You can Complain About Hive but it is One of the Only Crypto Tokens That You Will Profit In.

in #hive2 months ago (edited)

We are all going to Heaven Hive Yayyyyyy.png
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I got into crypto about 2017 before the big drop in January 2018 if memory serves me correct and for some reason I am not a millionaire. Eth was trading at $198, Litecoin at $20 and Bitcoin was around $1,800. Now with the exception of the lucky few that purchased Bitcoin for pittance back in 2013 , most of us did not hit the goldrush. Crypto has been volatile ever since and if you have made money out of trading it even through the peaks and troughs then fair play to you. You are one of the few. In truth most people in the crypto space are actually down because they jump in when everything is flying and everything is awesome. FOMO hits in and they buy at the top only for the considerable fall that comes and then the bigger drop that comes after that which liquidates the masses or leaves people holding tokens that will only hit that buy in value again , maybe 2 years time during another bull run.
Then came the meme coin craze. Who needs use cases when there's a funny photo of a cat that could make you a millionaire. I actually don't like this craze but yet it is the crypto I have made the most profit off. If you look back on my posts last July , I invested $200 in the Hawk Tuah token (the day she went viral) and I cashed out at $14,000. This was a great day for the parish and I was telling @bozz this week I got an I-phone pro max out of the profits and it is now my best ever friend. Way better than that Samsung 22, the dirtbird with its two windows. I kind of got out of crypto at that point. On a win. Don't tempt faith. Don't put in any more funds. That's it for me. I will just use the funds I have in the crypto space to buy other tokens and all that.

Anyway it got me thinking about the tokens that I hold that I have made profit in. With trading aside where I had some big wins, the coins I hold went down in value. Most just fizzled out. I didn't sell in time and if I sold I would have not made a profit. The coins I made a profit in were Iota in 2018, Neo after the change from Antshares, Gas which came from Neo, Hype in 2025 after it went from $20 to $50. Socios which is a sports token that went from 8 cent to 80 cent and maybe a handful more. The constant in all of this was Hive. Hive is stable , it's always between 15 cent and 25 cent. It's a safe pair of hands but one post and you earn Hive and even though it could be $2 posts or for some it is $40 posts. It is definitely one of the best crypto assets to get involved in. I spent a whole summer on telegram tapping this squirrel thing and I was tapping some monster on the head every few hours thinking we were going to strike gold. At the end of it I think I came out with the equivalent of 20 cent. If I spent the same time on Hive I would have easily of made over $100 in post rewards. But yet here I was tapping away for my 20 cent.

We don't realise what we have here

I remember in the old Steem platform Ned was saying that Steem was not necessary a blogging platform. They were a blockchain and Steemit was the blogging arm of this. In @tarazkp 's very good post the other day in which he questioned a new Community which looked like some kind of farming community, the same was said about Hive. More of these @tarazkp please by the way. It's good to have a high HP holder to be asking the relevant questions. They get answered when he comes asking unlike others that ask the same questions. But it was said again , not by Ned this time , that blogging is only a little part of Hive and some of us OG's would want to get that we are primarily a blogging platform out of our little peabrains. I was a little taken aback by this comment because I am one of those old traditionalists from Steem and Hive that like it to be a primarily blogging platform but he was right. I would like to think that the regulars keeping Hive active are in fact the middle class blogging community. Not some one in Caracus buying a basket full of crisps in HBD so they can reclaim a % of their outlay in HBD but I think this is where we are going.

So while I was off looking for riches in other crypto , Hive is still giving me my 13% ROI on HP and my 15% ROI on HBD which is not too shabby at all. The grass is always greener but my point is that I have never been down with Hive . Only up . Name a crypto that can boost this? Maybe Bitcoin or Eth. During the fork from Steem to Hive, I had 7 thousand SP . Then all of a sudden I had 7,000 Hive. Then I powered down and sold my Steem and purchased another 7,000 Hive. Overnight the Community actually doubled their money. Again a surplus.

What is Your The End Game?

I was watching Dragons Den the other day and one of the dragons asked the candidate what her exit strategy was. And he said everyone should have an exit strategy. The lady was surprised because this was her beloved business that she build from the ground up. It reminded me alot of some of my friends in Hive. They don't or never will have an exit strategy.
I have learned in crypto that you need to buy a few nice things for yourself to stay motivated. I have only ever powered down twice. Once was a few months ago when the Valueplan outlays pissed me off so much that I just thought Hive was doomed. The other was before Covid in 2020 when my son was born and I thought I would not have time to post. I purchased a few goodies out of these two powerdowns which I do not regret. But again when you look at this with your crypto hat on , I made clear profit which is my intention in crypto but I have to say it is more than just crypto on Hive. Its people you get to know. The Community would not look admiringly at THE "It's just a token". I see some accounts have built up the HP to well over 100,000 and I look at them with admiration. Some of my best friends on here have built up a really high HP holding. Now these people have built it up fairly and through hard work and devotion on posting most days since the inception of Hive. I am very happy for them because I know them as decent individuals that want the best for Hive. They are now near the top of the foodchain. Now they got into it like me back in the day. For the dream. The dream that Hive would make us all millionaires. The dream that one post could be like a weeks wages and they would not have to work. Now the dream has diminished somewhat, maybe alot but they still hold their HP. But I have to ask them.
What is your exit strategy or do you just love being on Hive?

Is it now more than a means to an end? Is it like being in the same job for years so you just carry on?
Is there a number you are going to reach in HP and then you will take some funds out??
If yes , I am interested to know what this number is??
Or are you just like me and post for a hobby?

I really believe that if Hive went down the swanny , that some of my colleagues would happily go down with the ship without extracting any funds at all from the Community. Would they feel hard done by if this happened?
Would they feel bitter or would they have been happy to have enjoyed the ride and the posting for the last 7 years (or more on Steemit) without any profits?
At the end of the day it is just another crypto token? Right?

Most people see it this way. Most people who drain Hive's resources do not give a monkeys about Hive and they will hustle , scam and lie to drain every last token out of this place. It is just one other crypto token that can be abused. But for a few it is now embedded as part of their life. I would be fairly confident in saying most whales see Hive as just a token to profit on and our middle class who hold the 100k-200k Hive are the real ringbearers of the Community. The ones who have put in the hard work and have made it to this stage.

I have only found out about this KE ratio recently and I was disappointed to see I was a 12 on the scale which is a result of my two big powerdowns. I need to get this lower. Working on it. But on the other hand I do look at the KE ratios that are below 1.0 and think, you must really really believe in the Hive Blockchain even after many disappointments or let downs. Or someone put it to me yesterday that it shows a level of naivety in that persons thinking which was an interesting opinion on the KE ratio. So anyone below a KE of 1 is a hobbyist and just loves the Community and the crypto element is not of interest. This I can see as well so it is another way of looking at it. A KE of over 50 for example shows the real blaggards on the Hive Blockchain. They definitely had an exit strategy. If Hive does plummet to below say 5 cent. Will the KE's of over 3 say to themselves, I made the right decision here and sold when at the top. Probably.

But back to my point. You will earn more on Hive than 98% of any other crypto token if you keep at it. This should be our selling point. Nevermind your telegram tappy tappy scam coins. Nevermind your memecoins. Nevermind even your Ethereums or Litecoins. Hive is where you will make your most return in the long run if you are shrewd about when to sell. So rather than promoting holding all our Hive in HP , there is something to be said about making profit as well. Profit is what brings new users in. We are a very low risk investment. Maybe instead of promoting holding on to our HP we should be promoting what we purchased from our rewards to increase the userbase.

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I guess many of the middle class, at least those names I know and recognise are in a fortunate position that we don't desperately need the money and can afford to park what we've earned on Hive. And certainly in my own case, just like @bozz, my biggest lost if Hive goes belly up is my time.

As to end game, I've never thought about that and still don't have one. Last year I was going through a bad phase on hive and powered down for the first time in 7 years. I remember when I hit that power down button there by was so much emotion going through my mind and I felt so sad. Dunno why. But I'm in a much better place now.

I can't say I have absolute confidence in Hive because we all know it's not perfect and there are shit we'd all like to not see, but I can't find another platform that gives me more be reward - financially, friendship wise and creative outlet than Hive.

Guess I'm going to be around for a while

Yeah I felt a bit funny in a bad way powering down as well but I like still being around and building it up again is a nice challenge .

Ultimately the biggest thing I will lose if HIVE goes to zero will be my time. That's far more precious than anything else, but I wouldn't trade it either. The writing has been therapeutic for me and it has become a hobby that I enjoy. It allows me to look at the world in a different way because I am always looking for content. I would like to take some passive income from HIVE one day, and I hope that day does come, but until then, I just keep building.

Jaysus @bozz I just took a look in your wallet. I wasn't aware you had that much of a stash. I must start being nicer to you now 🤣. My question to you is . Is that time now?

Creeper... :) No, it would have to be life changing money for me and I wouldn't want to lose my stake to make it happen. Like I could see one day if HIVE was $2 per token or something like that I might start pulling out 50% of my weekly rewards. I'd still want to keep building though. As far as my HBD, the only way I would touch that is if I had a debt that had a higher interest rate than the 15% I can earn in savings. The biggest issue in the US is the taxes. Anything I pull out I have to pay 30% to 35% taxes on it, so it's gotta be enough that it is worth it to take that hit. Moving $1000 out and only getting $650 isn't worth it at all.

Ok yeah tax is something I didn’t really account for .

Maybe instead of promoting holding on to our HP we should be promoting what we purchased from our rewards to increase the userbase.

I commented on a post of yours the other day that I powered down and purchased a laptop to continue Hive stuff. That was back when I was wasting my life thinking my efforts with OCD mattered, I think late 2023. Could've thrown some cash at a pile of shit but went with an expensive pile of shit Macbook Pro for the fact that I knew I needed something that would work alongside my photography/video posting. Drone stuff in 4k, RAW file stills editing. Ended up being a decent purchase since I now primarily use it for those things and just launched a business around them.

Anything I have purchased that didn't go to something like rent/bills/food has ended up being something that went back into Hive as a user. An 85mm lens I use for photography. A drone in I think 2021 that became a huge obsession and had me posting daily aerial stuff at one point. A GTX 1070 TI GPU that I got in I think 2017 (or 2019 I can't remember) when the 660 I was still running just kicked the bucket. That's actually it, now that I think about it. The rest went to surviving.

I actually really like your idea though, I think it would be really beneficial if we had some sort of initiative that went into sharing the things we purchased. Even if it was something that saved us on a shit month when funds went a bit low. Posts on here, Twitter, or even YouTube that went into 'How Hive helped me afford my dream camera!' or whatever could really do some good advertising. Less infighting over something like KE and more appreciation for the fact that Hive did contribute to the signing up of new users, as well as maintaining them.

Good I'm glad you did that @namiks. I don't feel quite so alone now in my thinking. I must have a look at some of your work after this reply.

Hear hear!

I believe my KE is below 1.

I have powered down & and am powering down - many a times but I also buy Hive regularly.

Most of my power downs go into BTC and I basically survive/live on BTC ( to Euros ).

And as you might have read, recently, I bought Clare and me our land, here in the Italian countryside with most of my BTC stash. So, in a way, I purchased this land with Hive (too).

8 plus years in ( in Hive and crypto ) and still going strong 💪

Well done @vincentnijman . Delighted you are one of the success stories on Hive so and the good thing is you are still active and apart of the Hive community. Congrats on the land buy. I have been away from Hive for a couple of months so I must revisit your posts to see where you went since the childrens books

The end goal is 200K in HBD and 30K a year in passive income. That is the exit strategy whether hive is 20c or $2. Obviously if we see hive at $2 again it would speed things up a lot.

I would sell my hive to hbd just for the stable interest payments but wouldn't quit the game. That would just be my bankroll from then on and i could start buying back the hive in the next dip.

LEO is looking good for a profit this bull market with the lstr shower locking up about 20% of the tokens permanently and all leodex revenue being used to buy more every day going forward form September.

Hoping for a profit on that one and cash out a bit. I cashed out a chunk last bull market and paid for my car and a lump toward the mortgage when prices were high. I've been buying small amounts back for the last few years to be ready for the next round but would like to sell more this time around.

I could have taking a big win with splinterlands last bull market but never saw the dip coming.

No matter what happens i wouldn't want to quit hive. I've enjoyed the hustle far too much for the past 8 years to give up anytime soon. It would be nice to hit whale status some year and throw my weight around the dhf. Maybe in the next decade.

Sounds like a good plan mate . 200k in HBD would be great . You have a nice chunk of Hive built up . If it goes to $1 would you transfer to HBD or what would be the plan ? My new plan is building up my HBD as well for that interest .

I would start slowly selling to HBD from 50c upwards. If we hit $2 i would speed it up.
HBD is a great option is we do see any big moves this year. Lock it in for a while and wait for the crashes that we always see. The compounding nature of HBD is brilliant, you can just stack and forget as it keeps building up all of the time.

At these prices i'll keep buying Hive with my HBD since we should see some gains along the way if the markets are green. Even 20c to 30c would mean 50% more HBD in savings and speed up the process an awful lot.

"I would be fairly confident in saying most whales see Hive as just a token to profit on and our middle class who hold the 100k-200k Hive are the real ringbearers of the Community."

I agree.

"...blogging is only a little part of Hive..."

This is the greatest tragedy of the chain. Since the advent of Steem social media has become the largest financial sector in the global market. Had the platform fully bought into censorship resistance, rather than mining new users for their measly contributions that whales could extract from them by flagging them into the dust, and created a social media platform that could serve as a refuge from the shadow banning, propaganda spewing, centralized enemedia, we'd literally all be rolling in phat bank rn. It is the avarice of the whales that has gradually, slowly and suddenly poisoned the well of social media posting that has become the dominant financial sector in the markets of the world in only a decade or so.

What an utterly foolish and financially suicidal failure!

It is worse for me because I don't even really care about money. Money isn't actual wealth. You can't eat it, the old aphorism goes. It is merely a service that facilitates commerce, and it is what is transacted for that is actual wealth - that is, besides the things that money can't buy. I came here for the free speech, and boy have I spoken freely. However, many, many others that started to didn't survive the flaggotry that discouraged them, probably because the money is what they came for, and that is what they were deprived of the ability to earn when they were flagged.

"What is your exit strategy..."

Since I am here to hear forthright speech, and to speak it, I will not exit that principle. If Hive cannot support forthright speech I will speak and hear elsewhere. There is no substitute for free speech, and it is utterly an existential need humanity has, without which we are doomed to suffer catastrophes we aren't apprised of by our good community. It is free speech that has protected America time and again, and without free speech America will decline and be subsumed by evil overlords as so many totalitarian shitholes have been before. There is no coin for which I would sell that necessity, nothing would profit me were I deaf and dumb to facts about crimelords scamming us to actual death.

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IMG source - Peakd.com

That's why I have this badge. That's why I have never powered down anything.

Thanks!

That’s actually very interesting . I never even thought of this as a reason for using Hive. Is it free speech though? Disagree with a whale and all of a sudden you are in the blockchain version of North Korea .

I have disagreed with plenty of things whales have espoused, volubly, and often. Sometimes I have been flagged. I was flagged by BernieSanders with extreme prejudice, but after some months his outrageous antics caused him some legal hazard and he disappeared along with his flags. I have to give credit to some of the whales, like Marky, whom I clearly irritated lobbying for JoePublic to be removed from his blacklist, but he never did flag me, and eventually removed JoePublic from the list. Then JoePublic quit posting too.

I generally have good reasons for my positions, and state them firmly and as personably as I can, avoiding name calling and ad hominems to the degree I can control myself, and usually we just don't agree on things and that's as far as it goes.

If you bought Hive at $1 like me, its easy to be in a loss making situation 😅

Did you ? 🤣🤣🤣🤣 well the good thing is every time you post you are dollar cost averaging I suppose

There’s always bloody 1 🤣🫣😜

Exit strategy is having a passive income stream whilst funding other crypto projects and powering up creating a bigger wallet value where I can help others. Over the years my thoughts on HIVE have drastically changed and the wealth is not in the value you hold, but the amount of tokens than can be generated from the stake. i will be selling HIVE this time around and this will be converted into HBD and swapped back to HIVE again hopefully doing a 4 or 5 x depending on the market price. HIVE is not going to always be at 20c and I would be happy with just a $1 or $2 HIVE because that is still good money. Who knows where this ends up, but it is a fun journey and yes all my crypto is 100% profit which is a rarity apparently.

Go way you , The day you will sell Hive , the wife will be telling everyone that you are 6 feet under and that they needed funds for a massive coffin! 🤣. Although I am proud of you for branching out to Coti which seems to be doing well and providing you with more crypto content which is a win win . Circular economy and all that

Selling HIVE only to buy back and have more HIVE still counts as selling HIVE lol.

You can say that again and again.

and again 😀

I really enjoyed reading. Hive is indeed a game changer.

You got me to remember my telegram tapping game, 😉 the end was really a disappointment, after putting in several hours, days and weeks.

Although I am still building on hive. But from what I have read, articles/ posts from people who have been here for decades, they all have good testimonies. Testimony builds confidence and help motivate newbies. I will be here for as long as the platform exists hopefully.

Good for you to be here @sirfx . It’s a good spot. Great community .

Yea! I appreciate 🙏🙏

👏🏾👏🏾