Success With Hive: The Compounding Factor
(Edited)
The path to success on Hive is fairly simple. Anyone can follow the basic structure of posting, commenting and upvoting. It is the basis for the chain as well as many of the tribes/communities. Certainly Hive expanded beyond this with gaming but this is a core approach many still utilize.
In this video I discuss how it is important to be consistent, long-term focused, and intentioned with our actions. All of this will, over time, lead to success on Hive.
▶️ 3Speak
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Once we'll have project blank I'm gonna get bald to...
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I had a full head of hair when I started waiting for Project Blank.
Now look at me.
If it doesnt come out soon, I wont have eyebrows either.
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!WINE
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Thanks for the wine.
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Another great video! I’m not even close to the prolific content creator as you are, but I’m enjoying building my account through curation and my delegation to @leo.voter! I’m definitely HODLing for the long-term! My son graduates in 7 years, and I’m hoping Hive can finance his education 🤞🏽
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He's right on spot....I too want to make sure that my kids and grandkids have a little something, I stake almost everything...rising star has got some of it lately...but my growth is insane too me, i am sure that we both will achieve our goals.
So many different opportunities it is amazing. Take advantage of what interests you and grow your bags to an enormous size.
Much of what is on here will have terrific value down the road.
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There is a lot going on that will provide many opportunities. Just keep looking for places to get involved. You will find that there are a lot of things that can be of help in your endeavor.
We are going to see a lot of tokens have value at some point. This is the key. Be sure to take opportunity of them.
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You are certainly the OG of consistency on the HIVE blockchain. Is there anyone more active, who posts and comments as much, while also growing your account both with HIVE as with literally all interesting second layer tokens? You are involved in 22 projects at once, supporting, building, pushing, investing and - ultimately - compounding like few others here. 11 years down the road, your 227,000 upvotes per week will be worth an entire meal for most people in the world. So keep compounding, OG, keep compounding!
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Just doing my part @flauwy. I have the time and see my niche.
As they say, I do it because I can't sing or dance. But I can type so I keep doing it.
You bring up a good point about the upvote economy. That is something that I will have to do a post on, havent done it in a while.
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I recently found interaction the most important thing here
Being constantly present either instead of throwing out a post every day and shutting down the site
You are present in any community that lets you know more, whether from the competitions, whether from the style of writing or from useful publications, all of this benefits you as you spend more time the more you learn and develop faster.
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Glad to see it clicked for you. I agree. Interacting with others is what makes things churn. This is how we find people, let them get to know us, and then start the process of forming bonds, even if they are virtual.
When things are tokenized, this adds to the growth of our wallets.
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I agree. I have been seeing my account grow by a decent chunk every month. The percentage has dropped but I have definitely agree that you only grow your bags by consistently posting and commenting.
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The percentage will drop as your account gets bigger. A very small account can double every month for a while. But there reaches a point it is impossible. Eventually, that 100% drops to 1% if one keeps going. And the below that.
Yet the total size is getting larger meaning the raw numbers are going. This is really insane when we factor in the layer two tokens also.
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STOPTo support your work, I also upvoted your post!
Yea, I couldn't agree more.
From the moment I started to really focus on being more active and engaged in the communities I'm part of, I noticed how it increased my success on Hive in every way.
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And it will keep happening. Activity equates to interaction which leads to filling your bags.
Keep up the good work and you will be a very happy camper a year or two from now.
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This advice is especially important coming from you, because you actually follow what you preach.
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I've notice this as well: since I started being consistent I have seen gradually increasing rewards and also consistent progress (obviously) in increasing my hive and leo power
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Summary:
In this video, Task talks about the importance of consistency and compounding on the Hive blockchain. He emphasizes how smaller accounts can grow significantly over time with dedication and active engagement. Task stresses the power of staking rewards, consistent posting, commenting, and upvoting to enhance one's account and increase visibility. He explains that success on Hive requires a long-term view and commitment to consistent activity, leading to exponential growth over time.
Detailed Article:
Task discusses the significance of success with Hive through the compounding factor. He highlights how Hive presents the opportunity for significant financial growth for individuals, especially those with smaller accounts. He mentions that over the next five to ten years, those involved in Hive and its related projects could witness life-changing financial transformations.
The video emphasizes the importance of consistent activity on the platform to generate cash flow and rewards. Task explains that regular engagement is necessary to stay relevant and receive rewards consistently. By staking and powering up tokens, users can enhance their standing on the platform and increase their voting power.
Task delves into the concept of compounding and how it plays a crucial role in wealth-building on Hive. He explains how staking rewards and powering up tokens lead to continuous growth over time. By posting, commenting, and curating regularly, individuals can steadily increase their accounts and improve their visibility within the community.
The video suggests that smaller accounts have an advantage over larger ones in terms of percentage growth. Task highlights the power of engagement and dedication to consistent activity as key factors in achieving success on Hive. He stresses the importance of taking a long-term view and leveraging compounding to maximize growth potential.
Task concludes by encouraging viewers to remain committed to active engagement on the platform. He emphasizes the simplicity of the concept but underscores the need for dedication and consistency to see significant results. The video serves as a guide for individuals looking to grow their accounts on Hive through continuous engagement and leveraging the power of compounding.