Crypto is all about understanding the numbers and Hive is no different and in many ways is far more important due to the multiple ways we can earn on Hive. Most staking projects are straight forward and only you allow to earn from a set APR which normally fluctuates depending on various scenarios in play.
Stake plays the pivotal role in crypto and how much stake will determine how much you earn daily. The importance of the rewards earned daily is these are compounded onto what you already have staked and why compounding is so powerful as it is growing the stake all the time 24/7, 365 days per year.
At first you don't really see this happening due to the stake being so small but over time this becomes more obvious. The first year on Hive I thought earning from curation was a waste of time again to having such a small stake. The small stake is actually good as it gives you the opportunity to grow at a higher percentage compared to someone with a bigger stake. maybe not in real numbers, but as a percentage you can double your stake far quicker than someone who has 10 x what you have.
The APR on Hive hovers around the 3% mark which as you can see it is currently at 3.06%. This can go lower or slightly higher, but if you calculate on 3% you wont be far out.
I do think the key to Hive is understanding where your rewards come from and where the growth takes place. Like I mentioned previously this all hinges on your stake so if you want to grow my advice is be selfish for now and delegate only once you have grown to a set target. You can only help others more through the support you offer if you have grown your stake.
Earning just 0.1 Hive per day through the APR which is added to your stake once every block is completed being every 60 seconds. You would require roughly 1200 Hive Power which sounds a lot, but offers you around 36.5 hive per year. This does increase due to your daily growth and may not sound like much to begin with, but we have all been here and experienced this at some point. 12000 HP will offer you 365 Hive per year (1 Hive per day). As you can see it does start to accumulate and become a meaningful number to add to your everyday growth.
My current goal is 120K HP which means 10 Hive per day and every day I am active this target is being slowly chipped away. 10 Hive at a $1 Hive is still $10 daily and in some parts of the world that is a decent income or a passive income.
The curation part does vary and one can earn anywhere between 8 and 10%. This earning is also driven by stake which is compounded growing not only your Hive value, but your daily earning potential. The key is to keep your vote value between 80 and 90% and not let it drop too low down in the 50 or 60% range. The vote replenishes at 20% per day meaning to fully charge you will have to skip a day if it drops too low and we have all done that and learned form this. The key to Hive is earning daily through consistency as it keeps the growth ticking over. Why would you want it to stop?
You may have heard of the snowballing effect and not sure what it is or what does it do. If you grow your stake you will find out soon enough as you will see it happen and when it does understand what this is.
being able to earn 11% or 12% whilst growing daily is huge with very few investment projects even coming close. I have a few outside of Hive and they are at 3.2%, 6.5% and 8.9% respectively which is a realistic sustainable number. What we have is unique and this does not include your post/comment earnings or the secondary tribal tokens that are also being accumulated. If we had to realistically look at an overall growth percentage the numbers are way higher and could easily be between 15% and 20% or higher in some cases.
Everyday in crypto is a good day for growth and why it is important to remain active no matter what the price is doing. Don't listen to others just stick to your own plan and you will be successful in the long run. Who knows where the world economy will be in 5 years from now and you may need Hive as a lifeline or back up or your main income source.
Posted Using InLeo Alpha
I keep thinking about when the next bull market is going to start, but then I always realize it doesn't really matter because I am growing right now which is really awesome.
Growing now is really important and you are doing well.
I'm working on it. I got blocked by some big accounts, so I am not doing as well as I was.
Really that is a little odd.
It happens.
Thanks for this amazing write up. My main focus now is growing my stake. I know I will be better off in the feature if I have enough stake. I really want to be a fulltime hiver.
You can be , but it is easier if you have stake. The problem is when more people arrive and join Hive the reward pool stays the same size so earning becomes that much harder. This is why stake is important as you earn no matter what. I see so many users who could be so much bigger if they powered up and will regret not doing so in the next few years.
Powering up and not basically on the 50% post power up is what I will try doing. I really want to grow on hive. I know it won't be an east task but those tasks were performed by someone so I took can do it.
Yes you sure can. I will be 6 years on Hive in march and it is worth the effort. This was with no investment so anyone can do this.
wOw. This is cool. I have seen someone to learn from.
The key is to show up every day at #HIVE
100% correct.
Yep, showing up daily is key and engagement is also important. Your goal is impressive and one day I will be there too, but for now my goal is 5k.
You have to remain active or you will not achieve the potential. Start with the lower goals and the bigger ones will come.
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.
I am really impressed how hive works, we get reward in the form of both HBD and hp, if someone is a long holder, he/she can stake their HBD to earn 20% ApR reward and if he/she wants to engage with the beautiful people on this chain, they can use their hp to share love among their followers.
Want to Know more about Hivepakistan?
Ping Us On Hive Pakistan Discord server
To support HivePakistan, delegate Hive Power to hivepakistan and earn 90% curation reward :)
Here are some handy links for delegation
A delegation of 500 or more HP makes you earn Hivepakistan supporter badge.
I agree but staking HBD now is not the time in my opinion. Build your Hive and wait for the price to climb before converting to HBD. Staking HBD now means you are losing 3-10 x the HBD when the price rises and the 20% earned will never match that.
Agree with you on that.
I fell off the horse a bit recently. This week and the year preceding it has been tough.
So many things happening one after another really got me down and I needed a bit of a reset.
Time to get back to it!