In the previous post, I mentioned the changes to the list of tokens I stake on Hive and the update to my activity on the Hive snowballing concept. In this post, I'll follow up on those ideas.
Everything I discuss here is my experience and is geared toward users like me who have little to no capital to invest. I primarily use the profits I make through publishing content on the Hive blockchain, using faucets, or PTC (Pay-to-Click) sites. Everything mentioned here is related to the Hive blockchain or its Layer 2 tokens.
Disclaimer: What you do with your money is your own responsibility. Do your research before investing.
SNOWBALLING HIVE
The concept of snowballing Hive came to mind while analyzing my personal account and ways to earn dividends in $Hive. The first steps are always the hardest, even more so in a context like Cuba's, with average salaries of just $12 per month. It took me about two years to reach my first 1,000 Hive staked (Hive Power [HP]). Now, since October 2024, I've increased to over 1,700 HP, at a rate of 100 HP per month. If this sequence continues, it will take me 10 months or less to earn my second 1,000 Hive staked. Taking 58.3% less time to go from 1,000 to 2,000 than it took me to go from 0 to 1,000.
So, why not do a snowballing strategy with Hive revenue? What would be a strategy to accelerate these first steps from 0 to 1,000?
Of course, this only applies to those who view their Hive account as a personal business and are in it for the long haul. If previously we explained the two main strategies for implementing this concept of snowballing Hive, today I'm updating you on the one I'm developing.
Read more here