Changing my delegation

A new member on Hive

As a demonstration account for how to start on Hive I'd like to point out how I have gotten where I am in roughly a month on Hive. If you look at the HELIOS that is worth about $0.07 so nothing noteworthy there. 140HP * 0.06 is about $8.40 and 699 GLD is about $6.99.

$15.45 in a month

Now $15.45 isn't a huge amount of money but is a measurable amount of money and I'm a firm believer that if it is invested correctly it will grow over time. Except how far it will grow is absolutely dependent on how and where you invest. Poor investment choices and you will have little growth or worse, negative growth.

But today someone I introduced to Hive a little while back made their first post @sparkleyjane .. First post and first comment. A promising start but there is a long road before I know they are a Hivian. Still I hope I can mentor them so they can follow in my footsteps.

Support from Great Little Dragons

First thing I will say is that without the help of @hiveabbyftp and the Great Little Dragons community I wouldn't be anywhere near $15. I would be lucky to even have my first $1 on Hive. However, @hiveabbyftp regularly reads and upvotes those people who post in the community and make a good faith effort on their posts.

However, the upvote is done from burning HELIOS coins to call in @helios.voter to give a much larger upvote than the community is capable of. @hiveabbyftp is actively working to ensure that every good post gets a strong upvote so there is incentive to actually interact with Hive and the community. In return for burning HELIOS which costs @hiveabbyftp and the community we hope that the new Hivian will support the community also.

How does that support look?

• Posting in the Great Little Dragons community (so it doesn't look dead)
• Purchasing GLD tokens as the purchase allows the community to buy HELIOS and stake HBD
• Delegating to @hiveabbyftp so that the community curator can give better upvotes to members

And honestly the GLD tokens are designed to hold their value AND earn a weekly reward of GLS tokens. Delegating to @hiveabbyftp also earns weekly GLS tokens

Net result:

• Post good content and get rewarded.
• Use that reward to help out the community and....
• ... get weekly tokens and additional upvotes

Why haven't I been delegating to @hiveabbyftp?

However, if you notice this account? It was delegating to @helios.voter up until today. The reason was simple: I got a better return elsewhere. There are a lot of ways to get tokens on HIVE and a lot of good projects. I believe the GLD project will be as profitable as most others on HIVE over the long term but when I was seeing the payouts of the @helios.voter? They were far more lucrative than possible inside the GLD community.

Result: Go where the money is!

Recently HELIOS finished minting their coins so delegators went from getting 20% in delegation rewards as HELIOS to getting nothing in HELIOS. Sure the delegator also gives weekly HIVE but the overall return went down considerably.

Short term is about posting but long term?

In the short term the first thing any new user of Hive has to focus on is their writing. Finding things to talk about. Finding out how to use HTML in the article to liven it up. Figure out things like making references, formatting, and finding a voice and writing style. More importantly is finding friends, finding community and finding a routine so you don't fall away and stop using Hive.

But in the long term?

Diversification and long term Hive support.

This account so far has only focused on bringing in returns. Once I hit $10 in liquid tokens then I will look into diversification. Right now Hive has been on an extended losing streak. Sad but true. Will it be around for the long term? I certainly hope so but I make no guarantees. In that way I believe that a smart investor keeps some money on chain and some money off chain. My first $10 on chain will be used to buy $10 off chain. The dividends from the off chain money will be used to buy HIVE. Money made from HIVE will be used to purchase off chain and hopefully with FIAT and VIRTUAL assets they will complement each other and lead to greater overall stability in the long run.

Of course also bringing in more people is important too.

I would love to see someone succeed and become wealthy on Hive so that other people could imitate the formula to success. However, first that means someone has to follow a path and second they need to become wealthy and third they have to tell others how it works. That is a very tall ask but its what I'm hoping for

End result?

I hope @sparkleyjane finds a path on Hive. I hope they join the Great Little Dragons community and write awesome posts. I hope they make a lot of HIVE to buy a lot of off chain investments to make themself wealthy and move that wealth back into Hive to support its value. Only time will tell if it works for this demonstration account. Only time will tell if it world for @sparkleyjane and only time will tell if it becomes a blueprint for others. Still, if I don't try then nothing happens.

I hope it grows little by little but I just keep on writing and see what the future holds :)

Thanks for dropping by and that's my writeup for today :)