Designed by me using Canva
Considering the ways of life as a reference, let take it for instance, if you have a dollar and you decide to spend all today, will you have any to save by the end of the day? The answer is a big no. But if you save a cent from the dollar you make every day, by the end of the year, you would have saved 300 plus Cent and in ten years' time, you would have saved more. Saving and investment work hand in hand according to my oppinoin. Bacause spending all your profit at the end of each investment will not make your finances grow, that is why I see it very important to share my idea on how to invest in the #Hive blockchain platform.
There are so many ways of investing in the hive bolckchain, but as I am a newbie finding my way through the Hive country, I will just discuss a few of these investment options.
The first investment strategy will be "Powering up once Hive power." Powering up is a way of growing your hive power, and that will help you gain more curation rewards. This method is like poultry farming, the more eggs your layer birds produce, the more chick's you will get, after each successfully hatchery and if you don't sell the chick's right after they are matured to produce more eggs, you will get more eggs for hatchery and more chick's finally the poultry farm will be growing. More Hivepower higher curation rewards.
Another will be buying Hive when the prices are low and reselling it out when there is a rise in price. This investment strategy is common in bitcoin investment. Most crypto investors purchase butcoin when it price goes low and resells it when the price increases. The same principle can be applied to Hive.
One can also invest in the second layer tokens like lgn, bro, Leo, or Neoxag …. ect. These tokens have the ability to rise and also fall, when the price of these coins rises you sell and when they fall you buy more.
The final one I will like to talk about is those that are in the form of games, these investment games mostly comes in the form of gambling and please you are advised to stay away if you are not ready to loose and if you are not familiar with the rule of these games. They can at a point be heartbreaking 💔. Some of these games are splinterlands, terracore ,Muterra, Gods Unchained, and many more.
Splinterlands game logo acquired from discord Splinterlands chats.
This is an investment advice. After round of successful investment, do not spend all your profit. Reinvest a portion of it in addition to your initial investment capital.
Thanks to @yahuzah for his guidelines.
😍❤️ Gratitude for taking time to read.