I was doing some reading yesterday and I stumbled upon a post by @revisesociology about voting patterns and how his vote spread will mainly focus in supporting long term Hive holders. Before I jump in deeply into why I think this is the best approach if you believe in Hive as a blockchain and as a coin, I want to clarify that yes, I do a lot of reading on Hive even though I haven't been publishing my crap as actively as I was over the past 4 months before May arrived; I have been terribly busy with irl stuff and job bananas and, I just literally haven't had any free time - and that little free time I get, is automatically snatched by the gf - fairly so, and deserved that is.
But I just can't help but feel like I'm missing out on all the stacking from the low price of Hive by not posting daily as I used to before working two jobs so, I just have to find the time to do it and be more efficient and effective in other areas of my life so that I can free more time to do productive things.
Oh yeah, I'm missing out on stacking cheap Hive that will be worth $10 dollars in a few years, and so are you if you are not active on a daily basis on this underrated as fuck blockchain, and you are even more idiotic if you aren't at least trying to post twice a week using Leo Finance, and you are a moron if you aren't getting involved with the ecosystem as a whole - because Hive is not only about blogging, there are may layers on this chain, like with Shrek (you get extra points if you get the joke).
Anyway, reading that post from ReviseSociology got me thinking a lot because, even though I think the same way as he does, I think there is a lot more to talk about that topic and perhaps explain why I think that way.
It's no news that I used to hold almost 100k Hive a couple of years ago - around 20% was earned by blogging, 50% was made of witness rewards, and 30% was bought by yours truly at .80c - and I had to sell a lot of that because of the Financial Crashed planned by the Covid agenda and also because of personal matters. Apart from that, I think I sold around 40k Hive at prices from 10c to 90c from 2017 to 2019 back when my mindset, financial status and crypto & tokenomics understanding was gigantically different from what it is nowadays.
From being a Hive user to being a Hive Investor
I guess I will speak for most of those who don't fully understand the crypto space and the potential Hive has as a token, a blockchain and a community, and I believe I will represent the mindset of every third world citizen and first world low income bracket person:
Right when we joined Hive, we found out that becoming successful, at least on the social media side of things, could mean an additional income to get out of the continuous shithole that we live in, and to be able to generate money online while the local job market is just not enough, came as a solution that would help us solve irl problems.
Hive became our cash cow for grocery money, medicine money or maybe even beer money. We were extracting value from the ecosystem. That Hive that gets printed every day and gets allocated to posts via votes? Yeah, that same Hive is being sold every day by short term thinkers - or, people in need, liuke
We didn't understand - or even cared about understanding - the meaning of HODL or stacking, and it took us quite a while to grasp what it meant community wise to be a long term thinker, and how it could help us stack even more Hive in the process - like for example, to grow your hive stack means that you are not selling, which means you think long term, which means that if someone votes on your posts, they know you won't sell that Hive, etc.
Once you understand that those 3 Hive you sold to buy milk could be paying for a full grocery run in a few years, every Hive sold hurts deeply, and you regret having to sell.
Your mindset changes and you become a long term investor, not just a Hive user that hopes to get posts rewards to pay for next week's bus fares.
Balls deep on Hive
That's me but scratch the grumpy face, I'm actually quite happy.
I used to think that charity posts on Hive shouldn't be supported, and that every user that is obviously on Hive for the quick, short term gains shouldn't get votes on their posts - even though I was one of those at some point, and there will always be users with that mindset, in fact, we need them because they spread the Hive gospel faster than Schumacher.
I used to have 100k Hive, now I have a little bit less than 30k Hive in an anonymous account - to avoid judgement if I decide to sell, which is pretty common on Hive - and around 10k in my main account, added to that I have another 22k USD in the Leo ecosystem between my main metamask and my alt metamask. Overall, I am sitting around 60k USD, and all of it is one way or another invested in the Hive ecosystem.
My mindset right now, and call it selfish or close minded, is to support and vote users who mainly focus in keeping value in the Hive ecosystem, not extracting value. I am no longer voting for people extracting value from Hive.
I'm not rich, in fact I'm way too far from escaping the six figure hell, but I'm balls deep on Hive and Leo Finance, no matter how small those balls are.
In the past, this wasn't a good strategy. I missed on plenty of gains from other coins in past alt seasons, but this time I believe it will play out differently. The good news is that I'm no longer selling but, I've been buying more and more with my Fiat job income and my Leo Finance income.
Good times ahead, at least after the multi-year bear market (which I believe to be bullshit) finishes.
Posted Using LeoFinance Beta
I think that is a smart choice. I have always said that I don't plan on powering down unless there is some kind of emergency. To date I haven't powered down and any liquid Hive that I have sold has gone towards other projects on the Hive blockchain. I always try to keep an eye on the people that I vote and whether they are powering up or powering down. It's really in their best interest to grow their stake. Even if Hive hit $10 per token, there is no way I would power down. Why kill the goose that lays the golden egg? Just keep making golden eggs.
Posted Using LeoFinance Beta
It just makes sense to me to support people who support the system!
Not against people cashing out when they have to, but Vesting just seems like more of a win-win.
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It is good we have healthy community and to have this we must have people that invest,save , builders and spenders. In all this people investors are most important and there is nothing bad in supporting all this people.
Posted Using LeoFinance Beta
Meh, all economies have spenders, savers and investors, trying to control other via incentives is just adding more pressure. A better way to get people to hold is to create opportunity and abundance. FOMO is a great motivator. This thing is going to grow, and you don't want to miss out is more powerful, but to each their own.
I support people using their stake how they want to and to provide incentives, personally I'd rather focus on networking, building and growing and embrace that various people are at different financial stages in their lives, and that creates balance.
My opinion always focus on attracting growth (demand) instead of trying to stifle supply, but we do have a lot of fear based people in the community.
Posted Using LeoFinance Beta
Definitely, and I truly think that we need all types of users on Hive and Leo, and we need the spenders, the hodlers, even the Fudders.
My voting behavior changes every lunar eclipse though, at one point I used to focus on most active users, then on interesting bloggers, then on plancton users... and so on. I decided to focus on hodlers right now because of the market conditions, but most likely this voting pattern will change once the market does.
I agree about the growth attraction instead of the supply stiffling, but in these conditions where there's fear everywhere well... it's people who trust the ecosystem and are balls deep who imo should get my votes. It's more of a statement other than an encouragement, because my vote is worth peanuts xD
We need them all, and I also support those who have been here a long time and enjoy it, as long as they aren't out there running people off the platform with their weird rules!
Cheers!
Posted Using LeoFinance Beta
Straight to the point! I think revissociology has a pretty decent strategy! Happy you agree with that! I think especially when you are a big player it is important to vote wisely. Effectively voting for Hive, that is!
Sonce we moved from Steem to Hive I have been loding up. Never a power down. Only thing I did was adding some HBD in the mix to make things a bit mor “stable” 😅
Posted using LeoFinance Mobile
I think that people have power of decision and expression, you and only you decide what to do and it is quite respectable
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I just want to see people better themselves financially and at least have something when Hive explodes. Being part of a community that is growing together and not powering down at every opportunity. I understand for some this is their living but really fear for them when the masses arrive.
Posted Using LeoFinance Beta
No one should sell below 5$ at least, personally I believe 10$ is coming soon.