Be Wiser....

in Hive Learnerslast year

Being financially independent has been the core goal for many of us to achieve. To reach that stage we have been performing tasks, making sure our efforts does not go in vain! Reserving and reusing the energy at our disposal to forge the path in front of us. At times it gives out expected results, while it also throws us away from the path to show us what mistakes we have performed. Needless to say, forging a path has never been easy nor it will be in the future. But yet, strong ones shall survive!


Traditional way of printing money on a monthly basis has been the choice for many. Jobs, business are always given top priority since the risk here is close to zero. You offer your skills and after the month grab your payment or likely known as "Salary". Unlike crypto where every minute is a risk. The current bear market is likely the ideal example. More significantly the question might as well indicate that crypto is not the ideal choice. At least not yet!


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  • Bindings of Security

One of the traditional thought of having a good life, which strongly relies on how stable you are at the end of the month. Precisely, are all of your needs being taken care of and you do not have to worry about anything at the end of the month. JOB, Business does provides that security. At the very least, there are nothing to be worried about for your financial needs and that peace of mind is driving us to have more reliable source of income or jump towards a job or a stable business. This security is much needed at times like this.

Crypto being as volatile as it is in present situation it is still a matter of question how secured it is to take it as mainstream income for a person. As because if one has invested in crypto few weeks back than it is for certain your are sitting at a loss. Thus if you are in need of money it could be a disaster for one to take out the money from the market under the current circumstances.


  • Can HIVE be considered a safe bet?

When the melt down begins, nobody seems to be untouched! Hive is no different! Under the given circumstances of crypto fiasco, HIVE has fallen down to the zone of 30-35 cents! All things considered, Hive seems to be performing well. Compared to BTC dropping down in value even after this market volume, Hive seemingly has done a nice job.

Hive-Power, is an essential asset in HIVE blockchain. If I want to be dependent completely on HIVE I would probably need an insane amount of HP! Under current circumstances a million HP should be enough to support me in this current situation. While this is the current situation which I am talking about. Although, I am pretty sure this will not be enough to support me life long. As there are various variables which needs to be considered. Since, HP would be my only source of revenue generator, I would have to be constantly powering down in order to take care of my needs. Given the history of power downs it is somewhat a topic of controversary in the chain. Which is why it is something which needs to be considered. While recently, I have been quite hungry to withhold the current scenario, as I am in desperate need to get more HP along the way. So that is the case as well.


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  • HBD

HBD is no doubt one of the best strategy that can be maintained in order to with hold the current scenario. As for an APR of 20% this is a gem in standard crypto. If I ever in need of holding stables in big amount I would probably choose HBD to be the safe bet around the crypto eco system as of now. Better security and since I hold my key, I am a sole owner of my assets. Since we have seen what has been happening around crypto and CEX. Depleting assets of users and holding no accountability at all. That is a level of fraud, which is equivalent to killing people in mass.

Luna was an example and now FTX has again showen how centralized entity can ruin an ongoing progress. A technology which was meant to decentralized from the very beginning. Not only this two circumstances but there were countless examples in the past where exchanges were hold accountable for loosing users funds and at the end of the day it is just the users of those exchanges, who suffers the most.


Next phase

As of now let's talk about the elephant in the house! Where will we see the bottom? or is it time to take a job at McDonalds lol. A lesson that needs to be learned in crypto. Nothing is permanent. Whenever an opportunity is out there better make the best use of it. In a bear market it is said, buy some cheap coins, since they are in a discounted price! Which is why I am collecting as many coins as I can and HIVE is definitely one of them! Just do what you feel like doing! As every action does have an equal and opposite reaction!


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Best regards
Rehan

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This might feel new to crypto but it's no different from how the stock market has been performing since it was introduced.

As long as the world of finance is concerned, there will always be bad years and good years.

What we should learn from all of these market seasons is to know when to stack up for the bear season so we can take advantage of a dip.

Most importantly, to learn to live frugally, that way, no matter what the market is doing, it doesn't bother us.

 last year  

I wish people who are panicking could think of this situation as positively as ever. But the mental state is pretty unstable now of investors. But either way it is sort of situation where it feels like only strong will survive :)

Great summary. Nothing is for sure permanent, but I keep stacking!

 last year  

Stack now in bears and enjoy in BULLS ;)

I with you there !! 😀

I took Hive for granted at my peril. I have lessons and I think I've taken a decision to get it right this time.

 last year  

Well, better late than never! All the best for your HIVE adventure :)

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