The Importance Of Stake

in #hive-1679222 days ago

I think everyone involved in crypto should always be looking at what the crypto stake can generate in the form of real value over and above the dollar stake value. This may be obvious to some of us, but do believe this mindset is lost on the majority as there is effort required.. The dollar value will appear soon enough as we at least know we work in a 4 year crypto cycle that as a bottom and a peak and the time in between is very volatile. Yes it is very worthwhile just keeping your head down for an entire 4 year cycle earning as much as you can and in my case close to 7 years now. If I can do it then there is no excuse meaning anyone can do this through being consistent on any crypto project.

Back on October 25th my vote value was 6.69 HIVE and I would have thought by now nearly 4 months later I would be closing in on 7 HIVE as a vote value. I know the price of HIVE has increased so the current 6.37 HIVE vote value is now worth a great deal more today than back then. I do not really think in dollars though as the mind set is clearly focused on HIVE growth. This has in fact been the case for nearly 7 full years with not 1 single power down yet.

The beauty about growing is there will always be change whether it be an APR or the dollar price and these are not controllable so you just keep moving forward. These will all change back in your favor soon enough so I do expect he vote to hit 7 HIVE at some point. I know I have definitely not gone backwards with regard to stake and up a good 10k HP since October.

The APR has dropped back from what was then to 3.15% and now 2.87% which is a difference in my case of over 1 HIVE earned less daily. This is why we say work on 3% as a guesstimate for the APR as it fluctuates either side of this number.

Still it is fantastic to think that one could be earning $21 (50/50 so $10.50) from curation (10 x votes $2.11) and another $4 from the APR daily totaling $14.5. This is worth 44 HIVE which is more important than the dollar value for now. When HIVE is at $1 or $2 or possibly $5 if you have staked all your earnings then this becomes a rather serious number in the thousands being earned monthly. In my case the 43.5 HIVE at a $2 value is close to $2.7K monthly and this over a 4 year period whilst compounding and growing your overall stake would be a mind blowing number.

I have only been in crypto for 1 month short of 7 years and know that within the next 7 years with the foundation that has been created it will out earn most professional people in the real world. Mass adoption as not even happened yet and we are already generating thousands of dollars in value monthly across our crypto portfolios. These numbers are only going to increase if you have selected and researched your portfolio wisely where the take will be generating a small fortune monthly.

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I remember you as a tiny minnow back in the day... and look at you now bro!

congrats!

Yes persevering and staying consistent over many years has paid off. I will never forget those days and how you helped me with helpie.

it true, you have a great power to vote and i will be there too someday :D

It is nice to see the progress you have in HIVE

That is a very nice journey you went through to reach that level

That's what I always say too... "If I can do it, everyone can do it!"

You have a bit bigger stake than me, but who knows, maybe I will catch you... 😃

Congratulations on consistency and keeping your focus on the good and the bad days! Great inspirational and motivational post!


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We all grow at different speeds and it would be great if you could over take me.

That is why I am staking all the HIVE I get from author rewards, curation and my new Hive witness... In another cycle it might actually add up to something. I started paying attention to Hive less than a year ago.

Yes it does start snow balling and you will do just fine.

It's always nice to see that stake growing.
Now that we've broken into the upper tiers of hive it's really building up fast.
I'm taking advantage of binance apr right now but should end up with a nice stack to bring back when the big returns are over.

Yes I will be coming over to Binance shortly doing something similar.

Congratulations to you

It is a great move to stake the earnings you will got on HIVE