HIVE : A New Era of Economic Possibilities
Why do I believe the #HIVE ecosystem will be a game changer in terms of economic and financial conditions? In this essay, I will discuss my thoughts and opinions on how this ecosystem might affect your life, economy, and financial career. Not all occupations and online workings are economic game changers, but only a few of them have the potential to be.
Why have I chosen the HIVE ecosystem over other online income platforms? Let me give you an example. #YouTube #Facebook #Fiver and other social platforms are the most well-known internet applications where people earn a lot of money. #Youtube is the most popular right now, with people earning great money, but I still believe it is not a game changer.
The reason for this is that your earnings from YouTube are paid in fiat currency. That is, anything you earn will be paid in dollars. The fiat money is not regarded an investment or a savings vehicle. Rather, it is the money that you will spend, and it will come from you in a variety of ways. You can't develop a better strategy for the future if you just have Fiat money.
The same is true for #Facebook users, who make money via the service but in the form of Fiat money. So, what's the difference between these and #HIVE? That is the intriguing topic to be discussed. When you generate content, stay engaged, earn from staking, and earn from your investment, you will earn cryptocurrency.
We are all aware that the money we receive from the #HIVE ecosystem comes in the form of #hive and #hbd. These are the two crypto coins, one of which is regarded a stable coin while the other is called a volatile coin with a variable price. We earn in two non-FIAT coins.
So, what is the advantage? Yes, it has a significant advantage if you earn money in #Crypto rather than Fiat. This is because when you gain cryptocurrency, you want to convert it to fiat currency, but one thing prevents you from doing so: greed. You believe that if I cash out at $0.35, it is not a reasonable price. Instead, I will cash out if the price rises above $1.
To be honest, I feel the same way. When I need money and consider converting some of my #HIVE into FIAT, one thing stops me: I will cash out once the value reaches $1. This is what adds worth to my financial life. Let me explain in simple terms. Assume I have 100HIVE and want to cash out at the current price of $0.35.
With that price, I get $35, but if I swap my HIVE to FIAT, I will receive $1 if the price falls to $1. That is, I have earned around three times the current price. This is one of the key reasons I believe the HIVE ecosystem is a game changer. This is because it can provide you with significant benefits and allow you to enhance your financial life in this manner.
Another noteworthy aspect of this ecosystem and economic game changer is that it allows you to make various investments in the ecosystem. It offers both active and passive revenue through the ecosystem. You can enhance your earnings by using a compounding formula. There are numerous other advantages that set it apart from other online earning platforms.
There are no such online applications that allow you to make several investments. As an example, you can earn money on #youtube, but you can't invest or compound your money in that same platform. The same is true for #facebook #fiver and other internet money-making sites. However, in the #hive ecosystem, you can invest to get passive revenue.
You can do compounding with the money in your wallet. That is, you can grow your earnings on a daily basis. As a result, this ecosystem is regarded as an economic game changer and one of the most versatile income sites. Will you agree with my assessment of this ecosystem in contrast to other online income sites?
This is my attempt to inform you about the beauty of the #hive ecosystem and how this site might be a financial game changer. I hope you find this post educational and informative, and I hope you enjoy it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA
REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.
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Hive build future, rather than these web2 ecosystem that want you to exhaust the pay then come work again. On these same platform I have seen alot that have been building since 2017 and now all of their time here as never been a waste. They have created a future for themselves and even generations to come
Hive reward in all aspect of his reward, that's a bit funny. How because even after getting rewarded being a content creator your reward can still bring more reward. Just like the Hive power(HP), you can go into curation and earn all of these reward for yourself.
As of HBD, you can still move into the economy of saving then earn 20% APR for yourself. Non of these web2 platforms you have mentioned offer all of these.
Thanks for sharing, so detailed and consise with an interesting read, I hope these content go far even out of this circle, let web2 users see amazing opportunities hive is providing.
Thank you for your feedback. I'm delighted you recognised this unique aspect of the #hive ecosystem that other web2 platforms do not provide. This site is much better when it comes to its staking possibilities, which allow you to earn money from your earnings.
Yeah, feels good to always be here 😊. Happy Sunday
I agree. This is the bare minimum I will even consider cashing out at. My goal, however is $2. I might take some profits at $2.
It's encouraging to see the goals you established at a greater price to sell your hive. I'm still undecided about where to sell my extra hive holdings. However, it is likely that I will sell for $1 or more.
Hive above $1 is a good price to take some profits. Nice picture of HK by the way. I can see my old home in there :)
I took the picture at random from Canva. It's nice that I've made you remember your previous house.
YouTube takes so much time and effort to get monetized and same is the case with Facebook ad revenue programe. But in contrast hive is the blogging platform with no special criteria like YouTube and Facebook
I completely agree with you. If you run a decent channel on #youtube, you can make a lot of money. However, unlike the hive, it does not have a future to expand your fortune. This is due to the fact that in hive, you can better plan for investment and long-term rewards.
We are for sure seeing things shape up. But being that HIVE is mainly a social style blockchain it really would benefit itself to run some type of money ad system to generate income that doesn't keep delousing the price value. I'm not sure why so many front ends are against this.
The implementation of a money ad system could potentially give a valuable source of income while having no detrimental impact on the pricing value. One of the primary reasons front ends are opposed to this ecosystem is that it may raise questions about the platform's key principles and user experience.