Getting into a good habit of powering up some liquid HIVE on a regular basis is a smart idea as it helps grow your stake that much quicker. We are all on HIVE to see how big a stake we can grow and the more you have the easier the task of growing becomes. This is something you do not automatically notice or realise until you have sufficient stake.
Todays power up was a decent size of 150 HIVE and this will hopefully be repeated another two or possibly three times this month. Growth is something we tend to master on HIVE and if you use what you learn on HIVE on other crypto staking platforms you will be successful. This is all about the numbers and using the stake to generate more stake via compounding.
Earlier today I noticed the APR climbed above the 3% mark and is currently at 3.01% which adds a little extra boost each day. This APR number has been steadily rising over the last week and one can normally bank on the APR holding around 3%. In my case this equates to around 13.1 HIVE being added daily which is nearly 400 HIVE each month which I feel is a good return. This is actually more as this compounds every day and why stake is so vital to your overall growth on HIVE.
Besides the obvious that stake allows you to earn more via curation it also helps the witnesses you support and the projects you vote on. Your stake never stands still so your support is a growing support to the HIVE ecosystem. Even your delegations that you have delegated out grow at the APR rate and increase in value over time.
I particularly like the idea I can support others more through curation and at the same time see other users in the community growing. Having a growth mindset is easy to achieve once you start seeing the results and why staying consistent is the key to earning more HIVE stake.
These days I am keeping some liquid HIVE in reserve in order to capitalize on the price swings which will hopefully add more HIVE over the coming months. The target is to be able to have 10K liquid HIVE before we see the peak of this cycle whenever that might be. Who knows this extra liquid fire power may be able to unlock an extra 40 or 50K Hive Power when this cycle is done and dusted. There is nothing guaranteed in crypto and all one can do is be prepared and to at least try.
The markets are fairly volatile at the moment and we have not really had a decent HIVE pump for a while and the hope is we are well over due for another. I was never a fan of the HIVE pumps and dumps but it does keep HIVE in the spot light and I guess this is still a positive aspect.