BUIDL refers to activities related to building and contributing to the blockchain and cryptocurrency ecosystem.
The big blockchain tech-savvy players will be building directly on their blockchain to upgrade it. But what about us, minnows in Hive?
According to the same link above by Binance:
BUIDLing can involve simply using a cryptocurrency for its intended purpose, utilizing smart contracts, beta testing products, writing articles, playing blockchain games, using cryptocurrency wallets, and anything that could help the blockchain and cryptocurrency fields evolve and expand.
It's the bear market now, and it's time to BUIDL, but on what, if you are a small fry Hiver?
I can think of three (based on my background and situation).
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Learn some programming in order to get closer to interacting with the blockchain of interest, such as Hive. For example, I learned to pull data from the Hive-Engine to calculate simple moving average. Lots more to learn, such as learning to make a dapp in Hive.
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Build the account follower count by making new friends on Hive. I noticed that follower count seems to be a good correlate with how much people earn from their posts. It's a no-brainer. So this is one thing to work on if one wants to BUIDL.
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Tidy up one's investment thesis, so that we make lesser mistakes and maximize profits as we progress. Recently, I wrote a post to summarise my investment strategy. I consider that as an important effort in my own BUIDLing. No euphoria in the market, so it's a good time to set aside the time to think.
Summary
As a small fry, this bear market is a time to BUIDL.
Point 1 above pertains to upgrading one's tech knowledge, such that one can know the blockchain more intimately. Programming skills come in handy.
Point 2 above speaks to building an heirloom for my descendants in the form of a Hive account. I wrote a post on it earlier.
Point 3 above is important as it gets one ready for the bull as well as the bear market. Got to have a plan!
Does anyone have other ideas?
P/S: This is not financial advice, and please do your own due diligence before investing.
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If you read this far... and if you are a like-minded Hiver who is on the path to learning more about Hive and crypto investing, and if you like to be tagged when I write such posts, I welcome you to leave a comment below and let me know. We can form an alliance to support each other's growth.
You might be interested in this post, @jacoalberts and @youngkedar98!
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