3 days ago I mentioned that the HIVE APR was at an impressive 3.20% and over the last few days has been rising slowly and now sits at 3.32%. I can recall it being at 3.34% before so we are not far off that number. Normally we see the APR fluctuating around the 3% mark so this is like have an extra 10% earning boost on your HIVE Power.
I would normally be earning approximately 10.37 HIVE daily via the APR, but this is now 11.47 which is an extra 1.1 HIVE daily. Small numbers, but these numbers are all linked to growing your stake and why having stake is important as it generates more and more.
I harp on about the importance of stake in any crypto project you are involved with and would like to see everyone succeed at what they are doing. Having stake and growing it daily is a sure way of reaching your goals which will hopefully one day be worth something far more dollar wise.
I regard my account as a medium sized account having 126 K HIVE power but those who have 1 Million or more HIVE are benefitting by an extra 3.2K HIVE per year or 9.7 HIVE daily whilst this lasts. The total APR daily for that sized account is currently 90.95 HIVE daily or 33.2 K annually. This is why having stake is important because the ability to earn more is possible and these are significant amounts. One day I hope to reach these levels as this is what I would call true passive income generating $500 monthly by just holding stake.
If you want to feel inspired in these times go and check out your real time Hive wallet dashboard. Here is the link if you are curious. Real Time HIVE Wallet Dashboard This shows the APR being added to your HIVE wallet continuously and reminds me of a petrol pump. If this does not inspire you to stay active through this period then nothing will. This tool and all the other HIVE tools that help monitor your HIVE growth like HIVE Stats and HIVE Tasks are there for your benefit. Understanding where your HIVE growth is coming from is key to how successful you will be on HIVE.
I do think everyone who has bee on HIVE goes through various phases with the first phase the learning period which can take a good 24 months depending on how active you are. The 2nd phase is you are building and growing your foundation and then phase 3 when you are in cruse mode but still growing your foundation, but have enough stake to grow automatically each day. This takes years to get to phase 3 and you will know when you have reached this point.
I am always analyzing my HIVE account mainly down to the fact I think I have shocked myself in how well I have done and this was not expected. Sticking with a project or hobby and being consistent for such a long time is not something I have ever done before. The fact that this hobby is monetized probably has something to do with it plus the enjoyment factor, because if you did not enjoy this it would be considered more like work I guess.