Hive: 5 Years To Completely Change Your Financial Life

taskmaster4450 (85)in LeoFinance • 2 years ago

Give Hive 5 years and your financial life will be completely changed.

This is a bold statement yet one that is revealing itself to be true. For those who can dedicate themselves, it is an achievable goal. No matter where one is starting at, there is the opportunity to completely change one's entire financial situation.

We often discuss life changing money. This is something that is offered within the Hive ecosystem. Due to the fact of compounding, even over a period of time like that, we can see enormous results. The only thing required to get started is effort.

It might seem like something that is too good to be true yet we are seeing the magic on regular basis. Unfortunately, not enough are immersing themselves in what is already offered. On the brighter side of things, there is more being developed on a regular basis that will present even more opportunities to people.

For those who follow the evolution of Hive, it is easy to project where we are going. More is being added which will increase the potential for everyone involved. Eventually, the foundation that is being laid will be enhanced by the network effect. The only question is to what degree we see this happen.

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Massive Expansion In A Few Years

Many newer people might not be aware that, only a few years ago, Hive offered two tokens: HIVE and HBD. That is it. All rewards came from this source and nothing else. There were no tribes or other ways to get involved. In fact, we didn't even have communities.

Since we were dealing with a single reward pool, obviously the daily distribution was a lot less. People either got upvotes in Hive or they did not. Of course, at the time, bidbots were all the rage.

Now, people are getting rewarded in dozens of tokens. This is allowing people to focus their Proof-of-Brain efforts in different areas. No longer is receiving HIVE the only way to get rewarded. This is a major step forward.

Of course, the gaming we have, led by Splinterlands, is also producing a great deal of wealth. Hundreds of millions of dollars is contained in all the game-related assets. These are in the hands of Hive users, most of whom are here for years.

When the game took off last Summer, there were many on Hive who had decks worth hundreds of thousands of dollars. There were quite a few who reached the 7 figure level.

How did those people do it? There was no single path to success. That said, many of them amassed a lot of their decks simply by playing the game. Completing the daily quests meant that their holdings grew. Over time, they were able to add more through scaling up of cards or buy purchase. Either way, when things took off, they were well positioned.

The key is there are a number of other opportunities forming. With cryptocurrency, simply being involved can open up some doors.

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Compounding Our Way To Success

In the financial arena, compound interest is often a topic of discussion, and for good reason. This is a very powerful mechanism that can produce enormous results over time.

Hive is this on steroids.

Here is a quick example of what is taking place:

Simply holding HIVE, in either the liquid or staked form, is going to enable one to get a 1:1 claimdrop from the SpkNetwork. The tokens being dropped are miners which either can be sold for an immediate profit or staked to, eventually mine, the SPEAK token. It is easy to see how this is being given freely to the holders of Hive.

Obviously we have no idea what the value of that token will be. However, it could outpace Hive in terms of the holdings of a single individual over time depending upon how powerful one's miners are.

This is going to be followed up by the Ragnarok game. We do not have the details but we will see a drop there, also based upon the holdings of Hive. Once again, this process increases one's yield (return) by being involved in Hive.

We can see this throughout the ecosystem. People are being rewarded for leaving comments on people's posts. While this is not likely making anyone rich, how long does it take to make a comment? When one get a few cents for that effort, it is not a bad payout. Of course, due to the compounding nature of things, those few pennies can be immediately put to work. With price appreciation, it can turn into a dime or two.

Here is another key for Hive: often the path is a lot of small payouts. A couple decades back the big discussion centered around multiple streams of income. Hive can offer this on steroids as payouts can come in many forms. It starts slowly but can grow over time.

All that is required is consistent effort.

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Long-Term Thinking

There is one way to sabotage one's success on Hive: leave.

Why do most people do that? The answer lies in the viewpoint taken. Too many want the instant success. They are looking at this as a get-rich quick scheme. Instead of concentrating upon building, people seem to want the financial payouts in their first few posts.

The reality is there are many on Hive who early little (or nothing) on their for 10 posts or so. After that, it was pennies. Yet, the breakthrough for them was they stuck with it. Over time, the pennies turned into dimes and, eventually, into a dollar or two. From there, it was just a matter of persistence and dedication.

At the end of this post there is an image that says "Vision 2025". The reason for this is as a reminder of what is takes. That is where the focus needs to be. It is not so much what an account looks like today but, rather, how will it be in a few years down the road?

Let us be honest, is a few years of dedicated effort to completely change your financial life worth it?

The opportunity is there before us. One of the biggest reasons, it seems, for people not changing their financial lives is because few make it an absolute goal. Sure, everyone wants to do it yet how many are really willing to dedicate to that end? Here is where the wishes stray from the results.

If you want to completely change your financial life, make it a priority. We are not talking decades here. It is a result that can come much quicker. However, this is not overnight either.

Anyone who commits to a few years of dedicated, consistent effort can change his or her financial life. Hive offers that opportunity to everyone.

The question is whether someone is willing to do what it takes to get there?

Let us know in the comment section what your experience is with Hive. Are you starting to see the results of your efforts?

If you found this article informative, please give an upvote and rehive.

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