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RE: The Gift of the Desperate

in LeoFinance4 years ago

For instance, currently for every single cent HIVE moves up, it is going to increase my theoretical token wealth by at least 2000 dollars

Taraz, if I follow your measure, and I have 1M hive plus (900K staked and 100K liquid approx), can you imagine how much my theoretical hive token worth moves :) Also lately it definitely moved $1 up and down both :)

Thankfully, that is not the way I measure it.

I typically do not consider, my staked hive a 'liquid assets' or even hard assets. I only think about the influence and income it generates. Currently staked hive generates about 10% return, give of take. It is not much in crypto, but I do not mind, because it is giving me a front row seat to a emerging world of Venture Capital. If you ask how, I will answer Splinterlands of course. Imagine, if I was not in hive, would I be invested this much in SL? I might know about it, but having assets north of $2M in a online card game is much more risky than holding $2M of BTC (for an outsider). However, in this case, I know everyone at SL and I consider this a family business. Since it is a family business, I am certain that there is no vested interest in ticking me. In other words, I trust these people. So I can invest more, and not consider the daily fluctuation of my asset value.

I am just happy the monthly income SL is generating for me, which is substantially more than my current full-time job. I wouldn't be able to do that if I didn't invest in hive.