HPUD or Hive Power Up Day for me is just a gimmick. The way I see it is if you are serious about growing your account then every day is a power up day. Whatever rewards you are earning should be going straight into staking in order to be able to earn more through supporting other users.
Sure there are some who power down because they have no choice and I feel sorry for them. Happy in a way that Hive gives them an opportunity to earn and contribute to supporting their needs yet sad at the same time that they have to sell at these low prices.
I know deep down if I was backed into a corner it would take a lot to dilute my stake and I don't know if I could. The time and effort growing it to this point staking every day for over two years means the Hive account has way more than just monetary value. It is something very personal that has a piece of you and has some sentimental value. I am not saying it is priceless as everyone will have thought of a number, but we are way off right now and could never be tempted.
Building long term with a minimum of a five year plan is the goal so price means absolutely nothing right now. It is similar to baking a cake and taking it out too early will only mean an undercooked cake. I don't need Hive to pay my bills and this is now a long term gamble.
source
I compare a Hive account to weight loss when you are using a scale. Once you see your weight dropping it can become addictive as you can see the fruits of your labor. Watching your account grow offers a similar satisfaction and keeps me wanting to do more each day.
5 years was the initial thought process as that like any business needs time, most businesses are truly established after about 20 years. I have patience but 20 years at my age probably wont cut it as crypto should be established long before then. If we are still in the same boat then waiting for something to happen then you would have been more patient than me.
At some point most of us or I would say all of us are hoping that Hive holds significant value that offers us a decent second income. That is all I am asking and don't expect total financial freedom even though that would be the dream ticket. Realistically having a passive income for the retirement years is what I am looking at and anything else would just be a windfall.
A good habit of powering up daily chipping away at distant targets is what we should all be thinking. What is the point doing what we are doing if you aren't growing and offering more support to others around you. If you have a core group of supporters growing along side you then at some point everyone just becomes larger organically.
Having joined late missing out on the $8 price nearly 3 years ago it is something I would like to experience. I was around at the $4 price but was way too small to understand the importance it was to everyone else who would of taken advantage. That must have been difficult for the long term thinkers watching many cash out slowly seeing the price crash from where it once was.
Sixteen cents to $8 is a 50 x swing which sounds nuts but it does happen. Actually thinking about it the swing that happened back then was seven cents to $8 in a very short period of time. If I remember right it was over a 4 or 5 month period and has been dropping ever since with a massive pull back. At some point the price has to turn and even though it may be tempting the cake is no where near ready.