The Short Term & Long Term Approach On Hive

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I was certain that my road map ahead was cemented...

My journey on Hive would go something like this, show up every day, create content, engage with others, add value as much as I could, and keep building! The by-product of this was the rewards you received for putting in the work. And then came the exciting part, choosing what to do with them once you got them in your wallet.

When I first started on the blockchain, the decision was pretty easy for me. I wrote down what I called the 5-500-5000 formula, and was laid out like this. Engage with 5 different people every day, which would eventually lead to 500 followers. If I was consistent, this would trickle down into 5000 Hive Power because of the value I was giving to the chain.

So the decision was...Focus on growing my Hive Power at first!

And then the HBD Savings showed up last year and it kind of flipped everything on it's head for a lot of us.

Thankfully, you can choose to get your rewards in a 50/50 split, meaning you kill two birds with one stone. Half of your rewards goes to your Hive Power and then other half is sent to you in liquid HBD.

So over the past year or so, I've been on that 50/50 train! Because I want to grow my Hive Power and help distribute the token as much as I can, but here's the kicker...

20% APR!

That's so sexy lol It's given me a new 'formula' of sorts to focus on growing my HBD Savings by at least 60 HBD a week. Because at 20% APR< that means every 60 HBD you have in savings, turns into 1 HBD in residual monthly income.

Stack that HBD!

Do you know what I love about this blockchain?

When you get challenge on how you view certain features of Hive. And it came from a conversation on Twitter by @elmerlin the creator and founder of @liketu

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This was a gut check!

When we focus on Hive Power, we are truly, contributing to the long term success of Hive. The 13 week power down, kind of puts our money where our mouth is. Like Elmer stated, when you focus on Hive Power, you accept the market volatility, and you (hopefully) want the best for Hive going forward.

Now yes, a 13 week powerdown may hinder potential investors to look at Hive, but right now I still believe this blockchain is in the building phase. Right now, the effort we put in might not be the huge pay check we all expect but down the road...

And there in lies the attractiveness of the 20% APR for HBD. That's a return, we are guaranteed right now. Of course, that guarantee can change, but right now, we know that 60 =1.

So what do we do....

For someone who believes in the short term and long term potential of Hive, nothing changes for me. I enjoy the kick back every month for holding HBD but I'm also extremely bullish on the long term potential here as well

And like it was mentioned, right now, we can determine through staked Hive, the direction on which this blockchain goes. I enjoy having an active account here on chain, and contribute as much as I can for the future.

This truly is remarkable, and another reason why I seem to fall in love with Hive more and more each day. We are rewarded right now, in the form of HBD...But we are also helping the growth of the chain and looking towards the future by distributing the token and using it for governance through Hive Power.

Find me another blockchain with that kind of potential....

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24 comments
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I think when yous stack HBD then also you don't even have to power down. Because when in emergency simply liquidate those HBD to Hive to FIAT. Atleast that is how I look at it and this way we continue to stay with HP in retention without having to power down. But the biggest thing is 5-50-500 formula. I love that approach! :)

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Yeah, I can see the worry if one is all in on HBD and zero into HP...But I think a lot of people that are invested on Hive tend to look at both. And invested means many things, not just financially!

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To be honest I agree with him. When we create more value, solve more problems and answer more questions we are better. We earn more and better. But, the HBD is passive income. Curating is active income.
For people like me who have no idea how to curate how to find good content and how to make sure my curation will pay back, hbd feels better.
Still we have 50/50 system here like you said. Okay if we focus on HP, we will grow faster but, we can do both at the same time.🙏🏻

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Oh absolutely!

It really hit home to me because I want to make sure I'm putting in the value here. Rewards come in, and I want to play the short and long term game always.

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Wow, we think the same! I am active everyday on HIVE and I engage with others and add value as much as I can. Also, my first two aims are to increase HP and HBD savings.

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I think it's always important for people to hear about these benefits of using Hive every day. So many ways to give value here.

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I'm also trying to increase my HP as I can by creating more and more contents!

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That's the key for sure, more content, more engagement!

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I believe that in balance is virtue! If you are starting it is better to focus on gaining HP and if you already have good power then you can balance HBD

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It really does feed each leg. The more HP, seems to translate into more HBD etc.

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Could one say that with the 50/50 split in payout between HP and HBD, the Hive blockchain is rewarding users both in the long term and short term? Hive blockchain with HBD at the base layer is a unique blockchain. My focus at present is in the long term, need to stack more HP :)

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I think so. It caters to both, one group that wants to be more active and another that wants to be more passive

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I think the long-term is always better and I have left my author rewards as 50/50 so I have half of my rewards powered up. This way, my stake increases and I have the other HBD for what I want to do with it.

Posted Using LeoFinance Beta

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I just can't find any reason to think that's not best! It's my plan as well.

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It’s definitely a conundrum for what to focus on! I’ve been trying to balance myself out a bit but then I read things like this and feel that I’m missing more HBD hahaha. Damn! Ah well, we do what we can. I’m 80% hive power and 20% HBD at the moment and decently happy with that percentage at the moment. I’m hoping to cross 30k HP in a couple months and I’ll feel a little better about that and maybe go to 60/40 hive power for a bit to grow the HBD savings. It would be nice to hit 750 in HND savings by the end of the year!

Posted Using LeoFinance Beta

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That's a pretty solid break down regardless. I think if we are adding both, it's a win for our totals no matter what!

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Hard to stack that HBD when it is sitting at $1.07 right now. I moved some over into Hive. I should be getting close to hitting my goal of 50K HP this week, so I am kind of excited about that! It's tough, because a lot of smart people have some really sound opinions both ways on HBD. It keeps you on your toes!

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Yeah the wonderful world of our 'stableish' coin lol

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For sure! I moved some into Hive given the prices.

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Thanks for your post again Jon. I slowly getting back on tracks...
And I try swollow as much as possible, inbetween all thats going on.

You keep on going my friend! You keep on Going!

-Sig

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Slow and steady man. Appreciate seeing you, and if you need anything, let me know.

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I don't even consider the apr at this moment. I just want to know that my curation rewards are rolling in. The utility of the platform trumps tokenomics. Without utility there is no earning from hive price action

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