The Crypto Bull-Run 2021 On HIVE Will Be MUCH BETTER For Us Than Four Years Ago On STEEM
In 2017/18 we saw an explosive rise of value in the cryptocurrency sphere. When I started writing on Steemit in summer '17, the price of STEEM was already around 1 USD. Within only six months, it moved up to its $8 ATH and people got outworldy payouts for their content, especially myself. Thanks to a few regular whale votes, I was seeing high 3-digit $$$ upvotes sometimes within minutes after posting - sometimes multiple times a day. I earned more in a week than I still recently earned in a year with a 9-5 job. I miss these times - or do I?
STEEM HIVE has changed for the better
Things are very different now. First of all, the price of HIVE is now around $0.60 USD. And we just jumped upwards, most of us are still in the mindset of HIVE somewhere between 10 and 20 cents. Things have moved quickly in the past few weeks. The recent spike has not even translated into the 3.5 days average HIVE price, that is used to calculate the upvote/payout values. That means, that all our payouts, including all posts of the last 4 days, will be more valuable in Dollar value, when this HIVE price level holds.
We are not used to very high payouts any more. It has been such a long time. However, we are getting there quickly. Nevertheless, it does not even matter what a growing HIVE price can do for us. Because in this bull market, we have Hive Engine and all its different tribe/community/dividend/gaming tokens. All of them grow together with Hive. They might get more selling pressure when HIVE is up, but plenty of them have great tokenomics and diamond hand hodlers who value their tokens. They are not going to sell them so quickly, after they accumulated them over several years, bit by bit, cent for cent.
Even better, you are actually getting 2x, 3x, 4x, Xx more upvotes now, thanks to the various community tokens, that mirror the voting power and inflation system of HIVE, some even do that with better tokenomics than HIVE itself. You write one post like this and your LEO upvotes might be larger than your HIVE upvotes. MUCH larger. Plus you get general tribe tokens like PAL, NEOXIAN, ARCHON. You can then take all these tokens and stake them for greater upvote power or delegate them to services like @BroFi, earn daily BRO for them and earn even more tokens for holding that BRO. Drip, drip, drip into your wallet.
It is really crazy if you think about it. One single post today can earn you THOUSANDS of Dollars worth six months from now. At this rate it is very likely that everything will go up. We have seen it before and it is already happening again, although we still seem pretty early in this bull-run cycle. We are not even were STEEM was BEFORE the real bull run started last time. Plus, everything we have now in this ecosystem is so much more evolved, with better frontends, better apps, better token distribution, more communities, tribe tokens, dividend tokens, HIVE games and the list goes on and on. Last time we only had Steemit, bid-bots and the promise of SMTs (lol).
That all means that the payouts of your HIVE, LEO, PAL, ARCHON, NEOXIAN and so on will go up, maybe many X's until the end of the year. In the meantime, they will work for you, if you allow it. Stake them and curate, delegate and get passive payouts, or whatever they offer. YOU WILL COMPOUND THEM.
This was all true one year ago already, when HIVE forked away from STEEM and even before that. But it becomes now crystal clear, a proven concept if you will so. Just look in your Hive Engine wallet. It is unlikely that you haven't earned various different tokens one way or another over the past weeks, months and years. Most of them are now much more valuable than they were at the beginning of 2021.
Now, when the market will explode, we will all be in a much better position than I personally was four years ago as one of the top earners on STEEM. At the peak of the STEEM ATH, I earned around 1% of the entire new inflation of the blockchain (for a very brief time but still). This was crazy. However, this time I will likely earn much less from the HIVE inflation and still do many times better than during the last bull run. We all will because we are not just owning HIVE but many tokens that all thrive with HIVE or the other way around, dripping value down to HIVE instead, like LeoFinance or soon Threespeak, for example.
The only thing that makes me really wonder this time, is how will we deal with the end of the bull-run? What should we do? When I learned one thing from last time, is that things quickly collapse afterwards. Will it be the same this time around? Should we take our various stakes here and sell some/much/all of it into something like stable coins and pool them on DeFi platforms like Cub Finance until the bear market is over? Or will the tokenomics and growing community stand strong this time and keep growing, at least to some degree, creating a super cycle? I would already be happy if we could find a new bottom at 50% of the upcoming ATHs for HIVE and co - not another 95% loss in value like last time. But this is a conversation for another post of its own.
Posted Using LeoFinance Beta
You are right on spot about this bull run being much better than the last one.
In the last bull run we only earned one token and that was Steem, but this time around, we have lots of tribe tokens that will make people insane money.
I remember the last bull run, my last post before the massive drop(obviously before payout) had like $185 something that had never happened to my posts.
That $185 is also the average salary of a degree holder here!!! The best example is people working in banks earn from $150-$300!!
In this bullrun if all goes well, my life will be changed for the best hehe, imagine earning $200 Leo, $30 CTP and $75 Hive from one post and remember whales rarely vote on my post, now imagine whales vote on my posts for 3 consecutive days hehehe.
Let us all hope for the best in this next bull run, let me even go and stake the small tribe tokens I been earning in the past.
You are right, this will be life changing, if we stay on this trajectory. I can only imagine how this must be for you if I can already start to live entirely from this in a much higher income country. Lot's of prosperity awaits us. Embrace the time and enjoy the moment. But also be cautious, crypto is always a double-edged sword. But you have been on STEEM during the last bull-run, you know this very well. ;-)
I was new in crypto in that insane 2017/2018 bull run and I like most others(newbies) thought it would continue on and on hahaha.
I learned great lessons after that massive drop, great lessons were learned by almost everyone who was here back then.
I learned how to take profits these days, you know that struggle in yourself where you say what it keeps on climbing and yet you have sold now hehehe, then you also ask yourself what if it drops badly like it did in 2018.
The struggle to take profit and convert to stable coins or keep waiting for prices to keep climbing is a really hard one, but I now know what to do hehe.
https://twitter.com/JarauMoses/status/1374687491723255809
There are certainly a lot of positives this time with LeoFinance building bridges to Ethereum and the Binance Smart Chain. One X Factor we don't have is Jerry Banfield. The guy could push traffic and drove a lot of users to STEEM.
I'm certainly interested to see how @brofi plays out and hopefully we even pump to half of what STEEM did last time.
People are chasing returns so as those rewards pump up we will see if it is attractive enough for investors and if they know about it.
Clearly the proposal system isn't really utilized other than to feed a handful of those in charge. That's a lot of economic energy that could be used to actually promote and grow the ecosystem but if you aren't in the club.......you are in the club. That is why a lot of us have went way deeper into Cub Finance than we would ever go into HIVE.
That is all true. I myself have heavily invested into CubFinance, way more than into HIVE. Nevertheless, my account here, including my Hive Engine wallet, is already half of the value my account had at the peak of the last bull-run. And I have just a little bit more of HIVE now, that I had in STEEM last time. All of this while the Hive price is around $0.60. So my point with this post was not to shill HIVE. It was rather to show how well this ecosystem already works on such a low level and despite any flaws it might have, that any further move upwards will multiply everything we already have.
For sure..... I never thought it would happen but I went deeper into STEEM a few weeks back than I ever was before and I see LeoFinance and Cub Finance as better investments for me currently.
I think this whole @brofi situation could get interesting because it will lock up that much more supply of various tokens and HIVE itself. That could bid well for pricing.
I mean think about LEO. There is some of it locked as wLEO on ETH. People have it powered up in LeoFinance and then some people have it locked on the Binance Smart Chain as bLEO and some people are delegating it to earn BRO. Pretty powerful when you think all the ways it is locked up.
Posted Using LeoFinance Beta
I've only been here since Spring 2021, but it's looking as if your prediction for HIVE as it relates to STEEM will come true.
It's too late for me to upvote this post, so please accept this slice of !PIZZA instead.
Posted Using LeoFinance Beta
@flauwy! I sent you a slice of $PIZZA on behalf of @magnacarta.
Learn more about $PIZZA Token at hive.pizza (1/10)
@flauwy! I sent you a slice of $PIZZA on behalf of @magnacarta.
Learn more about $PIZZA Token at hive.pizza (2/10)