When it comes to financial dealings and how we treat what we earn, people have different approaches to it, and the same is the case when it comes to the Hive blockchain. Although some people joined Hive so they could earn, along the way they can decide to invest their earnings by letting them compound and then using them to support others on the blockchain, while some others mainly want to earn, withdraw, and use them to meet their needs offline. What are mine between both sets of people? Below I'll be shedding light into that.
Honestly, the driving force behind me joining Hive Blockchains is so I can meet my financial needs and make my life better via what I earn on Hive. However, after months of joining, I had a change of heart due to things I've come to see and learn about Hive, and that helped me shift my focus from just earning and spending to compounding my earnings so as to increase my stake, and while doing that, I remember growing my stake day by day by powering up at least one Hive every single day for at least two and a half years. In the course of doing that, my Hive power rose as far as 15k, but last year things took a new turn towards my initial strategy after using four years to grow my Hive power.
I'm sure you might be wondering what changed. Well, after four years of our building my hive power via my earnings, using some others to invest in different projects, from blockchain games to second layer tokens, which I believe was a wise decision and a way of giving back while still growing my earnings. Unfortunately things began to go south for not just the hive value that kept on crashing but also watching most of my investment go down the drain, from the crash of Bro, Legion, and Gifu tokens, which I invested in heavily, to other ones such as DVS and blockchain games, which are pure scams, such as PsyberX.. All of these put together made me change my approach by trying to save anything I could to invest in physical things I can monitor, control, or have someone to hold accountable when things go south, unlike how it's impossible with Hive.
So since then, I've decided to unstake all my Hive power and use my earnings to invest in different things, such as real estate, the stock market, and the like, and that has been what I'm into from last year to date. I know Hive users might think I'm harming the system, but then the system has also hurt me by making me watch my investment on the blockchain go down the drain without having been able to hold anyone responsible for it. Besides, I'm still adding value to Hive via my regular content creation and engagement, so I believe it's a win-win for both the blockchain and me.
That's about it on how I save and the likes, it's an entry to the indiaunited community weekly prompt, you can click on this link to see the topic for and as well participate.
All photos are mine.