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RE: Buying and Staking 250 BBHO for BBHO Powerup Day!
nearly worthless second layer tokens.
There are only a few 2nd layer tokens that I would invest in. They don't always pan out, but more often than not, they do great, especially if the investment is done early. If you esteem 2nd layer tokens worthless, then certainly do NOT invest in them, but remember that investing in worthless tokens that someday are worth something, is how wealth is built on the blockchain.
In 2010 BTC was worth LESS than HIVE is today. Not a prediction or claim, but some perspective.
I focus on Hive Dollar (HBD) savings.
Building and saving HBD is a good investment, but being wise between HIVE/HBD goes a long way. Patiently stacking liquid HIVE and waiting for a nice bubble to sell for HBD, then putting it into savings, is how I got to $120/month in interest. Not perfect at this, I never sell for HBD at the right time, but I avoid selling at the wrong time. HIVE at 0.25 HBD sounds pretty good, but I know it's the wrong time.
But currently I do not think that powering up Hive would be really worth it.
I disagree, building up a strong HP helps overcome selling HIVE too low. Once HIVE overcomes $1.00 for a month average, it's time to begin powering down 10 or 20 percent. But in the meantime, there are so many excellent delegation options for HP that offer passive income that helps build that liquid HIVE that is needed when the time is right.
HP is not just for active curating, but can also be a passive income stream.
Dogecoin went through a similar increase in value.
And I sold approximately 10 000 Dogecoin many years before it became popular, exactly because I thought at that time that Dogecoin will not have much value in the future.
So I see and I experienced your perspective too (by making a selling mistake in the past).
Recently I started to try to do something similar.
Today I placed a sell order on the internal market.
From a financial perspective, powering up Hive is indeed obviously worth it.
But from the social aspect, it is not worth it.
If people do not care about my posts, if my Hive Power is low, then they would not care about my posts, if I would have a higher amount of Hive Power either.
They would only pretend to care.
To grab my attention, to try to get upvotes from me.
And I would rather avoid those people.
This is why I write that powering up Hive is not worth it.
I know.
I already delegate Hive Power to @ecency and to @visualshots.
If you know any other good Hive accounts for Hive Power delegation, then feel free to mention them in a comment.
Thank you.
I will build my Hive Power too in the future.
But I focus on the Hive Dollar (HBD) savings in this month.