Investment is s serious thing, one wrong step and you could be staring down the barrel of poverty. I know people that have made errors that rekt them. Some people came back stronger while others couldn't and that's unfortunate.
On hive, I feel a certain amount of safety that in some way is built into the system. Most times it basically feels like the system is specifically designed to protect you from loss, as long as you have some understanding about how it works of course.
Insulated by inflation
Just like Bitcoin, Ethereum and other blockchain projects out there, Hive operates on its own inflationary policy.
Every year that passes, the amount of Hive minted will reduce until scarcity becomes an inevitability. Throw in burn programs and Hive that will be lost on-chain, and you'll get the picture.
Hive is mined through the combination of proof of stake and proof of brain, but we all knew that. That feature added to the inbuilt feature that ensures you earn dividend from your stake means that Hive is probably the safest crypto to dive balls deep into.
Again, it is all about understanding how it works and you'll realise that regardless of the price you buy Hive these days, it is still fundamentally a good investment because you bought a scarce commodity.
Also, the fact that you can casually and nonchalantly recoup any "losses" through slippage, FOMO, etc that you accrued during the trade is also something that doesn't get talked about very often.
I stake a bunch of coins on other blockchains and they're restrictive, predictable and consistent. Staking on hive has a different approach that we all know about and that's what makes it interesting.
Through a basic understanding of the chain and some work in curation, you could literally earn back your losses.
Now it's not a perfect system of course but at least it's working to an extent. Could it be better? Yes and with the passionate community behind it, I think it will eventually achieve its target.
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Posted Using LeoFinance Beta
Right brother I do have to say we have to understand our investments just in case if we go underwater if we should just hold the bag too... Learned that A lot last year
I just dropped a community too man Beatzchain I plan to group rappers and producers on Hive and create a daspp https://peakd.com/c/hive-123620/created
Nice. Will the Dapp host audio streaming?
Yup just need the developers and the funds from here. I'm focused now on grouping more people to Hive and joining the movement
Nice move mate. I hope it works out.
Thanks brother I have nothing but confidence for this project
I still consider the tokenomics and structure to be far superior to that of many other crypto projects. And the ability to earn to potential help you cover for losses. It is safe. Plus, the ecosystem keeps evolving, creating new opportunities for stakeholders to capitalize on.
Posted Using LeoFinance Beta
Yup. The most important thing is getting to understand how it works and it ain't that hard. Just about reading some articles
Does Hive have a max supply?
Posted Using LeoFinance Beta
Nah. It is more like reduced inflation. So the amount of Hive that is minted continues getting fewer until we get to like 0.5% inflation.