Staking Hive - Achieving or Underachieving?

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This was taken back in March which being 6 months ago just gives an idea how many people are staking. Hive offers far more as with Hive you aren't just staking and earning interest, but doing so much more.

Looking around at the various Crypto related projects out there every singe one offers some form of staking. This is something that is not new to us on the Hive blockchain which also includes all the various tribes into that mix.

If you are investor with the long term goa in mind and not just investing to trade then staking is the way forward. What is there not to like if you are going to stack something anyway you may as well scoop the benefits for showing support for that alt coin.

By locking it away for safe keeping not only does it have the chance to go up in price but also to accumulate more along the way depending on the APR offered. This for me is the win win situation we are now being offered and one to take advantage off.

Hive is no different except the opportunity to earn far more as stake makes stake and is the key to growing. I have read some posts recently about earning via curation and the possibilities the future holds on Hive. What we have experienced over the last 3 years has been a prime opportunity for growing ones Hive Power and still today even though the price is somewhat up from where it was.

The opportunity may not always be there though and many fail to realise that at some point further down the line when Hive increases in value the Hive that is earned will be that much harder. Some of us already experienced this on the old chain when there were 10 x the number of users clambering for their share of the reward pool and can be quite daunting for someone new.

The reward pool stays the same no matter how many people are posting and that is shared out accordingly depending on the votes etc. Hive at $5 may show you have earned an excessive amount of dollar value but in Hive terms would most likely be less than when Hive was at 20c or even todays prices.

Earning from curation or upvoting posts you enjoy is really the secret to how Hive works. This in the future will be where stakeholders earn their true value for holding stake. Someone who has a $6 vote today or 10 Hive equivalent has 10 votes at 100% per day will be earning some decent rewards when Hive escalates into the $5 region. That is around $250 per day or $7500 per month for basically liking somehting and supporting others in the community.

Will someone posting every day be guaranteed those types of rewards when there are 100 x as many people on here than we have now? The chances are probably not. One can never rely on support as someone mentioned in Discord tonight things change as who says that Hive at $5 the whale that was supporting you wont sell half his stake. One can never rely on support and as terrible as it sounds has to rely on themselves first.

Luckily there is still time as if Hive went to $5 next week I am way short of where I need to be and is a good way to judge where you would like to be further down the road. Currently holding a vote value of around 1.3 Hive is not going to change my life too much and need to keep growing as much as possible. Growing on Hive and the Tribes is what truly counts right now as no one knows when it will happen, but it will at some point.

This I think is what has kept many people pushing every day to get to a position that not only can they support the community, but also guarantee an income via curation when the time comes. Nothing comes close to Hive when it comes to staking as the rewards will speak for themselves and define what we have achieved over the last few years and years to come.

Posted Using LeoFinance ^Beta