How about you? Do you have a level you're aiming for? Has your attitude to finance changed since getting in to crypto?
Short Answer: yes a huge change in the way I look at finances
When I first joined up the aim was to get to get to a certain level (approx £500 worth) and then take money out to spend in the 'real' world. Slowly I realised that the longer I kept hold of Hive, the more I would earn, and the more I earned the faster I would grow.
So now I'm aiming for Dolphin level in Hive, for no real reason other than it keeps me motivated to keep posting/delegating to grow the account. Once I get there I create a new target (10K HP, 15K HP etc)
That was the first change, to go from cashing out at the first opportunity to now saving and increasing my stake,
The next change was actually considering Bitcoin itself. The nature of Hive means a lot of crypto posts. At first i thought it was boring, and then when I tried reading them I just found it weird.
A few weeks later, not only do I actually own bitcoin (all $110 worth of it) but I am now investing in it via a Blockfi interest account. I have had the blockfi account for 2 weeks and have earned approx $0.16 in interest. That may sound small but it is infinitely better than what I could get from a 'proper' Bank Saving Account.
Bank Account has interest rate of 0.01%, Blockfi has 6% interest rate. Thats an improvement of 600%, it boggles the mind!
I am now at the point of considering cancelling one of my pension schemes and putting the money to use in Bitcoin instead, it may well be a better investment.
Haha, it sounds like we have pretty much been on the same journey when we started out! I was aiming to get to just minnow and then see if I could just earn a side income by being on HIVE but you said it, the more HP, the you earn so ended up not cashing anything out and grew the whole time I've been here!
Once you get to those goals, you create new ones and the gamification is something that I really like and have something to aim for, sounds like you're of a similar mindset too, which is great for motivation! You'll find that you'll get to those goals quicker as well as the HP increases so keep at it!
Aha, you're in the deep exploration stages now of the crypto industry! I've heard of Blockfi, not got an account there yet as I went for Celsius and Luno at the moment but I have to say, I'm enjoying the interest rate on these apps considering we're so used to dog shit interest rates in the UK!
I'm with you man... 0.01%, soon to be negative the way the Bank of England is pressuring high street banks to go that way so I'm also wondering if I should withdraw my savings now and put them in these CeFi options! I prefer the low stress, dollar cost average approach and have set up automatic weekly (and now daily) BTC purchases which I put in to the CeFi accounts to earn a bit of interest on. It kind of mitigates the fluctuations and don't have to keep an eye on the charts/portfolio so much (although that temptation is really difficult to prevent sometimes)!
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