Waiting, Hodling, and Staking
The crypto market in recent weeks has allowed investors to make decisions for HODL. For me with finances that were not free, with still limited sources of financial income, that's what honestly makes me confused. I'm not used to investing in the long term.
Then I took another look at the situation around blockchain which today is like my life. Me and all of us here must have realized that staking HIVE, is a different thing that can give us profit while hodling. There are several other considerations related to staking, particularly HIVE staking. It takes time to unstaking tokens, so we can't sell HIVE right away when the market trend is good. Meanwhile, our HIVE is still in the wallet in the form of HIVE POWER.
For me, staking HIVE and doing manual curation can give me a good return. In the future, when there is a good opportunity to buy HIVE, I will buy more HIVE and stake it for a long-term investment.
I haven't studied staking other tokens in other projects. It's because I don't feel up to it and I don't dare to invest in what I don't know.
So, so far, HIVE staking can provide better profit than hodling other tokens without return.
Apart from HIVE, we can also look at internal tokens which also have their own platform but are still integrated into the HIVE Blockchain. These include $LEO (leofinance.io); $POB (proofofbrain.io); $LOTUS (naturalmedicine.io); FOODIE (foodiesunite.net), and many more.
Of course, each decision has a good side and a bad side. It is all tailored to the needs and financial capabilities of each person.
How about you? Are you currently or have you been staking tokens on other blockchain projects? I am waiting for your story in the comments section.
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Anggrek Lestari
Anggrek Lestari is an Indonesian fiction writer who has published two major books. Now She is a full-time content creator. She has a goal to share food content that makes others happy and can get inspiration for foods that are easy to make and contain elements of health.
Make sure you follow her blog as well for some interesting discussions about life other than food.
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Staking Hive and it's engine tokens as I believe it'll good way to go long term. Also recently started staking on defi projects such cub, pantherswap etc.
Staking helps you learn holding, you also get to accumulate/compound your favourite tokens and build for the future
For sure, I'm still learning about CUB and others :)
I have some tokens on the engine that I stake, like POB, LERN, PAL, NEOXIAN, LEO, CINE, etc.. and hive of course, but I currently also take out a powerdown weekly to invest in other crypto. I do make sure I earn more HP weekly than the powerdown, so it's not reducing while taking it out.
Regarding other projects, I stepped into WISE last year, and have 2 stakes there. They are still staked until next year both of them but are (even in dip days) worth a lot more than when we bought in. I hope this will also be the case next year. For the rest, I prefer having things available to act on the market. Hive excluded.
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Yes, this is a good decision. At least, we can make cash out if we needed in a short time.
Yes, and I know soon I won't need to cash out anymore as our debt will be paid off. Working hard on that, so currently, that's my no1 focus. And I think within a month, that's done and then I can buy in other projects rather than cashing out ;) can't wait :)
This is a very good approach! Never invest in something that you didn't research and understood... I like your view about these 3 things from your title...
On the other side, regarding staking, holding... I look at HIVE, BTC, and FIAT completely differently... FIAT money is on the lower level for me and I exchange crypto in FIAT ONLY when I need to buy something for a living, and it's usually the exact amount of money...
But, for example, I do stake HIVE to EARN more and my view about BTC is like my view at bank savings 20 years ago (while I was believing in banks... lol...). So, when I exchange some HIVE, I do it for BTC, and then later, if I need fiat money, then from BTC out...
In general, I'm trying to keep most of my wealth in crypto...
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It's great to be on hive as not only will you earn more hive but also the 2nd layer tokens. Some of those have been very good and add up over time.
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A layering token system is a great thing for sure! Glad to be here for sure :)
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Many see downturns as panic and annoyance and decide to withdraw when that is the main mistake, a downturn is an opportunity to invest more and generate more profit, or at least that's how I see it.
I at least have several tokens like $LEO,$POB, $CINE, $PAL, $PIMP, and $HIVE and I bet on them by generating them through contributing to the platform and not selling them. I also like to from time to time invest 10% of my monthly earnings in altcoins, and of course in more solid projects 40%. A good approach to talk about staking and hodling, it is something primordial to bet on projects and commit entirely with them. Good appreciation @anggreklestari.
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Thanks for reading :)