The Virtual Collateral; Seeing More Utility To Your Hive Stake.
Owned by me
One thing I've discovered is to never make excuses for my financial decisions especially if I feel they haven't really done down well like I would actually want it. I would retrace my steps, take a turn accept the responsibility and decide to of course do better.
Building my hive stake has been the first thing that came to my mind when I came to the blockchain and why was this? I needed sustainability; what I can depend on, or have the opportunity or prospect to depend on, in a long period of time. One thing I've come to learn is that while man in insatiable in his wants, his needs are inevitable. Instability can be curtailed but then needs are inevitable as they're some of the basic things that ensures our survival.
This is where owning not just money but equity comes really handy. Many do not know. But having a stake, such as a hive, a Leo, or POB stake is an equity because it's money, time and or knowledge invested in a building a prospect over a long period of time but the difference here is that the value would actually vary overtime depending on external factors.
For example one who powers down all their hive stake and put it into the bank simply because they're afraid of uncertainty of crypto has only jumped from a calculable risk into an illogical risk. First of; leaving one's Investment staked brings returns (higher than any bank) and secondly even if the value of the coin (hive) is dropping this doesn't stop the stake from bringing the returns.
Overtime, there's a chance that you might cover up some potential loss as a result of price fluctuations, that is, if you want to cut your losses due to a financial emergency and sell rather low. However I'd rather have my hive stake here, using it to support a productive community rather than empowering a local bank because Crypto is volatile and risk?
Who says banks don't run their own risks too? Another angle is having money at hand makes it easier to have a means to tackle unnecessary needs. Truth is, there are some needs that are not necessarily important. But then they become important the moment we have some spending power. Spending power makes it difficult for us to see ways to solve problems others than money.
Via Bitmoji
Having my stake locked away makes it easier for me to see the things I don't have rather than what I have. This is rather psychological. At this stage I see my stake as a collateral especially if I'll need a huge amount of money to establish a real-time business because by doing, I can take it to grow my real-time business then take back the profits to buy back my stake especially if there's a possibility that it'll even have become cheaper.
Infact I can buy back even more than I had. Meaning that my stake can serve as a "go-to-bag", I can grow my real-time business, return back the stake and even buy more using my profits, it's always a win-win, the blockchain gets back a loyal community member while I have become even richer by now owning a real-time business. Although this is all hypothetical and of course would require time to enact.
However this is to show the evidence of the utility that comes with let's saying owning a stake on a blockchain as hive. Truth is, imagine having a business idea and no mortgage bank wants to loan you because you do not have any collateral. Many utility lies with building long-term because you can easily kill so many birds with one stone even if this can be rather impossible In real-time. This is why I implore people to stop seeing their stake as only a means to solve their immediate needs and begin seeing it as more.
The prospects on the hive blockchain is unreal and it can even get more comfortable and blossoming when take to build, and bring back new funds to buy the coin, going forward I might not need my stake to establish a real-time venture, unless it comes down to the wire which I doubt, the plan is to make plans and take advantage of the utility that hive generally overs while building your standings on your stake as well.
Interested in some more of my works?
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My name is @Josediccus, a young Nigerian student who is a Vlogger, A Psychologist, Poet And Sports Writer/Analyst. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off hive can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers
@Josediccus, your brother-in-pen & heart
I'm hoping to reach more people who are broken at heart and spirit, so share on any platform or reblog
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Hello @josediccus I do agree with you on a couple points you make. First, never make excuses for your investment decisions if you are the one who made it after careful study on you own. That is the only way you learn.
Second, I believe in staking my holdings also. You can visually see your investment tucked away. It is psychological in a sense. It's security knowing you have a piece of holdings in a project, that you believe in it on the basis of truth in dealing until you discover otherwise.
Third, I see that you include in your post an image that you located on Google. Images found on Google are not free to use. Did you click through on the image link and visit the site of the person who owns the image? If so, did you find where the site gives you permission to use the image free of charge?
Thank you for sharing your thoughts. Have a good weekend and take care.
Thank you for your thoughts, it's definitely security knowing that you have a piece in a project and this can somehow sway your futuristic decisions, I believe that sometimes we make plans based on it and on the part of risk, the human existence itself is a risk, so sometimes for our investments to pay off, we need that hope that what we've built or are still building will pan out rightly the way we want it. Thanks for dropping by.
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So true. I meant to include a comment about the source of your images in your post, so I returned and edited my original comment. Please take a look again.
Yeah I checked, it wasn't stated that I can or cannot, nevertheless, I'll search for more freer to use probably an in-depth Search on where to get free images next blog post.
Great. Here's my usual advice to others who I see using Google and other images that are not free to use:
IMAGES used in your post
Images that you copy from Google, Facebook, and Pinterest are not appropriate to use in your posts. In fact, they are not free, meaning you don't have permission to use them. If you locate a photo in Google search you want to use, you have to click on the link to see the true source of the image with the original site where it's found. The image belongs to someone. If the site states that the image is free to use, then you can copy that particular link as the source of the image. If not, then do another search until you locate one that is free to use.
Images from any commercial site where you have to pay for the image or pay for a subscription. IStock and Getty Images are two of those sites. Their images are not free to use. They are expensive. If you get a subscription to IStock and Getty, then you have permission to use some images.
Only images that are your property or you get from sites that give you permission to use the images there are free to include in your blog. By taking other people's property is seen as plagiarism.
There are numerous sites that you can obtain images that are free to use under a special license called "Creative Commons". The sites will state this when you visit their site. Why not check out the following and see whether you can locate suitable images:
Free Images:
Pixabay
Unsplash
Pexels
Stocksnap.io
Kaboompics
Wikipedia (if Wiki states the image is free from copyright once you click on the image)
Imgflip
Freepik (some, but not all the images are free. Filter for free ones)
Burst (majority of images are free. excellent images, but choose carefully)
Clipart-Library
Free Images with transparent backgrounds:
PurePNG
PNGMart
If you look at it from this viewpoint, you wouldn't want someone else coming to your blog and taking a photo that is yours and using it without your permission. You don't necessary have to say on your post and hardly anyone does that your images and photos are your property and not to use them.
Thanks for taking the time to engage on this subject.
You know what? I've changed it to my own, so thank you and noted.
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You gave a very valid points here and I must say that the few months I've spent here has made me to believe that anything can happen anytime. The problem is that many people choose to only focus on the right side of the volatility that is attached to Crypto.
Anyone that chooses to focus on the downside of this volatility will have themselves to blame regardless of how things end up.
The earlier we realise this, the better for all of us.
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The downside of volatility can be deceitful by all means. It majorly should focus on our plans to turn out eventual gainers because of how well we prepare for long-term because eventually it pays to stack and stack and have it grow in value overtime.
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For the most part, every single investment carries some risks. Its just about how much risk it is. A bank runs just as much risk because it could go bankrupt. Even if it is FDIC insured, the time you need to wait to get back your money is going to fairly costly.
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How about an emergency where a person wants to get back their money from the bank but eventually they cannot because of made bank issues with bankruptcy. I believe eventually everything is risky.
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It's federally insured so the government will be the ones ensuring up to a certain point so you will get back your money. But the government isn't known for their speed.
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