Cultivating savings habit when it comes to cryptocurrency

Today I decided to bring us this amazing post after coming across a post made by @doyoy. The reason why I am motivated to write about this post is simply because the name of the person that I mentioned above did justice to his post. It was worth reading. I really enjoyed the message he was trying to talk about through his post. He made mentioned of something by saying that there are people who are suffering financially, this is not because they are poor or rich but it simply boils to the point that they lack the savings mentality. This is one point that I picked when it comes to his post.

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We all knows that they are a lot of people out there who loves to lavish money thinking it will keep coming all the time. If you have such mentality you should drop it. If you keeps lavishing your money, a time will come and you might not have that money the way you are having it before. If your saving mentality is poor just bear it in your mind that you might suffers as time progresses. You should better make sure that any thing regarding lavish lifestyle you should applies wisdom 100% while doing it. It won't impact your savings but will helps to damage your life in all rounds. Because of this savings issues we have seen some person's who are rich and they later become very poor as time progresses, always applies wisdom just like what I have been hinting above.

When it comes to cryptocurrency it is more harder to save. Despite that they are some good cryptocurrency project that you will be part of and you will be happy you did. One good thing about this cryptocurrency project is that the moment you are making money from it it, it is automatic savings for you. This will goes a long way into impacting your cryptocurrency journey positively. This is the simplest reason why I have grown to love cryptocurrency project running such protocols.

As per this post I will state some cryptocurrency project that I knows which operates such automatic savings pattern. Steemit/Steem blockchain operates such system. They have their own cryptocurrency coin which they tagged Steem Power. The moment you are earning from post that you publish on the Steem blockchain through Steemit, you will found yourself being paid the Steem power automatically. The reason it is an act of savings is that you can not sell that steem Power immediately. To be able to sells it you will need to power down the token. Once you powers down the token you will see yourself been paid weekly for a period of three (3) months before all will be paid. Isn't this amazing? on my end it is. Since a lot sees that they cannot sells it immediately you will sees them forgetting about their steem Power. When such is done, the system has helped you to save automatically.

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The hive community on it own or ecosystem operates just like the Steem community too. It is just same coin with different blockchain and name. As per the hive blockchain your money will be kept in Hive power just like the Steem Power. They both posses same qualities. You can only collect your money from the hive power if you eventually powers down. There is every tendency that you can't takes the money that same day that you powers down. It will be paid every seven (7) days for a period of three (3) months. Another platform that operates same patter is the blurt blockchain. Scorum blockchain, Whaleshare and lots more are also running same pattern. With all the blockchain that I mentioned above many people have been able to save their cryptocurrency token.

Conclusion

When it comes to cryptocurrency and life in general, you should bear it on your mind that you need to cultivate the habit of savings. Failure to do this you might found yourself affected in the longer run. Things might be good now but nobody knows tomorrow so try to apply savings mentality into everything that you are doing. For sure if you keeps doing that, you story will eventually change to good. This is what savings in cryptocurrency can always do for you. Please you should not in any way neglect savings. It is your key to success as time progresses.

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• If you love my post, feel free to comment and also support me, it will help to get me motivated. Remain bless as you read the post. Thanks