Knowing What We Have
Fortunately most of us are earning 24 hours per day now and the best part Hive is a legitimate Crypto project unlike many other schemes we read about daily.
Passive Income was tending on Twitter today and couldn't resist scrolling through what was being mentioned. You have to always keep your eyes and ears open for any tit bits of information as you just never know. After scrolling for a good 30 minutes there was literally nothing that caught my eye or something that I already knew about.
I noticed some didn't make logical sense as one of them was to purchase one token to earn another token which was VET in this case. Who would invest into something else to earn your chosen investment as there is no logic in that. Surely you would just invest in VET and stake that investment bypassing the other token entirely. I may sound critical as in Crypto you have to have your brain switched on at all times as there are so many shenanigan's happening.
It was not 30 minutes wasted as all it did was reaffirm what I already know and that Hive as a passive income earner outshines them all. What we have here is somehting everyone is looking for as the topic of Passive Income trending on Twitter tells us that. Everyone is hunting for the elusive investment that will one day take care of them financially.
The sad thing is what we have here on Hive is genuine and I couldn't tell you the projects I read through today are or not. That would take months of research to whittle those down and how many people will actually do their own research. We know only a small percentage will and no doubt some will get lucky and some will get burned.
Taking someone else's word and advice for something to invest your hard earned money is a big step and not one I would ever do without researching first. many will say how lucky we are when our crypto investments start to boom but luck has nothing to do with this. Every investment has months of research behind it and each one is a calculated investment.
I picked up one from the community in Leofinance last year but I didn't take the shilling lightly and spent months of research looking for any negatives first. Investing is a serious business and being able to pull the trigger takes time and many hours which turns into months before that can happen. You do wonder why some people have 30 or more investments in various projects as knowing what is happening in each of them would be impossible to maintain.
I think we will always have these Ponzi type schemes around in Crypto as too few actually do their own research and then complain when the cards come crashing down. Social media is a wasps nest for dodgy Crypto projects as everyone is shilling what they have in their bags and the majority have no clue what they have even invested into. The sad reality is people do listen and get sucked into way too deep and so it will always continue.
Hive is the next level when it comes to passive income as we have so many various avenues of being able to earn. The choice is entirely yours whether it is being active or a behind the scenes investment like HBD or using the DeFi Kingdoms set up by the Leofinance team. How many projects have multiple earning capabilities all under one roof as they are all one dimensional offering the simple basics. We are spoiled for choice and this is knowing what we have cannot be matched by anyone else.
Posted Using LeoFinance Beta
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The issue with staking VET is that you get rewarded a different token, I think VETHOR, instead of more VET. And that token's value is very low and it is tradeable at very few exchanges. You're right, the more I look at other tokens and systems, the more I love HIVE for Passive Income streams!
VTHO is the gas rewards for staking Vet. This was RocketFi which you need to purchase and hold in your wallet which makes no sense.
Posted Using LeoFinance Beta
Don't know much about vet but I do agree with what you said here. Investing our money is a big part of our financial life and people should be investing, of course.
But I don't know why many of them don't do the basic required research beforehand. Many fall in the trap of dodgy investments be it crypto or anywhere else. A lot of people fall in the trap of ponzi schemes too. Well, I myself wasn't all the wise the whole time. I learned. People should learn about it too, about investment, about asset management. These things should be made compulsory studies.
Funny thing is, I got into crypto via one of these ponzi schemes promising some sort of passive income LOL! And that taught me to always test the depths before getting invested in any project. Soon after that ponzi I discovered hive (it was steem back then), and it all seemed too good to be true. I was almost ready to just discard it as another ponzi scheme too, except for the fact that I loved to write.
Here we are, 4 years later!