The token price is the most crucial and also the most volatile of all the factors that affect how much you could earn by creating content each month. I'm not expecting to cover any living expenses for another 5-10 years from content creation on Hive. I could take out some, in fact more than I could've believed possible given the general state of the market and the low token price, but it's better to let my stake and audience grow for the time being.
We may see even lower prices in the next 12-18 months. But Hive is cheap enough to run to survive very low prices. At some point, world economy will start growing again.
At these prices, I would have to live somewhere much cheaper to have it make any significant difference. It would cover a few things around the house, but since we aren't in a rush for those particular things, I will wait and see.
The recovery will be faster than expected once it sets in, so will the next crash to follow.
If you're making, say $300-$500 a month in author rewards, then obviously you can't cover all of your living expenses in Finland. But that sort of income would make a difference. That would be > 10% raise to the median full-time wage earner's monthly wage.
yes a difference, but not a significant difference to lifestyle and then, it can stop at any point as that is the way it often goes with author rewards.
If you save all of it, then you could end up with a $10,000 fund in a couple of years. Of course, you'd have to pay income tax on it when it's cashed out as per the guidance of the Finnish Tax Authority on virtual currency income earned on platforms "mainly for recreation" that a social media platform is. But a sum like that could make the difference between falling behind on payments and getting deeper into debt under an emergency.
Most will never get this kind of consistent support without putting in consistent support I think. Some might.
No one will get that kind of support without putting in considerable effort. I know several dozen users who get this level of support. I know a few who do even without posting project announcements and such. Those people are the cream of the crop on Hive in my opinion. :)
I know a few too, but it is rare. I think a lot of people want similar but don't realize how much work it actually takes. I know one who tried to put in a similar workload (I was more prolific then) just before SF3 in Poland as a test - he didn't make it through the week.