You don't need fiat, to get into this amazing blockchain!
That's a good point... although it really does help spending some fiat to get started earning HIVE. Having enough RC to post and curate, and gain popularity and attention with a more generous upvote (even if it's just $0.01) or purchasing enough tipping tokens to spread the !LUV. All of these will fast-track success on HIVE, but mostly it's daily grind, daily commenting/curating and participation. Building a good name takes time. If a crypto millionaire came in buying 5M HIVE and powering it up, they would be an instant influencer and could grow that investment very quickly.
Many HIVE investors are selling off their earnings rather than staking. They blog, they send it to an exchange, they invest in other cryptos. I can sympathize with this tactic, since there are many crypto opportunities out there, and other cryptos are easier to convert back to fiat, but once HIVE catches on, those cashing out will regret their tactic.
(1/5)@ironshield sent you LUV 🙂
Made with LUV by crrdlx
we've seen it happen. lots of the most generous whales on Hive, bought their stake and have been distributing upvotes. a lot of the ones that have been here since 2016/17, really don't seem to upvote the community at all.