Snowballing is the way
I have a goal to have my first 100k $ in crypto by the end of this year. And by now I am at around 25k, so that seems like a big jump in about 8 months. But it really isn’t that crazy. First of all, Hive isn’t going to stay at 90 cents all year. I expect a surge to 2,5 USD pretty soon. But that’s not the only way to get there. The snowball effect is the biggest one really.
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Snowball everywhere
First of all, I am renting out Splinterland cards, which give me a daily return, which gives me extra SPS from the SPS airdrop every single day. A double snowball that is!
Then there’s posting and curating, which is the best snowball of them all. Especially if you don’t power down. The curation rewards get bigger every single day, and adding posting rewards to that, makes that snowball effect even bigger… Consistency is key here!
Then we have HBD, which brings in 20 % APR, which is actually more as the reward is distributed monthly, so there is some extra compounding involved. Snowball hé! 😉
And then there are the second layer tokens, POB, LEO, SPORTS, VYB, CENT,… etc. Those bring in some very consistent returns every single day, especially if you stake them every day. Again snowball at play…
Play with the snowball and the 100k is surely possible!
At least if you believe in it!
Sincerely,
Pele23
I'm not close to $100k at all, but I see it achievable. If I had only held to my DOGE that I owned back in 2018-2019 I'd have over half a million dollars right now. Patience is highly important, same as consistency.
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I am not close yet too, about in 1/4th, but you have to believe in it, to get there!
You will get there as staying active will pay off.
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I am sure it will!
That's a huge target buddy! But in the basketball we say that the game is over only when the siren wails. That means you have plenty of time to reach you target!
Speculation and trading are also great chances to create a small compounding interest. I am doing an escalating path onto SLP and TRX tokens, accumulating more and more as the market goes up and down. My target is doing 1% on both positions I have, every day. It's not easy, I am not able in doing it every day, but since one month, I am more or less at 10% on both positions. Keeping some smiling grinding and some discipline, the results can be interesting.
I am no fan of TRX, but every one’s path is different…
Yeah, I know.
But TRX was my first staked coin back in 2018, I am kind of passionate about it. Anyway, I have set a target, and after that, I will move to another coin (likely DOT)
That's an awesome goal, and the very act of documenting it and keeping it top of mind, will be just the thing to help you get there. Your post has motivated me as well to "step on the gas" and go full speed ahead!
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Btc Hive Cardano Dent Solana Dot Matic Oneup Leo on the way to the Moon👈😎
This is not difficult at all as the Hive ecosystem grows. You can even have more. Maybe move towards 300K next year?
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A great target that is.
For me end of the year figure would be $10K. I am very far from that but like you said snowballing is required.
Sounds like a solid plan! How about u can go to $110k, and I get your old $25k spot.. :P
That is the great thing about Hive. There are so many opportunities and you get paid for being active. I think everything will play out in our favor in the long run.
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