Think Much Bigger
During the week I received a comment from a new user stating they were converting their HIVE into HBD. I advised against this as they are that small and rather use the HIVE to earn more HIVE. The response was how do you do that?
I think it is obvious if you have only a few hundred HIVE converting this would only give you 100 HBD earning literally $20 per year. In this case earning more HIVE has to be the priority even though it may not seem like much for a few months. It could take you another 12 months but the chances of earning more than $20 with your stake is far greater and a no brainer.
Growth takes time and moving the stake from 200 HP to 300 and then 500 has to be the targets. Having a vote value even if it 1c or 2c is still better than nothing as you are earning half of that vote. 10 votes a day, every day with the chance to earn an upvote on comments is a weapon in your arsenal that you cannot ignore. My calculations tell me that is 1 Hive earned every 10 days so 3 Hive per month. This is then compounded and the growth is there even if you cannot see it. Remember this is only curation and nothing else and why this is the best option for the smaller accounts.
This is how I grew from 0 as it all adds up and the more you do the better chance you have of growing quickly. I would comfortably say you could earn 10 x than going the HBD route with such a small stake. If you posted adding to this then surely the growth is firmly in your hands. The vote and comments along with replies is how you grow your following and account value.
I think the comment threw me a little as it is like giving up before you have even started. Anyone can succeed on Hive as long as you give yourself a chance. I wouldn't touch HBD personally until I had some value in my vote to help support others and to grow myself at the same time.
There are no right and wrongs in what decisions are made as they are all good as long as you are growing. Parking your stake in HBD when you are that small
doesn't seem like the smartest choice in my honest opinion. Earning Hive below 50c is an opportunity not to be missed and staying busy using all your growth tools in your arsenal is the key.
Think bigger and dream bigger as everyone has the potential to succeed. When you are small you must set yourself targets and aim for the stars
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I think that you are right, at this point it makes no sense to convert HIVE into HBD, staking and earning HIVE probably the best option right now...
It just takes a little time, patience and effort...and the, one day you have the right audience and the right connections...that could boost your HIVE earnings...
I have been posting since the Steemit times back in 2017, not catching the right audience...or maybe my content isn't good enough😁...but I have been curating, supporting others as well, and that has made my HIVE stake grow steadily....
So just keep Hivin'😀
This is the only way and it does take time.
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I'm also a newbie and I have been doing just the opposite: trading HBD for HIVE. This for the reasons you mentioned and also because I think HIVE is cheap at the moment and a good investment.
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Glad to hear you are growing your stake as this is where the real value is as the vote generates more Hive.
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If you compare the current curation rewards with HBD's rewards, HBD wins. The curation rewards are below 20%APR and rewards for posts are added in both cases. The big difference is that HBD stays at $1 while Hive can increase in value. This makes up for the difference in APR later when the prices rise again.
Very true and why I was trying to get him to grow his HIVE instead of parking in HBD. If you have no vote value you cannot grow and why earning HIVE had to be the priority over HBD for now.
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Thank you for your witness vote!
Have a !BEER on me!
To Opt-Out of my witness beer program just comment !STOP below
View or trade
BEER.Hey @dera123, here is a little bit of
BEERfrom @isnochys for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.Gaining strength is the most important thing. But how to be the one who writes posts, and it is impossible to accumulate, because the post has not collected anything? I'm not about myself, if anything. I see many authors who have posts with zeros.
This is very true when many posts make 0 and we have all been there. I think many of my posts only had 1 vote and that was because I self voted it. This is why using your vote to grow a following is important. Commenting and engaging with others in a tribe you have an interest in. Look at your hobbies and work from there and you will find support. Don't join something you have no clue about and just be yourself.
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Thank you 🤗
Yep, my advice to n00bs is the same.
If you're looking to grow, you're much better stacking HIVE and powering it up than saving HBD.
Think of HBD as wealth preservation more than wealth accumulation.
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You can split your earnings to half hbd and half hp, allowing you to grow in both directions
Yes that is true but believe the growing of your Hive Power is the most important part early on.
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good to know, thank you
I think splitting it into 50/50 could be better because a clever individual could save up #hbd just to buy dips in #hive. If we think of blogging as a DCA-ish type of tool we're investing in #hive, that's always purchasing every day, no matter what the markets do. Having that reserve #hbd handy for dips like the present one could get a person a long way. Then again the exponential growth from going all hbd has a lot of potential too, I really can't be certain which is better. I guess the important part is that people are informed and choose one of these strategies.
It is quite remarkable really when we realize that you grew your account from scratch to what it is today. Definitely prioritizing Hive over HBD matters, cause at the end of the day it is Hive that could potentially take us to the moon
I pinch myself all the time as I am still shocked at what has been achieved. We can all do this and you can as well.
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I think that is a good way to approach things at the start. Having more HP not only gives you vote value but also gives you more RC and you will need that to interact with the blockchain. Also, it's much easier to double your account as a small account than it is as a big account so I would view the percentage growth as an indicator.
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I agree with you. Growing your account should be priority one when you first start on here. Only after you are established should you start to consider putting money into HBD savings. Unless of course you have outside money to invest, but even then, power up as much as you can. It's like building a money making machine!