Hive & LeoFinance as a Hedge Against the Bear Market
frens, as we navigate these very uncertain times, it's important to hedge ourselves against the bear market. I'm not saying we're in a bear market crypto wise, but I'm saying it could get a little bear-y and we need to be ready.
Hive & LeoFinance as a Hedge
If you're in crypto at all, and odds are, you are... You probably know that we've been seeing a lot of crazy action in crypto prices. With this whole fucked up war situation in Ukraine and numerous crypto scams, it can look a little scary. Firstly - my heart goes out to those in Ukraine fighting for their country and freedom. I can't even imagine the amount of fear and uncertainty... Fuck Putin. When this shit started, we saw a huge market drop that scared a lot of people holding crypto. I'm talking 15%-20% drop in just a couple hours. If you're new to crypto or never really dealt with what it feels like to have 20% of your portfolio value shaved off in an instant, it can be horrifying. I've been around the block a couple times being in crypto since 2015 and I can tell you that this is a better situation than I could imagine. My point here is - Hive can be your saving grace. I'm talking about Hive as a whole. LeoFinance, Proof of Brain, Somee, etc... All these different Hive communities can help you hedge yourself against a market downturn.
Even if you don't have extra money to dollar cost average into your favorite cryptocurrencies, you can be earning. If you're reading this, you probably already know that when you post and interact on Hive, you earn crypto. A few years ago, we had Steemit but it was too diluted by bullshit to make it a very good hedge against anything. Today, we have Hive. A thriving ecosystem with an incredible community that wants nothing more than to support and help each other grow. If you have extra money on a daily or weekly basis, I'd consider putting a few dollars into HIVE. If you're not comfortable with the potential price fluctuations, there's an incredible 12% APY opportunity with our native stable coin HBD. You can put your dollars in savings and earn a very nice 12% which is hard to get really anywhere else. If you're OK with price fluctuations, HIVE has huge potential to grow. I'm talking 10x or 100x its current price around 93 cents. If you power up your HIVE into Hive Power, it's earning 3% APY and if you vote on content, aka curate, you can earn even more on top of that based on how much you have staked.
Investing without Investing
But Phill, how can I invest in the Hive ecosystem when I have no money? I'm glad you asked. It's all about investing your time and building your stake. With the Hive ecosystem, we have an incredible opportunity as early users to build a huge stack of crypto that compounds without spending any money. This concept sounds kind of insane to your average person, I know because I've attempted to explain it to normies. Some get it, some can't comprehend earning money without working. Not only can you earn HIVE and HBD with your posts, comments, and votes... If you use the right tags on your content, you can earn a plethora of other tokens that have actual value. For example, LeoFinance. I post everything natively from the LeoFinance frontend for a few different reasons - one being I love the interface. Another being that it makes your post eligible to earn LEO tokens and a potential vote from the Leo Voter account which is huge. Even better than that - the LEO tokens you earn can be powered up just like HIVE and your value will compound in a similar fashion. Investing without any money is absolutely possible, it just costs you some time.
Wanna take your earnings a step further than that? Well you can. Try using the someeofficial, vyb, proofofbrain, and neoxian tags. Combine those tags with the leofinance tag and you're earning like 6 different cryptocurrencies from the same content. Once you start earning VYB and POB tokens, those can be powered up as well... Which again - compound and earn you curation rewards when you vote on content with those tags. See what I'm saying? The Hive ecosystem is deep. We need to be taking advantage of this incredible ecosystem in order to hedge ourselves against the bear market. Who cares if the prices are fluctuating when you're earning 6 different cryptocurrencies every day? You'll be slowly building your stack while other are crying about a 10% dip in prices. Then when the dreaded crypto winter comes, you won't give a shit. You'll have been earning and building your stake in the ecosystem to the point you're numb to the price fluctuations.
Thanks for reading! Much love.
Links 'n Shit
| Play to Earn | Read emails, Earn Crypto | Get free crypto every day | Get a WAX wallet |
|---|---|---|---|
| Gods Unchained | ListNerds | PipeFlare | WAX.io |
| Splinterlands | GoodDollar | ||
| Rising Star | FoldApp |
Posted Using LeoFinance Beta
Definitely at a point I was much concern about the level of dip at first,but immediately I got to have more understanding that I can earn other token too,that really makes me worry the less.
Hive can help put your mind at ease and change your mindset.
Posted Using LeoFinance Beta
Definitely mate,this is one thing I give to understand when I joined the community,to me I sincerely see hive a means of easing the stress gotten from other tokens too.
Even though it price as not been really good of recent,but it is just a means of saving people from stress
Yeah, the price of HIVE right now is irrelevant. Just wait til you've been building your stake for 3-5 years.
Posted Using LeoFinance Beta
Absolutely!
I think it's a mindset switch when you look at the big picture, what is being developed here and how you can leverage it all.
Multiple cryptos a day being earned, just fires me up to wanna earn more and create more LOL
Thanks for using ListNerds as well to raise awareness for this post!
Posted Using LeoFinance Beta
For sure! ListNerds is a very powerful internal marketing tool. Compound everything.
It can for sure be a great hedge! Can I ask you about the someeofficial tag? I have not seen it before!
The bear market caused by the invasion can be a bit scary (although it is not that bad for now), but I have to say I am a bit more scared about the people suffering than I am about my portfolio.
!1UP
Yeah, sure! #someeofficial will make your post eligible for earning SME tokens. Somee.social is a Hive front end and your posts will also be visible there.
Posted Using LeoFinance Beta
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@leo-curator, @bee-curator, @stem-curator, @vyb-curator, @pob-curator, @neoxag-curatorAnd they will bring !PIZZA 🍕
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Thank you for your explanation for the way in which the profit and the downturn we are wondering about.
No problem
Posted Using LeoFinance Beta
Leo is quite dominant right now... let's hodl.
Posted Using LeoFinance Beta
Yeah they are killing the game. Only matter of time.
Posted Using LeoFinance Beta
The hive ecosystem is a great place to be and if you know how to use its tools for example driving traffic to your posts with listnerds (thats how I found this post here :) )
With a little bit of effort you actually can make a decent amount of hive for free ;)
Posted Using LeoFinance Beta
Exactly! Earn free crypto and make it work for you.
Posted Using LeoFinance Beta
You make a very good point that I am sure a lot of people never thought about. Don't worry about the wild price fluctuations, just keep posting and commenting to accumulate more. Great post
Posted Using LeoFinance Beta