On Hive your labor becomes cryptocurrency.

Today I want to address briefly one of the crypto earning secrets of Hive: here your labor becomes Hive.

So if your short on cash during this bear market, you can still benefit from the by converting your labor in Hive.

Bloging or Commenting earns Hive

You can blog and comment on Hive, and earn Hive in exchange for your time writing posts, your time reading posts, and your time spent commenting on posts. So literally your labor, time and attention become Hive.

Nice.

Competition for attention goes down during the bear cycle.

I have been on Steemit during a bear market and also on Hive during a bear market, and during both bear markets content production goes down, as some bloggers move onto other methods of writing for dollars.

This means there are less content producers to compete with, but the reward pool stays the same, so potentially more rewards for the content producers who remain. Plus people who earn by upvoting posts with their large amounts of stake start looking for new authors, who post consistently.

That new author that some whale notices could be you.
Either by seeing your posts or seeing your comments. So both get you noticed!
Nice.

Vote size goes up

Now this is just my impression, but when token price goes down, people seem inclined to give bigger votes. When Hive was 3 dollars people rarely give a whole Hive as a vote for a post. But when Hive is 30 cents people seem more inclined to give you the higher Hive vote, like a whole Hive.

Now while you may think thats not a big deal because it's worth less, thats the illusion of the bear market. The price of every Hive you stack during a bear cycle will be worth just as much as the Hive you earn during the next bull cycle, so be happy to stack cheap Hive now, because all your Hive will go up in value during the next bull market.
Nice.

Engagement gets more personal and you make more friends.

During a bear cycle people start to notice who is still here, because some of the busiest content producers during the bull market go away. So if you remain productive you start to stand out.

Lastly words: use this knowledge as a alternative to buying the dip.

It's great if you have the money to buy during the dip, but that can be a lonely strategy, if it's the only one you deploy.

I think it's better to build your network of friends and supporters by increasing your content creation, and more importantly increasing your engagement.

Your engagement will help you build a strong network of friends and supporters.

Never under-estimate the power of relationships on social media.

This is afterall a social media project, which just happens to be built on a blockchain.

So go out there and have fun writing about what you love, interacting with people who love the same things, and at the same time earning tokens.

Now you know the meaning of the title; Earning instead of buying as a bear market strategy. And you now know the true meaning of tokenized social media.

-> penned by my hand :) @shortsegments

• @shortsegments is a writer here on the Hive blockchain, and the Leofinance Community since it's inception as SteemLeo on the Steemit blockchain.

• He just supported a birthday on the Hive Blockchain 4 years old.
• Title Picture: Windsurfers on the Bay

Other articles by @shortsegments:

Bitcoins energy consumption compared to other similar global industries: surprise!

The Hive Business Garden

Bear markets can create great wealth, but few people take advantage of them... will you?

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Leofinance: a social networking community focused on finance and cryptocurrency.

Joining Leofinance is easy.

Simply click "Get started" in the top right corner of the home page.
There are three signup options, creating a HIVE account directly, or signing up via Twitter or Facebook.
These will create a new HIVE account without any initial hassle of keys and so on.
Just use these options to sign in, and get started reading and commenting.
Later on, when your more knowledgeable about Hive and Leofinance, you can download your keys and take full ownership of your account.
Hive has plain, user readable wallet names. Rather than an Oxc123blahblahblah or comdex123xyzabcblahblahblah wallet address, your user name is your wallet.
So for me, @shortsegments is my Hive wallet, and my Leofinance wallet, and my user name for everyone of the hundreds of applications built on Hive blockchain.
‘You can access all of these through a process identical to the Twitter and Facebook account creation, Leofinance has made onboarding a breeze.
You can sign-up using those accounts.
Once you sign up, drop a message to me @shortsegments by leaving a comment on one of my posts.
Or just reply to this article.
I will be happy to help you learn your way around Leofinance.

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