When You will Cash Out?

in Project HOPE3 years ago


Something that many of us have either wondered or asked from family and friends is when we will cash out or crypto earnings. This is a rather interesting question because there is no right or wrong answer as everything is depending on our own needs and situation.

I think most of us that we are here were patient enough for our wealth to grow either that means by waiting for the price of Hive or its tokens to increase or by writing posts, curating, and delegating.

I am one of those guys that never invested a single dollar out of his pocket to build his account and name around the Hive Ecosystem. It's not like i was active all the time, i felt frustrated, i also felt that my posts aren't rewarded as they should be especially during the era of bid-bots, so i left.

When i learned about Hive i once again came back and especially after learning about Leo i dedicated myself to write and comment more. Thus, nowadays my current Hive earnings (including leo and other tokens) are 8000$. Let's give a range of 5000$-8000$ depending on the prices though.

As i have said in other posts this amount of money isn't big enough to change my life. It's like working for a year a full-time job with a low salary or a starting salary if you wish. That means that there is no way for me to cash out now except if something bad happens in my life.

I would cash out though if i reach over 25k and in that case, i may cash out only 5000k. That's a scenario that seems pretty far from now though so there is no reason for me to even think about it.

Now i know that some of you have plans to cash out when they reach over 500k or even a million. Others are cashing out everyday a percentage of their earnings because it helps them in their everyday expenses.

For example, some people are buying their groceries, paying their bills or rent and generally cryptos is a bright light in their lives that may never expect that in the first place. I am really curious though, to see in which category you guys belong to, and to be more precise i wanna hear the reason behind your reasoning.

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Greetings @filotasriza3 very thoughtful your post, for those who live in Vnezuela to earn income through this platform has been a great help, I also went through those days where nobody read me and many less voted me, constancy, learning and dedication are the difference for those who want to progress in these platforms as well as originality and creativity, requires effort and have other income to save what you earn in hive for many Venezuelans is a survival tool, thank you and success

We all have different opinions of this space and how to make the best of it. Thanks for sharing

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