually.

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hi! newbie here, and i had this exact same realization as i started writing on Hive. my introductory post got me some LEO, which I converted to DEC so i could get some better monsters for Splinterlands, and now i have more compelling things to write about...etc etc...compound compound!

Hive lets people create the value they want to see! it's truly amazing.

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That is how it works. A lot of different options to choose from. Splinterlands is one that is obviously very popular. Keep consistently being active and you will see your bags filling up over time.

Some of those bags will end up mooning for you, sending your holdings a lot higher.

It is great fun when that happens.

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True, success can be found in engagement. Anyone who enters Hive no matter how complex it may seem at the beginning, should not worry about money.

I have seen cases where many people, even good writers, did not stay long because of the price of HIVE in the "lean days" era. But it is precisely in this period that we can accumulate much more HP.

Over time, the person learns that in the cryptoverse it will always be like this of ups and downs .... We must focus on our activity and also increase our cycle of users, so that the results will come with time.

Every effort will always be rewarded. It may take a while, but one day it arrives.

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really great thoughts here. The compounding effects as we can see here possibly exhibted by some investors is commendable. It brings the future rewards at a factorial scale.

That does not mean it cannot change and rapidly. There was a time that the LEO token was selling on Hive-Engine for half a cent. Yesterday, it hit $1 for the first time. That is a 200x in less than a year.

This is one of the amazing journeys I've had. Though with my regrets along the line but being a part of LEO and staking my rewards when was one of the most exciting investment decisions I ever took.

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The power of compounding over long(er) periods of time is highly underrated.

Of course, if one compounds income interests it's great, if one compounds debt interests, no so much. :)

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The later is how most people understand compound interest...they see their credit card balances growing each month.

It is vital to be on the right side of compound interest or you will get crushed.

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The point is that, if you want to be successful on Hive, put the power of compounding to work. This not only applies to the monetary aspect of things but also your activities. The more active one is, the greater number of followers.

@taskmaster4450 wow thanks for sharing this wonderful tips,i have learnt something new today.....

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Effort normally = reward and overtime that is the case on Hive. As you pointed out this takes time to bear fruit and in my case 1 week short of 3 years, but the rewards are ever so sweet if you just keep working away. I don't expect anything ever or take anything for granted and everything received is appreciated which is the only attitude to have. If every follows that principle they will see how compounding works over time.

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